All Property Week articles in 12 November 1999 – Page 3
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News
Raglan’s 9% NAV rise
Raglan properties shares remained stubbornly at 28.75p on Monday, despite the company revealing a net asset value of double that figure in its latest financial results. The first independent revaluation of the portfolio at the interim stage caused the NAV to rise nearly 9% to 56p a share ...
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News
Securitisation raises £500m for NHP
NHP managed to launch a £194m securitisation issue this week, despite the problems that have beset the care home industry over the last two months. The bond issue, secured on 81 care home leases, is NHP s third and takes the amount it has raised through securitisation to £559m. ...
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News
Beckwith’s back on the ball with £50m plan
Peter Beckwith, the famous 1980s developer, is back with a £50m programme. Through his private company PMB Holdings, he is planning office schemes in Leatherhead, Slough, Watford, Kingston and Teddington over the next three years. The offices will make up 40% of PMB s activities, with the rest focused on ...
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News
Security Capital hits back with £38m profit
Security Capital, the giant Chicago-based incubator of start-up property companies, has recovered from its disastrous summer to post an improvement in third-quarter profits. Total EBDADT (earnings before depreciation, amortisation and deferred taxes) in the third quarter was $60.1m (£37.6m), compared with $42.1m (£26.3m) last ...
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News
£36m Hill Samuel sale
Hill Samuel Property Unit Trust has sold a £35.85m package to a LaSalle Investment Management client. The deal involved two portfolios a 11,150 sq m (120,000 sq ft) mixed-use scheme in Birmingham and a 20,100 sq m (216,000 sq ft) store in Bristol. The Birmingham ...
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News
Prologis negotiates £320m credit line
ProLogis, the world s largest provider of distribution services, has raised euro 500m (£320m) of debt for its European expansion. The three-year revolving credit facility has been arranged with JP Morgan and ABN Amro for the Prologis European Properties Fund, which was set up two months ago with euro ...
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News
Thames Valley bucked by 2000 shutdown threat
The threat of suspended property transactions over the new year has prompted a flurry of deals in the Thames Valley. Two possible lettings continued to fuel rental growth in the region, while demand for industrial space has continued to push yields down. IT company Systems Union is thought to have ...
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News
Aberdeen gets £11m scheme
Aberdeen-based developer Esson Properties is to develop an office scheme in the centre of the city speculatively. The property company, run by James Esson, has secured the Triple Kirks site in the centre of Aberdeen for £11m from London-based investor Minevco. The site on Schoolhill, has been unused ...
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News
Ashtenne’s 1999 transactions hit £100m
Ashtenne, the active secondary industrial specialist, has taken the value of its transactions this year to more than £100m with a series of sales. The company, run by Ian Watson and Morgan Jones, has raised £16m from the sale of units, mainly in Scotland, at an average yield of 8.3%. ...
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