All articles by David Parsley
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NewsListed propcos collected just 67% of June quarter day rents
Retail and leisure struggled to bounce back from lockdown, but alternative property classes fared better.
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Online
Sigma hit by Covid-19 lockdown as activity falls 40%
Profit at Sigma Capital has taken a hit of more £3m as construction and lettings came to a halt during the first Covid-19 lockdown.
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Online
NAV and profit collapses at TCS as pandemic bites
Net asset value (NAV) at Town Centre Securities (TCS) slumped 17.4% during the year to the end of June, despite efforts to realign its portfolio away from retail.
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Online
Sigma joins forces with investment giant EQT on £1bn-plus London rental partnership
Sigma Capital has launched a £1bn-plus joint venture with Swedish investment giant EQT Real Estate to development rental homes in London.
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Online
Curlew commits £60m to CKC student scheme in Bermondsey
Curlew Capital has provided CKC Properties around £60m to fund the development of a student accommodation development in Bermondsey, South East London.
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Online
Brunswick Property Partners launches £1bn London workplace venture
Brunswick Property Partners (BPP) has launched Akoya, a workspace venture with designs on building a portfolio of at least £1bn.
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Online
Revo calls for business rates cap of 30% and annual valuations
Retail property lobby group Revo has called for a drastic cut in the level of business rates as part of its first stage response to the HM Treasury consultation on business rates reform in England.
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Online
L&G acquires site for £100m retirement village in Hampshire
Inspired Villages, Legal General’s later living business, has acquired a 10-acre site in Hampshire to build a £100m retirement community.
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Online
TCS sells four retail assets as portfolio repositioning continues
Town Centre Securities has sold four retail properties in Scotland and London for £35.2m.
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Online
Urban Logistics seeks £130m from investors to fund acquisitions
Urban Logistics is seeking around £130m from retail and institutional investors via the combination of a share placing and issue.
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Online
Annual losses at Galliford Try more than treble
Galliford Try has continued to withhold its dividend after posting a £59.7m loss for the year to the end of June.
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Online
SERE investors paid 75% of expected half-year dividend as Covid-19 bites
Investors in Schroder European Real Estate (SERE) Investment Trust are set to benefit from an increase in their half-year dividend payment, but the payment will be 25% down on pre-Covid-19 expectations.
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Online
Allegra and Moorfield enter care home partnership
Allegra Care and Moorfield Group have formed a £125m partnership to build a portfolio of nursing and dementia care homes.
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Online
CLS pays Aviva almost £60m for three offices
CLS has paid £59.7m to buy three offices in London and the South East from Aviva Investors.
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Online
PropertyHeads completes fundraising to begin acquisition spree
Property social network PropertyHeads has completed its latest fundraising round and acquired one of the country’s longest-serving property data and information websites.
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Online
LondonMetric sells six warehouses to Canadian investor
LondonMetric has sold a portfolio of six distribution warehouses for £57.3m to Canmoor and Canadian institutional investor AIMCo.
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Online
Curlew makes four hires to bolster student accommodation team
Curlew Capital has bolstered its team with four new hires as part of its growth plans in the UK Purpose Built Student Accommodation (PBSA) sector.
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Online
Supermarket Income REIT buys Bracknell Tesco for £39.5m
Supermarket Income REIT has bought a Tesco supermarket in Bracknell from a client of CBRE Global Investors for £39.5m.
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News
Housebuilders given a six-month ultimatum
CMA gives the top four housebuilders a deadline to address the issue of unfair leaseholds.
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Online
McKay completes sale of 30 Lombard Street
McKay Securities has completed the £76.5m sale of 30 Lombard Street in the City of London to pan-European institutional fund REInvest after initially striking the deal nine months ago.
