All Propcos articles
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OnlineI-RES repeats plea to investors to reject activist investor proposals
The board of Irish Residential Properties REIT has urged investors to vote against all resolutions proposed by Vision Capital, a 5% shareholder in the company.
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OnlineAbrdn reveals £150m cost-cutting plans
Investment giant abrdn has confirmed it is set to shed around 500 jobs as it seeks to slash annual costs and make its business more profitable.
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OnlineCrest Nicholson CEO to quit after posting 70% slump in annual profit
Crest Nicholson chief executive Peter Truscott is quitting the company after the housebuilding giant revealed a 70% slump in annual profit.
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OnlineNorthern Ireland Investment Fund provides £28m loan on Belfast hotel
JMK Group lands development finance for Titanic Quarter hotel scheme.
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OnlineGPE reports ERV uplift, but remains cautious
Investor reports leasing in Q4 2023 was 10.4% ahead of estimated rental values.
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OnlineWatkin Jones swings to full-year loss as it eyes 2024 recovery
The student accommodation and build-to-rent developer went into the red during the 12 months to the end of last September.
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OnlineWarehouse REIT boasts of ‘strong quarter’
Warehouse REIT has told investors that it enjoyed “a strong quarter of leasing activity” during the three months to 31 December.
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OnlineNewRiver hits record occupancy level
NewRiver REIT has achieved record occupancy across its regional retail portfolio following a “strong leasing performance” during its third quarter.
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OnlineHome REIT board to walk away from troubled firm en masse
The board of the troubled residential investor Home REIT is set to resign en masse following the appointment of a new chairman.
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OnlineIPSX staff pay almost doubled despite £7m loss in year before collapse
The International Property Securities Exchange (IPSX) almost doubled staff pay in the year to the end of June 2022, ahead of announcing its collapse last September.
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OnlineNAV up 4.7% at Safestore but profits down
Self-storage group posts 4.7% rise in net asset value for year to end of October.
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OnlineCairn Homes bucks housebuilding trends with record 2023
The Irish housebuilder achieved its strongest ever operational and financial performance.
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OnlineMike Ashley considers bid for Sheffield’s Meadowhall
The Sports Direct founder is considering his biggest investment to date in the retail property market.
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OnlineCrest Nicholson cuts full-year profit forecast again
Housebuilder Crest Nicholson has cut its annual profit forecast for the third time in six months, citing higher costs related to sites and an exceptional £13m charge due to a legal claim.
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OnlineLondonMetric to take over LXi in £1.9bn deal
LondonMetric has agreed a £1.9bn takeover of Nick Leslau’s LXi REIT, in a deal that will create the UK’s fourth largest REIT with net tangible assets of £4.1bn.
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OnlinePersimmon warns on “highly uncertain” housing market in 2024
Housebuilding giant Persimmon said it expects the housing market to remain “highly uncertain” in 2024, despite achieving higher sales than expected in 2023.
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OnlineWinkworth blames Truss's mini-budget for fall in annual home sales
Estate agency group M Winkworth has blamed the September 2022 mini-Budget of former prime minister Liz Truss and then chancellor Kwasi Kwarteng for a downturn in the UK property market and its annual trading in 2023.
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OnlineAssura claims robust financial performance in third quarter
Healthcare property group Assura has told investors it is in a “robust financial position” after the third quarter of its financial year.
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OnlineBelvoir and Property Franchise Group reveal £214m merger
Estate agent brands Belvoir and The Property Franchise Group (TPFG) have revealed an all-share merger.
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NewsHome REIT takes legal action against tenants withholding rent as sell-off continues
Home REIT has revealed its investment manager AEW is taking legal action against selected tenants that continue to withhold rent, as it continues to auction off assets.
