Greencoat UK Wind buys North Hoyle and Slieve Divena wind farms – Greencoat UK Wind PLC has entered into agreements to acquire the North Hoyle and Slieve Divena wind farms from institutional investors advised by JP Morgan Asset Management for a total consideration of approximately GBP105 million. The acquisitions, which are expected to complete in August […]
Renewables Infrastructure investing in battery storage project – The Board of The Renewables Infrastructure Group has announced that the company has completed the acquisition of a 100% interest in Broxburn, a battery energy storage project which is currently under construction in West Lothian, Scotland. Broxburn, a 20MW battery, was developed and is being constructed by RES, TRIG’s […]
LondonMetric buys logistics portfolio from Cabot – LondonMetric Property Plc has announced the acquisition of 14 urban and regional logistic warehouses for GBP116.60 million from Cabot Properties. The purchase price reflects a day one yield on cost of 6.1% and a reversionary yield of 6.6%. The 1.3 million sq ft of warehouses are in established […]
Civitas invests another £22.9m – Civitas Social Housing PLC has completed the purchase of a portfolio of regulated social housing for a total consideration of GBP22.9 million, comprising the freehold interest in 21 supported living properties, with 183 tenancies, in the South West of England. The portfolio is immediately income generating with an initial net […]
Kubera Cross Border selling Synergies Casting – Kubera‘s subsidiary, Kubera Cross-Border Fund (Mauritius) Limited, entered into a binding agreement on 8 August 2017 to dispose of its entire equity and debt interest in Synergies Casting Limited. A private buyer, Jamy LLC, has agreed to purchase the Company’s interest in Synergies Casting for a consideration net […]
VinaCapital Vietnam Opportunities invests in mobile phone distributor – VinaCapital Vietnam Opportunities becomes a major shareholder in FPT Retail, the second largest mobile phone distributor in Vietnam. As part of its divestment strategy, FPT Group (HSX: FPT) is spinning-off its retail distribution unit, and is selling 35% of the shares in FPTR to a few institutional investors […]
London Museum of Photography headed to Whitechapel – Derwent London has announced that it has pre-let the lower ground floors and a new office pavilion at The White Chapel Building, 10 Whitechapel High Street E1, to Fotografiska. Fotografiska runs the world renowned photography museum in Stockholm and will use the space for Fotografiska – The […]
Henderson Smaller Companies beats benchmark despite resources underweight – Henderson Smaller Companies has reported results for the year ended 31 May 2017. Over this period the share price has risen by 32.7%, and the net assets by 28.7%, outperforming the benchmark, the Numis Smaller Companies Index (excluding investment companies), by 4.8% on a total return basis. […]
LXi REIT buys three Northern Irish Priory Care homes – LXi REIT has acquired the freehold interest in two Priory Group care homes in Northern Ireland and exchanged contracts to acquire a third Priory Group care home for a total portfolio consideration of GBP14.9 million, reflecting a net initial yield of 6.5% (net of acquisition […]
James Carthew: the relentless rise of new income funds Investors are still pouring money into UK property, despite last year’s post-referendum jitters. If we look at the money raised by the investment companies sector in July, I reckon that of £1.2 billion raised, about £500 million was destined for UK property funds. This included new […]
LondonMetric buys Currys PCWorld store in New Malden – LondonMetric Property Plc has acquired Burlington Retail Park in South West London for GBP28.3 million from a large UK institution. The 51,500 sq ft unit in New Malden, South West London, is located next to the A3 and is majority is let to Dixons Carphone operating […]
India Capital Growth manager acquired – India Capital Growth says that it was informed by Ocean Dial Asset Management Limited, its investment manager, that an agreement has been reached with Avendus Capital Private Limited whereby Avendus Capital and/or its wholly owned subsidiary will acquire 100% ownership of Ocean Dial. Avendus Capital is an India-based financial […]
Picton buys multi-let building in Bristol – Picton, the property investment company, has completed the acquisition of a grade A office building located in Bristol city centre for GBP 23.15 million. Known as Tower Wharf, the building is situated in a prominent position on the waterfront, adjacent to Temple Way, and equidistant to both Temple […]
Pantheon makes 17% in shortened year – Pantheon International has published results for the 11 months ended 31 May 2017 (it moved its year end from June to May). Over this period: NAV per share increased by 17%, from 1,873.6p to 2,189.9p. Net assets increased to GBP1,388m (June 2016: GBP1,187m). The ordinary share price increased […]
Ediston sells Phoenix office building in Reading – Ediston Property Investment Company has sold its office building, Phoenix, Reading, to Fidelity UK Real Estate Fund for GBP20,510,602 which is not materially different to the valuation at 30 June 2017. The property extends to c.52,000 sq. ft., is multi-let to four tenants, and has c. 6,000 […]
LXi REIT buys supported living portfolio – The Board of LXi REIT has announced that the company has completed the acquisition of the freehold interest in a portfolio of regulated long-let supported living properties located in Yorkshire. The properties in the Portfolio comprise specialist, high quality supported living homes for individuals with physical and/or mental disabilities […]
Empiric will convert St Mary’s hospital Bristol to student housing – The Board of Empiric Student Property has announced that the Group has acquired, on an unconditional basis, the freehold of the former St Mary’s Hospital in Bristol for GBP8.08 million (excluding costs). The current site comprises a 3,400 sq m former hospital building and 65 […]
Standard Life Investments Property Income announces recent deals – Standard Life Investments Property Income Trust has completed two investment transactions. The first is the purchase of a 46,800sqft industrial unit in Birmingham, close to an existing asset that the company owns. The purchase price of GBP4.58m reflects an initial yield of 5.75%, and the property […]
Alpha Real completes H2O disposal – Alpha Real Trust announces the successful completion of the sale of a 70% equity interest in the H2O shopping centre in Madrid (“H2O”) to CBRE European Co-Investment Fund, managed by CBRE Global Investors in line with the terms previously advised. As previously announced, Alpha Real Trust will retain a […]
Dunedin Enterprise benefits from Blackrock sale – Dunedin Enterprise Investment Trust PLC has announced the successful realisation of its investment in Blackrock PM, the provider of independent expert witnesses to dispute and litigation resolution in the construction sector. Capital and accrued interest in Blackrock was valued at GBP10.4m as at 31 March 2017, the last […]
Diverse Income underperformance attributed to lack of AIM growth stocks – Diverse Income Trust has published results for the year ended 31 May 2017. The net asset value rose by 13.6% from 91.02p to 103.43p over the year. This compares with an increase in the All-Share Index of 20.0% over the year to 31 May 2017. […]
LondonMetric Property sells Milford Haven retail park – LondonMetric Property Plc has announced that it has sold its retail park in Milford Haven for GBP15.3 million. The 84,000 sq ft Havens Head Retail Park was acquired in 2010 for a net GBP14.2 million and is anchored by a 38,000 sq ft Tesco food store with other […]
VinaCapital Vietnam Opportunities invests in toll road operator – VinaCapital Vietnam Opportunities has become a significant investor in Tasco JSC (HNX: HUT), a leading toll road operator and real estate development company in northern Vietnam, via a private placement. Tasco’s private placement raised USD23 million by issuing 21% of post-investment common shares to several investors including […]
James Carthew: HICL paid high price for Affinity This week’s column was written before the announcement of HICL leading a consortium to buy the HS1 high-speed rail line between London and the Channel Tunnel. My focus this week is on HICL Infrastructure (HICL), a stock that I hold. Briefly, around the beginning of July, its […]
ESO: the private equity fund lighting up an overlooked sector Private equity investment trusts have not been left behind by this year’s stock market rally with their shares up an average 18%. One fund often overlooked in this still neglected sector is EPE Special Opportunities (ESO), an £86 million, AIM-listed, Isle of Man based investment […]
Fundsmith Emerging wants to invest more in India – in its interim report, published today, Fundsmith Emerging Equities is proposing a change to its investment policy. Investment Policy Review “As shareholders may be aware, the Board reviews the Company’s Investment Policy at every meeting. The Board has noted that approximately 38% of the portfolio is […]
Marwyn adds to Wilmcote stake – Wilmcote Holdings has today announced its intention to float on the AIM market of the London Stock Exchange, raising a further GBP15 million with backing from a number of institutional investors. Marwyn Value Investors II L.P., in which Marwyn Value Investors’ ordinary shares are indirectly invested, will invest GBP5.11 […]
SQN Secured Income fully committed – Following its appointment in April 2017, SQN has completed a thorough strategic review of the Company’s platform investments. At the time of SQN’s appointment, approximately 31% of the fund’s assets were in cash with the remainder already invested via platforms and through working capital loans to platforms. Following the […]
Empiric buys Hahnemann building in Liverpool – The Board of Empiric Student Property has announced that the Group has exchanged contracts to acquire the freehold of the Hahnemann Building (the “Property”) in Liverpool for GBP10.8 million (excluding costs). The acquisition is expected to complete in October 2017. The Hahnemann Building is a Grade II listed building […]
Dragon Capital has 60.6% of Dragon Ukrainian following bid – On 8 June 2017, in accordance with Rule 9 of the City Code on Takeovers and Mergers, Dragon Capital Investments announced its firm intention to make a mandatory cash offer for all of the Shares of Dragon Ukrainian Properties which the Dragon Capital Group did not […]
