All articles by David Parsley – Page 21
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Mortgage lending slump continues in second quarter of 2023
Borrowing for house purchases continued to show a sharp fall during the second quarter of the year, according to UK Finance.
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Dalata reports strong revenue growth but profit dips
Dalata Hotels has posted a 3% fall in profit despite a 29% rise in revenue during the first half of the year.
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Bromford and LGIM co-create sector-first £50m funding partnership
Legal & General Investment Management (LGIM) has agreed a £50m funding deal with social housing group Bromford.
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Home REIT moves to take control of leases following approval to ditch homelessness commitment
Social housing provider One CIC has agreed to surrender its leases on 100 properties to Home REIT following this week’s shareholder approval for the group to ditch its commitment to easing homelessness.
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UK hotels bounce back from Covid with strong revenue growth
Hotels in the UK are experiencing a post-Covid rebound, according to new research from Knight Frank.
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Gleeson appoints new sales director
Gleeson Homes has appointed Steve McElroy to the newly created role of group sales director.
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Home REIT secures shareholder backing over ditching pledge to house homeless
Home REIT has won support from shareholders to shift its investment focus from providing accommodation for the homeless in an effort to restore its rental income.
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NAV dips at abrdn European Logistics Income
Net asset value (NAV) at abrdn European Logistics Income’s portfolio dipped 2.6% in the quarter to the end of June.
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InterBay closes buy to let lending deal
InterBay has completed a remortgage deal allowing a property investor to pay off its development loan on 28 units above a retail parade in Hemel Hempstead.
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Tritax Big Box closes in on £450m refinancing deal
Tritax Big Box REIT is close to agreeing a refinancing deal of its £450m revolving credit facility (RCF), Property Week can reveal.
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NTA nudges up at Target Healthcare
Net tangible assets (NTA) at care home group Target Healthcare nudged up during the three months to the end of June as rent across its portfolio rose.
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Aviva Investors provides additional £57m loan to Urban Logistics
Aviva Investors has agreed an additional £57m in sustainable transition financing to Urban Logistics REIT.
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Gagné says Value Retail stake not a ‘long-term hold’ for Hammerson as group eyes sale
Hammerson has given its strongest signal yet that it is preparing to sell its stake in Value Retail, Property Week can reveal.
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Orega appoints new chief executive
Flexible workspace provider Orega has appointed Alan Pepper as the group’s new chief executive.
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Housing Growth Partnership invests £13m in Manchester BTR scheme
Housing Growth Partnership (HGP) has committed £13m to a joint venture with McGoff Group to deliver the new Downtown Victoria North build-to-rent scheme in Manchester.
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Silbury Finance provides £67m loan for 341-home development in Bedford
Silbury Finance has provided a £67m senior loan to MCR Property Group to fund the development of mixed-tenure homes in Bedford.
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NAV at SEGRO dips in first half but profit rises
Net asset value (NAV) at industrial giant SEGRO fell 3% in the six months to the end of June following a 1.4% fall in the value of its portfolio.
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Improving half-year figures allow Hammerson to return to a cash dividend
Hammerson has posted an improving set of half-year figures, which revealed only a small fall in net asset value (NAV) and net tangible assets (NTA).
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NewRiver to spell out growth opportunites to investors
NewRiver REIT will claim an “excellent operational performance” at its annual general meeting today (26 July), with chief executive Allan Lockhart set to highlight rises in occupancy and rent collection.
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Vistry Group secures additional grant funding from Homes England
Housebuilding giant Vistry has secured an additional £67m from Homes England to develop grant-funded affordable homes in the period up to 2026.