All articles by David Parsley – Page 20
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Online
House prices fall at fastest rate since 2009, Halifax index shows
The average UK house price dropped 4.6% in the year to August, falling at the fastest annual rate since 2009, according to the latest index from Halifax.
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Online
Cairn Homes reveals record order book
Irish housebuilder Cairn Homes has revealed a record order book equating to net sales of €1bn (£860m).
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Online
AEW UK Impact Fund launches with £100m seed portfolio
AEW has launched it first place-based impact investing strategy with a £100m seed portfolio.
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Online
Profit and revenue hit at Winkworth as homebuyers delay completions
Estate agency group M Winkworth’s revenue dipped 5% to £26.4m for the half-year to the end of June, compared to £27.7m during the same period last year, while Pre-tax profit slumped 24% to £810,000, compared to £1.07m last time, after a weak second quarter.
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Online
Profit plunges at Barratt due to economic headwinds
Housebuilding giant Barratt Developments was hit by a 16.2% fall in pre-tax profit to £884.3m, compared to more than £1bn in the previous year, despite a 1% rise in revenue to £5.3bn in the year to the end of June.
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Insight
The Road to Ukraine: PW visits the war-torn country
As Ukraine looks beyond war and destruction, Property Week’s David Parsley visits the cities of Lviv and Kyiv to find out about the country’s rebuilding projects, the developments under way and the state of the residential market.
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News
‘Unhelpful headwinds’ behind failure of IPSX, says chief exec
Roger Clarke says he is still convinced of the need for such a property exchange despite lack of investor interest
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Online
Mailbox prepares to exit IPSX as exchange winds down
Mailbox REIT has revealed it will quit the International Property Securities Exchange (IPSX) following the announcement that the single-asset investment market is winding down its business following funding issues.
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Online
Nuveen secures €40m investment for pan-European push
Nuveen Real Estate has secured a further €40m (£34m) in capital commitments for its pan-European diversified strategy from a Canadian institutional investor.
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Online
Staffordshire R&D premises changes hands for £6.5m
Siddall Jones has advised an undisclosed vendor on the £6.5m sale of a warehouse and office premises on Fradley Park in Staffordshire.
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Online
Knight Frank appoints diversity chief
Knight Frank has appointed Hannah Awonuga as group head of equity, diversity and inclusion (EDI).
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Online
IPSX to wind down as it fails to find new investment
The International Property Securities Exchange (IPSX) is set to wind down claiming its aim to “revolutionise” property investment has been hit by “a lot of bad luck”.
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Online
Select secures finance deal for resi development in Manchester
Select Property has agreed a £128.5m finance deal with Maslow Capital to fund the development of a residential scheme in Manchester’s Northern Quarter.
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Online
PHP appoints former NewRiver director Davies as CEO
Primary Health Properties (PHP) has appointed NewRiver REIT co-founder Mark Davies as its next chief executive.
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Online
Housing Growth Partnership invests £18m to fund new Midlands homes
Lloyds-backed equity investor Housing Growth Partnership (HGP) has invested £17.7m of equity across seven housing schemes in the Midlands since the start of 2023.
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Online
Half-year profit rises at Belvoir
Estate agency franchise firm Belvoir Group has posted a 3% rise in revenue for the first half of its financial year to the end of June to £15.9m, compared to £15.4m for the same period last year.
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Online
House prices register largest fall in 14 years, Nationwide finds
The average UK house price fell in August at the sharpest annual rate seen in 14 years, according to the Nationwide Building Society.
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Online
House sale completions expected to be lowest since 2021
The number of home sales taking place across the UK this year is on track to be around a fifth lower than in 2022, according to property portal Zoopla.
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Online
Commercial property investment volumes forecast to plummet by a third in 2023
BNP Paribas Real Estate expects £41bn will be invested in the UK commercial real estate market this year, down by a third on last year and on the long-term average.
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Online
Shaftesbury Capital to sell £100m-plus Fitzrovia portfolio
Shaftesbury Capital has instructed CBRE to sell the group’s Fitzrovia assets in London for in excess of £100m, according to reports.