All Propcos articles
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Online
Downing hires new investment manager
The firm has expanded its finance team with the appointment of Doug Bowley.
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Online
Regional REIT launches £130m disposal programme to pay down debt
The sales comprises 58 assets as the group looks to bring its loan-to-value figure down to its target of 40%.
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Online
Half-year profit slumps at Bellway, but group sees sign of recovery in housing market
The housebuilding giant has posted a 57% drop in profit during the first six months of its financial year.
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Online
Helical sells City office scheme for £43.5m
The disposal price represents a 6.5% discount to the 30 September 2023 book value.
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Online
Grosvenor to expand residential debt platform with £900m boost
The funding will support housing delivery over the next decade.
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Online
TCS posts fall in portfolio value but NAV nudges up
The firm said the reduction was primarily due to market sentiment around the macroeconomic outlook adversely affecting valuation yields, especially in offices.
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PRS REIT doubled profits in six months to December 2023
The firm put the growth down to the number of completed and let homes, as well as increased rents.
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Online
Custodian shareholders back API merger
Property analysts said Urban Logistics REIT’s rival bid for API “may end up being jilted, and that may be no bad thing”.
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Harworth profit rises as firm remains on track to hit £1bn NAV target
The group remains confident it can become a £1bn business by 2027.
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News
Urban Logistics in late bid to gazump Custodian and API merger
The REIT has urged abrdn Property Income Trust to “call a halt” to its proposed merger with Custodian.
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Online
British Land and Royal London form £385m JV on west London science scheme
Firms launch 50:50 joint venture to develop a science and innovation building at 1 Triton Square in West London.
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Online
Langham Estate promotes Pugh to CEO following £340m Lotus Portfolio sale
Pugh takes the helm following the sale of central London portfolio to Oval Real Estate.
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Online
Frederick joins Impact Healthcare board as Hall retires
He has been appointed to the board of the REIT as an independent non-executive director.
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Online
Berkeley on track to report £550m pre-tax profit for year to end of April
Trading update confirms housebuilder expects to achieve £1.5bn three-year profit forecast by April 2026.
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Online
CMA launches investigation into Barratt’s £2.5bn takeover of Redrow
The CMA may proactively contact companies and organisations active in the markets affected by the deal.
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Online
Empiric posts strong annual figures as NAV and rents rise
Revenue increased 10.3%, driven by a lift in rental income
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Online
Profits tumble 63% at Savills during ‘challenging’ year
Property agent said higher interest rates, geopolitical unrest and uncertainty on offices hit profits in 2023.
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Online
Vistry bucks housebuilder gloom with surge in profit and sales
Firm posted a 23.2% rise in profit and forecast higher completions in 2024 driven by strong demand.
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Online
Custodian waives fees to sweeten abrdn’s £1bn merger deal for investors
Custodian REIT faces competition from Urban Logistics REIT in its bid to take over abrdn.
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Online
Supermarket Income REIT’s net tangible assets fall but pre-tax losses are slashed
The value of the group’s supermarkets portfolio fell 3.2% in the last six months of 2023 to £1.68bn.