In QuotedData’s morning briefing 9 January 2025:

• Blackstone Loan Financing (BGLF) will return €260m to shareholders via a compulsory redemption of 344,325,255 shares at €0.7551 per share on 4 February. This will shrink the company by 98.39%. On this basis, a holder of 10,000 shares will have 9,839 Shares redeemed, and receive €7,429.43 in cash. The EGM to wind up the company is being held on 15 January 2025.
• Seraphim Space (SSIT) has published its latest newsletter, revealing that ICEEYE successfully closed an additional $65m extension to it growth funding round. This brings the company’s total raised in 2024 to $158m. There was additional funding for Pixxel, and SatVu; AST Space Mobile secured a 10-year deal with Vodafone; and the latest SpaceX launch was carrying satellites for HawkEye 360, ICEYE, and Tomorrow.io.
• Tiny investment company,Tiger Royalties (TIR) has adopted a new investing policy and issued a lot of shares. Jonathan Bixby and Brian Stockbridge have joined its board. It has acquired Bixby Technology and will focus “on identifying technology enterprises to invest in and incubate by providing incubation services and mentorship to technology entrepreneurs. Bixby Technology will be targeting new fast growth technology products and projects in return for project participation in line with the previous carry interest mechanics of Tiger under its existing investing policy”.
• Harworth Group (HWG) updated on fourth quarter 2024 activity, in which it sold 1,896 residential plots at a headline sales value of £71.7m, bringing total residential plot sales for 2024 to 2,385 (2023: 1,170 plots) with a total headline sales value of £104.1m (2023: £52.1m). Alongside these residential plot sales, HWG also completed land sales at Skelton Grange (27 acres to Microsoft for a data centre development) and Ansty (278 acres), for total headline sales value of £106.3m.
• CLS Holdings (CLI) announced a 10-year lease with law firm Signature Litigation LLP for 29,816 sq ft (2,770 sqm) of office space at 138 Fetter Lane, in London’s Midtown. The letting was completed at 2.3% above the latest estimated rental value (ERV).
• Derwent London (DLN) has pre-let the entirety of its 204,300 sq ft office development at 25 Baker Street, following two new recent leasing deals. Ahead of completion later in the first half of 2025, the building is fully let to five tenants at a rent roll of £21.2m. Rents across the building range from £98 to £113 per sq ft, with the £104 per sq ft average a 16.5% premium to the appraisal ERV, setting a new benchmark for the area. The weighted average lease term (to break) is 13.5 years, with over 70% on 15-year terms certain.