27, 2022 /PRNewswire/ - The Bank of New York Mellon Corporation and Aviva Investors, the global asset management business of Aviva plc, announce that Aviva Investors has appointed BNY Mellon to provide a fully integrated operating model for certain front-office support services, as well as middle- and back-office activities. UBS and Deutsche Bank cut BHP price targetĪNALYST RECOMMENDATIONS : Applovin, BAE Systems, Evercore, Jefferies, Target.LONDON and NEW YORK, Sept.
JPMorgan Reduces Aviva PT, Maintains Overweight Rating UK's Direct Line names Aviva executive Adam Winslow as CEOįTSE 100 hits 1-week high on real estate, personal goods shares boostįTSE 100 rises on boost from personal goods stocks Liontrust lifts mid-capsĪVIVA PLC : Ex-dividend day for for interim dividendĪviva CEO Amanda Blanc buys GBP100,000 in shares Insurers lift European shares ahead of key economic dataĭirect Line appoints CEO Prudential swings to profit Weight-loss drug Wegovy debuts in UK even as Novo Nordisk struggles with suppliesīritish private insurer Aviva will not pay for Novo's weight-loss drug WegovyįTSE 100 flat as sagging miners eclipse gains in real estate, set for monthly fallĪviva Appoints Jason Storah as CEO of Its UK & Ireland General Insurance BusinessĮuropean shares subdued by Orsted slide, insurers riseĭirect Line Insurance appoints Aviva regional boss as new CEOįTSE 100 climbs as insurer Prudential jumps on strong earnings Pent-up private Wegovy demand prompts UK availability concernsĪviva, Legal & General Face Discrimination Allegations from XTX Markets RBC ups ConvaTec Peel Hunt cuts Harbour Energy Shaftesbury Capital declared an interim dividend 1.5 pence, up 88% from 0.8p.īy Greg Rosenvinge, Alliance News reporterĬomments and questions to 2023 Alliance News Ltd. Some 220 leasing transactions were completed in the first half. Revenue doubled to GBP82.4 million from GBP35.9 million, with net rental income soaring to GBP58.3 million from GBP26.9 million. Shares in Shaftesbury Capital were down 0.7% to 123.20 pence each in London on Monday at the open.Įarlier this month, Shaftesbury Capital reported a swing to interim profit on the back of strong leasing demand, high occupancy and rental growth.įor the first half of 2023, pretax profit was GBP799.1 million, swung from a loss of GBP5.9 million a year earlier. Shaftesbury Capital said the financing demonstrated a "continuation of the strong relationship" with Aviva Investors and underlines the attractiveness of the company's property portfolio to a broad range of institutional capital.Ĭhief Financial Officer Situl Jobanputra said that the move enhanced Shaftesbury Capital's debt maturity profile.Īviva Investors Head of Real Estate Debt Gregor Bamert commented: "We have a strong conviction on well-curated and thriving locations, managed by market leading clients, of which the Carnaby estate and Shaftesbury Capital are both compelling examples." The proceeds of the facility will be used to partly repay Shaftesbury Capital's GBP576 million unsecured loan, which was drawn in April 2023 to fund the repayment of the Shaftesbury PLC secured bonds.Īs a result, Shaftesbury Capital said the weighted average maturity of drawn debt will be extended to five years, with the weighted average cost of debt being 4.2%, reducing to an effective cash cost of 3.3% when considering interest income on cash deposits and the benefit of interest rate hedging. When blended with the existing Carnaby term loans, Shaftesbury Capital said the annual cash interest rate for the aggregate GBP450 million of secured term loans with Aviva Investors will be 47%. Shaftesbury Capital said the additional financing has been priced referencing 10-year UK gilt yields. The new GBP200 million loan will be secured against a portfolio of assets within the Carnaby estate in London, Shaftesbury Capital said, while the two existing loans share in the asset security of the Carnaby estate. The new loan will sit alongside existing secured term loans with Aviva Investors of GBP130 million and GBP120 million, which mature in 20 respectively. It is a real estate investment trust that invests in London's West End, including Covent Garden, Carnaby, Soho, Chinatown and Fitzrovia.
London- and Johannesburg-listed Shaftesbury Capital was formed in March by the all-share merger of Shaftesbury PLC and Capital & Counties Properties PLC. (Alliance News) - Shaftesbury Capital PLC on Monday said it agreed a new 10-year loan of GBP200 million with Aviva Investors, the global asset management business of Aviva PLC.
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