Rockspring toasts third close
Rockspring Property Investment Managers has raised £50m from five institutional investors for the third close of its UK Value 2 Fund. This brings total equity commitments in the vehicle to £150m, taking it halfway to its £300m target. A final close is expected at the end of the year.
Hansteen NAV jumps 5%
Hansteen Holdings delivered a 5% hike in NAV to 96p a share in its half-year results. The value of the UK and European industrial investor’s portfolio rose by 7.2% to £1.6bn, and pretax profit surged from £14.9m to £66.7m in the six months to 30 June.
Big Box on the bounce
A buoyant UK sheds market pushed Tritax Big Box’s NAV up 3.9% to 101.9p in the eight months to 30 June. The group has raised £371m since December in two equity raisings, which it has ploughed into its £360.7m portfolio.
MedicX raises £50m
MedicX Fund has raised £50m of five-year fixed-rate debt through a UK private placement. The listed specialist primary healthcare property investor secured the debt at an all-in fixed interest rate of 3.8%. It is tranched into a £15m portion for refinancing and £35m to fund future acquisitions.
Regus on the expansion trail
Regus plans to open 450 new centres in 2014, creating a 2,260-strong portfolio. The workspace provider posted a 16.9% rise in revenue to £804m and a 41% increase in profit to £40m in the six months to 30 June.
Bridget.O’Connell@estatesgazette.com
