Finance - Property CompaniesThe latest finance news for property companies.
Latest property company news
Regional REIT has reported a 2.25% increase in the like-for-like value of its portfolio in 2016 in its maiden full year results.
LondonMetric Property has revealed plans to raise £97m via a share placing and secured major new lettings to Eddie Stobart and Michelin.
Real Estate Investors (REI) has revenue growth of 60.7% and a rise in net asset value per share for the year to 31 December.
Hansteen has agreed to sell its German and Dutch portfolios for €1.28bn (£1.11bn) to funds advised by The Blackstone Group and M7 Real Estate.
Harworth has conditionally raised £27.8m to help fund the acquisition of 200 acres of strategic land that could deliver 1,500 residential plots and 600,000 sq ft of commercial space.
McKay Securities has promoted Tom Elliott to the board as an executive director, as the group shakes up its top table.
Banks and Lending
Primary Health Properties (PHP) has made its second investment in Ireland as the company embarks on its first private placement issuing £100m in 10-year senior secured notes.
AEW has raised more than €415m of equity from several international institutional investors for its Europe City Retail Fund – exceeding the fund’s initial target of €400m.
Mergers and Acquisitions
GVA Worldwide has established two new affiliated partners covering Croatia, Slovenia and Bulgaria to further expand its position in Central and Eastern Europe (CEE).