NewRiver REIT agrees to run Canterbury shopping centre – NewRiver REIT (NRR) has announced that it has signed an asset management agreement with Canterbury City Council for the asset management of Whitefriars Shopping Centre. Implementing a new strategy NewRiver announced in May 2018 that it would become more involved in the running and managing of properties. Known as […]
AEW Long Lease invests in units in Kent – AEW UK Long Lease REIT (AEWL) has announced that it has purchased two industrial buildings on the Eurolink Industrial Estate, Sittingbourne for £3.9m. The purchase reflects a net initial yield of 6.3%. AEW is targeting an annual dividend of 5.5 pence per share paid quarterly, with an ambition to grow in line […]
Riverstone Energy secures a commitment of up to C$300M – The largest holding of Riverstone Energy Limited (RSE) is Hammerhead Resources. It represents 26.9% of Riverstone’s gross assets as of 30 June 2018. Hammerhead Resources has announced that it has secured from Riverstone Holdings LLC, a preferred share equity commitment of up to 300 million Canadian dollars […]
AEW UK Long Lease REIT reports a successful first year – AEW UK Long Lease REIT (AEWL), which directly owns a diversified portfolio of commercial investment properties, predominately in the alternative property sectors, has published its annual report and financial statements for the period of 18 April 2017 to 30 June 2018. On 6 June 2017, the company’s shares began […]
Stafford tops up Phaunos bid but is it enough? – we have a new development in the ongoing saga that has enveloped Phaunos Timber Fund. In response to the announcement of a potential new offer for the trust from Catchmark Timber, Stafford Capital Partners have upped their bid to $0.52 per share. This is still well short […]
Triple Point Social Housing joins the queue for extra cash – Triple Point Social Housing REIT has just published its interim accounts. Things seem to be on the right track, it has announced that its EPRA NAV has risen to 101.61p (as at the end of June 2018) from 100.84p (as at the end of 2017) and […]
RDI REIT completes on two transactions – RDI REIT has announced that it has completed a forward funding agreement to acquire two high quality distribution units in Bicester The company has also announced that it has completing the disposal of the Lochside office in Edinburgh. These transactions are in line with RDI’s strategy of recycling capital out of […]
Ruffer reports returns in line with its objective – Ruffer Investment Company (RICA) has released its annual report for the year ended 30 June 2018. The NAV of the company rose by 0.8% on a total return basis. The target return for the twelve month period to the end of June was 0.8%. Without its dividend of 1.8p per […]
Greencoat Renewables agrees to acquire four wind farms in Ireland – Greencoat Renewables (GRP) has agreed to acquire the majority of Coillte’s shareholdings in its portfolio of operating wind generation assets, for a total consideration of €136.1 million. The investments total a net generating capacity of 105.1MW, taking Greencoat Renewables’ total installed capacity to 299MW. About Coillte Coillte […]
John Laing Environmental Assets launches a Placing, Offer for Subscription and Intermediaries Offer – John Laing Environmental Assets Group (JLEN) is targeting an issue of £50 million through the issue of new ordinary shares at a price of 102 pence per share. The issue price of 102 pence per share represents a premium of 2.4% to the last published NAV as […]
Unite disposes of 14 properties for £180.5 million – Unite Students (UTG) has announced the unconditional exchange of contracts for the disposal of 14 properties, comprising 3,436 beds for £180.5 million, of which Unite’s share is £84.7 million. The properties are being sold to Singapore Press Holdings and completion is due later in September 2018. The purchase […]
Miton Global Opportunities to put three proposals to shareholders – Miton Global Opportunities (MIGO) has announced that it will put three proposals before shareholders at a general meeting to be held on 5 October 2018 at 11.45 a.m. The proposals are: Change the company’s articles Change the Articles so that the form of the Realisation Opportunity currently contemplated can […]
Residential Secure Income invests in retirement homes portfolio – Residential Secure Income (ReSI), which is a REIT that invests in residential asset classes that comprise the stock of UK social housing providers, has announced that it has exchanged contracts to acquire a 478 property retirement homes portfolio. The seller is Places for People, an housing associations. The transaction The consideration is […]
Augmentum Fintech invests in residential rent-to-own specialist – Augmentum Fintech (AUGM) has announced that it has invested £2.5 million in a UK-based residential rent-to-own specialist called Unmortgage This was part of a £10 million fundraising. Augmentum is participating in the fund raising alongside existing investor Exponential Ventures, and other investors. Unmortgage Unmortgage will offer a part-own part-rent […]
EF Realisation proposes wind-up terms and the in-specie distribution of its Lonestar holding. The winding up of EF Realisation (EFR) and an in-specie distribution of the company’s shares in Lonestar to certain larger shareholders will require shareholders to vote in favour of resolutions at an EGM of the company, which will happen on 24 September 2018. UPDATE: 25 September […]
Hg announces an investment in BrightPay into Transition Capital – HgCapital (HGT) has announced that it has invested in BrightPay, a provider of accounting and HR payroll software to SMEs in Ireland and the UK. The terms of the investment are not disclosed. Transition Capital’s first investment In early 2018, HgCapital made a £75 million commitment to invest in Transition Capital and […]
Regional REIT reports on a disposal and on letting news – Regional REIT (RGL) has completed a sale of Cheshunt office site for £17.25m and has agreed the first letting for Aztec West. Disposal of Cheshunt office site The company, which is a REIT that specialises in UK regional office and industrial property, has announces it has […]
Crystal Amber reports on a good year – The activist fund, Crystal Amber (CRS) has delivered its full annual report for the year ending 30 June 2018. Positive performance The NAV per share rose by 19.7% over the reporting period. NAV total return for the year was 22.8%. This compares well when compared with the performance of the reference benchmark, the Numis […]
Pacific Horizon (PHI) – Strong stock selection delivers for Pacific Horizon’s shareholders. The company’s NAV rose by 13.6% on a total return basis. This was an outperformance of 7.6% of the company’s benchmark, the MSCI AC Asia ex-Japan index, which returned 6.0% on the same basis. The share price returned 26.9% (total return), an outperformance of 20.0%. Strong stock selection delivers for Pacific […]
BMS to disclose TYK2 inhibitor data that backed Phase III move for psoriasis Bristol-Myers Squibb (NYSE : BMY) is set to disclose data next week from a Phase II study on its TYK2 inhibitor BMS-986165 in psoriasis that supported a recent move of the asset into Phase III trials. This disclosure, which so far has received relatively […]
Malin achieves small increase in fair value of investments Dublin-listed biotech VC investor Malin (ISE:MLC) achieved a marginal increase in the fair value of its investment portfolio in the first half of 2018, with gains on its four largest investments set against write-downs on smaller ones. This fair value, which was struck in accordance with […]
Phaunos Timber gets new offer from Catchmark Timber Trust – CatchMark Timber Trust, Inc. (NYSE: CTT) announced today the company is evaluating a potential offer to acquire Phaunos Timber Fund. If completed, the transaction would significantly increase CatchMark’s market capitalization and enterprise value. At current stock prices, the combined company would have an $850 million equity value and $1.3 billion enterprise value. […]
Hansteen and Warehouse REIT deal collapses – Warehouse REIT has announced that the parties have been unable to agree terms and consequently the discussions have been terminated. As a result of the company not proceeding with the transaction, trading in Warehouse REIT’s shares on AIM is expected to be restored today. Hansteen‘s comment is just as terse. [QD […]
Triple Point Social Housing fully invested and ready to expand again – Triple Point Social Housing REIT has completed the acquisition of five supported housing properties, exchanged contracts on one further supported housing property, and has acquired the land and entered into forward funding arrangements to develop another supported housing scheme, comprising 38 units in total, for […]
Augmentum Fintech buys Monese stake – Augmentum Fintech has announced an investment of GBP5.3 million in UK based fast-growing mobile-only current account provider Monese. Augmentum is participating in this GBP46 million Series B fundraising alongside Kinnevik, PayPal and Avios, all of whom are investing in Monese for the first time. Monese (www.monese.com) launched in September 2015 as the […]
Solid results from GCP Student Living – Scape Bloomsbury ready for business – GCP Student Living has published its annual report, covering the year that ended on 30 June 2018. Highlights are: EPRA NAV (cum-income) per ordinary share of 149.12 pence and EPRA NAV (ex-income) per ordinary share of 147.61 pence at 30 June 2018 – up […]
Primary Healthcare Properties expands in Ireland – Primary Health Properties has acquired three modern, purpose built primary care centres in the Republic of Ireland, increasing the gross value of its Irish portfolio to over EUR100 million. An Irish collective investment vehicle wholly owned by PHP has acquired the entire issued share capital of Jellia Holdings Limited, a […]
Foresight Solar raising cash to fund acquisition – Foresight Solar Fund Limited is seeking authority to issue ordinary shares to allow it to fund the acquisition of a portfolio of 10 ground-based, solar power assets in the UK with a total installed capacity of 72MW for a total cost of GBP30.1 million, to reduce the company’s gearing and […]
Mucklow (A&J) says industrial property prices higher than they can justify, focused on development instead of acquisitions – Mucklow (A&J) Group has published results covering the year ended 30 June 2018. Its EPRA NAV rose from 471p to 559p over the year and EPRA EPS were flat at 25.06p (25.05p). The full year dividend has been […]
Supermarket Income REIT sees multiple opportunities – Supermarket Income REIT has published its first set of results, covering the 13 month period from incorporation to the end of June 2018. Highlights are: The IPO in July 2017 raised gross proceeds of GBP100 million at an issue price of 100 pence per ordinary share. SUPR’s shares were admitted […]
