All articles by David Parsley – Page 16
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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.
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Bellway profits fall 18% in challenging housing market
Housing giant Bellway suffered an 18% slump in profit in the year to the end of July as home completions and revenue also fell.
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Nuveen partners with Apache Capital to deliver BTR housing across UK
Nuveen Real Estate has formed a joint venture with Apache Capital to fund single-family build-to-rent (BTR) housing across the UK.
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Investec provides £80m loan for Norton’s Suffolk distribution centre
Investec Real Estate has provided Norton Group with an £80m financing package to fund the development of a distribution centre in Suffolk.
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Sandyford secures £20m Barclays debt facility in drive to double portfolio
UK multi-let industrial property company Sandyford Properties has secured a £20m, five-year revolving credit facility with Barclays to fund acquisitions, as the group looks to more than double its portfolio over the next five years.
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Tritax Big Box REIT agrees £500m RCF
Logistics group Tritax Big Box REIT has agreed a £500m sustainability-linked unsecured revolving credit facility (RCF) with a syndicate of its existing relationship banks and new lenders.
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Kentucky bourbon brand takes Covent Garden space for London debut
Faith Gear Holdings has let a unit in Covent Garden, London, to Buffalo Trace Distillery, which will be the brand’s first bricks-and-mortar outlet outside its US home in Kentucky.
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Smith to step down as CEO of Unite Students
Richard Smith is set to step down as chief executive of Unite after 13 years with the student accommodation giant.
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GPE reports 37 lettings for half-year to end of September
Great Portland Estates (GPE) has told investors leasing deals in the six months to the end of September were struck at 13.4% ahead of estimated rental values (ERV).
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Grainger hits record occupancy level
Residential giant Grainger has told investors rents grew 7.7% in the year to the end of September after achieving record occupancy levels of 98.7%.