All articles by David Parsley – Page 17
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OnlineLSL hit by 20% slump in profit as it navigates ‘significant macroeconomic headwinds’
Estate agency group LSL has suffered a 20% slump in profit in the first half of its financial year as rising interest rates stymied the market.
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OnlineFormer SEGRO COO Gulliford joins Salmon Property
SEGRO’s former chief operating officer (COO) Andy Gulliford has joined investment and development group Salmon Propertyas a consultant to assist the senior management team in expanding the business.
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OnlineFormer Homes England boss More joins Housing Growth Partnership
The former chief investment officer and interim chief executive of Homes England has been appointed as a senior strategy advisor at Housing Growth Partnership (HGP).
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OnlineBritish Land confident for financial year despite Meta lease surrender for £149m
British Land confirmed it had received a payment of £149m, reportedly equivalent to about seven years’ rent, from social media giant Meta, which surrendered the lease it had agreed for the former’s 1 Triton Square in London’s Regent’s Place.
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OnlineHirson becomes Gerald Eve recruitment boss
Consultancy Gerald Eve has appointed Archie Hirson as head of recruitment.
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OnlineReal Estate Investors hit by worse economy since global financial crisis
Net tangible assets (NTA) at Midlands-based Real Estate Investors nudged down during the six months to the end of June as investment levels hit their lowest point since 2008.
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OnlineCLS appoints telecoms expert to board
CLS, the London-based office space specialist, has appointed telecoms expert Eva Lindqvist as an independent non-executive director.
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OnlineDalata makes first hotel acquisition in the Netherlands
Dalata Hotel Group has struck its first deal in the Netherlands and second in mainland Europe with the acquisition of a hotel in Amsterdam.
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OnlineNTA slumps at Supermarket Income REIT despite soaring rental income
The value of net-tangible assets (NTA) at Supermarket Income REIT slumped 19% in the year to the end of June, the company has revealed in its annual results.
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OnlineHenry Boot posts rise in NAV but profit falls as debt rises
Henry Boot has posted a 2.6% rise in net asset value (NAV) for the six months ended 30 June 2023.
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OnlineAEW UK REIT shakes up board with new chairman and non-exec director
AEW UK REIT has appointed Robin Archibald and its new chairman and former British Property Federation chief Liz Peace to the board.
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OnlineBritish Land upgrades retail park rental growth estimate
British Land has upgraded its forecasts for rental growth in it retail park portfolio from between 2% and 4% to between 3% and 5% in response to demand for space.
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OnlineVida hires Smith as national account manager
Specialist homes lender Vida has hired Oliver Smith as national account manager.
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OnlineBBC appoints LSH to offload lease at Salford MediaCity
The BBC has appointed Lambert Smith Hampton (LSH) to dispose of its leasehold interest at Bridge House in MediaCity, Salford.
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OnlineInvestors target UK and European offices needing sustainability upgrades
Private and institutional investors are targeting UK and European offices with poor environmental performance with a view to creating value through sustainability upgrades, a Knight Frank report has found.
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OnlineQIP and Hurlington join forces on £80m student scheme in south London
Singapore-based private equity firm Q Investment Partners (QIP) and Hurlington Capital have formed a joint venture to develop an £80m purpose-built student accommodation (PBSA) site in Woolwich, London.
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OnlineNumber of pubs forced to close leaps 50% across England and Wales
The number of pubs being demolished or converted for other uses across England and Wales surged by 50% during the three months to the end of June, according to government statistics.
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OnlineRents rise by 12%, passing £1,300 average for first time
Residential rents rose by 12% in the year to August, passing £1,300 for the average letting for the first time, according to estate agency Hamptons.
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OnlineBritish Land and Norges put £750m price on Meadowhall, despite denying sale plan
British Land and Norway’s sovereign wealth fund Norges are understood to have appointed CBRE to investigate the £750m sale of its Meadowhall shopping centre in Sheffield.
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OnlineLok’nStore appoints Barker as non-exec
Self-storage company Lok’nStore has appointed lawyer Bridget Barker as an independent non-executive director.
