QuotedData’s economic round up – August 2017 – is a collation of recent insights on markets and economies taken from the comments made by chairmen and investment managers of investment companies – have a read and make your own minds up. Please remember that nothing in this note is designed to encourage...
QuotedData investment companies roundup – August 2017 – is our latest roundup of news; price, NAV and discount movements; flows in and out of the sector and report on full year dividends announced over the month of July 2017. Kindly sponsored by Baillie Gifford. August Investment Companies Roundup Monthly NAV/Price moves: A...
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...
Ground Rents Income addresses negative media comment - Ground Rents Income Fund plc, a listed real estate investment trust (REIT) investing in UK ground rents, says that it has noted the recent attention in the media regarding ground rents and the launch by the Communities Secretary, Sajid Javid, of a...
Greencoat UK Wind tops up stake in Clyde windfarm - Greencoat UK Wind PLC has entered into an agreement to make a further investment in Clyde Windfarm (Scotland) Limited, together with GLIL Corporate Holdings Limited, the infrastructure investment vehicle of certain local authority pension funds. As agreed at acquisition in...
Supermarket Income REIT buys a TESCO Extra - Supermarket Income REIT has acquired a Tesco Superstore in Thetford, Norfolk, from M&G Real Estate for GBP43.2 million, reflecting a net initial yield of 5.35% or 5.55% after the next agreed RPI-linked rent review in December 2017. The purchase has been funded...
Land Securities pre-lets 21 Moorfields to Deutsche Bank - Land Securities and Deutsche Bank have exchanged a pre-let agreement for the bank's new London headquarters at 21 Moorfields, EC2 on a 25 year lease. The agreement is conditional on planning permission. Landsec has worked closely with Deutsche Bank on the...
LXi REIT fully invested looks to gear up - The Board of LXi REIT has announced that the company has now fully deployed the net proceeds of its GBP138 million IPO since listing on 27 February 2017. They are also in solicitors' hands on additional acquisitions which will fully absorb the...
Oakley Capital Investments Inspired wins backing from TA Associates - Inspired, a leading group of premium schools in Europe, Africa, Latin America and Australia and a portfolio company of Oakley Funds, has received a significant strategic growth investment from TA Associates, a leading global growth private equity firm, comprising both...