RIT Capital Partners says its net asset value per share increased to 1,730 pence during 2016, representing a return of 12.1%. Its shares traded at a premium which averaged 4.6% during the course of the year and total shareholder returns amounted to 14.2%. The dividend was edged up to 31p from 30p. They intend to pay a […]
Derwent London has published results for the year ended 31 December 2016. Its EPRA net asset value per share increased 0.5% to 3,551p from 3,535p at 31 December 2015, 1.3% lower than 3,598p at 30 June 2016. Net rental income increased 5.2% to GBP145.9m from GBP138.7m in 2015. EPRA earnings rose 8.9% to GBP85.7m from GBP78.7m last […]
British Land confirms that it and its joint venture partner, Oxford Properties, are in advanced discussions regarding the possible sale of their interests in The Leadenhall Building. British Land and Oxford Properties currently own The Leadenhall Building in a 50/50 joint venture. It is not certain that these discussions will lead to a sale of […]
CVC Credit Partners European Opportunities’ Euro and Sterling class net asset values per share increased by 9.29% and 9.80% respectively over the course of 2016. They continued to pay quarterly dividends at the annual rate of 5 Euro-cents / 5 pence per share and expect to continue to do so. They point out that the fund has shrunk […]
Scottish Mortgage will be promoted to the FTSE100 list Update 1 March Scottish Mortgage announces that, in recognition of its continued growth and success, there will be a cut in the annual management fees for the company, effective from 1 April 2017. Scottish Mortgage already enjoys one of the lowest ongoing charges levels in the […]
LXi REIT has listed on the London Stock Exchange. Its IPO has raised £138.15m before costs. The company is targeting attractive inflation-protected income and capital returns through a diversified portfolio of very long-let and index-linked UK property assets. LXi REIT is targeting a minimum annual dividend of 5 pence per Ordinary Share, starting from the […]
Land Securities has announced that it has completed the sale of The Printworks, Manchester, to DTZ Investors for £108m. Redeveloped and reopened in 2000, The Printworks is a Manchester city centre leisure destination, covering 368,770 square feet over four floors. The site is anchored by a 20 screen Odeon cinema, which houses the only IMAX screen in Manchester. In addition, there are […]
BH Macro has announced the results of its tender offer (up to 100% for all share classes) and its shareholder meetings. In aggregate, 48% of shares in issue were tendered (41.4% of GBP, 42.3% of EUR, 69.7% of USD shares). The company says that this is within the 66.667% tender limit so the tender can […]
Allianz Technology Trust reports that it underperformed its benchmark over the year ended 30 November 2016. The NAV increased in the period by 23.8%, finishing at 835.9p as at 30 November 2016 compared with 675.1p as at 30 November 2015. The benchmark index, the Dow Jones World Technology Index (sterling adjusted, total return), increased by 31.7% […]
Greencoat UK Wind reports that its NAV growth during 2016 was 4.1 pence per share (after adjusting for dividends). NAV per share increased from 102.9 pence (ex dividend) on 31 December 2015 to 107.0 pence (ex dividend) on 31 December 2016. They paid total dividends of 6.34 pence per share for the year and are targeting […]
