Starwood European Real Estate announced yesterday (20 July 2015) a placing to raise up to £15m before costs with the proceeds of the placing to be used to fund a loan currently in execution and other transactions that the Investment Adviser believes have a high probability of execution in the short term. Starwood has subsequently announced today […]
Starwood European Real Estate Finance has committed to provide two facilities for a total of DKK350.3m (about £33.5m) for a portfolio of light industrial assets throughout Denmark. The first facility is a mezzanine facility to refinance a portfolio already owned by the sponsor. The second facility is a whole loan to support the acquisition of […]
Starwood European Real Estate Finance has announced results for the year ended 31 December 2014 that show a small increase in its net asset value from 99.13p to 100.08p but a much larger increase in its share price from 100.75p to 106.25p. Dividends per share were 5.8p, to give a total return on net assets […]
Starwood European Real Estate is providing £45m towards the £200m refinancing of the Aldgate Tower, a new Grade A office building located in the City of London. The terms of the loan have not been disclosed but Starwood say “The loan’s interest rate is part fixed with part floating over 3 month LIBOR. The Company expects […]
Starwood European Real Estate Finance, alongside other Starwood funds, made a £220m loan to Almacantar, a property investment and development company specialising in London. They now plan to increase the size of this loan to £265m with this fund providing £5m of this. Almacantar plan to use this to fund the refurbishment of Centre Point, […]
In QuotedData’s morning briefing for 20 February 2024 NB Global Monthly Income Fund (NBMI) has announced that it intends to distribute to shareholders an aggregate amount of approximately £23m by way of a partial compulsory redemption of shares on 4 March 2024. The redemption will amount to c. 69% of existing shares of shareholders on […]
Economic and Political Monthly Roundup Investment companies | Monthly | October 2023 Reading the headlines, it still feels that we are trying to walk across a frozen lake. While none have yet to fall though, cracks are starting to appear, and some are certainly closer to making it to the other side than others. In […]
In QuotedData’s morning briefing 7 September 2023: Gresham House Energy Storage (GRID) reports a fall in its NAV and a -3.5% return for the six months ended 30 June 2023. Most of the negative impact comes from lower revenue forecasts (these took 15.5p off the NAV). The discount rate used to value the portfolio has […]
CC Japan Income & Growth (CCJI) announced its half year report for the period ended 30 April 2023. NAV total return was up 11.3%, while shares rose 13.1%. The strong returns were ahead of the benchmark TOPIX index which was up 9.5%. Returns in Japan have been solid over the course of the year as […]
First quarter of 2023 Investment Companies | Quarterly roundup | April 2023 Kindly sponsored by abrdn Into the unknown The first quarter of 2023 serves as a good reminder that things are never quite as predictable or certain as the consensus may lead you to believe. Having seemingly come around to the prospect of ‘higher […]
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