Shaftesbury, which owns a 16-acre portfolio in London’s West End, has reported a significant reduction in vacancy in a trading update as footfall and trading recover. The group said vacant available-to-let space across its portfolio of retail, hospitality, leisure and offices was down to 4.6% at 31 July (from 8.4% at 31 March). This decreased […]
In QuotedData’s morning briefing 23 August 2021: NewRiver REIT (NRR) has completed the sale of Hawthorn Leisure REIT, which held NRR’s entire community pub business, to AT Brady Bidco for £222m. There may be a further £4m, relating to a pending insurance claim, to be received by Hawthorn following the date of completion. Net proceeds (£216m) are expected […]
A trip to Mars may not be high on the average person’s to-do list, but Scottish Mortgage is prepared to embrace the radical thinkers and their companies striving to get us there. Civilisation on Mars might seem far-fetched. For Scottish Mortgage, however, we believe we must embrace seemingly unreasonable propositions to discover the most extraordinary […]
QuotedData’s weekly news show 20 August 2021 Thank you to everyone that listened in today, whether you watched the Zoom live, on Facebook or on YouTube. In this week’s show, James Carthew covered the week’s top stories: Apax Global Alpha Electra Pershing Square Watch it again here This week’s interview was with Abby Glennie from Aberdeen […]
At QuotedData, we don’t tend to make too much of a fuss about interim reports from investment companies. However, with the summer lull upon us, we have had a closer look than we might otherwise have at some interim statements this week and some interesting things have emerged. Good returns from growth-focused private equity Part […]
August has traditionally been a quiet month for property investment deals, as fund managers recharge their batteries ahead of a customary bumper final quarter of the year. Not this year, seemingly, with several high-profile deals going through in the last couple of weeks. For instance, LondonMetric sold a ‘big box’ warehouse for £102m earlier this week […]
LXi REIT has acquired three long-let property assets for a total of £80m, reflecting an accretive 5.25% average net initial yield, as it deploys the proceeds of its £100m equity raise in July. The three assets – a biotech campus in York, TV studios in Glasgow and a recycling facility in Aberdeen – have a […]
Pershing Square Holdings has published a letter issued by its SPAC, Pershing Square Tontine Holdings (PSTH), in relation to a law suit that has been filed against it that it is operating as an illegal investment company. Rather than copy and paste, we have reproduced the letter in full below. [QD comment: this is a […]
Good start for RWC at Temple Bar – Temple Bar (TMPL) has announced its interim results for the half-year ended 30 June 2021. The first half of 2021 saw TMPL perform extremely well as mispriced Value stocks generally did significantly better than the rest of the UK market. For the six months to 30 June 2021, the […]
In QuotedData’s morning briefing 20 August 2021: EP Global Opportunities (EPG) has announced its interim results for the half-year ended 30 June 2021. At the half-year end, EPG’s NAV was 314.6p, an increase of 2.0% from the 31 December 2020 NAV of 308.4p. After taking account of the final dividend of 6.0p per share that was paid […]
Aberdeen Standard European Logistics Income (ASLI) has reported an uplift in net asset value (NAV) in the quarter to 30 June 2021. The group posted a 1.6% increase in NAV to 123.6 euro cents (2.4% in pound sterling to 106.1p), which reflected a NAV total return of 14.7% in the year to 30 June 2021. […]
Chrysalis backs Tactus Holdings – Chrysalis Investments is making a £40m investment in Tactus Holdings Limited. Tactus is a consumer technology business specialising in gaming, education and entry level computing. It is committed to making technology more accessible to consumers all over the world. Tactus will use the money to accelerate its international buy-and build-strategy, with […]
Apax Global Alpha goes from strength to strength – Apax Global Alpha’s results for the first six months of 2021 are impressive. Highlights are: Total NAV return of 17.4% – driven by returns of 24.5% from the private equity portfolio and 9.8% from the derived investment portfolio (debt and equity positions in companies that Apax […]
In QuotedData’s morning briefing 19 August 2021: Custodian REIT has paid £1.9m to buy a 29,676 sq ft industrial unit on Wester Gourdie Industrial Estate, Dundee, adjacent to the A90. The unit is occupied by Menzies Distribution Limited with an unexpired term to first break or expiry of 5.2 years. The unit has a passing rent of £117,500 […]
Sirius Real Estate, the German business park owner and operator, has acquired four assets and one land parcel for €84.8m. The business parks are located in Oberhausen, Frankfurt, Heiligenhaus and Öhringen and provide over 150,000 sqm of lettable space. In addition, the company has acquired a land parcel adjacent to its existing asset in Neuruppin. […]
Boost for Riverstone Energy’s NAV thanks to ‘stabilised macro environment’ – Riverstone Energy (RSE) has posted its half-year results for the 6 months to 30 June 2021. During the period under review, the company saw an increase in its NAV per share of 50% (in GBP terms) while ending the period with a cash balance […]
In QuotedData’s morning briefing 18 August 2021: Seraphim Space (SSIT) pipeline company, Spire Global, a leading provider of space-based data, has completed its merger via a SPAC with NavSight Holdings. The combined company has been renamed Spire Global Inc and shares have started trading on the New York Stock Exchange under SPIR. As announced at Seraphim […]
Chrysalis backs InfoSum – Chrysalis Investments has made a $65m investment in the US based parent company of InfoSum, as part of its Series B scale-up round. Previous investors in InfoSum include IA Ventures and UpFront Ventures, among others. InfoSum is a data infrastructure business that has built a way for organisations to share data with […]
Electra demerger plan progressing – Electra Private Equity says that its board is confident that the value creation opportunity arising from both the demerger of Electra’s hospitality brands (mainly TGI Fridays) by spinning them off into a new company Hostmore, and the subsequent transition of Electra to AIM as the parent company of Hotter Shoes is […]
Riverstone Energy invests in batteries – Riverstone Energy Limited has bought an interest in one of Samsung Ventures’ battery technology focused venture capital portfolios for $30.0m. Other affiliates of the manager invested a further $3.0m. Within the portfolio are seven unrealised investments, including around 1.66m shares of Solid Power, Inc, which account for most of the […]
In QuotedData’s morning briefing 17 August 2021: We noted yesterday that RTW Venture was conducting a quick fundraise. In the event, RTW issued 1,419,276 new shares. AEW UK REIT (AEWU) is managed by AEW UK Investment management LLP, a joint venture between AEW in Europe and Richard Tanner, Rachel McIsaac and Nick Winsley – investing through an […]
LondonMetric Property has exchanged to sell its Primark-let distribution warehouse in Thrapston, Northamptonshire, to EQT Exeter for £102.0m, reflecting a net initial yield of 4.1%. The group acquired the property in 2013 for £60.5m, at a net initial yield of 6.4%, and since acquisition, the property has delivered a total return of 123% and an […]
In QuotedData’s morning briefing 16 August 2021: NB Global Monthly Income (NBMI) has invested in a new 2nd lien senior secured loan from Parexel, which came to the market in July. The company helps pharmaceuticals manage and execute clinical trials. Following a 3-year turnaround plan under a new management team, NBMI believes it is well positioned to […]
QuotedData’s weekly news show 13 August 2021 Thank you to everyone that listened in today, whether you watched the Zoom live, on Facebook or on Youtube. In this week’s show, James Carthew covered the week’s top stories: Acorn Income Fund Berlin Landlords Smithson Watch it again here This week’s interview was with Andrew Bell from Witan […]
With the recent flood of good news on GCSE and A level results, it is easy to forget that there are many young people who are being let down by our education system. Needs improvement Every year, it is estimated that 200,000 children leave primary school at 11 unable to read or write to the […]
The bumper spell of merger and acquisition (M&A) activity in the UK listed real estate sector has some way to play out yet, with several companies still looking like attractive targets. The share prices of many property companies have yet to return to pre-pandemic days – perhaps understandably when rent collection rates are still below […]
Aberdeen Asian Income Fund (AAIF) has announced that it is formulating proposals to migrate its tax residence to the UK and to apply for UK investment trust status. Background to the proposals AAIF aims to provide investors with a total return primarily through investing in Asia Pacific securities, including those with an above average yield. […]
In QuotedData’s morning briefing 13 August 2021: Murray International (MYI) has announced its interim results for the six months ended 30 June 2021. As we reported yesterday, sadly, Simon Fraser who was appointed the trust’s chairman in April of this year, passed away on 9 August following a short illness. David Hardie will be chairing the […]
Shock reversal in Acorn plans – Acorn’s board has, this morning, made the following announcement: “Further to the Company’s announcement on 17 May 2021, where the Board of the Company announced proposals to recommend the appointment of BMO Global Asset Management to manage the Company under a new Sustainable Global Equity Income investment strategy (the […]
In QuotedData’s morning briefing 12 August 2021: Riverstone Credit Opportunities (RCOI) says its end June NAV was $1.03, unchanged from end December 2020. It has declared dividends totalling 3.5 cents for the first six months of the year. It concluded four deals over the first half of 2021, two of which – a water infrastructure company (Blackbuck […]
