Overview
Tamar European Industrial Fund was established to invest in industrial real estate assets primarily across Western and Northern European jurisdictions, excluding the UK. It was taken over by Lux Starlight in August 2014 and its shares are no longer traded.
News
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17 Jun 2014 1 min read
Tamar European Industrial Fund : TEIF – recommended cash offer
Tamar European Industrial Fund announced on 16 June that Lux Starlight, a newly incorporated Luxembourg private limited liability company, and TEIF have agreed on the terms of a recommended cash offer to be made by Lux Starlight for the entire issued and to be issued ordinary share capital of TEIF. The offer is 38.25p in cash, valuing the total […]
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29 May 2014 1 min read
Tamar European Industrial Fund : TEIF – sells Swedish property
Tamar European Industrial Fund has sold a property in Sweden for £7.94m. The property is a 25,000 sq m warehouse located in Kungsbacka (south of Gothenburg) let to Blondie Logistics and Santa Maria AB. The sale price equates to an initial yield of 11.0%. This was 1.6% below the last valuation for the asset in […]
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16 Dec 2013 1 min read
Tamar European Industrial : TEIF – sale and bank facility
TEIF has sold an asset in Sweden (a 2,963 sqm light industrial building in Angelholm) for £0.98m – a small premium to its latest valuation. TEIF has also extended repayment of a €71m loan secured against assets in France, Belgium and Holland to July 2015. The new cost of this facility is 7.66% per annum including fees.
