All Finance articles – Page 2
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NewsCREI and abrdn create £1bn REIT in all-share merger
The combined group will have a portfolio of around 200 assets.
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NewsCash Access UK appoints Hamilton as property director
Not-for-profit company appoints Hamilton to ramp up Cash Access UK banking hub delivery programme
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News‘Foolhardy’ DfT ends safeguarding of land for axed HS2 route
Restrictions preventing the development of land for Phase 2a of HS2 have been removed, the transport secretary has announced.
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OnlinePeppercorn ground rent cap ‘disastrous’ for investors, experts tell DLUHC
Capping ground rents at a peppercorn would have “disastrous consequences” for investors and could cost taxpayers £31bn in compensation, property experts said as the government’s consultation on the matter closed.
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NewsClarion Partners Europe acquires Coventry warehouse for £28m
Deal is first on behalf of Clarion’s UK-only logistics fund, which recently closed with £427m of equity commitments.
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OnlineAviva Investors pays £150m for student digs portfolio
Aviva Investors has acquired a portfolio of six student assets and a mixed-use commercial investment for £150m.
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OnlineNewRiver hits record occupancy level
NewRiver REIT has achieved record occupancy across its regional retail portfolio following a “strong leasing performance” during its third quarter.
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OnlineHome REIT board to walk away from troubled firm en masse
The board of the troubled residential investor Home REIT is set to resign en masse following the appointment of a new chairman.
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News@PeterProperty on the why Savills’ results might be the canary in the coalmine
Expect losses in America and on the continent. Expect profit way down on the £153m in 2022.
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NewsMore Heathrow shareholders plan ‘tag-along’ sale of 35% stake
Heathrow shareholders with 35% stake to sell shares in a ’tag-along’ deal with the airport’s majority owner, Ferrovial.
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OnlineIPSX staff pay almost doubled despite £7m loss in year before collapse
The International Property Securities Exchange (IPSX) almost doubled staff pay in the year to the end of June 2022, ahead of announcing its collapse last September.
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NewsAverage house prices fall despite increases in Scotland, says ONS
ONS House Price Index shows fall in 12 months to November 2023.
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OnlinePRS REIT increases ERV by 19%
Rental group PRS REIT increased its estimated rental value (ERV) 19% year on year to £60.3m in the final quarter of last year, according to its latest trading update to investors.
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OnlineNAV up 4.7% at Safestore but profits down
Self-storage group posts 4.7% rise in net asset value for year to end of October.
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NewsCain lands £188m refinancing for The Stage in Shoreditch
Cain-led consortium refinances residential part of east London scheme with Macquarie Capital.
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NewsLocale breaks pandemic ‘shackles’ to expand portfolio
Firm reports 18% annual recurring revenue (ARR) rise and portfolio growth.
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NewsSingapore’s first UK-focused commercial vehicle raises £28m
Elite Commercial REIT has raised gross proceeds of approximately £28m as it prepares for its next phase of growth.
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NewsLondon Tunnels plans London Stock Exchange flotation
Tourist attraction developer intends to undertake first IPO of 2024
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NewsQatar wealth fund backs Canary Wharf despite real estate ‘risk’
Head of Qatar’s $450bn sovereign wealth fund has restated its long-term commitment to London’s Canary Wharf
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OnlineCairn Homes bucks housebuilding trends with record 2023
The Irish housebuilder achieved its strongest ever operational and financial performance.
