All Propcos articles
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Home completions at Persimmon fall 10%
Housebuilder posted drop in new home completions during the first three months of it financial year, but reported an improvement in sales rates and “firm pricing”.
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NewRiver achieves record 98% occupancy during fourth quarter
The group completed 785,100 sq ft of lettings in the year to the end of March at an average 3.6% above estimated rental value.
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FT columnist Stevenson joins Workspace board
New non-exec director is an investment columnist and founder of news and analysis service ETF Stream.
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Warehouse REIT adds £1.4m to rent roll in fourth quarter
The company secured 22 deals in it fourth quarter at rents an average 28.6% above previous levels.
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Ground Rents Income Fund slams government leaseholder reforms over 25% valuation fall
The fund told shareholders that the potential outcome of government legislative change “remains uncertain”.
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Watkin Jones appoints new CFO and updates on first half
Simon Jones has been appointed to succeed Sergeant as CFO designate and will join the board on 21 May.
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Valor completes £25m double acquisition of London last-mile logistics assets
The deals extend Valor’s UK portfolio to 54 assets across 5.2m sq ft.
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Taylor Wimpey order book falls year on year as home sales dip
Analysts described update as encouraging due to resilient sales in recent weeks.
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Annual profit edges up in ‘record’ year for Property Franchise Group
Gareth Samples, chief executive of TPFG, said the year had represented ”yet another year of record performance”.
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CapReg appoints NHS director to its board
Murphy will also take over as chairman of the group’s audit committee in June.
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Helical shows “cautious optimism” as update flags up new lettings and high rent collection levels
The company has collected 99% of all rent payable for the financial year to 31 March.
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Palace Capital slashes debt with asset sales
The group said the sales provided “various options for returning capital to shareholders”, including a tender offer.
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SEGRO boosts rent roll by £29m in first-quarter trading
The FTSE 100 industrial giant is planning more development and acquistions after raising £907m in equity in February.
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Foxtons makes ‘strong start to year’ as market share grows
The estate agent revealed its sale pipeline was at its highest level since the Brexit referendum in 2016.
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CBRE investment veteran Dakin retires
Dakin has led the growth of CBRE’s financial capabilities in the UK and across Europe over the last nine years.
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Annual profit falls 15% at Winkworth
Despite the fall, Winkworth will raise the annual dividend to 11.7p per share, from 11p in 2022.
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Picton completes £29.6m sale of Angel Gate City of London office
Sale price represents a 5% premium to the 31 December independent valuation.
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Urban Logistics REIT reports 23% rental growth in final quarter of financial year
The company completed three new lettings and three rent reviews during the quarter.
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Henry Boot sells 500 Cambridgeshire resi plots to Barratt
The sale will complete in July 2024, with the transaction resulting in an ungeared internal rate of return of 15% a year.
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LGIM expands Unite relationship with £150m funding
The loan will be used to refinance an existing bank facility for the student accommodation giant’s Unite UK Student Accommodation Fund.