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 […]
Hansteen Holdings has agreed terms to sell the company to Blackstone for £500m. Under the terms of the deal, Hansteen shareholders will receive 116.5p a share, which represents a 10.3% premium to yesterday’s closing price and an 18.1% premium to the average price for the last three months. It also reflects an 11.6% premium to the […]
SDCL Energy Efficiency Income (SDCL) has announced a £40m placing at 104p per share. The placing price represents a discount of approximately 5.5% SDCL’s closing price on 17 December 2019 of 110p per share, and a premium of approximately 5.1% to the trust’s NAV per share of 99.0p as at 30 September 2019. The placing was announced after […]
Shaftesbury has pre-letted almost 50% of the office space at its 72 Broadwick Street redevelopment in Carnaby Street to American fitness and lifestyle brand Equinox. The group has entered into an agreement to let 32,000 sq ft of space at the 66,000 sq ft building. It is expected the space will be handed over for fitting out […]
This tortoise is no slouch – Ecofin Global Utilities and Infrastructure is to change its name to Tortoise Global Infrastructure (adopting the name of its manager and reflecting the AIC’s decision to change the name of the utilities sector to infrastructure securities). This announcement coincides with the publication of its annual results for the year […]
Hipgnosis buys Snow Patrol guitarist catalogue – Hipgnosis Songs Fund Limited has acquired a music catalogue from songwriter, producer and Snow Patrol keyboardist Johnny McDaid. Johnny has co-written songs with Ed Sheeran, Pink, Shawn Mendes, Robbie Williams and Snow Patrol that have streamed over 20 billion times and earned over 600 platinum awards and 14 diamond […]
In QuotedData’s other news 18 December 2019 Sun Life Financial has bought a majority stake in Infrared Capital Partners, the investment adviser to HICL Infrastructure and The Renewables Infrastructure Group. This won’t have any impact on the day-to-day running of the funds. Infrastructure India has maxed out its $105m borrowing facility, borrowing another $30m to develop […]
Phoenix Spree buys Brandenburg apartment complex – Phoenix Spree Deutschland Limited has notarised on an apartment complex in Brandenburg. The property is a former barracks, comprising 259 residential units, one commercial unit and 210 parking spaces. It was redeveloped in 2018/2019 and benefits from efficient floor plans and new build technical standards. Highlights: Property located […]
Hadrian’s Wall increases loss provision – Hadrian’s Wall Secured Investments says that as at 31 October 2019 its NAV was 81.54 pence. This includes an additional provision of £2.89m (equivalent to 2.02p per share) to the company’s general loss reserves. Update on Biomass Optimum Fuels Limited (“BOFL”) and Biomass Premium Fuels Limited (“BPFL”) Whilst the investment […]
Sirius Real Estate, which operates business parks across Germany, has completed the acquisition of Alzenau Business Park, 34km east of Frankfurt am Main, for €44.5m. The business park comprises eleven buildings constructed between 1985 and 2002 providing a total of around 60,000 sqm of lettable space and was bought ar a net initial yield of […]
Great year for JPMorgan Chinese – for the year ended 30th September 2019, and in volatile market conditions, JPMorgan Chinese achieved a 16.0% total return on net assets and a 19.4% return to shareholders. This compares to the return of 1.7% for its benchmark index, MSCI China. The enhanced dividend initiative announced earlier this month is […]
Hipgnosis continues its acquisition spree with the purchase of a catalogue from Brendan O’Brien. Hipgnosis Songs Fund Limited has acquired a music catalogue from three time Grammy Award winning producer, mixer, engineer, and musician Brendan O’Brien, who has produced 17 US Number 1 albums. Brendan O’Brien has worked with Bruce Springsteen, Red Hot Chili Peppers, […]
Primary Health Properties in Bolton buy – Primary Health Properties has acquired a standing let investment property situated in Bolton and has also contracted with a developer to fund the development and acquisition of a purpose-built primary care centre in Banagher, Co. Offaly, Ireland. The Waters Meeting Health Centre, Bolton, is a property comprising of 2,295m(2) […]
In QuotedData’s other news 17 December 2019 Tritax Big Box REIT has reached an agreement to extend the termination date in respect of GBP300 million of its GBP350 million unsecured revolving credit facility, from 10 December 2023 to 10 December 2024. The maturity date of the residual GBP50 million will remain 10 December 2023. This extends the company’s […]
JPMorgan Asian outperforms again – over the year to 30th September 2019, the trust’s return on net assets was +7.9%, representing an outperformance of 5.7 percentage points over its benchmark, the MSCI AC Asia ex Japan Index, which returned +2.2% in sterling terms. The return to shareholders was +10.9%, reflecting a narrowing of the discount […]
BioPharma Credit loan to Sarepta, as FDA approves Vyondys BioPharma Credit (BPCR), the LSE-listed life sciences debt investor, is to extend a loan of up to $350m to the US listed biotech, Sarepta Therapeutics (Nasdaq: SRPT), as part of a $500m senior secured term loan arranged by its manager Pharmakon Advisors, with the remainder provided […]
Aberdeen Standard European Logistics Income (ASLI) has signed an agreement to acquire a logistics warehouse in the Netherlands for €49.9m. The group has bought a 43,000 sq m facility in Den Hoorn at a net initial yield of 4.5%. The transaction is expected to close in January 2020. The newly built facility, which is located within the Randstad […]
In QuotedData’s other news 16 December 2019 – Gresham House Energy Storage (GRID) acquired two operational battery storage facilities totalling 50MW from VLC Energy, a joint venture between Low Carbon and VPI Immingham a subsidiary of Vitol Group, for £29.2 million. The facilities comprise a 40MW facility at Glassenbury, Kent, and a 10MW facility at […]
Schroder AsiaPacific says situation in Hong Kong remains of concern – Schroder AsiaPacific (SDP) delivered an NAV total return of +1.8%, which was slightly behind the benchmark which rose +2.2%. Key positives were stock selection in Taiwan and Korea, while non-index exposures to Australia and the Netherlands also added value. Stock selection in India was also strong, […]
