Murray International has agreed a new GBP30 million loan facility with the Royal Bank of Scotland International Limited which was drawn in full on 16 May 2019 and fixed for five years at an all-in rate of 2.25%. The new facility has, in part, been used to repay a maturing GBP15 million loan (also with the […]
Urban Logistics REIT has announced that it has sold a site located on Postley Road, Bedford for £9.2 million “realising a Total Property Return of 74%”. (The company defines total property return as capital growth plus net rental income plus sale profit expressed as a percentage of the purchase price. It says that it will […]
Regfional REIT mulls fundraise – In a very short announcement entitled “Growth Opportunities Under Consideration”, Regional REIT has said that it is “it is considering an equity fundraise to take advantage of its growing near-term pipeline of opportunities in the investment market. The funds would be deployed in line with its investment policy with a […]
Scottish mortgage posts double digit returns and raises over £400m – Scottish Mortgage (SMT), the £7.7bn market cap global growth trust, reported another strong set of annual results (to March 31, 2019) earlier today. Total return NAV was up 14.6% while the shares rose 16.5%. SMT holds a number of companies in the technology space […]
BBGI SICAV (BBGI), the global public private partnership (PPP) infrastructure investment company, announced that it had completed the acquisition of a further 33.3% equity interest in the Ohio River Bridges – East End Crossing PPP Project and now owns 66.6% of the equity in the project. The project is a large-scale availability-based infrastructure project that […]
Tritax Big Box gets green light for new distribution centre – The UK-focused logistics investor, Tritax Big Box REIT (BBOX), has received planning permission for the development of a new regional distribution centre (RDC) at Symmetry Park, Biggleswade. The facility has been pre-let to The Co-op Food Group, part of The Co-operative Group. Co-Op Group […]
RDL Realisation announced that Deloitte LLP has confirmed that valuation work required to finalise the audit is substantively complete. RDL now expects to publish its annual accounts for the financial year ending on 31 December 2018 by 28 May 2019. The shares remain suspended. Regional REIT has announced a number of new lettings. TwentyFour Income Fund […]
British Land NAV drops on retail woes – British Land has published results covering the year to the end of March 2019. Highlights are: EPRA NAV down 6.4% at 905p, with buybacks contributing 10p Portfolio value down 4.8%; Retail down 11.1%, Offices up 1.1% and developments up 10.8% Underlying EPS down 6.7% to 34.9p due primarily […]
Feedback from Civitas Capital Markets Day – Civitas held its Capital Markets Day yesterday and, as promised, here are a few comments from us. We’ll incorporate most of this, with more detail, into our next research note on the company. First, the presentations (which were only open to professional investors) were well attended. There seems to […]
FastForward Innovations has announced that it has sold part of its stake in Vemo Education Inc. for a cash consideration of US$442,235.33. FastForward has sold its Series seed-1 preferred holding of 2,527,059 shares and is left with a holding of 1,000,000 Series seed-2 preferred shares (0.47% of Vemo). The series 2 share class enjoys significantly preferential […]
Land Securities writes down retail investments – Land Securities has published results for the year ended 31 March 2019. Highlights are: EPRA Net asset value down 4.6% to 1,339p Like for like rental income up 1.9% Adjusted and diluted earnings per share up 12.4% to 59.7p. Dividend per share of 45.55p (up 3.1%) The return […]
Duke Royalty boosts near-term revenue – Duke Royalty has secured changes to the terms of three agreements which will increase near term revenues for the company. Royalties from Welltel (Ireland) Limited, a telecommunications services company, media company Pearl & Dean Cinemas Limited, and Xtremepush, a technology solutions company, were all acquired via Duke’s recent Capital Step […]
Oakley buys Videotel and Seagull – Oakley Capital Investments says that its Fund IV has partnered with the management teams of SG MidCo AS (“Seagull”), and Videotel Marine Asia Limited and Super Dragon Limited (collectively “Videotel”), to acquire majority stakes in the businesses from their current shareholders Herkules Private Equity Fund IV and KVH Industries. Over […]
QuotedData joins the line-up for the Mello Investor Show 2019, building on the success of the Master Investor Show, which welcomed thousands of investors. Marten & Co’s private investor arm, QuotedData, is very pleased to be participating in this year’s Mello investor show, which takes place this week in Chiswick on Wednesday 15th May. The […]
Private investor events for Investment Companies – QuotedData joins the line-up for the Mello Investor Show 2019 QuotedData is very pleased to be participating in this year’s Mello investor show which takes place this week in Chiswick on Wednesday 15th May. The event includes presentations, workshops, panel sessions and keynote speakers. QuotedData is joining the event […]
Starwood European Real Estate Finance (SWEF) has this morning announced that it has raised £40m in an ordinary share placing. The placing was announced on May 7, which we covered here. Sirius Real Estate, a leading operator of branded business parks providing conventional space and flexible workspace in Germany, has completed the acquisition of Buxtehude […]
GCP Student Living raising capital for new London build – GCP Student Living (DIGS) is to raise capital through an ordinary share placing, which will be directed towards financing the purchase of Scape Canalside, a new-build asset located immediately adjacent to Queen Mary University of London and in the same locality as the company’s existing […]
Civitas NAV rises in first quarter – the following announcement was released at 7:00am this morning “The Board of Civitas Social Housing PLC (“Board”), a leading London listed Real Estate Investment Trust (“REIT”) dedicated to investing into regulated social housing in England and Wales, is pleased to announce its quarterly net asset value (“Net Asset […]
AIC sector review To make it easier to compare similar funds, the Association of Investment companies (AIC) classifies its members into sector categories. To do this, it takes into account the aim and objective of the company and its investment policy. The idea is to allocate funds to sectors for the long-term and to avoid […]
Hipgnosis buys catalogue from Dave Stewart – Hipgnosis Songs Fund has acquired a music catalogue from David A. Stewart. David A. Stewart is an English musician, songwriter, and record producer, best known for Eurythmics, his successful partnership with Annie Lennox. Hipgnosis has acquired 100% of David A. Stewart’s copyright interest in his catalogue, comprising 1,068 songs in […]
Civitas comments on BeST ruling – The Regulator of Social Housing issued a judgement on Bespoke Supportive Tenancies Limited (“BeST”), which provides accommodation for vulnerable adults from various client groups including adults with learning disabilities, physical disabilities, sensory impairment, mental health needs, mothers fleeing domestic abuse and adults who are homeless. BeST is one of the […]
JZ Capital Partners (JZCP) reported annual results covering the period to February 28, 2019. The company, which mainly invests in US and European microcap companies and US real estate, delivered an NAV return of +0.6%. David Zalaznick, JZCP’s co-founder and investment adviser, said: “We are pleased with the continued strong underlying performance of the US and European microcap […]
Edinburgh Dragon picks some winners in China while Korea and India lag – Edinburgh Dragon Trust (EFM) has reported half-year results this morning, covering the period to Ferbruary 28, 2019. Total return NAV was down 1.1% and the share price up 1.2% in the comparison period to August 31, 2018. Moutai a highlight EFM’s chairman, […]
HgCapital to invest in B2B platform Litera Microsystems – The private equity trust, HgCapital (HGT), has this morning announced that it is investing in Chicago-based Litera Microsystems (Litera), a provider of end-to-end document lifecycle solutions to the legal and life sciences industries worldwide. HGT will invest approximately £32.1m in Litera (terms have not been disclosed […]
Syncona’s Blue Earth gets good results in prostate cancer diagnosis – Syncona has a large stake in Blue Earth Diagnostics. Blue Earth has been testing its prostate cancer diagnosis at a university hospital in Germany. The test (a radiohybrid PSMA-targeted agent, rhPSMA-7) for high-risk primary and recurrent prostate cancer was bought by Blue Earth in […]
Starwood European looks to raise £40m – Starwood European Real Estate Finance (SWEF) has announced a new ordinary share placing with a target raise of £40m at a price of 104.8 pence per placing share. SWEF’s shares have closed most of the discount to NAV that came about in late 2018 on the back of […]
Polar Capital Global Financials Trust (PCFT) has announced that Mr. Simon Cordery has been appointed as an independent, non-executive director, with effect from 1 July 2019. Mr. Cordery has considerable and detailed knowledge of the investment trust industry and remains actively involved with the Association of Investment Companies. A resolution proposing the election of Mr. […]
QuotedData’s other news 3 May 2019 Standard Life Investments Property Income reported an increase in its NAV for the first quarter of 2019 – up 0.1% to 91.1p, with the dividend that works out as a NAV total return of 1.4%. The benchmark fell over the period. A clutch of new lettings helped the company […]
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