LXi REIT has announced that it has completed the acquisition of the freehold interest in a portfolio of regulated long-let supported living properties located in Yorkshire. The purchase price for the Portfolio is £3.8 million, reflecting a net initial yield of 6.0% (net of acquisition costs to the Company). The...
Power price recovery boosts John Laing Environmental NAV - John Laing Environmental says its NAV at 31 March 2017 was 100.1p, up from 96.7p at 31 March 2016. They say that the increase in NAV per share was due primarily to the increase in both short-term electricity prices and forecasts for...
UK Commercial buys Sheffield office from Ediston - UK Commercial Property Trust has acquired a single let, Grade A office building in Sheffield, from Ediston Property Investment Company for GBP20,165,000, reflecting a net initial yield of 5%. The asset is let to Capita Business Services Limited, which is part of Capita...
Custodian REIT buys Next distribution unit - the company has acquired a 69,922 sq ft distribution unit on Eurocentral, Scotland's leading mixed-use business park on the M8 arterial route between Glasgow and Edinburgh. Nearby occupiers include DHL, Warburtons, Argos, Wincanton, Norbert Dentressangle and Morrisons. The unit is let to Next...
Hg Capital sells Zitcom for £8.8m. HgCapital, the Manager of HgCapital Trust, has announced that it has sold Zitcom, a leading Danish hosting and cloud solutions provider operating in the SME segment, to Intelligent, a Belgian headquartered provider of hosting services. The terms of this transaction were not disclosed. The...
QuotedData is publishing a new update note on a company in the Flexible Investment sector: 170613 SIGT Update QD Seneca Global Income & Growth - Changing tack Seneca Global Income & Growth (SIGT) has continued to outperform its flexible investment peer group, since QuotedData last wrote, while providing lower volatility...
Montanaro UK Smaller Companies sets out case for continuation after 43% long term underperformance - over the year to 31 March 2017, the NAV per share of Montanaro UK Smaller Companies (excluding current period revenue) rose by 11.3% to 621.6p in comparison with a gain of 15.4% by the Numis Smaller Companies...
Seneca Global Income & Growth outperforms strongly Seneca Global Income & Growth Trust (SIGT) has announced its annual results for the year ended 30 April 2017. During the period, the trust provided an NAV total return of +19.6% and share price total return of +20.7%, both of which significantly outperformed...
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...