All Finance articles – Page 9
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News
MDM and Hana secure £90m refinancing for West Midlands retail park
MDM Asset Management and Hana Securities have secured a £90m refinancing deal for Gallagher Shopping Park in Wednesbury in the West Midlands.
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News
PIC lends £30m to Medway Housing Association
Pension Insurance Corporation (PIC), a specialist insurer of defined benefit pension schemes, has made a second private placement investment of £30m in secured debt issued by Heart of Medway Housing Association.
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News
Puma to fund £13m for intergenerational development in Manchester
Puma Property Finance has provided a facility of around £13m to fund McGoff Group’s development of a 51-bed care home and a children’s day nursery in Bowdon, South Manchester.
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News
Locale snaps up real estate events firm
Leading occupier experience platform Locale has bought real estate events agency Evergreen Reputation to strengthen its experiential offering.
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Online
Close Brothers’ property CEO to retire
Frank Pennal is set to retire as chief executive of Close Brothers’ Property business after almost two decades at the helm.
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Online
NAV 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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Online
NAV 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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Online
Cluttons partners orchestrate management buyout
Cluttons partners have completed a buyout of the famous real estate brokerage supported by private equity firm Treun Capital.
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Insight
The business of banking: why choosing the right bank can make all the difference to your property business
According to the Competition and Markets Authority, 85% of SMEs bank with either Barclays, Lloyds, HSBC, NatWest and Santander.
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Online
Adlington 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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Online
Shaftesbury secures £300m refinancing loan
Shaftesbury Capital has secured a £300m unsecured loan with an initial maturity of three years.
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Online
Tritax 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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Online
NAV 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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Online
Valor 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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Online
LXi 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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Online
Life 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.
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Online
Cohort agrees £175m refinancing of UK’s most expensive home
Specialist lender Cohort Capital has refinanced a £175m London mansion, once described as the UK’s most expensive home, for a private Middle Eastern bank.
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Online
Saudi’s PIF buys 49% stake in Rocco Forte Hotels for £590m
Saudi Arabia’s sovereign wealth fund is set to buy a 49% stake in luxury hotel group Rocco Forte Hotels for around £590m, according to a report in the Financial Times.
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Online
Crystal Palace seeks £45m to kick off football stadium redevelopment
Premier League football club Crystal Palace is seeking to raise £45m to fund the redevelopment of its stadium in south east London, according to a report from Bloomberg.
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Online
UAE investor Aldar Properties in £230m deal to buy London Square
UAE-based real estate group Aldar Properties has completed the acquisition of UK residential developer London Square.