We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Register for streaming realtime charts, analysis tools, and prices.
| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Teesland | TLD | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 189.00 | 01:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 189.00 | 189.00 |
| Top Posts |
|---|
Posted at 27/11/2006 11:50 by cockneyrebel DJ Teesland Launches EUR850M Nordic Property Fund >TLD.LN LONDON (Dow Jones)--U.K. and European property fund manager Teesland PLC (TLD.LN) Monday launched a EUR850 million property fund to invest in the Nordic region. The fund will comprise EUR300 million of equity, of which EUR258 million has already been raised, and EUR550 million of debt provided by HBOS PLC (HBOS.LN). Teesland said it expects to raise the remaining equity at the fund's second closing early next year. Investors in the fund include Morley Fund Management, F&C Property Asset Management PLC (FCAM.LN) and Dutch property asset manager Achmea Vastgoed B.V. The fund expects to deliver an annual return to investors of 8%. The company said the main attractions of the Nordic market were a strong and growing economy, the size and transparency of the market and a comparatively high yield. The fund's initial portfolio totals EUR450 million and comprises 63 properties across Sweden, Denmark and Finland. It will acquire the properties from a joint venture between private property company the Scarborough Group and Bank of Scotland at a net initial yield of 7.5%. Teesland will manage the portfolio from its offices in Malmo and Stockholm and its local partners in Oslo and Helsinki. |
Posted at 02/5/2006 12:16 by this_is_me The company now manages £2.6bn-worth of property on behalf of institutional and private investors, up from £1.8bn at the end of 2004. Among last year's launches were a £70m central European industrial property fund, and a £50m student accommodation fund. And the group is now planning a Nordic fund, taking advantage of the strong economic growth in that region. Teesland is also says it's interested in the German commercial property market, which many pundits say is due for recovery after years in the doldrums. House broker KBC Peel Hunt forecasts adjusted full-year EPS of 6.2p for this year, rising to 7.1p in 2006-07. |
Posted at 06/1/2006 15:59 by charlie100 Heard that a number of warm scottish investors have bought in....... |
Posted at 01/11/2005 14:26 by tole Teesland receives takeover approachPalmer is one party in talks with fund manager 23.09.2005 By Molly Dover Property fund manager Teesland has received a takeover approach. The company, which itself acquired John Sims' Property Fund Management business a year ago, confirmed to the stock exchange on Monday that it had received an approach, and said that discussions were at a preliminary stage. Ray Palmer's Palmer Capital Partners is one party that has made an approach. It is understood to have been in discussions with Teesland in the past, and is believed to be in ongoing talks. Teesland has received more than one approach, and Monday's announcement is expected to spark widespread interest in the company, which has £2.4bn of assets under management and a network of European offices. Rival property fund manager Capital & Regional is not thought to be considering an approach for the company, and neither is Arlington Securities, which acquired fund management business Aberdeen Property Investors in May last year. Arlington chief executive Patrick Deigman told Property Week: 'Arlington did have an interest in Teesland and, although we have not pursued discussions on this occasion, it is good to see that property fund management businesses are proving so popular.' Warner Estate Holdings, which bought industrial investor and fund manager Ashtenne for £168m in April, had not approached Teesland before Monday's announcement. It may now be prompted to do so. Market experts have been surprised by Teesland's announcement. The company had been considered acquisitive rather than a candidate for takeover. Teesland, headed by chief executive Mickola Wilson, will be attractive to existing fund managers looking to increase their assets under management, as well as to anyone looking for a presence in Europe. It has offices in Paris, Amsterdam, Copenhagen, Berlin, Spain and Warsaw as a result of its acquisition of specialist industrial fund manager IOG Group. Teesland's share price jumped 12.5% to close at 90p after the announcement on Monday and continued to rise to 97.5p the following day. Teesland's market capitalisation is around £116m, but industry experts suggested that any bid for the company is likely to be in the region of £150m. This equates to around 125p a share. Teesland's largest shareholder is chairman Kevin McCabe, who through his own stake and that of his company, Scarborough Group, controls 13.7% of the company. A further 3.91% is owned by the other company directors including chief executive Mickola Wilson and finance director, Stephen McBride. Bank of Scotland owns 8.62% and fund manager Artemis holds 6.93%. Other significant shareholders include global investment manager AMVESCAP, which has a 3.58% stake, and Fleming Mercantile Investment Trust, which owns 3.12%. |
Posted at 31/10/2005 09:33 by tole British fund to buy Denmark's largest office building18-10-2005 Property and construction: The British-based estate investor, Teesland, has acquired Denmark's largest office building, "Store Hus" in Hvidovre, approx. ten km from Copenhagen City and the airport through its Danish subsidiary iOG Danmark. The 70,000 square metre building was built by a Danish developer; however, in connection with his failure it was taken over by Realkredit Danmark that has now resold the property at 60 million Euros. Presently half the property is empty; among others a 3,500 square metre shopping arcade at ground level which was supposed to service the other floors. iOG Danmark will adapt the office building to decrease the idling to ten per cent over the next three years . iOG has specialised in establishing estate funds for pension funds and institutional investors. In Denmark there is an estate fund with eight pension funds as investors and since last summer they have acquired approx. 200 properties in Denmark for nearly 130 million Euros. Moreover, the fund is to invest another approx. 70 million Euros in non-residential properties within storage and light production and industry. |
Posted at 01/7/2005 13:04 by cockneyrebel good news if you're an investor in this Teesland investment trust:RNS Number:3612O Teesland Advantage Property Inc Tst 01 July 2005 TEESLAND ADVANTAGE PROPERTY INCOME TRUST LIMITED (THE "COMPANY") PORTFOLIO RESTRUCTURING Teesland Advantage Property Income Trust is pleased to announce a recent portfolio transaction. The Company has of 30 June 2005 agreed with Halfords, the Company's largest tenant, to restructure a number of its leases. The restructuring involves the payment of a premium to the tenant in exchange for removal of a number of break options, early agreement of rent reviews due next year and addition of minimum rental uplifts to a number of leases. The increase in value of the relevant properties will substantially exceed the premium to be paid. The net benefit, after also allowing for the increase in value of the relevant properties over the quarter to the end of June, is estimated to add in excess of 5p to the Net Asset Value per share of the Company. The lease re-structuring also has the effect of increasing the average lease length of the portfolio to around 10.43 years as at 30 June 2005. For further information contact: Anson Fund Managers Limited Company Secretary Tel: Guernsey 01481 722260 1 July 2005 This information is provided by RNS The company news service from the London Stock Exchange END PFUSSLFEFSISELW For more information and to contact AFX: www.afxnews.com and www.afxpress.com |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
Hot Features
Premium
