Grit Real Estate Income Group, the pan-African property investor, has announced a proposed open offer and placing to raise $215.6m. It is looking to place up to 414,647,283 new ordinary shares at US$0.52 per share, the open offer being on the basis of 1.3011 new ordinary shares for every one existing share. The group intends […]
In QuotedData’s morning briefing 22 November 2021: Aquila European Renewables Income (AERI) has achieved a four out of a five-star rating following its GRESB assessment, an investor-driven global ESG benchmark and reporting framework to help evaluate complex sustainability issues. With an overall GRESB Score of 84, the fund scores above the GRESB average of 77 […]
QuotedData’s weekly news show 19th November 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: Troy Income & Growth AtratoOnsite Energy Fundraising This week’s interview was with Iain McCombie from Baillie Gifford UK […]
Last night, members of the QuotedData team attended the annual Investment Company of the Year Awards in London, hosted by leading investment trade title Investment Week and sponsored by the Association of Investment Companies. This year, the Jackie Beard Award for Outstanding Contribution to the Industry was awarded to two individuals that have been in […]
Atrato Onsite Energy plc (ROOF) has announced that its IPO has raised £150m through a significantly oversubscribed issue. The maximum size of the IPO was £150m, this being the amount that the Investment Adviser believes can be deployed within 12 months from the trust’s admission (expected at 8am on 23 November 2021). However, ROOF’s IPO […]
Great Portland Estates (GPOR) has, alongside the release of its interim results, launched a social impact strategy, which is describes as “Creating a lasting positive impact in our communities”. The four key pillars of the strategy are: Enabling healthy and inclusive communities Championing diverse skills and accessible employment opportunities Supporting the growth of local business […]
Octopus Renewables Infrastructure Trust (ORIT) has announced plans for a placing of up to 70m new ordinary shares, at a price of 105.5 pence per share, to raise gross proceeds of up to approximately £73.9 million. In addition to this placing, there will be an offer on the Peel Hunt Retail Capital Markets ‘REX’, at […]
In QuotedData’s morning briefing 19 November 2021: Montanaro European Smaller Companies (MTE), which has a strong ESG overlay to its strategy, has published its interim results for the six months ended 30 September 2021. During the period, MTE’s NAV rose by 25.0% to 198.7p per share, thus outperforming its benchmark (MSCI Europe SmallCap (ex-UK) index), […]
LondonMetric has announced a proposed fund raise of £175m, through a placing and retail offer (through PrimaryBid), to fund a pipeline of logistics acquisitions. The company said that it intends to use the proceeds of the raise, the price of which has yet to be determined, to acquired committed and under offer deals that total […]
3i Infrastructure buys subsea fibre optic network – 3i Infrastructure has agreed to invest about $512m to buy a 100% stake in Global Cloud Xchange (GCX). Global Cloud Xchange is a leading global data communications service provider and owns one of the world’s largest private subsea fibre optic networks. The company provides high-bandwidth connectivity to a […]
Schroder UK Public Private backs Attest – Schroder UK Public Private Trust has made a $7.0m investment in market research technology platform, Attest Technologies, as part of that company’s $64m Series B funding round. The investment in Attest is the third new private equity investment since the appointment of Schroder Investment Management as manager. Attest is […]
In QuotedData’s morning briefing 18 November 2021: Octopus Renewables (ORIT) says that construction has started at its Cumberhead wind farm. The Cumberhead project, which is expected to be fully operational by Q4 2022, is a 50MW onshore wind farm located in South Lanarkshire, Scotland, and will consist of 12 Nordex N133 turbines and have an […]
Tritax EuroBox has agreed a new lease on a vacant unit at its Nivelles asset in Belgium to Associated Retail SA (trading as Match Supermarkets), the convenience supermarket group located across Belgium, Luxembourg and northern France. The Nivelles property, comprising two separate logistics units, was acquired by the company in January 2021, immediately after completion […]
Workspace Group, flexible office space provider, has acquired The Busworks, in Islington, for a total of £45m. The off-market acquisition is being funded from existing facilities. A former Victorian bus factory, the property provides 104,000 sq ft of net lettable space across two conjoined warehouse buildings on 1.6 acres. It is currently operated as a […]
Life Science REIT successfully raised gross proceeds of £350m from its initial public offering (IPO). The company said it received applications exceeding the £350m maximum size of the issue, so a scaling-back exercise has been undertaken. A total of 350m ordinary shares will be admitted to trading on the Alternative Investment Market (AIM) of the […]
In QuotedData’s morning briefing 17 November 2021: Caledonia (CLDN) has agreed terms to divest its investment in BioAgilytix, a leading provider of bioanalytical testing for large molecule research and development, as private equity firm Cinven, becomes the new lead investor. The transaction is subject to US anti-trust approvals and is expected to complete in December […]
Aquila European says Norwegian ‘Rock’ wind farm still going ahead – On October 11 2021, the Norwegian supreme court ruled that two windfarms – Storheia and Roan – had violated the traditional reindeer herding rights of the local Sami people. The herders said that the operational wind farms were disturbing the reindeer and affecting their […]
Troy struggles as UK economy recovers – Troy Income & Growth failed to match its benchmark over the 12 months ended 30 September 2021. The trust produced a return of 10.2% in NAV terms and 9.6% in share price terms. This compares to 27.6% for the All-Share Index. This has dragged down the fund’s long-term […]
North American real estate investment trust (REIT) Slate Office REIT has agreed a deal to buy London-listed Irish office investor Yew Grove REIT for a consideration of €177.4m. The deal would see Slate acquire the entire issued and to be issued share capital of Yew Grove at a price of €1.017 per share. The cash […]
In QuotedData’s morning briefing 16 November 2021: International Public Partnerships (INPP) says that the consortium that it is a member of (alongside Amber Infrastructure Group and Transmission Investment) now owns the 400MW Rampion offshore wind farm transmission link. The offshore wind farm is located approximately 13km off the Sussex coast and consists of 116 x […]
Following the success of our ESG Webinar Series last year, we will be hosting this year’s ESG Webinar Series on 16th, 17th and 18th November 2021. Each morning will focus on a different aspect of ESG with managers having the opportunity to present on their companies and how the specific aspects of ESG are embedded […]
LondonMetric Property has acquired two logistics warehouses for £135.6m in separate transactions, reflecting a blended net initial yield of 4.2% and a reversionary yield of 4.8%. The properties generate a rent of £6.0m a year with 100% of the income benefiting from RPI linked rent reviews and have a WAULT of 22 years. The first […]
Urban Logistics REIT has announced an Initial Placing, Offer for Subscription and Intermediaries Offer targeting gross proceeds of £200m at a price of 170 pence per share. Having fully deployed or committed £134m of capital following the company’s £108m July fundraising, the manager has identified a further pipeline of high quality, last mile logistics assets, […]
Tritax EuroBox has agreed a deal to fund the development of an €117.9m logistics asset in the Rhine-Ruhr region in Germany. The development, in Bönen, will comprise 66,065 sqm of space and is pre-let to the Rhenus Warehousing Solutions SE & Co KG, one of the leading global logistics service providers, on a 15-year lease. […]
Nippon Active Value launches share issuance programme and PrimaryBid offer – Following previous announcements to raise further capital, Nippon Active Value (NAVF) has confirmed that the Initial Issue will take the form of an issue of Ordinary Shares to be issued at a price equivalent to NAV plus a premium of 1.5% in respect of […]
Ruffer to launch new issue to benefit new and existing shareholders – Ruffer Investment Company (RICA) has launched an issue of new shares at a price of 296.5p per share by way of an Open Offer, Offer for Subscription and Intermediaries Offer. It is conditional, inter alia, on: (i) the passing of the resolution at […]
In QuotedData’s morning briefing 15 November 2021: Sequoia Economic Infrastructure Income (SEQI) has refinanced and increased its existing multi-currency Revolving Credit Facility of £280m that was due to mature on 7 December 2021. The new £325m multi-currency Sustainability-Linked Revolving Credit Facility is provided by The Royal Bank of Scotland International, ING Bank, Macquarie and Raiffeisen […]
About a year ago, ahead of last year’s ESG conference, I wrote an article about a fund that was looking to launch – Schroder BSC Social Impact (SBSI). In the event, it made it across the finishing line and IPO’d with assets of £75m, short of its £100m target but a reasonable size, nonetheless. I […]
QuotedData’s weekly news show 12th November 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: Pantheon Infrastructure VH Global Sustainable Energy Opportunities Scottish Mortgage This week’s interview was with Helen Steers from Pantheon […]
Schroder Income Growth Fund (SCF) has announced its annual results for the year ended 31 August 2021, during which it has outperformed its benchmark by a margin and is providing its 26th year of dividend growth. During the period, SCF’s NAV and share price total returns were 34.4% and 37.0% respectively, both markedly ahead of […]
