Great Portland Estates has sold its lease on 20 St. James’s Street (55,490sq ft office / retail building) for £54.5m. The property was acquired for £42.5m in 2010. It was producing a net rent of £1.2m per annum. GPOR will use the proceeds to invest in other projects.
VinaLand(VNL) is considering raising £20m by issuing 20m zero dividend preference shares at 100p. The new ZDPs would have a life of three years and the gross redemption yield would be determined by a bookbuild – potential investors will be asked to bid for the ZDPs at yields between 7% and 8%. The issue proceeds […]
Graphite Enterprise (GPE) invests £14.2m in City & County Healthcare – GPE’s first investment through Graphite VIII. Becomes GPE’s third largest investment. City & County provides home care assistance for the elderly and specialist care for young people and adults with learning disabilities, mental health needs and brain injuries; operating from 64 branches across England, […]
Bilfinger Berger Infrastructure BBGI raises £145m from placing and offer for subscription. Issues 133.1m shares at 108.9p.
Real Estate Investors (RLE) sells three units in a retail park in Derby for £4.3m. Buyer was parent company of Lidl. RLE retains ownership of five units that are let or under offer and have an estimated rental value of £250,000 per annum. RLE bought the whole park for £4.8m in September 2011.
