Investment companies are companies set up to make investments on behalf of their shareholders (also called closed-end funds and, in specific circumstances, investment trusts).
Augmentum Fintech (AUGM), the fintech-focused trust, has made a £7.5m investment in Receipt Bank, the UK-headquartered digital bookkeeping platform. AUGM’s investment is part of Receipt Bank’s £55m series C fundraising, led by Insight Partners, with participation from exisiting investors Kennet Partners and Canadian Imperial Bank of Commerce (CIBC). Receipt Bank one of the 50 fastest […]
Regional REIT has acquired an office asset in one of Scotland’s premier business parks for £10.3m. The office asset comprises 43,676 sq ft over three floors, currently 100% let to John Menzies, an international aviation business and one of Scotland’s largest companies. The current contracted rent of £880,000 a year provides a net initial yield […]
CLS Holdings has sold a portfolio of government-let regional offices in the UK for a total of £65m to Elite Capital Partners – a Singaporean investment firm. The 19 offices are located across the UK outside of the South East and, following major lease re-gears last year, have less active asset management potential. The group […]
In QuotedData’s other news 2 January 2020 – Infrastructure India (IIP) announced that Tim Walker, a non-executive director of the company, will step down from the Board on 31 March 2020. We also have news of a completed battery-only investment by Gresham House Energy Storage and portfolio announcements by Regional REIT and CLS Holdings.
Gresham House Energy Storage Fund (GRID) has announced has completed its investment in the 49MW battery-only project known as Red Scar. The Project, which is located on the Red Scar Business Park, by the Longridge Road and the M6 outside Preston, was acquired for a total enterprise value of approximately £32.8m (inclusive of £1.0m of […]
Symphony International Holdings has entered into binding agreements to sell land at the Niseko ski resort, in Japan, and form a new joint venture to co-develop part of the land with Hanwha Hotels & Resorts. As initally announced on 30 August 2019, Niseko Property Joint Venture (NPJV), which Symphony holds a 37.5% interest in, will sell […]
SDCL Energy Efficiency Income Trust (SEIT), the first UK-listed investment company of its kind to invest exclusively in the energy efficiency sector, has agreed to acquire a 50% interest in Primary Energy, a portfolio of recycled energy and cogeneration projects located in Indiana, USA, from a consortium led by Fortistar for an equity cash consideration […]
Regional REIT has announced a series of lettings 3% ahead of the expected rental value (ERV). The six leasing deals, which are spread across the portfolio, amount to a total rental income of £589,856 a year and comprise: A 9,581 sq ft renewal at Star House in High Wycombe to Star Micronics for five years […]
Derwent London has exchanged contracts to sell its long leasehold interest in 40 Chancery Lane for £121.3m. The 103,700 sq ft office and retail building is let to Publicis Group until July 2035, with a tenant break in July 2033, at a net income of £5.5m per annum. The sale price represents a net yield to […]
Tritax EuroBox, which invests in Continental European logistics real estate assets, has acquired a prime newly developed logistics property at Breda, in the Netherlands, for €50.3m. The deal reflects a net initial yield of 4.6%, with the potential to add value through the letting of the vacant units. The property, purpose-built in November 2019, is situated in an […]
GCP Student, the UK REIT focused on student residential assets, has rasied £77m from an over-subscribed placing. It had targeted proceeds of £75m but was boosted by an application in respect of £50m of gross proceeds from APG Asset Management in its capacity as the discretionary manager of various pension funds. A total of 41,365,400 shares […]
McKay Securities has sold a prime City of London office for £76.5m. The REIT, which is focused on the London and South East office and industrial markets, has disposed of 30 Lombard Street at a net initial yield of 4.16%. McKay, which completed the redevelopment of the 58,500 sq ft building in early 2019, pre-let […]
Hg, the Manager of HgCapital Trust plc (HGT) has announced that it has made an investment in Personal & Informatik AG (P&I), which it has acquired funds advised by Permira for an enterprise value of €2 billion. While the terms of the transaction have not been disclosed, HgCapital Trust plc will invest approximately £37.7 million […]
Intu Properties has struck a deal to sell the Puerto Venecia shopping centre in Spain for €475.3m. The company, which owns the asset in Zaragoza in partnership with Canada Pension Plan Investment Board, will receive €237.7m from the deal as it looks to address its balance sheet with the value of its UK shopping centres continuing […]
Keystone Investment Trust (KIT) has announced that it proposes to buy back up to 1,200,000 of its own shares in the market. This is equivalent to 8.9% of the issued share capital as at the time of the announcement. KIT’s board says that it will do this when it deems this to be in the […]
US Solar Fund plc (USF) has announced that it has closed the acquisition of 100% of the cash equity interests, alongside tax equity financing, in six utility-scale solar power projects. The projects, whose capacity totals 39MWDC, are located in North Carolina. The Company announced the acquisition on 10 December 2019 and has progressed to financial […]
U+I Group, the specialist regeneration developer and investor, has submitted plans for its £200m mixed-use scheme at Faraday Works in Charlton, Greenwich. Formerly known as Westminster Industrial Estate, this is one of two planning submissions totalling £1bn gross development value (GDV) outlined at the interim results on 20 November 2019. U+I expects an outcome in the […]
Globalworth, the office investor in Central and Eastern Europe, has agreed a deal to acquire an office in Kraków, Poland. The asset, Podium Park, comprises three connected 11-storey buildings which will, on completion, have a total lettable area of over 55,000 sq m, and it is one of the few office projects in Poland with BREEAM […]
LondonMetric Property has sold four distribution warehouse assets for a combined £145.3m. Across three deals, the company has disposed two mega box warehouses and two regional distribution warehouses as it continues to reduce it ‘big box’ exposure. In Newark, it has sold a 726,000 sq ft warehouse to an international investor for £80.8m, reflecting a net […]
In QuotedData’s other news 20 December 2019 Polar Capital Global Healthcare reported a -1.2% total return on NAV for the year ended 30 September 2019, behind the MSCI ACWI Health Care Index which returned 3.1%. The return to shareholders was -1.3%. The dividend has been upped to 2.1p from 2p. The biggest drags on performance were healthcare […]
Hipgnosis buys catalogue from Savan Kotecha – Hipgnosis Songs Fund Limited has acquired a music catalogue from Savan Kotecha, an Indian-American songwriter and producer whose songs have been nominated for 17 Grammy Awards and who has just been named Music Week’s “Songwriter Of The Year” for 2019. Savan Kotecha songs have sold more than 375 million […]
Greencoat UK Wind buys two Scottish wind farms – Greencoat UK Wind PLC has agreed to acquire the Windy Rig and Twentyshilling wind farms from Statkraft UK Limited for a combined consideration of £104 million, to be paid on completion. Construction of the wind farms is expected to commence shortly, with the acquisition targeted to complete […]
Yew Grove REIT buys six offices – Yew Grove REIT has exchanged contracts to purchase a portfolio of six office buildings at Millennium Park, Naas, County Kildare. The purchase price will be EUR25.3 million, which represents a net initial yield of 5.8 per cent. after accounting for purchase costs. The portfolio is expected to have […]
3i Infrastructure sells Wireless Infrastructure stake – 3i Infrastructure has agreed to sell its 93% stake in Wireless Infrastructure Group (“WIG”), the independent wireless infrastructure operator headquartered in the UK, to Brookfield Infrastructure. The sale values the company’s stake in WIG at approximately GBP387 million, compared to a valuation of GBP291 million at 30 September 2019. […]
BioPharma Credit funds Global Blood Therapeutics – BioPharma Credit has entered into a definitive senior secured term loan agreement with Global Blood Therapeutics, Inc. (Nasdaq: GBT) alongside BioPharma Credit Investments V (Master) LP. The company will invest up to US$82.5 million in two tranches and BioPharma-V will invest an additional US$67.5 million. Global Blood Therapeutics […]
International Public Partnerships gets another OFTO project – International Public Partnerships Limited (INPP) says that Transmission Capital Partners – the consortium comprising INPP, Amber Infrastructure and Transmission Investment – has been appointed as preferred bidder for the long-term license and operation of a further offshore transmission project (OFTO). The latest scheme, comprising the transmission cable connection […]
Syncona invests $80m in Freeline – Syncona has made a $80.0 million commitment in a Series C financing by Freeline and has funded the first tranche of this commitment, amounting to $40.0 million (GBP30.6 million). Syncona has a 79% fully diluted ownership stake in Freeline at the point full current commitments are invested. Freeline is progressing […]
In QuotedData’s other news 19 December 2019 GCP Student Living hopes to riase £75m from a placing of shares at 186p (a 10.4% premium to the EPRA NAV and a 6.3% discount to the current share price). The money would be used to help fund the purchase of Scape Canalside in Mile End, London. EJF Investments […]
Stenprop has agreed a deal to sell its largest asset, Bleichenhof in Hamburg, for €160.15m as it continues its transition to a fully-focused UK multi-let industrial (MLI) owner. The sale of the office and retail asset will see UK MLI asset rise to 56% of Stenprop’s portfolio, from 44.6%. The Bleichenhof property makes up around 21% […]
Another great year for Finsbury Growth – Finsbury Growth and Income’s net asset value total return per share for the year ended 30 September 2019 was 17.4%, matched by its share price total return. Both significantly outperformed the All-Share Index, which returned 2.7% over the same period. Dividends totalled 16.6p for the year, an increase of 8.5% but putting […]
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