Latest Finance News
Prime London sales values dip in February
Supply and demand begin to balance in lettings market as rental growth stabilises, LonRes finds.
Former Close Brothers CEO Pennal joins Mera Investment Management
Frank Pennal will support the growth plans of the private real estate finance and investment firm.
British Land and Royal London form £385m JV on west London science scheme
Firms launch 50:50 joint venture to develop a science and innovation building at 1 Triton Square in West London.
Langham Estate promotes Pugh to CEO following £340m Lotus Portfolio sale
Pugh takes the helm following the sale of central London portfolio to Oval Real Estate.
Frederick joins Impact Healthcare board as Hall retires
He has been appointed to the board of the REIT as an independent non-executive director.
Urban Logistics in late bid to gazump Custodian and API merger
The REIT has urged abrdn Property Income Trust to “call a halt” to its proposed merger with Custodian.
The Gym Group targets 50 new sites over next three years
The firm announced its new strategy as it reported full-year figures for 2023.
Greencore secures £30m investment to support sustainable development
The funding will support the developer’s plans to build up to 10,000 low-carbon homes.
Berkeley on track to report £550m pre-tax profit for year to end of April
Trading update confirms housebuilder expects to achieve £1.5bn three-year profit forecast by April 2026.
CMA launches investigation into Barratt’s £2.5bn takeover of Redrow
The CMA may proactively contact companies and organisations active in the markets affected by the deal.
John Lewis axes plans for housing to contribute 40% of profits
Last October the group announced it entered the BTR market and launched a management services business.
Labour group claims second staircase policy ‘has gridlocked 38,000 London homes’
Data follows Vistry Group’s revelation that it spent more than £19m last year as a result of the new rules.
Empiric posts strong annual figures as NAV and rents rise
Revenue increased 10.3%, driven by a lift in rental income
Profits tumble 63% at Savills during ‘challenging’ year
Property agent said higher interest rates, geopolitical unrest and uncertainty on offices hit profits in 2023.
Moody’s to leave Canary Wharf for 10 Gresham Street City office
Credit rating and risk analysis giant is the latest financial firm leaving docklands for the City.
Vistry bucks housebuilder gloom with surge in profit and sales
Firm posted a 23.2% rise in profit and forecast higher completions in 2024 driven by strong demand.
Zorin Finance provides £25m loan for Devon resi development
The funding will support the delivery of 98 homes built over seven phases.
AXA IM Alts secures £480m loan for City of London office scheme
The development loans is one of the largest agreed for any UK speculative scheme since the start of 2023.
City office block secures £46m refinancing
Kiwoom Securities and Hana Securities have secured the facility for their Cannon Green scheme.
BlackRock JV secures £105m loan for build-to-rent development
The scheme will comprise 462 self-contained studio units in a 32-storey building.
Riverside Capital agrees £14.9m loan for City fringe office repositioning
GRE Finance loan will fund makeover of Old Street Works office building.
Thriving Investments secures £100m to take Picture Living above 2,000 PRS homes
Thriving Investments has secured a further £100m of equity from Universities Superannuation Scheme (USS) for its flagship private rented sector platform Picture Living.
Why 2024 could be a ‘vintage’ year for real estate investment
DWS UK chief executive and incoming BPF president Jessica Hardman tells Property Week about European investment trends and working through two market downturns.
Consolidation: a key trend for REITs in 2024
Property Week reports on the growing trend towards mergers and acquisitions as REITs bid to increase their scale in the fight for capital access.
Q&A: AREF’s Paul Richards on ‘fair’ and ‘clear’ greenwashing rules
The Association of Real Estate Funds managing director talks about how proposed regulations will help his sector.
Sustainability strategies are a key factor in the property finance market
Lenders increasingly require property borrowers to meet specific ESG standards.
Asset quality key as property is tipped for subdued 2024 growth
IPF leads predictions of modest rental growth and stabilising capital values in 2024.
Property Funds
M&G launches £350m European fund
LGPS Central and the Prudential With Profits Fund have invested £300m.