All articles by David Parsley – Page 15
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Fidelity buys WeWork office block in London
Fidelity International has acquired 99 Queen Victoria Street in the City of London from troubled serviced office group WeWork.
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Z Hotels secures lending for new London property
Z Hotels has secured a £23m loan from OakNorth and ASK Partners for the acquisition and refurbishment of a mixed-use building on Charing Cross Road in central London.
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Goodstone Living closes £550m-plus BTR fund
Goodstone Living has closed its first UK build-to-rent (BTR) residential fund with more than £550m of investment capital.
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British Land appoints former Kennedy Wilson president to board
British Land has appointed industry veteran and former Kennedy Wilson president Mary Ricks as a non-executive director.
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Rental income grows at PHP as it completes Johannesburg listing
Primary Health Properties (PHP) added £3.3m to its rent roll in the nine months to the end of September, improving on last year’s growth in income.
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Montagu Evans appoints Avison Young’s Rachel Crick as planning partner
Planning and development consultancy Montagu Evans has strengthened its planning team in London with the appointment of Rachel Crick as partner.
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ICG Real Estate acquires £125m London digital infrastructure portfolio
ICG Real Estate has acquired a £125m portfolio of central London digital infrastructure assets let to Vodafone UK.
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Schroder European REIT appoints Beddy to board
Schroder European Real Estate Investment Trust has appointed Mark Beddy as an independent non-executive director of the company.
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Newcore targets £375m equity raise for core-plus fund
Newcore Capital, the real estate investment manager that specialises in social infrastructure assets, is aiming to raise up to £375m for a new core-plus strategy via a fund to be launched by the end of this year.
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Ilke Homes formally enters liquidation
Modular housebuilder Ilke Homes has formally entered liquidation with debts of more than £319m set to go unpaid.
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Vistry to take £40m hit to profit as it closes private home sales unit
Housebuilding giant Vistry has told investors that it expects a £40m hit to its profits after it shut its private housebuilding arm down to focus solely on affordable housing partnerships.
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NAV nudges up at Impact Healthcare
Impact Healthcare has posted a 1.3% rise in net asset value (NAV) during the three months to the end of September.
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OnTheMarket founder slams £99m takeover deal
The founder of OnTheMarket said he will vote against the £99m offer from information group Costar for the estate agency-backed property portal.
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CBRE’s Telford Homes continues to make a loss
Built-to-rent (BTR) group Telford Homes has reported a £193m loss for the year to the end of December 2022 due to a range of exceptional costs including potential remedial building safety work.
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Industry calls for ‘greater strategic planning’ for freight and logistics
Freight and logistics experts are urging the government to implement greater strategic planning for the sector so that it can meet the growing need for efficient deliveries on a local and national level.
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La Française buys Victoria office scheme from Grosvenor in £55m deal
La Française Real Estate Managers has struck a £55m deal to acquire an HQ building in Belgravia, London, from Grosvenor.
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OnTheMarket agrees £99m takeover deal
OnTheMarket has agreed to be taken over by US commercial real estate information group CoStar in a £99m deal.
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Research finds housebuilders prioritise billions in dividends over housebuilding
The UK’s eight largest housebuilding firms paid shareholders £16bn in dividends over the past 18 years, according to research from housing experts at Sheffield Hallam University.
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SEGRO reveals strong rental growth over first nine months of 2022
SEGRO has reported strong rental growth for the year to date and a positive outlook on the back of an active asset management programme.
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Barratt withholds usual figures ahead of AGM
Housebuilding giant Barratt has failed to provide a full-year profit forecast in its latest update to investor, citing the uncertain outlook.