All Propcos articles – Page 2
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OnlineUnite reports letting increase for 2024/5 and expects 5% rent rise
Student accommodation giant Unite has told investors lettings for the start of next year’s academic year are ahead of 2023/24 and rents are forecast to rise by 5%.
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OnlineHelical targets further lettings in final financial quarter
Helical has told investors it is aiming to build on “positive asset management progress” and achieve further lettings as it enters the final quarter of its financial year.
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OnlineTravelodge buys 66 hotels back from LXi for £210m
LXi REIT has exchanged contracts on the sale of 66 Travelodge branded hotels to the Travelodge group for £210m.
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OnlineLondonMetric buys Doncaster warehouse for £21.2m
LondonMetric has completed the acquisition of a long-let distribution warehouse in Doncaster for £21.2m.
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OnlineI-RES urges investors to reject Vision Capital move to take effective control
Irish Residential Properties REIT (I-RES) has urged shareholders to reject all resolutions at an emergency general meeting (EGM) requestioned by activist shareholder Vision Capital.
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OnlineHome REIT sells 80 assets at a loss as recovery plan continues
Home REIT has exchanged on the sale of 80 properties for £16.2m as it continues its recovery plan.
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OnlineSchroder European REIT agrees early refinancing on Paris scheme
Schroder European REIT has completed the early refinancing of its lending on its St Cloud office development in Paris.
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OnlineBruntwood SciTech appoints Oglesby as CEO
Bruntwood SciTech has appointed its current executive chairman Chris Oglesby as its new chief executive.
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OnlineSpringfield sees green shoots of recovery in housing sector
Scottish housebuilder Springfield Properties has told investors the first half of its financial year has been in line with expectations as demand for private housing “remained stable but subdued”.
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OnlineTop city lawyer joins Landsec board
Landsec has appointed Moni Mannings as an independent non-executive director and senior independent director designate.
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OnlineVistry launches share buyback programme
Vistry Group has launched a share buyback programme to repurchase up to £55m of 50p shares.
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OnlineNAV falls but earnings leap at Schroder European REIT
Schroder European Real Estate Investment Trust’s net asset value (NAV) fell 9% in the six months to the end of September, reflecting “the impact challenging economic and geo-political risks have had on asset valuations”, the company said.
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OnlineNAV dips at Custodian
Custodian Property Income REIT’s net asset value (NAV) dipped 3.4% during the six months to the end of September.
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OnlineAdlington Retirement Living secures £75m funding to spur growth
Adlington Retirement Living has secured a £75m development facility from NatWest and Homes England that will be used to accelerate the growth of the group’s investment pipeline across England, Property Week can reveal.
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OnlineShaftesbury secures £300m refinancing loan
Shaftesbury Capital has secured a £300m unsecured loan with an initial maturity of three years.
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OnlineTritax EuroBox reports NAV decrease
Net asset value (NAV) at Tritax EuroBox slumped 25% in the year to the end of September as yields moved out across the property sector.
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OnlineNAV slumps at ReSI as the retirement living group swings to a loss
Residential Secure Income REIT (ReSI) has posted a 16.2% fall in net asset value (NAV) for the year to the end of September.
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OnlineValor completes £101m loan on London urban logistics assets
Valor Real Estate Partners has secured a five-year £101m loan from Canada Life Asset Management.
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OnlineLXi director John Cartwright dies aged 70
John Cartwright, a non-executive director at LXI REIT, has died at the age of 70.
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OnlineLife Science REIT lets Oxford Technology Park’s Building 6A
Life Science REIT has let Building 6A at Oxford Technology Park (OTP) to Oxford Ionics, an Oxford University spin-off firm and pioneer in quantum computing.
