Local Shopping REIT’s results for the year ended 30 September 2016 show that it made sales worth £5m over the year while the reminder of its portfolio was valued at £75m at the year end. The fund is in wind up mode and they say that their preferred approach was to dispose of the remainder of […]
Over the year ended 30 September 2016, Baring Emerging Europe’s Net Asset Value per share on a total return basis rose by 41%, which compares with a rise of 27% in the benchmark, the MSCI Emerging Europe 10/40 Index. Part of this was attributable to the decline in sterling; in Dollar terms the increase in Net Asset Value […]
John Laing Infrastructure Fund has signed a Sale and Purchase Agreement with John Laing Infrastructure Limited (a wholly-owned subsidiary of John Laing Group plc) in respect of the acquisition of a 100% interest in the A55 Llandegai to Holyhead road PPP project. The A55, running from Holyhead across north Wales, forms part of the Trans-European Transport […]
Aberdeen Frontier Markets’ Board says that the number of ordinary s that were tendered is such that the Board is of the view that the continuance of the company as currently constituted is not in the best interests of the continuing shareholders (i.e. the ongoing fund would have been too small). Accordingly it has exercised the right, […]
The Board of Phaunos Timber has published a presentation that outlines a new strategy for the company. In summary the presentation covers the following: The intention of the Phaunos Board to propose a resolution for the continuation of the company for a further 5 years The potential to provide yields of 3-5% and NAV growth […]
Dalradian Resources (DALR:AIM) (DNA:TSX) A third stope test was conducted to validate the long-hole mining method on a shallow dipping (50-55 degrees) portion of the vein, located 60 metres below the surface on the V-75 vein at the deepest point of the current development. In comparison Stopes 1 and 2 had dips of 73 degrees and […]
International Public Partnerships Limited (INPP) has announced that it is part of the Quad Gas Group consortium that has agreed to acquire a 61% interest in National Grid’s gas distribution network (GDN). The Company says that it expects to invest up to £275 million, with the remaining risk capital funded by the other consortium partners […]
Tritax Big Box REIT has announced that it has completed the land purchase and exchanged contracts to provide forward funding for the development of a new distribution facility at Prologis Park, Fradley, Staffordshire. The development is pre-let to Screwfix Direct Ltd, whose ultimate parent is Kingfisher Plc The development represents an investment of £52.7 million, […]
Witan has reviewed the benchmark it uses to measure its performance and has made the following adjustments: UK reduced from 40% to 30% North America increased from 20% to 25% New allocation to emerging markets of 5% They say that Witan’s benchmark, which is used as a reference point for comparing performance, has evolved over […]
The Board of AXA Property Trust Limited has announced that the company has entered into a binding contract for the sale of the property at Rothenberg, Germany. The contracted sales price is EUR22.02 million reflecting a discount of 1.7% below the asset’s independent valuation as at 30 September 2016. Completion is expected at the end of […]
