All articles by David Parsley – Page 10
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Home REIT board to walk away from troubled firm en masse
The board of the troubled residential investor Home REIT is set to resign en masse following the appointment of a new chairman.
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IPSX staff pay almost doubled despite £7m loss in year before collapse
The International Property Securities Exchange (IPSX) almost doubled staff pay in the year to the end of June 2022, ahead of announcing its collapse last September.
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UK’s largest nightclub owner set to enter administration
Rekom has revealed it plans to appoint administrators as it struggles with higher bills.
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Mike Ashley considers bid for Sheffield’s Meadowhall
The Sports Direct founder is considering his biggest investment to date in the retail property market.
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Zenzic launches £500m student digs strategy
Leeds Zenzic Capital has launched a £500m UK student accommodation strategy with an initial five schemes.
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Hightown secures £50m in funding from Aviva
Aviva Investors has provided £50m of funding to Hightown Housing Association, which owns and manages more than 8,700 homes and care and supported housing projects across Hertfordshire, Buckinghamshire, and Berkshire.
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Clarion raises £427m for UK logistic fund
Fund manager Clarion Partners Europe has exceeded the fund raising target for its closed-end UK logistics fund by securing £427m in investment.
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LondonMetric to take over LXi in £1.9bn deal
LondonMetric has agreed a £1.9bn takeover of Nick Leslau’s LXi REIT, in a deal that will create the UK’s fourth largest REIT with net tangible assets of £4.1bn.
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Persimmon warns on “highly uncertain” housing market in 2024
Housebuilding giant Persimmon said it expects the housing market to remain “highly uncertain” in 2024, despite achieving higher sales than expected in 2023.
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Winkworth blames Truss's mini-budget for fall in annual home sales
Estate agency group M Winkworth has blamed the September 2022 mini-Budget of former prime minister Liz Truss and then chancellor Kwasi Kwarteng for a downturn in the UK property market and its annual trading in 2023.
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Assura claims robust financial performance in third quarter
Healthcare property group Assura has told investors it is in a “robust financial position” after the third quarter of its financial year.
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Belvoir and Property Franchise Group reveal £214m merger
Estate agent brands Belvoir and The Property Franchise Group (TPFG) have revealed an all-share merger.
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VervLife’s Rose leads board appointments at UK Single-Family Association
The UK Single-Family Association (UKSFA), representative body for the single-family rental industry in the UK, has revealed a raft of appointments to its board, led by new president Katherine Rose.
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Unite reports letting increase for 2024/5 and expects 5% rent rise
Student accommodation giant Unite has told investors lettings for the start of next year’s academic year are ahead of 2023/24 and rents are forecast to rise by 5%.
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Helical targets further lettings in final financial quarter
Helical has told investors it is aiming to build on “positive asset management progress” and achieve further lettings as it enters the final quarter of its financial year.
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Travelodge buys 66 hotels back from LXi for £210m
LXi REIT has exchanged contracts on the sale of 66 Travelodge branded hotels to the Travelodge group for £210m.
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LondonMetric buys Doncaster warehouse for £21.2m
LondonMetric has completed the acquisition of a long-let distribution warehouse in Doncaster for £21.2m.
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UK hotel investment falls 37% to £2bn in 2023
The UK hotels market attracted £2bn of investment in 2023 but was down by more than a third on 2022’s figures, according to a new report.
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I-RES urges investors to reject Vision Capital move to take effective control
Irish Residential Properties REIT (I-RES) has urged shareholders to reject all resolutions at an emergency general meeting (EGM) requestioned by activist shareholder Vision Capital.
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Institutions set to boost investment in residential development, survey finds
Institutional investors are increasingly recognising their role in meeting UK housebuilding targets and plan to boost funding levels, research from investment manager Downing has found.