This sector includes mortgage companies, property management companies and REITs
In QuotedData’s morning briefing 8 February 2022, the big news is a planned merger between TwentyFour Income and UK Mortgages. However, we also have: Scottish Investment Trust (SCIN) says its portfolio has now been realigned with that of JPMorgan Global Growth and Income (JGGI), ahead of the merger of the two funds. Trading in Yew […]
In a lettings update, central London office owner and developer Great Portland Estates has announced it has broken its leasing record for the financial year to March 2022 – with almost two months to go. The group said that it had signed 460,900 sq ft of new lettings since the start of the financial year […]
Here it is, the first potential investment trust launch of 2022. And it is certainly an interesting one. Gravis Capital Management made an intention to float announcement this week for GCP Co-Living REIT, looking to raise £300m. The new trust will acquire three assets that are transferring out of the Co-living Group. This is the […]
In QuotedData’s morning briefing 4 February 2022: Jupiter Emerging & Frontier Income Trust (JEFI) has announced that its Fund Manager, Ross Teverson, has recently increased his personal shareholding in the Company to 1,134,000 ordinary shares, representing 1.90% of JEFI’s total voting rights. [QD comment: We are pleased to see Ross Teverson further aligning himself with […]
In QuotedData’s morning briefing 3 February 2022: Gravis Capital Management plans to launch a new company GCP Co-Living REIT Plc which will acquire three assets that are transferring out of the Co-living Group. Readers may recall that Co-Living Group was a problem investment within the GCP Asset Backed Income (GABI) portfolio. The new REIT has […]
British Land has exchanged contracts to acquire three warehouses in Wembley for £157m, as it continues to build its urban logistics exposure. The three warehouses comprise over 245,000 sq ft on a 12.5 acre site and are fully let to Amazon, Euro Car Parts and the North London Waste Authority generating an annual income of […]
In QuotedData’s morning briefing 1 February 2022: Augmentum Fintech (AUGM) published an update on its portfolio. One interesting fact is that, while publicly listed fintech companies have fallen from an average 15.2x revenue at end June 2021 to 9.2x revenue in recent months, AUGM’s portfolio is valued on 4.2x. Over the second half of 2021, […]
In QuotedData’s morning briefing 27 January 2022: ICG Enterprise Trust (ICGT) is investing in Brooks Automation alongside funds advised by Thomas H. Lee Partners. The trust has an investment in THL Fund IX and will have exposure to the deal that way, but it will also make a direct investment in Brook Automation. Altogether – […]
Home REIT has now fully deployed the £350m it raised in September 2021, with £55.1m of new acquisitions. The company has announced the acquisition of 240 additional properties, providing 880 beds for homeless people, bringing the portfolio total to 7,953. The properties were acquired at a weighted average net initial yield of 5.9% and are […]
In QuotedData’s morning briefing 25 January 2022: JPMorgan European has secured permission from investors to merge the growth (JETG) and income (JETI) share pools. The unification will create a single class of ordinary shares, which will each have an NAV of 100p as determined at 5:00 p.m. on 31 January 2022. The resulting number of […]
In QuotedData’s morning briefing 20 January 2022: Fondul Proprietatea (FP.) has sold 2,275,000,000 shares that it held in the Romanian energy business, OMV Petrom. The deal was done using an accelerated bookbuild offering at RON0.43 /share. The gross proceeds were RON978,250,000 (£164.8m) and will be used to fund the buyback programme and the payment of […]
LXi REIT is looking to raise £125m in a proposed issue of new ordinary shares through a subsequent placing, open offer, offer for subscription and intermediaries offer under its share issuance programme. The group will target the issue of 88,261,608 new shares at an issue price of 142 pence, representing a premium of 2.9% to […]
In QuotedData’s morning briefing 18 January 2022: TR European Growth Trust (TRG) is changing its name. With effect from 17 January 2022, the trust is now The European Smaller Companies Trust. The ticker will change to ESCT from tomorrow. [And so a chapter of investment trust history edges closer to closure. The TR (short for […]
BMO Commercial Property Trust has bought two logistics assets for £66m and committed to two developments within its existing portfolio at a cost of £10.5m. These initiatives are in line with the group’s strategy of recycling capital into the industrial and logistics sector and follows the sale of its second largest asset – Cassini House, […]
Tritax EuroBox has completed the acquisition of the land and agreed to fund the development of a 17,832 sqm prime logistics asset in Sweden for SEK 402m (€39.4m). The asset is situated adjacent to the 13,181 sqm development opportunity in Rosersberg in Sweden acquired by the company in September 2021, and is being acquired at […]
In QuotedData’s morning briefing 13 January 2022: Polar Capital Technology (PCT) is cutting its management fee from 1 May 2022. The tiering of the base fee has been simplified and lower rates agreed. The impact of this change is to reduce the blended ongoing management fee at current asset levels from 0.81% to 0.75%. The […]
Abrdn European Logistics Income (ASLI) has launched a placing under its share issuance programme to fund its near-term €142m pipeline of investments. The group, which has recently deployed the £125m it raised in September 2021 on the acquisition of a logistics portfolio in Madrid, said the placing price will be 110 pence per share, a […]
LondonMetric Property has acquired a long let cold storage and logistics warehouse development for £53.4m. The 300,000 sq ft building is pre-let on a 25 year lease to AM FRESH GROUP, an international agri-tech company that supplies the majority of UK supermarkets with a range of items including fruits, plant-based fresh goods and flowers. The rent […]
In QuotedData’s morning briefing 11 January 2022: The redemption price for investors that asked to redeem their India Capital Growth (IGC) shares will be 126.2613p per share. Payment is expected on or before 21 January 2022. Dunedin Income & Growth (DIG) says that Samantha Brownlee and Rebecca Maclean, both investment directors and senior members of […]
With the rise in the cost of living dominating investment thoughts for 2022, what will be the likely impact on consumer spending habits and the funds that could benefit? Energy bills soaring and inflation at 5.1%, combined with a tax hike this year, means less money in the pocket and less spend at the tills. […]
In QuotedData’s morning briefing 6 January 2022: Aberdeen Standard European Logistics Income has changed its name to abrdn European Logistics Income with effect from 5 January. The ticker will still be ASLI. We also have news of a couple of new investments by Hg Capital and NextEnergy Solar
Irish Residential Properties REIT (IRES) has acquired 152 residential units in Dublin for €66m, which will be funded from existing credit facilities. The acquisitions include completed apartments as well as a forward commitment to purchase a new development currently under construction in Ashbrook, Clontarf, Dublin 3. Completed apartments (108 apartments) The company has exchanged contracts to […]
Supermarket Income REIT has continued its acquisition push following its recent equity raise with the purchase of two supermarkets – a Sainsbury’s in Washington, Tyne and Wear, and an Asda in Cwmbran, South Wales – for £55.1m, reflecting a combined net initial yield of 5.3%. The company has also announced an increase to its revolving […]
In QuotedData’s morning briefing 5 January 2022: Round Hill Music Royalty (RHM) has acquired a significant share of the master artist royalties and entered into a long-term agreement to administer the neighbouring rights income of the catalogue of Nancy Wilson, of the band Heart. The catalogue includes the number one hit “These Dreams” that was […]
In QuotedData’s morning briefing 4 January 2022: Foresight Solar Fund (FSFL) has taken its holdings in the Oakey 1 (30 MW) and Longreach (17 MW) solar farms in Queensland, Australia up to 100%. The fund bought a 49% stake in each farm in December 2017 and has acquired the remaining 51% in each from Canadian […]
In QuotedData’s morning briefing 31 December 2021: International Biotechnology Trust (IBT) will invest in SV Health Investors (the manager)’s forthcoming biotechnology focused private fund, SV Biotech Crossover Opportunities Fund LP. The trust tries to keep its exposure to unquoted stocks between 5% and 15% of its portfolio. Murray International (MYI) says that, with effect from […]
In QuotedData’s morning briefing 30 December 2021: Secure Income REIT (SIR) is paying £33.45m in cash to Merlin Entertainments Limited, and in exchange Merlin has agreed it will extend the lease terms in respect of Alton Towers, Thorpe Park, Warwick Castle and Heide Park, Germany by 35 years, from 20.5 years currently, to 55.5 years […]
In QuotedData’s morning briefing 29 December 2021: Round Hill Music Royalty Fund (RHM) has acquired a significant share of the publishing rights of Niko Moon, the American country singer/songwriter (pictured). The catalogue comprises 29 compositions, including songs performed by Zac Brown Band, Avicii, and Sir Rosevelt, and includes the number one Zac Brown Band hits […]
Each week, our analysts use the ‘QD view’ articles to highlight interesting developments within the investment companies and real estate sectors. Reading back through the views of 2021, there are some constants – the pandemic, renewable energy, and the extraordinary diversity of new issues for example – but you can also trace the emergence of […]
In QuotedData’s morning briefing 24 December 2021: Octopus Renewables Infrastructure Trust (ORIT) has completed its purchase of two onshore wind farms in Finland for about €140m. The Saunamaa and Suolakangas wind farms have a combined installed capacity of 71.4MW, and are in the final stages of commissioning, but the risks associated with the residual construction […]
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