Mergers and Acquisitions
CBRE has entered into a definitive agreement to acquire Norland Managed Services for £250m.
Growth in Shaftesbury’s income and revenue has been tempered by the amount of redevelopment activity across the portfolio, particularly in Carnaby, its chief executive Brian Bickell said today.
Banks and Lending
Legal & General Property’s UK Property Unit Trust has reached over £1bn, with £250m net inflows in 2013.
It’s hard to say exactly how long the deal for Countrywide to buy Lambert Smith Hampton has been in the pipeline, but it is likely to be days rather than weeks. This deal was a real last minute job.
I joined Lehman’s in 2005 shortly after Ian Henderson retired as CEO of Land Securities when he wished the assembled analysts “ … lots more REITs to analyse in the future!”.
The sale of the biggest European asset bought by Lehman Brothers during the boom has been lined up for next Spring, Property Week can reveal.