Sirius Real Estate expanded its German portfolio with a strategic defence-anchored business park acquisition, while IP Group launched a new A$150 million climate tech fund in Australia. Meanwhile, Electric Guitar reported delays and a potential strategy shift in its proposed Dunbar Energy acquisition, now considering other US oil and gas assets. Separately, EnSilica announced its intention to list on the OTCQB Venture Market to broaden its investor base, and CT UK High Income Trust declared an increased total dividend and capital repayment for the year.
Sirius Real Estate SRE announced the notarisation of its acquisition of a business park in Kiel, Germany, for €93.4 million, including acquisition costs. The property, largely occupied by Germany's largest defence company, Rheinmetall, boasts a 98.5% occupancy rate and generates €7.78 million in annual rental income. This strategic purchase, reflecting an 8.2% EPRA Net Initial Yield, adds a significant defence-anchored asset to Sirius's German portfolio and reinforces its defensive income streams.
IP Group IPO announced the launch of the IP Group Climate Catalyst Fund in partnership with Australia's Clean Energy Finance Corporation. The new fund aims to raise up to A$150 million to invest in Australian cleantech companies focused on decarbonising hard-to-abate industries. IP Group will be a cornerstone investor, contributing A$30 million, underscoring its strategy to expand private capital under management and commercialise innovative science and technology solutions.
Electric Guitar ELEG announced delays in its proposed acquisition of Dunbar Energy Inc., attributing them to evolving asset bases and structuring issues at Dunbar. Despite ongoing discussions, the company's board is now actively negotiating to potentially acquire interests in other US oil and gas assets. This development suggests a possible pivot in Electric Guitar's growth strategy as it continues to pursue its mission in the energy sector, while shares remain suspended from trading.
EnSilica ENSI, an application-specific chipmaker, announced its plans to seek public cross-trading for its ordinary shares on the OTCQB Venture Market in the United States. This strategic initiative aims to broaden the company's investor base and improve liquidity, particularly for North American investors. The shares will continue to trade on AIM, with a further announcement expected upon approval of the OTCQB application, marking a step towards international market exposure.
CT UK High Income Trust CHI announced its fourth-quarter dividend of 1.85 pence per Ordinary share, with an equivalent capital repayment for B shareholders. For the financial year ending March 31, 2026, total dividends and capital repayments collectively increased by 2.9% to 5.96 pence per share compared to the previous year. These payouts will be made on May 8, 2026, to shareholders on record by April 10, 2026, underscoring consistent shareholder returns.