QuotedData’s other news 28 November 2019

In QuotedData’s other news 28 November 2019

  • Tritax EuroBox is to spend €30m extending its Barcelona warehouse by 88,000 sqm. Building starts in 2021 for completion in 2023. The warehouse is let entirely to Mango (the fashion retailer) and was already by far the largest asset in EBOX’s portfolio. This is a big bet on one tenant!
  • At the half-year stage, TR Property’s NAV returns were running 1.8% ahead of its benchmark and the share price return was even better – demonstrating why it keeps winning awards as a top performing property trust.
  • Over the six months to the end of October 2019, Baillie Gifford UK Trust struggled – value stocks had a bit of a surge towards the end of the period – the trust’s NAV return was -3.6% against +0.4% for the All-Share. This seems ti have unnerved investors and the share price return was a disappointing -8.7%. Shareholders will be hoping for better things in the second half of the year.

The BGUK news comes at the same time as European Trust is announcing its final set of results prior to becoming Baillie Gifford European.

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