In QuotedData’s morning briefing 29 October 2024:

• Murray Income Trust (MUT) has a new, £30m (extendable to £50m) unsecured, three year multi-currency revolving credit facility with The Royal Bank of Scotland which will expire on 22 October 2027. CHF363,000, USD2.4m, EUR4.05m, NOK4.275m and DKK2.75m (equivalent to £6.1m in aggregate) has already been drawn down and used to repay the company’s drawings under its £50m revolving credit facility with The Bank of Nova Scotia, London Branch, which expired on 27 October 2024. The company also has £100m of long term borrowings (£40m loan notes redeemable at par in November 2027 and £60m loan notes redeemable at par in May 2029).
• Great Portland Estates (GPE) has exchanged contracts to acquire 19/23 Wells Street, in London’s West End, for £19m (equating to £991 per sq ft), from British Land (BLND). Located in Fitzrovia, the 19,182 sq ft building comprises basement, ground and five upper floors. GPE intends to convert the space to its fully managed offer, together with transforming the ground floor space to deliver best-in-class amenity for its customers. The building adds to GPE’s cluster of fully managed offices in Fitzrovia, which includes wells&more, Elsley House, Kent House and 7/15 Gresse Street.
• Target Healthcare REIT (THRL) has reported a 0.9% uplift in EPRA net tangible assets to 111.7p per share over the quarter to 30 September 2024. This reflected a like-for-like increase in the portfolio valuation to £916.4m, which in turn was driven by the portfolio’s inflation-linked rent reviews. Adjusted EPRA earnings per share for the quarter was 1.55p, fully covering the quarterly dividend of 1.471p.
• Trading in Gulf Investment Fund’s (GIF) shares has been suspended ahead of its liquidation.

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