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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Taliesin Pty | TPF | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 4,450.00 | 01:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 4,450.00 | 4,450.00 |
| Top Posts |
|---|
Posted at 15/4/2016 13:31 by davebowler Westhouse-Taliesin Property Fund results The Adjusted NAV per share rose 42.9% in 2015 to end the year at €31.44, as at 31 December 2015. As at 31 December 2014 the NAV per share stood at €22, reflecting the €2 per share return of capital to shareholders during 2015. The property portfolio is valued at €267.7M, an increase of 27.9% after adjusting for property disposals and capital expenditure. This increase in value is a result of general market trends including a continued rise in rents and better reflects the privatisation potential of the portfolio given the price per square metre achieved so far for privatised units. TPF’s first privatisation project is almost completely sold at an average price of €3,750 psqm. The portfolio was valued at €2,240 psqm, as at 31 December 2015, by Jones Lang LaSalle (JLL). TPF successfully refinanced maturing senior loans in 2015 at lower interest rates and higher principal amounts and expects this process to continue in 2016. The Chairman, Nigel Le Quesne, highlighted that there has been a marked improvement in the real estate financing market, both in terms of loan-to-value on buildings and to interest costs. The dramatic decline in the prevailing interest rates has transformed the market for borrowers such as TPF. As at the end of 2015, approximately 40% of the total sovereign debt in the Euro area offered negative yields. He expects TPF to continue to return capital to shareholders via proceeds of privatisation sales and refinancing and also highlights the attraction of high quality yielding assets, such as the properties of TPF, for yield hungry buyers. We believe that TPF continues to offer investors the opportunity to buy a seasoned portfolio of well selected Berlin properties with considerable further upside potential. .................... But PSDL still cheaper in NAV terms imho. |
Posted at 16/4/2015 08:38 by m.t.glass Share price movement over the past few years has taken it from discount, to premium, vs nav. Today's statement naturally seeks to justify the premium - but the run-up from discount to premium being done, that element is no longer a prospect for anyone buying in now.The very detailed analysis of the Berlin property market makes interesting reading, and usefully includes assessment of regional factors such as situations in Ukraine and Greece. Useful to any investors looking at other german stocks and german property. |
Posted at 22/10/2013 09:20 by cerrito Not in these yet but am in TPFZAs far as I can make out rent control in not a big issue in the Grand colaition talks Interested to read the following The Bundesbank has warned that apartment prices in Germany's biggest cities could be overvalued by as much as 20%, stepping up its concern about a real estate boom in the Euro-zone's largest economy. Flats in Berlin, Munich, Hamburg, Cologne, Frankfurt, Stuttgart and Düsseldorf had, on average, seen prices rise more than 25 per cent since 2010. "After the real estate bubbles in the US and several European house markets burst, the German property market, which had been quiet for many years, became more attractive to international investors," the Bundesbank said in its monthly report for October. |
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