Custodian REIT buys Langley Mill business park – Custodian REIT, the UK property investment company, has acquired a 20,678 sq ft distribution unit on Access 26 Business Park, Langley Mill, located near junction 26 of the M1.  Nearby occupiers include DHL, 3663 Logistics and Travis Perkins. The unit is let to Warburtons Limited on a lease […]

Duke Royalty river cruise finance paying off. Duke‘s inaugural royalty investment, successfully launched its maiden voyage for its third vessel, the Carmen.  Duke says that this marks a memorable day for Temarca and demonstrates the rapid progress made since Duke’s EUR8 million royalty investment which was concluded in April 2017. In response to the growing […]

Tritax buys Ocado’s Birmingham distribution facility – Tritax Big Box REIT plc has acquired a distribution facility at Birch Coppice Business Park, Dordon, Birmingham operated by Ocado Limited and serving both Ocado’s and Wm Morrison Supermarkets Plc’s online retail businesses. The total consideration is GBP92.33 million (excluding purchaser’s costs), reflecting a net initial yield of 5.25% on […]

Better Capital completes Gardner Aerospace disposal to Ligeance Investments Limited, a wholly owned subsidiary of Shaanxi Ligeance Mineral Resources Co., Ltd. for GBP326.0 million on an Enterprise Value basis. Gardner is an award-winning leading Tier-1 supplier of detailed parts and added-value services to the global aerospace industry.  The business was acquired by the 2009 Fund in […]

Fidelity China’s Dale Nicholls doubles investors’ money in three years. Nicholas Bull, chairman, said “It is now increasingly accepted by investment professionals that China’s sheer economic size, along with its record of delivering year on year growth, means that anyone building an investment portfolio should consider having an exposure to China. The end of the […]

Montanaro UK Smaller Companies Investment Trust, managed by Anna Lunden and chaired Kathryn Matthews (pictured), has announced that it is to benefit from a reduced management fee. The investment management fee, paid to Montanaro Asset Management Limited, has been reduced to 0.5% per annum of gross assets (previously 0.85% p.a.). This change is effective retrospectively […]

Templeton Emerging Markets shareholders make 48% in a year. Templeton Emerging Markets (TEMIT) generated a return of 47.8% on net asset value over the year to the end of March 2017. Shareholders did even better as the discount narrowed slightly leaving them with a return of 48.3%. By contrast, the MSCI Emerging Markets Index returned […]

Workspace has announced that, having noted media speculation regarding the potential acquisition of Salisbury House at 28-31 Finsbury Circus, EC2 for around £158 million, it can confirm, “that it is in discussions for the asset in question”. Workspace says that there can be no certainty that any transaction will proceed and a further announcement will […]

JPMorgan Japan Smaller Companies Trust has announced its annual results for the year ended 31 March 2017. During the period, the Trust’s NAV total return was +20.9% and its share price total return was +25.2%. These both underperfomed the trust’s benchmark which it says provided a total return of +34.6%. The chairman, Alan Clifton, says […]

Picton Property cuts debt as shareholders make 25% returns Picton Property Income has released results for the year ended 31 March 2017. These show: An increase in EPRA NAV per share of 6.0%, to 82 pence per share Income profit increased by 30% to GBP25.8 million Total return of 10.4% Shareholder total return of 25.6% […]

Workspace dividend soars by 40%. Workspace owns and manages more than 3.5 million sq. ft. of business space across 68 London properties. It is home to some 4,000 businesses including some of the fastest growing and established brands across a wide range of sectors. Workspace’s results for the year ended 31 March 2017 show: EPRA net […]

LMS Capital handing back another £11m in two tender offers. In its circular published on 27 July 2016, LMS Capital proposed two further returns of capital to shareholders either by way of tender offers or share repurchases. This would be up to half the net proceeds of further sales of assets from the existing portfolio. The details of […]

John Laing Environmental Assets (JLEN) has announced that it has acquired the CSGH Solar Portfolio for a total consideration, including working capital, of £12.2 million from sPower Holdings (UK) Limited. The acquisition, which was effected by purchasing the entire share capital of the holding company of the CSGH Solar Portfolio, was funded by a draw-down […]

HICL Infrastructure has announced the results of its recent equity issue. The issue has raised gross proceeds of £267.7m through the issue for cash, subject to listing, of 162,246,567 Ordinary Shares at an issue price of 165.0p per new ordinary share. HICL Infrastructure says that the Issue was materially oversubscribed and in light of the […]

Civitas Social Housing (CSH) has announced that it has completed the purchase of a portfolio of regulated social housing for a total consideration of £2.0 million, comprising the freehold interest in 6 supported living properties, with 12 tenancies, in Southampton. CSH says that the portfolio is immediately income generating with an initial net yield in […]

Custodian REIT has announced its annual results for the year ended 31 March 2017. During the period, the company provided an NAV total return of 8.5% (2016: 6.4%) and a share price total return of 10.3% (2016: 3.5%). The company’s chairman, David Hunter, says that during the year the company invested a total of £105.0m […]

European REIT may be new vehicle for Quidnet. Quidnet said, in its most recent report and accounts, that its sale of the final property asset in the European REIT’s portfolio, La Gaude, located in Nice, France should complete shortly.  The net sale proceeds to the company will be approximately EUR5.75 million, being 0.74 cents per share. Consistent with the […]

LXi REIT buys Leeds care home for £8.4m. The Board of LXi REIT has announced that the company has exchanged contracts to acquire the Priory Care Home, Leeds for GBP8.4 million, reflecting a net initial yield of 6.3% (net of acquisition costs to the company). The Property is fully let to Priory Elderly Care Limited […]

Highcroft Investments buys in St Austell. The company says that, through its property owning subsidiary Rodenhurst Estates Limited, it acquired, today, the freehold interest of an industrial investment near St Austell, Cornwall. The property comprises two industrial units totalling approximately 250,000 sq ft, plus a vacant site, let to Wyndeham Roche Limited on a single […]

LXi REIT has announced that it has acquired the SIG manufacturing facility at Welton, in a sale and leaseback transaction, for a purchase price for the Property is £9.3 million, reflecting a net initial yield of 7.0% (net of acquisition costs to the Company). The acquisition is being funded from equity resources, with senior debt […]

Personal Assets Trust (PNL) has announced its annual results for the year ended 30 April 2017. Over the year to 30 April 2017, PNL’s net asset value per share rose by 8.6%, which it says compares to a rise of 15.8% in the FTSE All-Share Index. PNL’s share price rose by £32.90 (8.8%) during the year […]

Custodian REIT has announced amendments to the terms of its Investment Management Agreement (IMA) with its fund manager, Custodian Capital Limited (a subsidiary of Mattioli Woods plc). The amendments follow the expiry of the IMA’s initial three year term. Custodian REIT says that, in light of the positive performance of the Company since admission to […]

DW Catalyst to wind up – the company has announced that, following the passing of the discount trigger resolution earlier this year, which will result in approximately 58 per cent of the company’s shares being redeemed, the company has discussed its future with its investment manager, DW Partners, LP, and obtained the views of shareholders […]

Perpetual Income & Growth (PLI) has announced its annual results for the year ended 31 March 2017. During the period, it provided an NAV total return of 9.6%. It’s chairman, Bill Alexander (pictured), says that Although this is satisfying in absolute terms, it is less so when compared with the 22.0% return posted by the […]

John Laing Infrastructure to light up Croydon and Lewisham – JLIF, the FTSE 250 listed infrastructure investment company, has announced that it has completed the acquisition of a 50% interest in the Croydon and Lewisham Street Lighting project from John Laing Investments Limited (a wholly-owned subsidiary of John Laing Group plc (“John Laing”)). The 25-year […]

NB Private Equity Partners (NBPE) has announced two corporate updates. The first is that it expects its A shares to join the FTSE All-Share Index and FTSE Small-cap Index, and secondly, it has completed of the redemption of its 2017 Zero Dividend Preference (“ZDP”) Shares. Inclusion in the FTSE UK Index Series On 31 May […]

HgCapital has announced the sale of Parts Alliance a UK automotive aftermarket parts distributor, to Uni-Select Inc., a listed Canadian distributor of automotive refinish and industrial paint products and aftermarket parts for a transaction value of GBP205 million. Hg Capital Trust will realise cash proceeds of approximately GBP21.3 million on completion of this transaction. This represents […]

The board of directors of Prospect Co., Ltd. (“Prospect”) and the independent directors of The Prospect Japan Fund Limited have announced that they have reached agreement on the terms of a recommended share for share exchange offer to be made by Prospect Co. for the entire issued and to be issued share capital Prospect Japan […]

Derwent London has announced that it has let the top two floors of the tower at White Collar Factory EC1 (pictured) to Box.com, the cloud content management company. The initial rent is £2.1m per annum or £75 per square foot, which is above December 2016 ERV. Derwent London says that Box.com will occupy 28,500 square […]