All Finance articles – Page 4
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NewsPuma Property provides £72m loan for 790-bed Nottingham PBSA scheme
Puma Property Finance will provide a £72m loan to support the development of a 790-bed purpose-built student accommodation (PBSA) scheme in Nottingham by a joint venture between Olympian Homes and Housing Growth Partnership (HGP).
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OnlinePersimmon warns on “highly uncertain” housing market in 2024
Housebuilding giant Persimmon said it expects the housing market to remain “highly uncertain” in 2024, despite achieving higher sales than expected in 2023.
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OnlineWinkworth blames Truss's mini-budget for fall in annual home sales
Estate agency group M Winkworth has blamed the September 2022 mini-Budget of former prime minister Liz Truss and then chancellor Kwasi Kwarteng for a downturn in the UK property market and its annual trading in 2023.
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OnlineAssura claims robust financial performance in third quarter
Healthcare property group Assura has told investors it is in a “robust financial position” after the third quarter of its financial year.
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OnlineBelvoir and Property Franchise Group reveal £214m merger
Estate agent brands Belvoir and The Property Franchise Group (TPFG) have revealed an all-share merger.
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NewsDebt crisis looms for 2024 as firms face ‘refinancing gap’
Tough year ahead as new valuations are obtained and hedging products expire.
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NewsHome REIT takes legal action against tenants withholding rent as sell-off continues
Home REIT has revealed its investment manager AEW is taking legal action against selected tenants that continue to withhold rent, as it continues to auction off assets.
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NewsGrosvenor and Generali launch £100m resi private debt co-investment strategy
Grosvenor Property UK and Generali Real Estate have launched a £100m residential private debt co-investment strategy today (9 January).
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NewsAllsop records 10% fall in annual profit after ‘frustrating’ financial year
Property consultancy Allsop has reported profit of £15.37m for the year ended March 2023, a 10% reduction from the previous year’s £17.1m.
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NewsColumbia Threadneedle Real Estate acquires Parkgate Shopping Park
Columbia Threadneedle Real Estate has acquired Parkgate Shopping Park in Rotherham on behalf of client funds for an undisclosed sum.
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NewsWeWork says UK arm faces ‘material uncertainty’ and owes parent firm £731m
WeWork’s UK arm faces “material uncertainty” after posting a £123m loss and revealing it owes its parent company £731m, according to its latest accounts.
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NewsNet debt of £18.7m ‘much higher’ than expected at MJ Gleeson
Low-cost housebuilder and land promoter MJ Gleeson has reported that its net debt is expected to be £18.7m for the half year to the end of December 2023, up from £5.2m as of 30 June 2023.
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OnlineUnite reports letting increase for 2024/5 and expects 5% rent rise
Student accommodation giant Unite has told investors lettings for the start of next year’s academic year are ahead of 2023/24 and rents are forecast to rise by 5%.
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OnlineHelical targets further lettings in final financial quarter
Helical has told investors it is aiming to build on “positive asset management progress” and achieve further lettings as it enters the final quarter of its financial year.
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NewsChancerygate appoints Cowley as head of investment and asset management
Urban logistics developer and asset manager Chancerygate has appointed Simon Cowley as head of investment and asset management.
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OnlineTravelodge buys 66 hotels back from LXi for £210m
LXi REIT has exchanged contracts on the sale of 66 Travelodge branded hotels to the Travelodge group for £210m.
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OnlineLondonMetric buys Doncaster warehouse for £21.2m
LondonMetric has completed the acquisition of a long-let distribution warehouse in Doncaster for £21.2m.
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OnlineUK hotel investment falls 37% to £2bn in 2023
The UK hotels market attracted £2bn of investment in 2023 but was down by more than a third on 2022’s figures, according to a new report.
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OnlineI-RES urges investors to reject Vision Capital move to take effective control
Irish Residential Properties REIT (I-RES) has urged shareholders to reject all resolutions at an emergency general meeting (EGM) requestioned by activist shareholder Vision Capital.
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NewsMarlborough Property portfolio value drops by almost £45m
The value of Marlborough Property Company’s portfolio of shops and offices fell by almost £45m last year, according to its financial statement for the year ended 30 June 2023.
