All articles by David Parsley – Page 12
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OnlineWorkspace value falls lead swing to loss, but trading improves
Workspace Group swung to a pre-tax loss of £147.9m compared to a profit of £35.8m a year before, as it posted a 10.2% fall in net tangible assets (NTA) and a 6.6% fall in the value of the portfolio in the six months to the end of September.
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OnlineSiruis raises £146m to fund UK and German deals
Sirius Real Estate has raised £146.6m to fund a pipeline of acquisitions in the UK and Germany.
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OnlineShaftesbury scraps portfolio sale due to low bids
Shaftesbury Capital has scrapped plans to sell a portfolio of properties in London’s Fitzrovia district after bids fell short of expectations, according to a report.
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NewsSirius seeks £145m to fund UK and German acquisitions
Sirius Real Estate is seeking to raise around £145m in a share placing to fund the acquisition of a pipeline of assets.
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OnlineDowning to offer sustainability-linked lending to property developers
Downing has launched a sustainability-linked lending programme for property developers.
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OnlineAviva begins construction of fossil-fuel-free Essex life sciences scheme
Aviva Investors’ has started developing an additional 60,000 sq ft of facilities at its new Sidney Sussex Building on life sciences centre Chesterford Research Park near Cambridge.
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OnlineKnight Frank bolsters occupier team with promotions and appointments
Knight Frank has strengthened its UK-wide occupier advisory offer with a series of senior promotions and appointments to its UK occupier strategy and solutions team.
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OnlineBritish Land and Savills report claims life sciences could grow by £4bn a year
British Land believes the UK’s life sciences market could generate an additional £4bn in gross value by 2035 if it can match the growth seen in the US, according to a report the property giant has issued in collaboration with Savills.
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OnlineGPE hails strong rental growth despite slump in NAV and valuation
Net asset value (NAV) at Great Portland Estates (GPE) slumped 14.1% in the six months to the end of September, as macroeconomic uncertainty hit valuations.
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OnlineNTA and valuations dip at Assura
Primary care property investor and developer Assura’s net tangible asset (NTA) value fell 4.1% during the first half of its financial year, as the group swung from profit to loss, its latest results show.
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OnlineWarehouse REIT to sell 2m sq ft Crewe industrial park development to reduce debt
Warehouse REIT plans to sell its Radway Green industrial park in Crewe in an effort to reduce debt.
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OnlineCFO to depart Palace Capital as group focuses on returning cash to investors
Palace Capital is set to part company with its chief financial officer Matthew Simpson following its announcement of a new strategy to maximise cash returns to shareholders.
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OnlineWatkin Jones appoints Pease as CEO
Alex Pease has been appointed as chief executive of Watkin Jones following the departure of Richard Simpson in July.
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OnlineNAV at Picton falls but group slashes losses
Picton Property Income’s net asset value (NAV) dipped 1.9% during the six months to the end of September.
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OnlineAroundtown sells Hyde Park Hilton for possible resi conversion
German real estate investor Aroundtown has sold the Hilton London Hyde Park hotel in London to an unnamed Dubai-based family office advised by MGI Holdings, for a price believed to be close to £50m.
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OnlineIKEA owner buys Brighton shopping centre for around £150m
The business behind retail giant IKEA is understood to have paid fund manager abrdn £145m for Brighton’s main shopping centre, Churchill Square.
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OnlineGovernment puts £1.1bn Covid ‘Megalab’ on sale at less than build cost to taxpayer
The government has put a Covid ’megalab’ in Leamington Spa up for sale at a price believe to be less than the £1.1bn taxpayers paid to build it.
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OnlineDowning LLP invests £27m into residential care businesses
Investment manager Downing has invested £27m in three elderly residential care businesses.
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OnlineLXi extends £60m HSBC loan
LXi REIT has agreed a two-year extension to its £60m loan facility with HSBC from its current maturity of December this year.
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OnlineBritish Land suffers NTA hit but rents show strong growth
Property firm British Land has told investors that it expects annual rental growth to be at the top end of its forecasts but yields on assets remain under pressure due to high interest rates.
