All Propcos articles – Page 6
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OnlineAlternative Income REIT plunges to a loss
Alternative Income REIT reported a £5.2m pre-tax loss in the year to the end of June, compared to a profit of £13.2m a year earlier, equating to a 139.4% negative swing.
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OnlineSafestore CFO retires after decade with self-storage group
Safestore’s chief financial officer (CFO) Andy Jones is set to retire from the self-storage giant after more than a decade with the business.
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OnlineNuveen Real Estate expands European debt team
Nuveen Real Estate has expanded its European debt team with the appointment of two new directors.
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OnlineNAV rises but profit dips at UKCM
Net asset value (NAV) at UK Commercial Property REIT (UKCM) nudged up 1.8% during the six months to the end of June as the group navigated a turbulent economy.
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OnlineInland Homes appoints administrators as rescue plan fails
Housebuilder Inland Homes has lost its fight for survival and has confirmed it will enter administration.
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OnlineLandsec hails strong demand for London office space as it launches Victoria refurb
Landsec has told investors that occupier demand for prime office space has “remained strong” since its last year end on 31 March.
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OnlineLSL hit by 20% slump in profit as it navigates ‘significant macroeconomic headwinds’
Estate agency group LSL has suffered a 20% slump in profit in the first half of its financial year as rising interest rates stymied the market.
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OnlineBritish Land confident for financial year despite Meta lease surrender for £149m
British Land confirmed it had received a payment of £149m, reportedly equivalent to about seven years’ rent, from social media giant Meta, which surrendered the lease it had agreed for the former’s 1 Triton Square in London’s Regent’s Place.
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OnlineReal Estate Investors hit by worse economy since global financial crisis
Net tangible assets (NTA) at Midlands-based Real Estate Investors nudged down during the six months to the end of June as investment levels hit their lowest point since 2008.
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OnlineNTA slumps at Supermarket Income REIT despite soaring rental income
The value of net-tangible assets (NTA) at Supermarket Income REIT slumped 19% in the year to the end of June, the company has revealed in its annual results.
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OnlineHenry Boot posts rise in NAV but profit falls as debt rises
Henry Boot has posted a 2.6% rise in net asset value (NAV) for the six months ended 30 June 2023.
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OnlineAEW UK REIT shakes up board with new chairman and non-exec director
AEW UK REIT has appointed Robin Archibald and its new chairman and former British Property Federation chief Liz Peace to the board.
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OnlineBritish Land upgrades retail park rental growth estimate
British Land has upgraded its forecasts for rental growth in it retail park portfolio from between 2% and 4% to between 3% and 5% in response to demand for space.
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OnlineBritish Land and Norges put £750m price on Meadowhall, despite denying sale plan
British Land and Norway’s sovereign wealth fund Norges are understood to have appointed CBRE to investigate the £750m sale of its Meadowhall shopping centre in Sheffield.
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OnlineLondonMetric sells industrial portfolio to Hines for £40.5m
LondonMetric Property has sold a portfolio of four multi-let industrial estates to Hines for £40.5m, marking its exit from operational multi-let industrial assets.
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OnlineProfit slumps 89% at Irish housebuilder Glenveagh, but order book looks healthy
Profit at Irish housebuilder Glenveagh Properties has plummeted during the first six months of its financial year as planning delays hit development.
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OnlineRedrow posts falling sales and profit as economic downturn bites
Housebuilder Redrow has warned earnings could more than halve over the year ahead amid a “challenging and uncertain” property market.
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OnlineInland Homes development arm breaches lending covenants
Housebuilder Inland Homes has revealed that its development subsidiary has breached lending covenants.
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OnlineHarworth's £1bn strategy on course despite profit and NAV drops
Regeneration specialist Harworth has said its plans to become a £1bn business remain on track, despite operating profit for the first half of the year slumping to £8m, from £99.9m a year earlier.
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OnlineProperty Franchise Group posts 11% rise in half-year profit
Estate agency business Property Franchise Group has posted an 11% rise in profit for the six months to the end of June.
