Tech funds plummet in March while gold soars Investing Technology funds plummeted ten per cent in March as UK investors dumped risk assets as fears started to grow about US president Donald Trump’s handling of the American economy. Tech funds were the worst performing UK investment fund category in the month, followed closely by North American small company funds (nine per cent drop) and [...]
Blackstone targets Warehouse REIT for £470m takeover Investing Warehouse REIT’s stock price has jumped almost 18 per cent after it was revealed the investment trust had rejected four separate bids for a takeover from US private equity giant Blackstone. Blackstone, as part of a consortium with investment giant Sixth Street, made a £470m offer for the investment trust last week, it announced today. [...]
Supermarket Income REIT slashes fees for shareholders Investing Supermarket Income REIT has slashed its fees in a bid to align management’s interest with shareholders. The trust will now charge fees based on its stock price rather than on underlying assets. Since the trust trades 21 per cent below the value of its underlying assets, fees will drop by around 20 per cent, according [...]
British Land splashes out on portfolio of retail parks October 3, 2024 Property giant British Land announced this morning that it has acquired a portfolio of seven high-quality retail parks for £441m. The company said the deal would be funded from existing resources as well as an equity placing of approximately £300m, by way of an accelerated bookbuild offering. The group acquired the retail parks from Canadian [...]
China funds dominate September as London’s AIM slumps October 1, 2024 China funds dominated performance tables in September following Beijing’s economic pledges, while UK smaller companies funds sagged over rumours that taxes on AIM may rise. The average China fund grew by more than 16 per cent throughout September, with almost all that growth coming in the last week of the month. “The top 44 funds [...]
Are REITs on course for a recovery? October 1, 2024 Real estate investment trusts (REITs) have had a tough time over the past two years as central banks hiked interest rates and the property market was plunged into a downturn. Not a single one of the 33 REITs listed in London are currently trading at a premium, with the average share price is sitting on [...]
Segro pounces on Tritax Eurobox with all-share £552m offer September 4, 2024 The London-listed warehouse giant Segro has made an offer for its smaller peer, Tritax Eurobox. Sergo and Tritax Eurobox announced this morning they had reached an agreement on the terms of a recommended all-share offer by Sergo for the entire issued and to be issued share capital of Tritax Eurobox. Segro has agreed to pay [...]
FCA listings shake-up is golden opportunity to revive UK’s REITs sector August 7, 2024 Reinvigorating investment in real estate will ultimately accelerate growth, writes Antony Antoniou
Regional REIT: Boost to bottom line as it looks beyond emergency capital raise August 5, 2024 Embattled real estate investment trust Regional REIT was given a boost from exchanges on six big leases in the three months to June, helping it achieve a double digit net rental uplift since the start of the year.
Regional REIT launches £110.5m capital raising to stave off bankruptcy June 27, 2024 Regional REIT has laid out plans to raise around £110.5m from a new share offer.