Finance - Property CompaniesThe latest finance news for property companies.
Latest property company news
Empiric Student Property has acquired the freehold of a 220 bed student accommodation scheme in York for £23.3m.
Capital & Regional, the UK focused real estate investment trust, has reported a 2.2% rise in footfall during the Christmas period, in its latest trading update to the stock exchange.
SEGRO is predicting a 4.8% rise in the value of its portfolio in an update on its full year results for the year ended 31 December 2016.
Foxtons has warned earnings for 2016 are set to plummet 46% in a trading update to the stock exchange.
Unite Students has revealed rises in its portfolios for the year to the end of December 2016.
Big Yellow Group, the self-storage group, has reported a third quarter like-for-like revenue increase of 5% to £26.9m, compared to the same quarter last year, and is up 6% for the year to date at £80.7m.
Banks and Lending
Laxfield Group, a real estate debt investment manager, has revealed that it is now able to fund individual loans of up to £100m thanks to an increased allocation of capital for its Laxfield National programme.
AXA Investment Managers - Real Assets (AXA IM - Real Assets) has appointed Yoshihiko Hayafuji as Head of Japan, effective immediately.
Mergers and Acquisitions
Care provider HC-One has completed the acquisition of Helen McArdle, the largest independent care home operator in the North East of England.