EPIC joins FTSE All-Share
Ediston Property Investment Company has been admitted to the FTSE-All Share index. EPIC, which floated in November 2014, has been issuing new shares since June 2015 and has seen its NAV rise to 107.2p since the float. It will now extend its share issuance by another 12 months from the 33.3m shares already issued to the end of May.
Ardian appoints Euro trio
Ardian has appointed Stephanie Bensimon as managing director France from Invesco Real Estate. Rodolfo Petrosino has joined as managing director for southern Europe from asset manager IDeA FIMIT SGT and Bernd Haggenmuller has joined as managing director Germany from Shaftesbury.
Custodian agrees £45m loan
Custodian REIT is to spend £25m on property acquisitions and will repay £20m of existing term loans ahead of their expiry after agreeing a new £45m debt facility. Lloyds Bank Commercial Banking’s Real Estate team and Scottish Widows will provide the loan, which has a 12-year term at an all-in fixed rate of 3%.
Lloyds in leadership shuffle
Lloyds has reshuffled its leadership team following the departure of Marty Green. Richard Heath will take over his position as head of private real estate corporates. Heath’s former position as head of the listed client team will be taken by Ian Goldsworthy, who joined from Kennedy Wilson last year.
