Prices and Markets

Greencoat UK Wind buys North Hoyle and Slieve Divena wind farms - Greencoat UK Wind PLC has entered into agreements to acquire the North Hoyle and Slieve Divena wind farms from institutional investors advised by JP Morgan Asset Management for a total consideration of approximately GBP105 million. The acquisitions, which are expected to complete in August 2017, will be funded by Greencoat UK Wind's revolving credit facility. North Hoyle is located 5 miles offshore in Liverpool Bay, and has a capacity...

VinaCapital Vietnam Opportunities invests in mobile phone distributor - VinaCapital Vietnam Opportunities becomes a major shareholder in FPT Retail, the second largest mobile phone distributor in Vietnam. As part of its divestment strategy, FPT Group (HSX: FPT) is spinning-off its retail distribution unit, and is selling 35% of the shares in FPTR to a few institutional investors of which VOF is one of the largest. VOF has invested USD11 million in this offering. As part of the conditions of the sale, FPT...

London Museum of Photography headed to Whitechapel - Derwent London has announced that it has pre-let the lower ground floors and a new office pavilion at The White Chapel Building, 10 Whitechapel High Street E1, to Fotografiska.  Fotografiska runs the world renowned photography museum in Stockholm and will use the space for Fotografiska - The London Museum of Photography. This is their first gallery outside Stockholm and will add another important cultural and leisure hub to the fast improving Whitechapel...

Ediston sells Phoenix office building in Reading - Ediston Property Investment Company has sold its office building, Phoenix, Reading, to Fidelity UK Real Estate Fund for GBP20,510,602 which is not materially different to the valuation at 30 June 2017. The property extends to c.52,000 sq. ft., is multi-let to four tenants, and has c. 6,000 sq. ft. vacant and to let. The asset was acquired by Ediston, as part of the seed portfolio, in October 2014.  On acquisition it had over...

Empiric will convert St Mary's hospital Bristol to student housing - The Board of Empiric Student Property has announced that the Group has acquired, on an unconditional basis, the freehold of the former St Mary's Hospital in Bristol for GBP8.08 million (excluding costs). The current site comprises a 3,400 sq m former hospital building and 65 car parking spaces. The Company is in the process of preparing a planning application for a 100+ bed premium student accommodation development. The scheme will...

VinaCapital Vietnam Opportunities invests in toll road operator - VinaCapital Vietnam Opportunities has become a significant investor in Tasco JSC (HNX: HUT), a leading toll road operator and real estate development company in northern Vietnam, via a private placement. Tasco's private placement raised USD23 million by issuing 21% of post-investment common shares to several investors including company management, with the largest acquirer being VOF, which invested USD11 million. Tasco will use proceeds of the private placement to help finance future infrastructure...

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 you to buy or sell any of the companies mentioned. Kindly sponsored by Martin Currie. August Economic and Political Roundup Roundup Perhaps, the big story of July was the weakness in...

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 couple of themes stand out on the positive side – funds exposed to commodities (such as BlackRock World Mining and City Natural Resources) and funds exposed to emerging markets, especially...

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 a Grade II listed building within an established student area in Liverpool. The Property was originally Liverpool Hahnemann Hospital and has been converted into a high specification student accommodation scheme...