Special dividend boosts Bluefield Solar – after delivering a good set of results for the year ended 30 June 2019, Bluefield Solar has decided to pay an extra 0.63p per share to investors, on top of the target 7.68p. The target for the current financial year is 7.9p (reflecting UK inflation of 2.88%). Over the […]
Three deals for Standard Life Investments Property Income – Standard Life Investments Property Income Trust has completed three deals. It sold an industrial unit in Milton Keynes for GBP9.3m, (slightly less than the value used in the end June NAV). The property was let to an envelope manufacturing company and the manager says that the sale […]
Symphony invests in eye health – Symphony International Holdings is making an investment in ASG Hospital Private Limited, a full service eye-healthcare provider with operations in India, Africa and Nepal. ASG was co-founded in Rajasthan, India in 2005 by Dr. Arun Singhvi and Dr. Shashank Gang. ASG’s operations have since grown to 33 clinics, which offer […]
In QuotedData’s other news 18 September 2019 – Standard Life Investments Property Income Trust (SLI) has announced its interim results for the six months ended 30 June 2019. During the period, SLI’s NAV total return was 2.7% for the period ended 30 June 2019, which was generated by like for like portfolio growth combined with profits […]
WeWork shelves IPO plan – WeWork has postponed its multi-billion IPO after failing to attract enough support from investors. The US co-working giant is now planning to complete its float by the end of this year. The move follows a call last week from its largest investor Softbank to shelve the listing. WeWork had aimed to […]
Gulf Investment Fund (GIF) has announced its annual results for the year ended 30 June 2019. During the year, GIF’s NAV per share rose by 12.7% to US$1.3504 which compares with a gain of 8.2% in the S&P GCC composite index and a fall of -1.40% in the MSCI Emerging Markets Index. Following a narrowing […]
Witan (WTAN) has announced that, following a review of its performance benchmark, it will tweak the allocation from January 2020. The effect be to give the benchmark a more global bias. In summary, the new benchmark will be 15% UK (FTSE All Share Index), which with previously 30%; and 85% Global (FTSE All World Index), […]
Safestay (SSTY) has announced that it has agreed to acquire the freehold of its fifteenth hostel, currently operating as ‘Best Western Glasgow City Hotel’, for £3.15 million. The property is freehold and, in the 12 months to 31 January 2019, generated revenues of £0.82 million. Completion of the acquisition is expected to take place on […]
Great Portland Estates (GPE) has announced that it has agreed a 82,000 sq ft flexible office partnership arrangement with Knotel at City Place House, 55 Basinghall Street, EC2. Knotel will operate the space until the building’s redevelopment in December 2021 and, together, GPE and Knotel will share the revenue generated by the businesses in occupation. […]
Warehouse REIT (WHR) has announced that it has purchased an eight asset fully-let portfolio of reversionary warehouse and distribution assets, from Aviva Investors, for £70 million. Producing an annual rent of £5.38 million, the purchase price reflects a net initial yield of just over 7%. An additional deferred payment of up to £5 million is […]
RDI REIT (RDI) has announced that it has exchanged contracts with Volksbank eG Braunschweig Wolfsburg to sell its Bahnhof Center in Altona, Hamburg for €91.0 million. The sale price reflects a net initial yield of 4.6% and a 9.6% premium to the 28 February 2019 market value. The Disposal is expected to complete on 31 December […]
Merian Chrysalis planning £100m+ capital raise – Merian Chrysalis, the UK-focused unquoteds investor, announced on 10 September 2019 that it intends to raise new capital under the its placing programme, to the amount of more than £100m in the form of new ordinary shares. MERI has now announced that the placing price will be 120p […]
P2P Global Investments changes name to Pollen Street Secured Lending – P2P Global Investments (P2P) announces that it has resolved to change the name of the company to Pollen Street Secured Lending plc, with immediate effect. The change in company name had been approved by the board and the company’s shares will trade under the new name on […]
Picton updates on portfolio activity – Picton has completed 20 asset management initiatives since its June net asset value (NAV) update. Progress has been made across all sectors including lettings, lease renewals, regears and rent reviews. These have a combined annual rent of £2.4m and were agreed on average 4% ahead of the June 2019 […]
BMO Commercial Property Trust reports interims in tough climate – BMO Commercial Property Trust (BCPT), formerly F&C Commercial Property Trust, has reported interim results to 30 June 2019. The company invests in a number of sectors, including industrial warehouses, office buildings, retail and student housing. The company also has the mandate to invest upto 15% of […]
In QuotedData’s other news 17 September 2019 – Civitas Social Housing, announced the appointment of Liberum Capital Limited as joint corporate broker to act alongside Cenkos Securities PLC, the company’s existing corporate broker. PRS REIT, the new build private homes investors, provided a trading update covering the two months to end-August 2019, since the end of its […]
Baillie Gifford Shin Nippon reports interims with sterling weakness boosting returns – Over Baillie Gifford Shin Nippon’s (BGS) interim results period to 31 July 2019, sterling-based investors benefited from the currency’s weakness against the Japanese yen, despite sluggishness in the Japanese equity market. The company’s NAV rose 15.3% compared to a 9.8% rise in the MSCI Japan […]
Primary Health Properties announces €70m secured note issue – Primary Health Properties (PHP), a leading investor in modern primary healthcare facilities in the UK and Ireland, has announced that a wholly owned subsidiary has issued new senior secured notes for a total of €70m at a fixed rate of 1.51% with a maturity of 12 years. The […]
Target Healthcare REIT has a good year – Target Healthcare REIT (THRL) has reported final results, covering the period to 30 June 2019. NAV total return for the year came in at 8.1%; on an annualised basis the number is 7.9% since launch. Annualised share price total return for the same period has been 8.2 per […]
In QuotedData’s other news 16 September 2019 – GCP Student announced confirmation from FTSE Russell that the company will be added to the FTSE 250 Index from 18 September 2019. AVI Japan Opportunity.released its first interim report since its launch in October 2018. In the few months since launch until the 30 June 2019, its NAV per […]
Adamas Finance Asia updates on its largest holding – Adamas Finance Asia (ADAM), the pan-Asian diversified investment company, has provided an update on its investment in Future Metal, which was previously known as Hong Kong Mining Holdings. ADAM holds an 85% shareholding in Future Metal, representing ADAM’s largest investment by value in the portfolio. ADAM […]
Custodian REIT pursues disposals to rejig portfolio – Custodian REIT (CREI), the UK property investment company, has announced the disposal of a property from its portfolio. It has sold a 39,279 sq ft city centre office and retail unit in Edinburgh for £9.1m, in line with the 30 June 2019 valuation, having acquired the property as part of a portfolio in January 2016. CREI says that following the disposal, net gearing has decreased to 21.1%. Commenting on the disposal Richard Shepherd-Cross, managing director […]
Biogen/Eisai discontinue BACE inhbitor in Alzheimer’s US-biotech Biogen and its Japanese partner Eisai have stopped two large Phase III studies of the investigational BACE (beta amyloid cleaving enzyme) inhibitor elenbecestat/E2609 for Alzheimer’s disease, after an interim safety review highlighted an unfavourable risk-benefit ratio. The move effectively marks the end of development of agents in this […]
In QuotedData’s other news 13 September 2019 – Crystal Amber’s results for the year ended 30 June 2019 show its NAV rising by 1.8% and an NAV total return of 4.1% (including income). The main positive was Leaf Clean Energy (after it won its court case), the detractors were holdings in Northgate and De La Rue. […]
Woodford Patient Capital slashes NAV again – Woodford Patient Capital says it will cut its NAV once again. This time by 4p per share. Bizarrely, the announcement doesn’t tell investors why. The statement says – “Link Fund Solutions Limited (“Link”), through its Fair Value Pricing Committee, is responsible for the valuation of the portfolio of […]
BioPharma lends up to $150m to OptiNose – BioPharma Credit will lend, alongside BioPharma Credit Investments V, up to $150m via senior secured notes issued by OptiNose US, Inc. BioPharma Credit’s share of the transaction will be up to US$82.5 million and its initial investment US$44.0 million. (BioPharma Credit Investments V (Master) LP is a private fund also […]
Supermarket Income REIT to raise £50m to grow portfolio – Supermarket Income REIT has announced its intention to raise £50m through a share placing and offer to fund new acquisitions. It has set the issue price at 102 pence per new ordinary share, a discount of 5.1% to the closing price of 107.5 pence per existing ordinary share […]
Phoenix Spree Deutschland agrees new €240m loan facility – Phoenix Spree Deutschland, the UK listed investment company specialising in Berlin residential real estate, has completed a new €240m loan facility. The new facility was agreed with Natixis Pfandbriefbank AGand comprises of two tranches, one being for €190m and the other for €50m. The refinancing follows a […]
Workspace Group makes double London sale – Workspace Group has sold two London offices for a combined total of £34.75m. It has exchanged contracts to sell Vestry Street Studios, in Shoreditch, and Alexandra House, in Wood Green, at a 20% premium to the 31 March 2019 valuations. Vestry Street Studios, near Old Street, is a […]
NewRiver and Pimco JV buys retail park for £44.7m – NewRiver REIT has acquired a retail park in Poole, Dorset, for its new joint venture with Pimco. The JV, with Pimco’s BRAVO Strategies III fund, has exchanged contracts to buy the Poole Retail Park from LS Poole Retail for £44.7m, reflecting a net initial yield […]
