All articles by David Parsley
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OnlineWeWork valued at just £6.1bn as Softbank moves to take control
SoftBank is in advanced talks to take a majority stake in troubled flexible office group WeWork, in a deal that values the group at just $8bn (£6.1bn).
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Online
L&G appoints Capco director as it prepares for £750m affordable homes push
Legal General Affordable Homes is to pump £750m into new affordable housing projects across the UK, increasing its development pipeline to nearly 3,500 homes, across 41 schemes.
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Online
Candy eyes bid for Capco
Residential property tycoon Nick Candy has confirmed he has joined forces with Saudi Aradia’s Public Investment Fund to launch a bid for Earls Court and Covent Garden owner Capital Counties (Capco).
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Online
Regional REIT buys UK office portfolio
Regional REIT has paid £27.7m for a portfolio of four office assets.
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Commercial lending rises despite global uncertainty
Lending in the commercial property market grew in the first six months of 2019, despite the lack of property transactions and political risks.
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Online
Segro updates on first nine months of year
The boss of industrial and logistics giant Segro has said the group has had a strong first nine months of the year in a positive trading update to the market.
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Online
Calastone appoints Kramer as vice chairman to lead US expansion
Calastone, the global funds network, has appointed Dan Kramer as vice chairman to lead its expansion in the US from the firm’s New York office.
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Online
Gresham House resi and infrastructure fund raises £200m
Gresham House, the alternative asset manager, has raised £200m for its British Strategic Investment Fund.
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Online
Bellway posts annual profit rise, but warns on falling margins
Housebuilder Bellway has reported a rise in profit as it sold a record number of homes for the year.
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Online
British Land and Patrizia invest in WiredScore
WiredScore, the global rating scheme for digital connectivity in real estate, has secured £3.2m in funding from British Land and Patrizia.
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Online
Maslow funds resi skyscrapers in Manchester
Maslow Capital has agreed a £123m loan to provide Renaker funds to develop two residential towers in Manchester.
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Online
Landsec set to sell £650m leisure portfolio to CIT
Landsec is reportedly close to selling a £650m stake in a leisure portfolio to private equity group CIT Partners.
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Online
NAV rises at Urban Logistics
Urban Logistics has released a trading update this morning ahead of reporting its interims next month.
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The Collective targets £650m fundraising to build £1bn co-living portfolio
Co-living group The Collective and DTZ Investors have launched the world’s first fund to buy and build communal housing in London.
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Online
WeWork’s UK losses rocket ten-fold
WeWork has posted a staggering ten-fold increase in losses for its UK arm in its latest set of accounts filed at Companies House.
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Online
The Route raises £30m to fund eight UK developments
The Route Finance, part of The Route City wealth club, has raised £30m for the funding of eight developments across the UK.
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Online
Hays acquires all 555 Thomas Cook stores
Hays Travel has acquired all 555 Thomas Cook stores around the UK out of liquidation, providing re-employment opportunities for former staff of the bust travel group’s retail operations.
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Online
ICAMAP in attempt to block Atrium takeover by majority owner
ICAMAP Investments has written to the board of Atrium Real Estate alerting it to its intention to vote against the €1.4bn (£1.26bn) takeover of Atrium by Israeli property group Gazit Globe.
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Commercial property values drop in September
Capital values across UK commercial property fell -0.4% in September 2019, according to the latest CBRE Monthly Index, while rental values and total returns were flat.
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Leitner to head up CBRE GI
CBRE Group has appointed Chuck Leitner global chief executive of CBRE Global Investors, CBRE’s investment management business.
