Schroder European Real Estate buys three industrial properties – Schroder European Real Estate Investment Trust has exchanged contracts to purchase three industrial assets in the Netherlands for a total purchase price of EUR19.8 million, reflecting a combined net initial yield of 6.5%, with a weighted unexpired lease term of approximately 9 years. In Venray, the Netherlands, Schroder […]
Oakley Capital investing in cPanel – Oakley Capital Investments Limited will invest in cPanel via the Oakley Funds. WebPros BV, the holding company that owns Plesk and Solus VM, and which Oakley Capital Private Equity III first invested in in April 2017 (when WebPros bought Plesk), is acquiring a majority stake in cPanel from its founder J. Nick […]
Regional REIT adds eight offices to its portfolio Regional REIT (RGL) has announced that it has exchanged and completed on contracts to purchase eight assets for £31.4 million. (Update 24/08/2018) the acquisition was completed on 23rd August 2018. Regional diversification The portfolio is spread out from the Stockton-on-Tees in the North to High Wycombe in the South. […]
BlackRock Emerging Europe’s liquidation plans announced – on 14th June, the Board of BlackRock Emerging Europe (BEEP) announced that its tender offer had not secured enough money to make continuing running the company viable. Click here to read more on our coverage of that decision. The Board of BEEP have looked at the options and have come up with […]
John Laing Environmental Assets acquires another anaerobic digestion plant – John Laing Environmental Assets (JLEN) has announced the acquisition of an anaerobic digestion (AD) asset, from Merlin Renewables Limited for a total consideration, including working capital, of c. £18.1 million. Location The Merlin AD plant is located in Hibaldstow, North Lincolnshire and was commissioned in September 2014. The […]
City of London writes to shareholders of Lazard World Trust – City of London Investment Management (CLIG), who run the investment trust City of London (CTY), has written a letter to the Directors of Lazard World Trust Fund (WTR) explaining its intention to oppose renewing the WTR’s buyback authority at the EGM to be held on 30 August, 2018. CLIG comments that […]
Regional REIT completes sale of Wardpark, Cumbernauld – Regional REIT (RGL) has announced that it has exchanged and completed the sale of multi-let industrial estate Wardpark, Cumbernauld. Uplift on disposal The sale price of £26.4m was 21.1% above the December 2017 year end valuation. Wardpark, Cumbernauld, which Regional REIT acquired in 2013, covers a total of 829,851 […]
Phaunos Timber rejects Stafford’s Offer – the Chairman of Phaunos Timber (PTF) has sent a letter to Phaunos Shareholders, giving them an update on plans to wind up the company and to reject the cash offer made on 3rd July by Stafford Capital Partners. This is the latest communication from the Board of Phaunos in a long running saga, where […]
Vietnam Opportunities extracts itself from chicken farm – VinaCapital Vietnam Opportunity Fund has reached an agreement with Ba Huan JSC, a Vietnamese poultry producer, to cease its investment, with all capital being returned to the fund. In February 2018, VinaCapital Vietnam Opportunity announced that it had invested USD32.5 million to acquire a significant minority stake in Ba Huan. […]
JPMorgan Brazil struggles in a politically-driven market – During JPMorgan Brazil (JPB)’s financial year to 30th April 2018, Brazil’s equity market experienced a highly volatile period mainly driven by political concerns. Performance The company recorded more modest sterling returns this year as the Brazilian currency, the Real significantly weakened against Sterling by some 17%. The total return on net assets was […]
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