QuotedData morning briefing August 26, 2021
In QuotedData’s morning briefing on August 26, 2021:
- Stenprop (pls) acquired the Whitacre Industrial Park in Huddersfield and a wallet five MLI domains (the Duke wallet) across the UK, for a total consideration of £ 15 million. The combined purchase price reflects a net initial return by 7.2% and a capital value of £ 64 per square foot. As a result of these acquisitions, Stenprop’s MLI portfolio now totals more than 6.3 million square feet in 90 areas. Having recently finalized the sale of the Hermann Quartier shopping center in Berlin, MLI now accounts for 83% of Stenprop’s total portfolio as it remains on track to be a fully concentrated MLI REIT by the end of this fiscal year. Will Lutton, Head of Investments, said: “We are confident that adding these MLI assets, in undersupplied regional locations, will allow us to dramatically increase rents over time through the application of our smart rental solution and platform. Management. “
- Hg Capital has made a new investment in Riskalyze, an industry-leading risk-centric wealth management platform serving financial advisers, businesses and asset managers. Terms of the agreement are not being disclosed. The transaction marks a major inflection point for the fast-growing company, which supports tens of thousands of financial advisers who use it to manage millions of accounts receivable with more than $ 400 billion in assets. This will allow the company to continue to invest in its strategy to serve the advisor office, providing risk, portfolio analysis, proposal, trading and compliance solutions to advisors and wealth management firms. . Co-founder of Riskalyse Aaron Klein will reinvest the majority of its holdings in the recapitalized business and continue to run the business as CEO and member of the Read our guide to Boards and Directors " class="glossary_term">plank. He said: “We are delighted to welcome Hg to the Riskalyze team and are delighted to have found the perfect partner to write this next chapter in our story. When we embarked on this journey ten years ago, we quickly realized that we were not just building a business, but a movement – and the tens of thousands of advisors who make up the Fearless Investing Movement have taken a big step forward today. ‘hui in a future of innovation and growth. “Max Dewez, Director at Hg, said: “Riskalyse has seen significant momentum in recent years. The team has successfully established themselves as a premier supplier SaaS tool that solves real business challenges in a sector still experiencing increasing technological adoption. Riskalysis software enables advisors to participate in key trends in wealth management and offer more comprehensive engagement with their clients. We’re excited to join the team and sustain the momentum of a modern, large-scale software company, backed by a visionary founding CEO and strong support team.“
We also have an update from British Land on their new business model and strategy as Greencoat Renewables hosts an EGM.
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