Propcos
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Online
Regional REIT grows portfolio by 4.5%
Regional REIT has revealed 4.5% an annual like-for-like increase in its portfolio value to £718.4m at the end of December.
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Segro seeks £450m to fund new development
Segro has launched a £450m share issue to fund its development pipeline.
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Tesco joins with Weston to develop 1,400 homes in northeast London
Tesco has joined forces with Weston Home to develop a mixed-use scheme on the site of one of the supermarket’s store in northeast London, which will include 1,400 homes.
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LXi forward funds Starbucks and Costa drive-thrus
LXi REIT has agreed to provide forward funding for the pre-let development of a portfolio of 13 separate Starbucks and Costa drive-thru format coffee shops across the UK
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Hibernia’s CIO quits as Irish group posts trading update
Hibernia REIT’s chief investment officer (CIO), Richard Ball, is to step down at the end of March.
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RBC warns on London office rents and impact of Brexit on REITs
Royal Bank of Canada (RBC) has issued a Brexit warning to the London office market, predicting rents will fall 16-18% in the next five years.
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Telford buys Stratford site for £160m resi development
Telford Homes has paid £20m for a residential development site in Stratford, east London.
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Tritax raises £250m to fund db Symmetry deal
Tritax Big Box REIT has raised £250m from its latest share issue to fund the acquisition of an 87% share in db Symmetry.
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Lee threatens legal action against Shaftesbury after failing to axe senior execs
Hong Kong billionaire Samuel Tak Lee has failed in his attempt to oust Shaftesbury three most senior board members, but is now threatening legal action against the firm.
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Shaftesbury set to face-off against Lee at AGM
Shaftesbury has issued a robust trading update ahead of its crucial annual general meeting when the group will face up against Hong Kong billionaire Samuel Tak Lee on a number of key votes.