David Parsley
David Parsley is contributing editor on Property Week, specialising in finance and general news. His career has included being founding editor of City AM, markets editor on The Sunday Times and business editor on the Sunday Express. He began his career as news editor on Property Week in 1994.
Contact info
- Tel:
- 07912 694 581
- Email:
- david.parsley@propertyweek.com
OnlineAlchemy rides to Countrywide’s rescue in deal that ousts current management
The troubled estate agency group Countrywide has been handed a £90m lifeline from private equity group Alchemy Partners in a deal that removes the company’s chairman and installs a new chief executive.
- News
Shaftesbury remains in Capco’s sights
Capital & Counties (Capco) has fuelled speculation of a takeover attempt of Shaftesbury by taking its shareholding in the group to more than 25% today.
- Insight
The rise of the bridging loan
As traditional lenders tighten their criteria during the pandemic, investors have increasingly turned to bridging finance. Property Week looks at the pros and cons of this alternative borrowing option.
- Online
Bellway resumes dividend despite plummeting profit
Housebuilder Bellway is to resume its dividend payments to investors despite a 64% fall in profit during the year to the end of July.
- Online
LXi continues portfolio shake-up
LXi REIT has made another £17m worth of asset sales and paid £15m for two foodstores as part of its ongoing portfolio management programme.
- Online
Investec agrees £36m loan on Comer Homes’ Woolwich scheme
Investec’s Structured Property Finance team has agreed to provide Comer Homes with a £36m, five-year senior debt facility to fund the development of the final phase of Mast Quay in Woolwich, London.
- Online
Another Intu centre transfers to new management
Intu SGS has transferred another of the group’s centres to new management following the collapse of Intu Properties group into administration.
- Online
L&G funds £200m Oxford science department
Legal & General (L&G) has agreed a £200m deal to fund the University of Oxford for a new home for the departments of Zoology, Plant Sciences and Experimental Psychology.
- Online
McKay collects 70% of September quarter rent
McKay Securities has so far collected 70% of rents from the September quarter day, and has reported an increase in collections for the previous two quarters.
- Online
Landsec signals non-core sell-off and office development in the regions
Landsec boss Mark Allan told investors he is positioning the property giant for growth today at a virtual capital markets day as he outlines his strategy for asset sales and a potential mixed-use expansion into regional cities.
- Online
NAV edges down at Circle as it targets sales to reduce gearing
Regional office group Circle Property has posted a 1% fall in estimated net asset value (NAV) during the six months to the end of September.
- Online
RDI rent collection recovers from June low
RDI REIT has collected 81.5% of gross rents or income due for the September quarter.
- Insight
Can Rita-Rose Gagné win at Hammerson?
Hammerson’s new chief executive, Rita-Rose Gagné, is a relative unknown. Property Week assesses her track record and what she has to do to turn the troubled retail giant around.
- Online
Barratt forward sales ahead of last year
Housebuilding giant Barratt Developments has hailed a sharp rise in forward sales.
- Online
Regional REIT matches last year’s rent collection level despite Covid
Regional REIT has collected just over 82% of rent since the September quarter day, with the previous two quarters approaching a full kitty.
- Online
Easing of lockdown provides OnTheMarket with strongest quarter ever
Online estate agent group OnTheMarket has revealed it had its busiest ever quarter after demand for homes surged following the end of the Covid-19 lockdown restrictions.
- Online
Derwent pulls in more rent, but retail collections remain low
Derwent London has collected 80% of rents due so far from the September quarter day, but less than half of retail tenants paid on time as the pandemic continues to batter high streets.
- Online
Palace Capital collects 70% of third quarter rents and reinstates dividend
Palace Capital collected 70% of quarterly rents due in September, a higher percentage than at the equivalent stage in the two previous quarters.
- Online
Tritax rewards investors with interim dividend payout
Investors in the industrial property giant will benefit from a divided payment for the third quarter of almost 1.6p a share as logistics property groups continue to benefit from a boom driven by increased demand from online shoppers.
- Online
Helical ups rent collections across the first three quarters
Helical has collected 84% of September quarter rent, up from the 77% initially collected by the previous quarter day.
