Rockspring fund raises €211m
Rockspring Property Investment Managers has completed the fourth close of its Rockspring TransEuropean VI LP fund, securing a further €211m (£172m) since the fund’s first close in September 2015. So far €428.5m has been raised for TEP VI, exceeding the target of €400m. The fund will continue to raise cash until its final close in July.
Starwood agrees Varde refi
Starwood Capital’s European real estate finance business has arranged a £158m loan for Varde Partners. The loan covers the refinancing of 141 UK retail, office and industrial assets. Starwood will provide £35m of mezzanine finance, with £123m provided by an investment bank in the form of a senior loan.
Numbers up for Countryside
Countryside Properties has posted a rise in revenue and profit for the six months ended 31 March. The housebuilder posted revenue of £286.2m for the period, up from £223m in H1 2015, and a pretax profit of £18.1m, up from £12.1m a year ago. Completions increased by 15% year-on-year to 1,095 units, up from 949 units a year earlier.
Assura profits rise
Healthcare specialist Assura posted a 78% rise in underlying profit to £28.3m in its full-year results to the end of March. The company’s portfolio of primary healthcare centres rose in value by 19.9% to more than £1.1bn. The growth took Assura’s NAV to 45.8p per share, a rise of 3.9%.
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