Aquila European Renewables Income Fund (AERS) has announced that Tesseract Holdings Limited, its fully owned subsidiary, has entered into a share purchase agreement (“SPA”) to acquire 100% of a Spanish solar PV construction project (Albeniz), along with an interest in the shared substation. The acquisition is structured as an unlevered investment. The Company’s estimated total […]
In QuotedData’s Morning Briefing 4 December 2020: Downing Renewables & Infrastructure Trust (DORE) has successfully raised gross proceeds of £122,500,000 in its IPO at an issue price of 100 pence per Ordinary Share. QuotedData wrote an IPO note on the company – click here to read – which will look to provide sustainable income streams, with […]
Tritax EuroBox will acquire assets earlier in the development process as it refines its acquisition strategy to a more value-add approach. The company said the move would “support the delivery of secure and attractive dividends and capital growth for shareholders”. As well as buying sites at an earlier stage in their development, it will also […]
St Modwen Properties has continued to ramp up development of industrial and logistics assets, as it looks to take advantage of occupier demand in the sector. In a trading update this morning, the company said it had completed 1.2m sq ft of developments in the sector this year, an increase on the 0.9m sq ft […]
Hg invests in Benevity – Hg, the manager of HgCapital Trust has announced an investment in Benevity, Inc., a global leader in global corporate purpose cloud software. The terms of the transaction were not disclosed and closing of the transaction is subject to regulatory approvals which are expected in January 2021. HgCapital Trust will invest approximately £27.3m, […]
Derwent London sells Johnson Building – Derwent London has exchanged contracts to sell its 192,700 sq ft freehold interest in Johnson Building, 77 Hatton Garden and 5-7 St Cross Street EC1 to Eurazeo Patrimoine, the real assets division of Eurazeo. The headline price is £170m before rental top-ups of £2.4m for incentives and vacant space. The […]
Golden Prospect subscription shares exercised – Golden Prospect Precious Metals Limited says that the subscription trustee has exercised all of the 10,336,782 outstanding subscription share rights (the rump of subscription shares that hadn’t been taken up by subscription share holders). The ordinary shares that arose from the exercise of the rump have been sold by finnCap […]
In QuotedData’s morning briefing 3 December 2020: Jupiter UK Growth’s board has agreed in principle to a voluntary winding up of the company and the offer of cash or a rollover into an open-ended UCITS fund, the Brown Advisory Global Leaders Fund. The rollover fund’s investment objective is to achieve capital appreciation by investing primarily in […]
Tritax EuroBox has acquired an asset in Belgium for €31.2m, bringing the group to full deployment of equity and debt. The newly built 34,125 sqm logistics facility in Nivelles, south of Brussels, comprises two units (one of 18,140 sqm and the other 15,985 sqm) and will be bought from Logistics Capital Partners, a European developer and […]
Residential Secure Income REIT (RESI) has published its annual results for the year ended 30 September 2020 in which it shows resilience in its performance. The announcement provides a summary of the key highlights in a number of areas, and these are reproduced below. Financial highlights – Resilient performance from existing portfolio Robust performance through […]
In QuotedData’s morning briefing 2 December 2020: BlackRock Throgmorton (THRG) has published a circular and issued a notice of a general meeting meeting to be held on 18 December 2020. The trust has been very successful in issuing shares since the authority was last given to the board to do so at the company’s AGM […]
Custodian REIT posted a 6.3% drop in net asset value (NAV) in interim results today as the COVID-19 pandemic continued to impact its portfolio. The company reported a NAV per share of 95.2p (March 2020: 101.6p), after a 5.1% fall in the value of its property portfolio during the six months to the end of […]
Sirius buys Nuremberg business and industrial park – Sirius Real Estate has notarised the acquisition of a multi-tenanted business park in Nuremberg for a total acquisition cost of €13.7 million, reflecting an EPRA net initial yield of 7.1%. The purchase will be funded from existing cash resources, with completion expected in January 2021. Sirius is acquiring […]
Alternative Income REIT buys retail park – Alternative Income REIT has exchanged contracts to acquire the Droitwich Spa Retail Park for £4.75m, in an off market transaction. The price represents a discount to replacement cost and reflects a net initial yield of 7.95%. This is the first deal that the trust has done led by its […]
Invesco Income Growth plans merger with IP Select – The board of Invesco Income Growth Trust has agreed heads of terms with the board of Invesco Perpetual Select Trust for a merger. The scheme would be effected by way of a scheme of reconstruction under Section 110 of the Insolvency Act 1986 and a voluntary winding […]
In QuotedData’s morning briefing 1 December 2020: Polar Capital Global Financials says that George Barrow has been appointed as joint fund manager of the trust, alongside Nick Brind and John Yakas. George joined Polar Capital in September 2010 and has over 10 years’ experience analysing Europe, Asia and emerging markets. Prior to joining Polar Capital, he […]
New IPO – Intuitive Investments – Intuitive Investments Group, a closed-end investment company focussed on the life sciences sector, announces its intention to seek admission of the entire issued and to be issued ordinary share capital of the company to the AIM market of the London Stock Exchange, and a conditional placing of 37,500,000 new ordinary […]
Civitas Social Housing has posted a solid set of interim results in which most metrics saw positive moves. Its IFRS net asset value (NAV) per share nudged up slightly to 108.01p in the six months to the end of September (March 2020: 107.87p). The group’s property portfolio was valued at £898.5m, up 6.77% on last […]
Gresham House Energy Storage completes Wickham project – Gresham House Energy Storage Fund has completed its investment in the 50MW battery project located near Wickham Market, Suffolk. Wickham follows GRID’s recent acquisition of the Thurcroft project (pictured) and was acquired for a total enterprise value of £32.75m (plus up to £0.75m of deferred contingent consideration). Wickham is a battery-only site […]
Custodian REIT buys Derby industrial units – Custodian REIT has acquired four industrial units covering an aggregate 23,250 sq ft on Hilton Business Park, Derby, one mile from the A50 which connects the M1 and M6. The units are occupied by M P Bio Science, Shakespeare Pharma and Jangala Softplay with a weighted average unexpired term to […]
In QuotedData’s morning briefing 30 November 2020: The Renewables Infrastructure Group raised £200m from its placing last week, and plans to issue 160m shares. The issue was oversubscribed. Technically, it might still not happen as the issue was done on the expectation that shareholders approve the issue of these shares at an EGM to be held […]
QuotedData’s weekly news show 27 November 2020 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: Schroder British Opportunities IPO Nippon Active Value’s plan to bid for a company CC Japan’s plan to issue […]
It is that time of year again – Black Friday. The US export has quickly become one of the biggest shopping days in the UK. But with shops closed due to lockdown, it will almost entirely take place online this year. It is estimated that £6bn will be spent on Black Friday this year versus […]
Thanks to everyone that tuned into the ‘E’ for environmental day of our ESG conference this week. If you missed it, you can listen back to presentations by the AIC, Bluefield Solar, SDCL Energy Efficiency and Jupiter Green here. Next Tuesday it is the turn of ‘S’ for Social. The line-up for the social day […]
Invesco Enhanced Income (IPE) has announced its annual results for the year ended 30 September 2020, during which the board has prioritised revenue generation through investment in relatively high-yielding and considered debt positions, reflecting its view that In the current economic and market environment, shareholders place great value on IPE’s consistent dividend stream. During the […]
In QuotedData’s morning briefing 27 November 2020: HarbourVest Global Private Equity (HVPE) has announced its interim results for the six-months ended 31 July 2020. During the period, HVPE’s NAV per share increased by 2.2% to $28.18 (31 January 2020: $27.58), which the company says is an outperformance of FTSE All World Total Return Index of 2.3% […]
NewRiver REIT reported another drop in the value of its portfolio but said it intends to pay a full year dividend in 2021. The group saw its EPRA net tangible assets (NTA) per share drop from 201p in March to 171p in September, mainly due to an 8.2% valuation decline in its portfolio to £1,058m. Pre-tax […]
LXi buys store portfolio – LXi REIT reports the acquisition of 11 foodstores and two discount stores from five different vendors/developers for a total cost of £61m. The stores have been acquired at an average net initial yield of 5.7% (net of acquisition costs) and with a strong and diversified tenant base in the form of Aldi, […]
CC Japan plans subscription share issue – CC Japan Income & Growth Trust says that it is considering a bonus issue of subscription shares to existing shareholders, on the basis of one Subscription Share for every five ordinary shares held. The company intends to publish a prospectus and circular in connection with the bonus issue in […]
Aberdeen Standard Equity Income hit hard by COVID – Aberdeen Standard Equity Income reports an NAV return of -25.7% for the year ended 30 September 2020 and a share price return of -29.4%. These compare to a return on the All-Share of -16.6%. Revenue per share fell from 21.7p to 15.6p (dividends distributed by companies in […]
