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UCP Ucp

2.60
0.00 (0.00%)
24 Apr 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Ucp LSE:UCP London Ordinary Share IM00B1HWL911 ORD 1P
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.00% 2.60 0.00 01:00:00
Bid Price Offer Price High Price Low Price Open Price
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
  -
Last Trade Time Trade Type Trade Size Trade Price Currency
- O 0 2.60 GBX

Ucp (UCP) Latest News

Real-Time news about Ucp (London Stock Exchange): 0 recent articles

Ucp (UCP) Discussions and Chat

Ucp Forums and Chat

Date Time Title Posts
04/4/201517:23its a buy, end of!2
22/1/201516:55Unitech Corporate Parks - Indian foreign investment3,851

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Ucp (UCP) Top Chat Posts

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Posted at 21/10/2013 08:40 by darlocst
hxxp://www.thehindubusinessline.com/companies/unitech-inks-rs-1000-cr-office-leasing-deal-with-accenture/article5254018.ece

"Realty firm Unitech Group has leased 8.1 lakh square feet of space in its under-construction Gurgaon IT SEZ to Accenture in a deal that will give Rs 1,000 crore of rental income over 15 years.

Unitech and its group firm Unitech Corporate Parks (UCP), which is listed in London, last week signed the lease deed with Accenture, sources said.

Unitech and UCP, listed on the AIM of the London Stock Exchange, are in talks to sell their entire stake in the special economic zone (SEZ) being built for IT companies in Gurgaon.

The duo are in talks with private equity firm Blackstone and Singapore's sovereign wealth fund GIC for selling their stake in the IT SEZ for an estimated Rs 2,700 crore.

The leasing agreement with Accenture could help Unitech and UCP get better valuation for their SEZ 'IST Infospace Gurgaon', which has a total leasable area of 36 lakh sq ft....

According to sources, the leasing deal has been signed with Accenture recently for 15 years with escalation clause.

The office space has been leased at a monthly rental of over Rs 60 per sq ft, helping Unitech and UCP earn a potential rental income of about Rs 1,000 crore over the next 15 years, sources said.

A Unitech spokesperson declined to comment on the development.

With this deal, about 90 per cent of the total leasable area in this SEZ has been absorbed. The major portion has been taken up by Accenture at nearly 12 lakh sq ft. RBS, Sapient, Bank of America, E&Y and Amdocs are the other major tenants in this SEZ.

Last month, Unitech and UCP had leased 8 lakh sq ft of office space in another SEZ in Gurgaon to US-based consultancy firm Aon Hewitt for 15 years. The leasing deal in its Gurgaon Infospace Tikri SEZ with Aon Hewitt is worth Rs 800 crore."
Posted at 05/8/2013 20:49 by horndean eagle
Results out this week. Uplift seems a little optimistic. I think cap yields were circa 11.5% at last valuation. I think the sale price is circa 10%. Id say uplift 10p or so. A lot of which will be eaten away by rupee collapsing against sterling. Welcome all the same if it happens.
Posted at 05/8/2013 15:37 by cgequityinvest
Further update on sale.




If numbers are correct at 2700 Crore for total value then UCP 60% share worth circa £180m.

We are waiting for March 13 accounts but my guesstimate is that historic value in UCP is circa £80-100m. An uplift to £180m could therefore be worth circa 25p per share in terms of increased NAV.

Anybody get the same figures? Anybody know when the audited accounts are due out - must be soon. Previously there has been reference to the landowner sharing in any uplift in value which could depress the numbers. However this is not mentioned in the article.
Posted at 07/6/2013 14:37 by whibbled
RNS (Number 1)

RNS Number : 5564G
07 June 2013
UNITECH CORPORATE PARKS PLC

Holdings in Company

Unitech Corporate Parks Plc ("UCP") received notification on 7 June 2013 from Brookfield International Bank Inc, that it has acquired an additional 3,000,000 ordinary shares in UCP at 40p each. This brings its total holding to 59,955,005 ordinary shares which represents 16.65% of UCP's issued share capital.
Posted at 01/5/2013 23:05 by whibbled
STRANGE RNS (NECTRUS)


RNS Number : 4525D
Unitech Corporate Parks Plc
29 April 2013

Investment Manager's Shareholding

Unitech Corporate Parks Plc ("UCP" or "the Company") has today received notification that on 26 April 2013 Nectrus Limited, the Company's Investment Manager, acquired 333,000 ordinary shares in UCP ("Ordinary Shares") at 36.12 pence per Ordinary Share. Following this transaction, Nectrus Limited is interested in 47,085,428 Ordinary Shares, representing 13.08% of UCP's issued share capital.
--------------------------------------------------------------------------------


Was this an 'off-market' purchase ?

NO shares were listed as purchased at 36.12p on 26 April 2013 !
Posted at 22/4/2013 21:33 by whibbled
RNS - SC Fundamental LLC....now a MAJOR Shareholder!


RNS Number : 9502C
22 April 2013
UNITECH CORPORATE PARKS PLC

Holdings in Company

Unitech Corporate Parks Plc ("UCP") has received notification on 22 April 2013

from SC Fundamental LLC, New York, that, together with affiliated parties, it

is interested in 49,298,924 ordinary shares in UCP, representing 13.69% of

UCP's issued share capital

___________________________________________________________________________


Previous History (17/11/2011) 21,786,597 shares = 6.05%
Posted at 19/3/2013 19:40 by whibbled
RNS Number : 3886A
Unitech Corporate Parks Plc
19 March 2013
UNITECH CORPORATE PARKS PLC

Investment Manager's Shareholding

Unitech Corporate Parks Plc ("UCP" or "the Company") has today received notification that on 15 March 2013 and 18 March 2013 Nectrus Limited, the Company's Investment Manager, acquired 670,000 ordinary shares and 2,670,737 ordinary shares in UCP ("Ordinary Shares") respectively at 35.00 pence per Ordinary Share. Following this transaction, Nectrus Limited is interested in 41,707,428 Ordinary Shares, representing 11.59% of UCP's issued share capital.

The Company has today been further notified that Fairway Advisory Services Limited ("Fairway") disposed of their entire holding of 2,670,737 Ordinary Shares at a price of 35.00 pence per Ordinary Share on 18 March 2013. As a result of this sale, Fairway ceases to have a holding in the Company's Ordinary Shares.

Fairway is jointly owned by Ajay Chandra (a director of UCP) and Sanjay Chandra (a director of Nectrus Limited), the Company's Investment Manager.

-------------------------------------------------------------------------------

Interesting move! Quick £195k profit for the Chandras?

I wonder what else is afoot.
Posted at 14/2/2013 16:07 by horndean eagle
Not sure whether it had been flagged up previously or not but in early December a story was doing the rounds in India that Blackstone were in talks with Unitech to acquire their 40% holding in our assets. The valuation mooted in the transaction is at a big fat premium to where we are currently trading. I imagine Blackrock would be keen to take on the whole lot and so wouldn't be surprised if an offer for UCP wouldn't be far behind if the above transaction acme to fruition.



Word of caution though we have had a lot of stories over in India that never came to anything but we know BlackRock are keen for assets in India so a transaction in one form or another wouldn't be a huge surprise. If it comes off then ISH will start to look very attractive given its discount to NAV and stated aim of liquidating assets and returning cash.
Posted at 20/12/2012 16:03 by scburbs
HE,

Do they use the same valuation methodology? UCP took a massive hit at the time that Unitech were trying to take them over on the cheap (coincidence I am sure!).

"A new methodology was also used which now values partially constructed developments and undeveloped land on the basis of comparable land values plus cost of construction to date."

They moved to a cost based approach supported by land values whilst I suspect is rather more prudent than some form of NPV approach (if that is what ISH use?). Unless ISH use the same valuation methodology a comparison is very difficult.

I have taken profits on UCP having been lucky enough to be buying at 21p.
Posted at 21/9/2012 14:43 by scburbs
Good to see the share price ticking up on news of a purchase 6 months ago! Brookfield seem to have been rather tardy with their disclosure.

"Unitech Corporate Parks Plc ("UCP" or "the Company") received notification on 20 September 2012 that on 15 March 2012 Brookfield International Bank Inc. (formerly Trilon International Inc) acquired 4,000,000 ordinary shares in UCP ("Ordinary Shares") representing 1.1% of the Company's issued share capital at a price of 30p per share.

...

Following this transaction Brookfield International Bank Inc is interested in 56,955,005 Ordinary shares representing 15.82% of UCP's issued share capital."
Ucp share price data is direct from the London Stock Exchange

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