Finance - Property CompaniesThe latest finance news for property companies.
Latest property company news
Primary Health Properties (PHP) has revealed it added £13.5m of acquisitions to its portfolio in its latest trading update.
U+I, formerly known as Development Securities, has reported falls in Net Asset Value (NAV) and profit for the full year to 28 February.
UK Commercial Property Trust, the FTSE 250 investor advised by Standard Life Investments, has posted a 2.5% net asset value total return for the three months to 31 March.
Redefine International, the FTSE 250 income-focused UK-REIT, has revealed a slight increase in earnings and NAV for the six months to 28 February.
Picton Property Income has revealed a rise in net asset value per share of 1.7% for the three months to the end of March.
SEGRO contracted £16.3m of new rent in the first quarter of the year, up from £8.6m in the same period last year.
Banks and Lending
UK banks and building societies regained market share in 2016 after several years of retreat, according to the 2016 year-end De Montfort UK Commercial Property Lending Report.
PGIM Real Estate has raised by far its biggest real estate debt fund to date, securing commitments totalling over £1bn for PRECap VI.
Mergers and Acquisitions
Market Tech - the company that owns a large slice of London’s Camden Town - is set to be taken private by majority owner Teddy Sagi’s LabTech little more than two years after its flotation.