All Finance articles – Page 10
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NewsPair of island forts up for grabs in Allsop’s largest December auction
Two vacant Victorian island fortresses with potential for conversion into casinos are among 390 properties listed for sale for Allsop’s largest ever December residential auction, taking place online on 14 and 19 December.
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OnlineSt Modwen secures £525m lending deal
RBC Capital Markets has agreed a £525m five-year loan to help fund St Modwen’s development pipeline.
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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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OnlineLendInvest completes £410m securitisation of UK BTL loans
Lending group LendInvest has completed the group’s fifth and largest securitisation of £410m of its buy-to-let (BTL) mortgage loans in an oversubscribed residential mortgage backed security (RMBS).
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OnlineHines’ European Value Fund 3 raises beats fundraising target
Hines has beaten the €1.5bn (£1.2bn) fundraising goal for its European Value Fund 3 (HEVF 3), having secured €620m (£535m) this year for investment across Europe, taking the total raised since its launch in mid-2022 to over €1.6bn (£1.3bn).
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NewsHousebuilders unlikely to see much volume recovery in 2024, Investec says
Housebuilders are likely to remain cautious until they are confident of a sustained recovery so, even if spring sees a better market, there is unlikely to be much volume recovery in 2024, according to Investec’s sector review.
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OnlineUK to lag European debt market recovery by a year, AEW reports
The UK is set to lag Europe’s recovery in real estate debt markets by a year, according to a report from investment and asset manager AEW.
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NewsPATRIZIA and Man GPM launch £100m affordable housing platform
Real estate investment manager PATRIZIA and Man GPM have jointly launched a £100m residential platform for the UK’s affordable housing sector.
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OnlineCarter Jonas's annual profit slumps 22%
Agency Carter Jonas has posted a 22% fall in profit in its latest set of account, despite a rise in sales.
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OnlineFCA statement outlines rules for sustainable real estate investment products
The Financial Conduct Authority (FCA) has published its new policy statement on Sustainability Disclosure Requirements (SDR) and investment labels, which is set to help real estate fund managers with net zero strategies.
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InsightKnight Frank’s Lisa Attenborough and Josephine Jones ask how debt can work in this ‘new normal’
This time last year, five-year swaps sat just above 3%, with the forward curve predicting they would peak at around 4%. What some initially thought would be a brief spike in rates has now become fully embedded.
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NewsBoots sale back in play as owner offloads £4.8bn of pension obligations to Legal & General
Boots owner Walgreen Boots Alliance has struck a deal to transfer £4.8bn of pension obligations to Legal & General in a move a leading retail expert said reflected “a major boost” for its plans to sell the high-street chemist chain.
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OnlineTritax Big Box REIT sells six assets for £327m
A disposals update from Tritax Big Box REIT has revealed that it has sold six assets so far in its 2023 financial year for £327m, at a blended 4.34% net initial yield.
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OnlineSavills expands global retail offer with Nash Bond acquisition
Savills UK has acquired Nash Bond, a retail agency and lease consultancy business based in central London, to expand its global retail offer to clients.
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OnlineHousing Growth Partnership commits £15m of equity for JV with Cayuga Homes
Housing Growth Partnership (HGP), the Lloyds-backed equity investor in the UK living sector, has committed £15m of equity to a new joint venture with Sussex based developer Cayuga Homes.
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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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OnlineGreen Finance Institute says property-linked finance could unlock ‘billions of pounds of investment’
The introduction of property-linked finance (PLF) into the UK market could unlock £52bn to £70bn of private capital to upgrade inefficient buildings, according to a report from the Green Finance Institute (GFI).
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NewsNewcore Capital appoints former PATRIZIA MD as finance director
Christine Milne, former managing director of real estate fund manager PATRIZIA, has been appointed as finance director at social infrastructure and real estate investment manager Newcore Capital.
