All articles by David Parsley – Page 11
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Tritax EuroBox reports NAV decrease
Net asset value (NAV) at Tritax EuroBox slumped 25% in the year to the end of September as yields moved out across the property sector.
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NAV slumps at ReSI as the retirement living group swings to a loss
Residential Secure Income REIT (ReSI) has posted a 16.2% fall in net asset value (NAV) for the year to the end of September.
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Valor completes £101m loan on London urban logistics assets
Valor Real Estate Partners has secured a five-year £101m loan from Canada Life Asset Management.
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LXi director John Cartwright dies aged 70
John Cartwright, a non-executive director at LXI REIT, has died at the age of 70.
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Life Science REIT lets Oxford Technology Park’s Building 6A
Life Science REIT has let Building 6A at Oxford Technology Park (OTP) to Oxford Ionics, an Oxford University spin-off firm and pioneer in quantum computing.
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Cohort agrees £175m refinancing of UK’s most expensive home
Specialist lender Cohort Capital has refinanced a £175m London mansion, once described as the UK’s most expensive home, for a private Middle Eastern bank.
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Saudi’s PIF buys 49% stake in Rocco Forte Hotels for £590m
Saudi Arabia’s sovereign wealth fund is set to buy a 49% stake in luxury hotel group Rocco Forte Hotels for around £590m, according to a report in the Financial Times.
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Crystal Palace seeks £45m to kick off football stadium redevelopment
Premier League football club Crystal Palace is seeking to raise £45m to fund the redevelopment of its stadium in south east London, according to a report from Bloomberg.
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UAE investor Aldar Properties in £230m deal to buy London Square
UAE-based real estate group Aldar Properties has completed the acquisition of UK residential developer London Square.
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St Modwen secures £525m lending deal
RBC Capital Markets has agreed a £525m five-year loan to help fund St Modwen’s development pipeline.
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NTA falls at LXi REIT as group continues with disposal strategy to reduce debt
The value of net tangible assets (NTA) at LXi REIT fell 5.8% during the group’s half-year to the end of September.
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LendInvest completes £410m securitisation of UK BTL loans
Lending group LendInvest has completed the group’s fifth and largest securitisation of £410m of its buy-to-let (BTL) mortgage loans in an oversubscribed residential mortgage backed security (RMBS).
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Hines’ European Value Fund 3 raises beats fundraising target
Hines has beaten the €1.5bn (£1.2bn) fundraising goal for its European Value Fund 3 (HEVF 3), having secured €620m (£535m) this year for investment across Europe, taking the total raised since its launch in mid-2022 to over €1.6bn (£1.3bn).
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UK to lag European debt market recovery by a year, AEW reports
The UK is set to lag Europe’s recovery in real estate debt markets by a year, according to a report from investment and asset manager AEW.
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Carter Jonas's annual profit slumps 22%
Agency Carter Jonas has posted a 22% fall in profit in its latest set of account, despite a rise in sales.
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Fourth quarter revenue edges up at Safestore
Storage giant Safestore increased its group revenue by 1.4% during the three months to the end of October.
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Bridgewater Place developer latest to delist from International Property Securities Exchange
BWP REIT, owner of the Bridgewater Place scheme in Leeds, has become the latest group to confirm its delisting from the failed International Property Securities Exchange (IPSX).
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Leading investor group backs CoStar’s £99m OnTheMarket takeover
Influential shareholder group Glass Lewis has backed CoStar’s £99m takeover of property portal OnTheMarket, which also won the backing of fellow proxy group ISS last week.
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Australia’s IFM cues up deal to invest £10bn in UK infrastructure
IFM Investors, the Australia-based global institutional investment manager, has signed a memorandum of understanding with the UK government over its intention to invest £10bn in UK infrastructure.
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PPHE secures consent for new concept Park Plaza Victoria London hotel
PPHE Hotel Group has secured planning permission from Westminster City Council to develop a second hotel within its Park Plaza Victoria London property.