All Propcos articles – Page 4
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OnlineBritish Land and Savills report claims life sciences could grow by £4bn a year
British Land believes the UK’s life sciences market could generate an additional £4bn in gross value by 2035 if it can match the growth seen in the US, according to a report the property giant has issued in collaboration with Savills.
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OnlineGPE hails strong rental growth despite slump in NAV and valuation
Net asset value (NAV) at Great Portland Estates (GPE) slumped 14.1% in the six months to the end of September, as macroeconomic uncertainty hit valuations.
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OnlineNTA and valuations dip at Assura
Primary care property investor and developer Assura’s net tangible asset (NTA) value fell 4.1% during the first half of its financial year, as the group swung from profit to loss, its latest results show.
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OnlineWarehouse REIT to sell 2m sq ft Crewe industrial park development to reduce debt
Warehouse REIT plans to sell its Radway Green industrial park in Crewe in an effort to reduce debt.
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OnlineCFO to depart Palace Capital as group focuses on returning cash to investors
Palace Capital is set to part company with its chief financial officer Matthew Simpson following its announcement of a new strategy to maximise cash returns to shareholders.
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OnlineNAV at Picton falls but group slashes losses
Picton Property Income’s net asset value (NAV) dipped 1.9% during the six months to the end of September.
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OnlineLXi extends £60m HSBC loan
LXi REIT has agreed a two-year extension to its £60m loan facility with HSBC from its current maturity of December this year.
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OnlineBritish Land suffers NTA hit but rents show strong growth
Property firm British Land has told investors that it expects annual rental growth to be at the top end of its forecasts but yields on assets remain under pressure due to high interest rates.
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OnlineNet tangible assets edge up at Target Healthcare
Net tangible assets (NTA) at care home giant Target Healthcare nudged up 1.1% during the three months to the end of June.
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OnlineSchroder REIT makes non-exec appointment
Schroder Real Estate Investment Trust has appointed Cadogan Group finance chief Sanjay Patel as an independent non-executive director.
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OnlineKnight Frank IM promotes Styles to chief investment officer
Knight Frank Investment Management (KFIM) has appointed John Styles as chief investment officer (CIO), following Matthew McDonald’s promotion to chief executive.
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OnlinePicton wins permission for Angel Gate resi conversion in City
Picton has secured planning permission for a residential conversion of it Angel Gate scheme in the City of London under residential permitted development rights.
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OnlineNAV dips at Custodian, but rents rise
Net asset value (NAV) at Custodian Property Income REIT dipped 1.4% during the three months to the end of September.
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OnlineBarkby and Meadow Partners form £250m roadside asset JV
Barkby and US private equity group Meadow Partners have joined forces to build a £250m portfolio of roadside real estate sites.
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OnlineCBRE expands investment banking team with Sera tie-up
CBRE has joined forces with global investment real assets adviser Sera Global to bolster its investment banking team.
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OnlineM7 Regional E-Warehouse REIT plans restructure and pauses dividends after NAV fall
M7 Regional E-Warehouse REIT revealed that it is planning to restructure after pausing dividend payments, following a 13% hit to net asset value (NAV) and its announcement that it is exiting the International Property Securities Exchange (IPSX).
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OnlineFoxtons hit by slow house sales, but rental market provides 5% revenue boost
Foxtons has been hit by a 18% fall in sales due to the tough housing market in the nine months to the end of September, but said a strong rental market had mitigated the decline.
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OnlineFidelity buys WeWork office block in London
Fidelity International has acquired 99 Queen Victoria Street in the City of London from troubled serviced office group WeWork.
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OnlineBritish Land appoints former Kennedy Wilson president to board
British Land has appointed industry veteran and former Kennedy Wilson president Mary Ricks as a non-executive director.
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OnlineRental income grows at PHP as it completes Johannesburg listing
Primary Health Properties (PHP) added £3.3m to its rent roll in the nine months to the end of September, improving on last year’s growth in income.
