All Propcos articles – Page 5
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OnlineIlke Homes formally enters liquidation
Modular housebuilder Ilke Homes has formally entered liquidation with debts of more than £319m set to go unpaid.
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OnlineVistry to take £40m hit to profit as it closes private home sales unit
Housebuilding giant Vistry has told investors that it expects a £40m hit to its profits after it shut its private housebuilding arm down to focus solely on affordable housing partnerships.
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OnlineNAV nudges up at Impact Healthcare
Impact Healthcare has posted a 1.3% rise in net asset value (NAV) during the three months to the end of September.
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OnlineOnTheMarket founder slams £99m takeover deal
The founder of OnTheMarket said he will vote against the £99m offer from information group Costar for the estate agency-backed property portal.
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OnlineOnTheMarket agrees £99m takeover deal
OnTheMarket has agreed to be taken over by US commercial real estate information group CoStar in a £99m deal.
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OnlineResearch finds housebuilders prioritise billions in dividends over housebuilding
The UK’s eight largest housebuilding firms paid shareholders £16bn in dividends over the past 18 years, according to research from housing experts at Sheffield Hallam University.
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OnlineSEGRO reveals strong rental growth over first nine months of 2022
SEGRO has reported strong rental growth for the year to date and a positive outlook on the back of an active asset management programme.
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OnlineBarratt withholds usual figures ahead of AGM
Housebuilding giant Barratt has failed to provide a full-year profit forecast in its latest update to investor, citing the uncertain outlook.
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OnlineBellway profits fall 18% in challenging housing market
Housing giant Bellway suffered an 18% slump in profit in the year to the end of July as home completions and revenue also fell.
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OnlineTritax Big Box REIT agrees £500m RCF
Logistics group Tritax Big Box REIT has agreed a £500m sustainability-linked unsecured revolving credit facility (RCF) with a syndicate of its existing relationship banks and new lenders.
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OnlineSmith to step down as CEO of Unite Students
Richard Smith is set to step down as chief executive of Unite after 13 years with the student accommodation giant.
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OnlineGPE reports 37 lettings for half-year to end of September
Great Portland Estates (GPE) has told investors leasing deals in the six months to the end of September were struck at 13.4% ahead of estimated rental values (ERV).
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OnlineGrainger hits record occupancy level
Residential giant Grainger has told investors rents grew 7.7% in the year to the end of September after achieving record occupancy levels of 98.7%.
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OnlineSavills IM strengthens European industrial and logistics team with co-head appointments
Savills Investment Management has appointed Daniel Hohenthanner and Evert Castelein as co-heads of the firm’s European industrial and logistics team.
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OnlineBritish Land secures planning permission for south London logistics hub
British Land has secured planning consent for a 140,000 sq ft, multi-level last-mile logistics scheme in Southwark, south London.
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OnlineGPE agrees £250m lending deal
Great Portland Estates (GPE) has signed a new £250m unsecured loan with three existing relationship banks.
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OnlineSEGRO appoints new European head of investment
SEGRO has appointed Philipp Oevermann to lead the company’s investment activities in continental Europe.
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OnlineMoorfield launches UK REIT to buy homes for rent
Moorfield Group has launched a fund that plans to invest £500m in the residential rental sector.
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OnlineSchroder European REIT refinances Dutch assets
Schroder European REIT has completed a €13.8m (£12m) five-year debt refinancing secured against a five-asset Dutch industrial portfolio.
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OnlineHome REIT seeks board members to drive rescue strategy
Home REIT has appointed headhunters to recruit new board members as it seeks expertise to execute its new strategy of moving away from its founding commitment to housing the homeless.
