All Propcos articles – Page 7
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OnlineVistry’s shares soar on merger plans for housebuilding and affordable homes arm
Investors have welcomed Vistry’s plans to merge its housebuilding and affordable homes divisions, after it posted a more than 8% fall in profits for the first half of this year.
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OnlineLondonMetric sells almost £17m of assets
LondonMetric Property has sold four long-income and retail assets for £16.9m, in line with book value.
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OnlineBerkeley to resume land acquisition ‘selectively’
Upmarket housebuilder Berkeley Group will tell investors at its annual general meeting today (Friday) that it is on course to hit its profit forecast and will lift its pause on land acquisition for developments, but only selectively.
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OnlineHome REIT loses another tenant as Supportive Homes CIC goes under
Home REIT tenant Supportive Homes CIC has entered a creditors’ voluntary liquidation, just weeks after it filed to be dissolved.
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OnlineHouse prices fall at fastest rate since 2009, Halifax index shows
The average UK house price dropped 4.6% in the year to August, falling at the fastest annual rate since 2009, according to the latest index from Halifax.
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OnlineCairn Homes reveals record order book
Irish housebuilder Cairn Homes has revealed a record order book equating to net sales of €1bn (£860m).
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OnlineProfit and revenue hit at Winkworth as homebuyers delay completions
Estate agency group M Winkworth’s revenue dipped 5% to £26.4m for the half-year to the end of June, compared to £27.7m during the same period last year, while Pre-tax profit slumped 24% to £810,000, compared to £1.07m last time, after a weak second quarter.
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OnlineProfit plunges at Barratt due to economic headwinds
Housebuilding giant Barratt Developments was hit by a 16.2% fall in pre-tax profit to £884.3m, compared to more than £1bn in the previous year, despite a 1% rise in revenue to £5.3bn in the year to the end of June.
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OnlineMailbox prepares to exit IPSX as exchange winds down
Mailbox REIT has revealed it will quit the International Property Securities Exchange (IPSX) following the announcement that the single-asset investment market is winding down its business following funding issues.
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NewsHome REIT plans boardroom clearout over next 12 months
Home REIT plans to replace all of its board members within the next 12 months as the scandal-hit social housing investor desperately attempts to turn its fortunes around.
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OnlineIPSX to wind down as it fails to find new investment
The International Property Securities Exchange (IPSX) is set to wind down claiming its aim to “revolutionise” property investment has been hit by “a lot of bad luck”.
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OnlinePHP appoints former NewRiver director Davies as CEO
Primary Health Properties (PHP) has appointed NewRiver REIT co-founder Mark Davies as its next chief executive.
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OnlineHalf-year profit rises at Belvoir
Estate agency franchise firm Belvoir Group has posted a 3% rise in revenue for the first half of its financial year to the end of June to £15.9m, compared to £15.4m for the same period last year.
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NewsHammerson issues £100m bond tap of existing £200m bonds maturing 2028
Hammerson has priced a £100m increase of its existing £200m 7.25% coupon bonds maturing in 2028, resulting in an outstanding notional of £300m.
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OnlineShaftesbury Capital to sell £100m-plus Fitzrovia portfolio
Shaftesbury Capital has instructed CBRE to sell the group’s Fitzrovia assets in London for in excess of £100m, according to reports.
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OnlineDalata reports strong revenue growth but profit dips
Dalata Hotels has posted a 3% fall in profit despite a 29% rise in revenue during the first half of the year.
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NewsC&W refinances $1.4bn of debt
Global real estate giant Cushman &Wakefield (C&W) has secured a $1bn (£793.5m) refinancing loan and closed the offering of $400m of its senior secured notes to strengthen its ability to deliver on its strategic priorities.
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OnlineBromford and LGIM co-create sector-first £50m funding partnership
Legal & General Investment Management (LGIM) has agreed a £50m funding deal with social housing group Bromford.
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OnlineHome REIT moves to take control of leases following approval to ditch homelessness commitment
Social housing provider One CIC has agreed to surrender its leases on 100 properties to Home REIT following this week’s shareholder approval for the group to ditch its commitment to easing homelessness.
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OnlineHome REIT secures shareholder backing over ditching pledge to house homeless
Home REIT has won support from shareholders to shift its investment focus from providing accommodation for the homeless in an effort to restore its rental income.
