All Propcos articles – Page 3
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OnlineNTA falls at LXi REIT as group continues with disposal strategy to reduce debt
The value of net tangible assets (NTA) at LXi REIT fell 5.8% during the group’s half-year to the end of September.
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OnlineFourth quarter revenue edges up at Safestore
Storage giant Safestore increased its group revenue by 1.4% during the three months to the end of October.
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OnlineBridgewater Place developer latest to delist from International Property Securities Exchange
BWP REIT, owner of the Bridgewater Place scheme in Leeds, has become the latest group to confirm its delisting from the failed International Property Securities Exchange (IPSX).
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OnlineLeading investor group backs CoStar’s £99m OnTheMarket takeover
Influential shareholder group Glass Lewis has backed CoStar’s £99m takeover of property portal OnTheMarket, which also won the backing of fellow proxy group ISS last week.
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OnlineAustralia’s IFM cues up deal to invest £10bn in UK infrastructure
IFM Investors, the Australia-based global institutional investment manager, has signed a memorandum of understanding with the UK government over its intention to invest £10bn in UK infrastructure.
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OnlinePPHE secures consent for new concept Park Plaza Victoria London hotel
PPHE Hotel Group has secured planning permission from Westminster City Council to develop a second hotel within its Park Plaza Victoria London property.
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OnlineRightmove increases growth forecasts
Rightmove has told investors its revenue growth has continued since its interim result in July and remains slightly ahead of analyst forecasts.
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OnlineStrategic review could lead to sale or merger of abrdn European Logisitcs
The board of abrdn European Logistics Income has launched a strategic review that may lead to a sale or merger of the group.
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OnlineSilbury Finance strengthens senior leadership team with trio of appointments
Silbury Finance has strengthened its senior leadership team with a trio of hires.
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OnlineShaftesbury Capital boasts of strong start to Christmas trading
Shaftesbury Capital has reported high footfall across its West End portfolio, which has led to a 12% rise in sales for its tenants as the Christmas trading period begins.
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OnlineTR Property Investment Trust posts 3.3% rise in net asset value return
TR Property Investment Trust has posted a 3.3% rise in net asset value (NAV) return, compared with a fall of 35.5% six months earlier, as the group claimed the real estate market had turned a corner.
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OnlineLondonMetric’s values rise as logistics group bucks downward trend
LondonMetric has posted a rise in net tangible assets (NTA) in its half-year figures to the end of September, at just under £2.2bn, compared to £1.9bn six months earlier, bucking the trend of falling values in the property sector.
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OnlineNewRiver submits application for Essex resi scheme as occupancy hits record high
NewRiver REIT is seeking planning permission to demolish its shopping centre in Grays, Essex and develop a mixed-use scheme with 850-plus homes, which it plans to forward sell.
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OnlineLXi closes in on £210m deal to sell 66 Travelodge hotels
LXi REIT is close to selling more than half of its portfolio of Travelodge hotels for £210m.
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OnlineHelical swings to £93.1m loss as NAV slumps 17.5%
London-based investor Helical swung to a £93.1m loss in the six months to the end of September, against a profit of £17.2m in the same period the year before, as net asset value (NAV) slumped 17.5%.
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OnlineGrainger launches Network Rail and Bloc BTR JV as NTA and rental income rise
The UK’s largest landlord, Grainger, announced it has formed a joint venture with Network Rail and Bloc Group to deliver more than 2,000 new rental homes across major cities nationwide, as it posted a 4% rise in net tangible assets (NTA) for the year to the end of September.
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OnlineUnite Students appoints Jessica Gallop as group people director
Student accommodation giant Unite Student has boosted its executive team with the appointment of Jessica Gallop as group people director.
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OnlineWorkspace value falls lead swing to loss, but trading improves
Workspace Group swung to a pre-tax loss of £147.9m compared to a profit of £35.8m a year before, as it posted a 10.2% fall in net tangible assets (NTA) and a 6.6% fall in the value of the portfolio in the six months to the end of September.
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OnlineSiruis raises £146m to fund UK and German deals
Sirius Real Estate has raised £146.6m to fund a pipeline of acquisitions in the UK and Germany.
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OnlineShaftesbury scraps portfolio sale due to low bids
Shaftesbury Capital has scrapped plans to sell a portfolio of properties in London’s Fitzrovia district after bids fell short of expectations, according to a report.
