All articles by David Parsley
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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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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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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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Aprirose agrees ground rent acquisition on trio of hotels
The company has acquired the ground rents of Oulton Hall in Leeds, Slaley Hall in Northumberland and Crewe Hall in Cheshire from Lloyds Pension Fund.
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Greystar and Student Roost get go-ahead for Bristol scheme
The development will include mixed-use student accommodation and co-living studios.
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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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Grosvenor to expand residential debt platform with £900m boost
The funding will support housing delivery over the next decade.
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Aviva Investors expands investment team with three appointments
Firm takes on an associate, analyst and a new director of sustainable investments.
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Get Living agrees £110m with Rothesay on Salford scheme
The build-to-rent operator has secured the facility to refinance its New Maker Yards neighbourhood in Salford, Greater Manchester.
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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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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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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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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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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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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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John Lewis axes plans for housing to contribute 40% of profits
Last October the group announced it entered the BTR market and launched a management services business.
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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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Empiric posts strong annual figures as NAV and rents rise
Revenue increased 10.3%, driven by a lift in rental income