Madeleine Knight
Madeleine is finance editor at Property Week.
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NewsAsset quality key as property is tipped for subdued 2024 growth
IPF leads predictions of modest rental growth and stabilising capital values in 2024.
NewsProperty sector says Gove’s plan to cap ground rent will not work
Experts say the options proposed would interfere with legitimate property contracts.
NewsHenry Boot grows landbank amid ‘continued demand’ for strategic sites
The developer’s total land portfolio has increased to 100,972 plots.
NewsFeldberg Capital secures £50m at second close on ReForm fund
The total fundraise for ReForm is now £100m since the impact fund’s launch in October 2023.
News‘Critical’ financial distress soared in Q4 2023, says Begbies Traynor
Some 6,228 real estate and property services firms were in critical financial distress at the end of last year.
NewsHSBC cuts profit forecasts for Savills after ‘less transactional year’
Forecasts have been reset to catch up with Savills’s latest guidance given in its January trading update.
NewsI-RES and Vision Capital clash again ahead of EGM
I-RES brands activist shareholder Vision Capital’s press statement ”misleading”.
NewsCREI and abrdn create £1bn REIT in all-share merger
The combined group will have a portfolio of around 200 assets.
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.
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.
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.
NewsVistry sells 50 homes to Gatehouse IM
The housebuilder has sold 50 homes in Gloucester to Gatehouse Investment Management as part of its joint venture with global investment firm Carlyle.
NewsKingston and Sutton pension schemes commit £55m to The London Fund
The £250m fund is looking to invest in infrastructure opportunities, including regeneration.
NewsFalling rates to spur real estate revival, but ‘tepid’ transaction activity poses challenges
Falling interest rates will spur a revival in real estate capital markets in 2024, but tepid transaction activity and subdued economic growth are likely to make it another challenging year, said CBRE.
NewsMajority of investors optimistic about commercial market in 2024, report finds
A new report from global professional services firm Alvarez & Marsal shows 56% of investors feel optimistic about the outlook for UK and European commercial real estate investments over the next 12 to 18 months.
NewsVistry profit is ahead of guidance as Fitzgerald prepares to take chair from Findlay
Housebuilder Vistry’s financial performance for 2023 was ahead of its guidance, with adjusted profit before tax expected to fall in line with 2022’s figure of £418.4m, according to its trading update for the year to the end of last December.
NewsSchroder European REIT reports dip in portfolio value
Schroder European Real Estate Investment Trust has had its direct property portfolio independently valued at €210.2m (£180.6m) as of the end of last year, down 1.8% over Q4, according to a portfolio update from the company.
NewsHarworth completed 1,170 residential plot sales in 2023
Harworth Group, a regenerator of land and property for sustainable development and investment, completed 964 residential plot sales in December, bringing its total for the year to 1,170.
NewsI-RES appoints Hugh Scott-Barrett to chair of the board
The board of Irish Residential Properties REIT (I-RES) has appointed Hugh Scott-Barrett to succeed Declan Moylan as chair of the I-RES Board from 23 February.
NewsNewcore Capital acquires £11m of social infrastructure assets
UK-focused real estate investment manager Newcore Capital has acquired two language schools, in Cambridge and Oxford, and a food distribution asset in Colchester for a total of around £11m, reflecting a net initial yield of 6.1%.
