All articles by David Parsley
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Home REIT continues sell-off as if faces FCA investigation
Trading in shares of the REIT has been suspended since January 2023 after a damning short-seller report from Viceroy Research.
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IWG confident of hitting full-year profit forecast
The trading update follows rumours that the London-listed firm has been weighing up a move to the US.
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House prices expected to ‘rise modestly’ over 2024, Halifax reports
Property values were up 1.1% year-on-year in April, with the average UK house price standing at £288,949.
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Industry heavyweights Hyman and Hopkins target £500m listing for new investment group
Industry veterans including Primary Health Properties founder Harry Hyman and former Workspace head Jamie Hopkins launch venture.
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Cain International reveals merger with Blackbrook Capital
The merged group of Cain International and Blackbrook Capital will bring the firms’ combined assets under management to over $17bn (£13.6bn).
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SGS completes shopping centre £445m refinancing with Lloyds
SGS owns the former intu centres in Lakeside in Essex, Atria Watford, Victoria Centre in Nottingham and Braehead near Glasgow.
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Irish housebuilder Glenveagh’s forward order book rises to €963m
Irish housebuilder Glenveagh Properties has issued a robust trading update ahead of its annual general meeting on Thursday.
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Custodian produces solid final quarter figures
The group also revealed a 9% increase in its target dividend from 5.5p to 6p.
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US capital swoops into UK commercial property with 64% year-on-year growth
London recorded its highest share versus the rest of the UK in almost a decade, new research has found.
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Springfield signs £10m affordable housing contract with Scottish council
The contract is part of the Moray Growth Deal, designed to boost economic performance of the north-east Scottish region.
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Investec promotes Goolab as head of private client real estate lending
She will lead a shift towards targeting more lending in the living sector.
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Grosvenor reports fall in asset values and profits for 2023
Pre-tax profit at Grosvenor fell by £11.2m, driven by losses in its international business.
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CapReg bounces back from pandemic as footfall and rental income rise
The group’s net rental income rose 5% and asset valuations grew 2.6% in 2023.
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LGIM launches student living platform with £122m purchase
Company buys two PBSA schemes in Exeter and Glasgow on behalf of Legal & General Retirement Institutional.
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Supermarket Income REIT buys £64m French portfolio
The portfolio comprises 17 Carrefour Market supermarkets.
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GPE makes raft of appointments as it targets 1m sq ft of flex space
GPE’s is looking to double the size of its flexible office portfolio.
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Home completions at Persimmon fall 10%
Housebuilder posted drop in new home completions during the first three months of it financial year, but reported an improvement in sales rates and “firm pricing”.
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NewRiver achieves record 98% occupancy during fourth quarter
The group completed 785,100 sq ft of lettings in the year to the end of March at an average 3.6% above estimated rental value.
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FT columnist Stevenson joins Workspace board
New non-exec director is an investment columnist and founder of news and analysis service ETF Stream.
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Warehouse REIT adds £1.4m to rent roll in fourth quarter
The company secured 22 deals in it fourth quarter at rents an average 28.6% above previous levels.