All Finance articles – Page 8
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NewsChris Ward departs Shaftesbury Capital
Shaftesbury Capital’s chief operating officer Chris Ward has decided to step down from his role on the board and will be leaving the company on 22 December. The role will not be replaced on the board.
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NewsFeldberg Capital buys West End office building for ReForm Fund
Feldberg Capital has bought West End office building 8 Bloomsbury Street from an undisclosed institutional investor, as the first purchase for its new ReForm Fund.
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NewsUK bank and finance trade body says mortgage lending set to fall by 8% next year
UK residential mortgage lending is set to fall by 8% next year, according to research from bank and finance trade body UK Finance.
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NewsGoldman Sachs calls for halt on shorting UK property stocks
Goldman Sachs has removed its recommendation to short sell – betting on the declining share price of – UK real estate stocks, in a sign of increasing confidence in the sector, buoyed by increasing house prices.
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NewsWarrington Council facing major loss from Mailbox investment
Warrington Borough Council looks set to lose millions of pounds from a retail, leisure and office investment in Birmingham, adding to debts of £1.8bn facing the local authority.
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NewsDLUHC announces £80m to regenerate brownfield land to build thousands of homes
The Department for Levelling Up, Housing and Communities (DLUHC) has announced the allocation of £80m to regenerate brownfield land and build over 8,000 homes.
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C&W predicts valuations will bottom out in Q3 2024
Cushman & Wakefield (C&W) has predicted “a bottoming out for valuations” around Q3 next year, when it says rate hikes will end and cuts will commence, according to its EMEA Outlook 2024 report.
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NewsUK’s property taxes highest in the developed world, Altus study reveals
The UK has the joint highest rate of property taxes in the developed world, research from commercial real estate firm Altus Group has revealed.
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BlackRock raises €774m for Europe Property Fund VI to capitalise on repricing
BlackRock Private Markets has raised €774m (£662m) in initial commitments from global institutional investors at the first closing of the BlackRock Europe Property Fund VI (EFVI).
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NewsFrasers Group more than doubles property revenues after spending spree
Frasers Group, the company behind Sports Direct and House of Fraser, increased its profits to £310.2m in the six months to 29 October, from £287.2m the year before, boosted by revenue from the acquisition of shopping centres The Mall in Luton and the Overgate centre in Dundee, plus Coventry Arena.
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NewsCBRE promotes Chris Gow to head of debt and structured finance for Europe
Global real estate adviser CBRE has appointed Chris Gow as head of debt and structured finance, Europe, which marks an expansion on his current leadership responsibilities, effective from 1 January 2024.
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OnlineTop city lawyer joins Landsec board
Landsec has appointed Moni Mannings as an independent non-executive director and senior independent director designate.
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OnlineVistry launches share buyback programme
Vistry Group has launched a share buyback programme to repurchase up to £55m of 50p shares.
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NewsLandsec unveils new retail operating model
Landsec has unveiled plans to transform its retail operating model, bringing in a number of operations in-house and “evolving” as a retail landlord, Property Week can reveal.
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NewsMorrisons and M&S broke land use laws to block rival supermarket stores, CMA rules
Marks & Spencer and Morrisons have been reprimanded by the competition regulator for breaking land use laws to block rival supermarkets from opening nearby stores.
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NewsFour developers receive loans totalling more than £250m to support delivery of 1,500 new homes
Four housing developers have secured 10-year loans totalling £256.5m through the government’s Affordable Homes Guarantee (AHGS) scheme to support the delivery of around 1,500 new homes.
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NewsDTZ Investors completes £110m refinancing for three co-living assets
DTZ Investors Co-Living Fund (COLIV) has completed a £110m refinance of its Folk Co-living portfolio with SMBC Bank International.
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NewsBerkeley posts 4.6% profit rise but holds off investing in new schemes
Housebuilder Berkeley Group has posted a 4.6% rise in pre-tax profit for the six months to the end of October, but said it would hold off investing in new development until the market improved.
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NewsInvesco secures £200m BTR loan with HSBC
Invesco Real Estate has secured a £200m loan with HSBC UK to support two stabilised residential build-to-rent (BTR) assets in east and west London.
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NewsDivergence in performance across property types ‘likely to persist in 2024’, CBRE says
Divergence in performance across property types is likely to persist in 2024 and obsolescence, particularly of older office and retail assets, will be a key challenge for the UK real estate market next year, according to CBRE’s UK Real Estate Market Outlook 2024.
