NextEnergy Solar Fund has announced a proposed tap issuance programme to issue up to 54,885,000 New Shares, which the company says is equivalent to 19.7% of NESF’s existing voting share capital, to respond to market demand. The company says that, in response to interest from existing and new investors, its first Tap Issue, which is […]
The Board of FastForward is pleased to provide the following strategic update to its shareholders. The Company believes that there are exceptional opportunities available to it in the gaming technology sector. These opportunities are available to the Company largely because of the network of the Company’s Board of Directors, advisers and large shareholders. The Company […]
3i Infrastructure has signed an agreement to invest approximately EUR69m, subject to completion adjustments, in Valorem. Headquartered in Bègles, France, Valorem is a leading independent renewable energy development and operating company. 3i Infrastructure will acquire a 28.5% interest in Valorem and provide further capital to the company through a subordinated debt instrument with the remaining […]
Lazard World Trust Fund reports that, for the year ended March 31st 2016, the fund’s Net Asset Value per share at the year-end was US$ 4.17 representing a total return of minus 8.04% since the prior year end. The fund’s benchmark, the MSCI All Country World Index, declined 4.3% over the same period while the fund’s reference […]
The six month period ending 31 May 2016 Independent Investment Trust produced a net asset value total return of 5.7%. The total returns notionally attributable to the FTSE All Share Index and the FTSE World Index were 0.1% and 3.9% respectively. The net asset value per share rose from 390.1p to 400.3p over the period, […]
Standard Life Investments Property Income Trust has announced that it has completed the sale of three properties in separate transactions. The sale of a small industrial asset in Witham, completed on 24 June 2016 for £3.3m. Causeway Side House in Teddington was bought as part of the ‘Pearl Portfolio’ in December last year and was […]
Hansteen refinances Netherlands Light Industrial Property with €145m 5-year facilityHansteen has announced that it has refinanced two loans secured against its Netherlands light industrial property portfolio with a single loan totalling €145.0m. The company says that this has resulted in a reduction in the cost of borrowing on the portfolio from 3.57% to 2.49%, excluding […]
Picton Property Income has announced that it has exchanged contracts to Boundary House, Jewry Street, London EC3, for £27.8m. Boundary House is located in the eastern part of the City and comprises a 45,000 square foot multi-let office building, constructed in the mid 1950’s.The purchaser is an overseas investor and Picton received £2.8m on exchange. […]
Aberdeen Private Equity has announced its annual results for the year ended 31 March 2016. During the year the fund’s NAV per share increased by 4.6% to 133.33p and, including the 2.2p dividend paid in September 2015, shareholders received a NAV total return of 6.6% (2015: 18.2%). The company says that NAV performance was driven […]
Redefine International has provided an update on the progress it is making on asset management initiatives on its recently acquired Aegon UK (AUK) portfolio. The company says that it is making good progress that is ahead of initial expectations. In summary, since the EU referendum result, the company has completed two leases totalling £0.6m, which […]
K&C REIT plc, the residential real estate investment trust group, announces that the Board has agreed to grant options over ordinary shares of 1p each, as detailed below, to George Rolls, the former non-executive director and then chief executive who left the Board in December 2015. The Board has also agreed to make a payment […]
The Board of JPMorgan Overseas Investment Trust has announced a change in its distribution policy and change of name. The Company’s objective is to achieve capital growth from world stock markets and aims to achieve this objective by holding a diversified portfolio of investments in which the portfolio manager has a high degree of conviction. […]
The Renewables Infrastructure Group has entered into a binding sale and purchase agreement to acquire a 51.0% interest in a 12MW ground-mounted solar photovoltaic plant, in the South of France, increasing the aggregate net generating capacity of TRIG’s portfolio to 686MW. The Board of TRIG is pleased to announce the acquisition of a 51.0% interest in […]
AEW UK REIT has published its first set of accounts covering the period from 1 April 2015 to 30 April 2016. The net asset value was GBP116.38 million or 99.03 pence per share as at 30 April 2016. Total dividends of 5.5 pence per share have been declared for the period from the IPO to 30 April 2016. […]
Schroder UK Growth’s results for the year ended 30 April 2016 show that the Company’s NAV returned -4.4%, while the share price returned -4.9%. This compares with an equivalent return of -5.7% by the FTSE All-Share Index over the same period. The Directors have declared a second interim dividend of 2.60p per share, making a total […]
The Board of UK Mortgages Limited has announced that the second transaction for UKML has been agreed. Since UKML’s launch, TwentyFour has sought a mortgage origination partner to facilitate an ongoing flow of mortgage loans that fit the investment policy. Over the past few months, the team has worked with The Mortgage Lender Limited (“TML”) to develop […]
British Land announces that it has exchanged contracts for the sale of 334-348 Oxford Street, London to a private investor for GBP400 million. The asset is a seven storey building located near Bond Street Underground Station in London’s core West End shopping district. The building is let in its entirety to Debenhams until 2039. In […]
TwentyFour Income Fund has published its results for the year ended 31 March 2016. They say the twelve month period to the end of March 2016 was one which presented significant ongoing issues to all markets from a variety of sources. Whilst the period saw the Company’s NAV per Share and Share Price drop 16.74p […]
Hammerson, together with its joint venture partner Allianz Real Estate, has successfully secured the ownership of Dundrum Town Centre, Ireland’s pre-eminent shopping and leisure destination as part of a portfolio of market-leading retail assets in Dublin, Ireland. Hammerson and Allianz acquired loans secured against a portfolio of retail assets in September 2015 from the National Asset […]
During the six months to 31 May 2016 Polar Capital Global Financials generated a fully diluted Net Asset Value total return of -0.59%. The portfolio’s benchmark, the MSCI World Financials Index (Total Return with dividends reinvested), returned -0.84% over the same period. The price of the ordinary shares closed the period at 97.75p, a decline of […]
GLI Alternative Finance plc announces that it has posted a circular convening a general meeting of the Company at which it will be proposed that certain changes are made to the investment restrictions of the Company. The Proposals are subject to approval by shareholders of the Company at the General Meeting. Upon launch in September […]
Riverstone Energy has announced that it has signed an agreement, alongside other funds affiliated with Riverstone Holdings, LLC, to acquire a majority stake in Centennial Resource Development LLC from NGP Energy Capital and certain other related coinvestment funds. Centennial is an exploration and production company focused on the acquisition and development of oil and liquids-rich […]
Artemis Alpha has published results for the year ended 30 April 2016. The Company’s net asset value per share fell by 6.1 per cent during the year on a total return basis. This compares with a fall of 5.7 per cent in the FTSE All-Share Index over the same period. Although the quoted investments were […]
On 31 May 2016, Ecofin Water & Power Opportunities plc published a circular and notice of general meeting to be held on 24 June 2016 at which the Company’s shareholders would vote on the continuation of the Company. The circular contained details of a proposed scheme of reconstruction of EWPO under section 110 of the […]
Caledonia Investments has announced that it has agreed terms to acquire The Liberation Group Limited, the Channel Islands’ market leading pub, restaurant and drinks business, from LGV Capital, part of Legal & General Capital, the principal investment arm of Legal & General Group, in a transaction which values Liberation at GBP118m. Led by Chief Executive […]
Victory Park Capital Advisors, LLC, the investment manager to VPC Speciality Lending, has agreed an amendment to the investment management agreement with the Company. Under the revised agreement, Victory Park Capital Advisors will invest 20 per cent. of its monthly management fee received from the Company into shares in the Company at the prevailing market […]
The independent Board of Standard Life Property Income Trust notes the announcement made yesterday by Standard Life Investments to suspend trading in the Standard Life Investments UK Real Estate Fund, an open ended Property Authorised Investment Fund (“PAIF”). The Board would like to emphasise that Standard Life Investments Property Income Trust , being a closed […]
On 4 July 2016, it was disclosed that Crystal Amber Fund Limited had acquired a disclosable interest of 3 per cent of the issued share capital of Northgate. In September 2012, Crystal Amber invested in Northgate and following successful engagement, exited the position in April 2015. Since then, Northgate’s share price has fallen by approximately 50%. […]
Polar Capital Technology’s results for the year ended 30 April 2016 have been published. The global technology sector performed better than the broader indices for most of the financial year but finished in line with the FTSE World Index after a sharp decline in several of the leading technology stocks in April. Polar Capital Technology’s […]
