All articles by David Parsley – Page 22
-
Online
NAV dips at Picton during second quarter
Net asset value (NAV) at Picton, the commercial property investment REIT, took a near-£6m hit in the quarter to the end of June.
-
Online
PRS REIT posts strong rise in rental value
The PRS REIT has posted a 15% rise in rental values across its portfolio, the group told investors in an update for the fourth quarter to the end of June.
-
Online
Griffen secures major letting at Leicestershire logistics park
Griffen has agreed a 128,048 sq ft letting for a global manufacturer’s parts distribution operation on Unit 1 at its Griffen Park logistics park in Desford, Leicestershire.
-
Online
British Land secures planning for London urban logistics scheme
British Land has received resolution to grant planning permission for a 455,000 sq ft multi-level logistics hub at Heritage House in Enfield, north London.
-
Online
Oxford Properties and Pioneer Group to develop Bloomsbury life sciences hub
Oxford Properties Group and Pioneer Group have launched plans to convert Victoria House in Bloomsbury Square, London, into a life sciences hub.
-
Online
Arjun Infrastructure Partners recruits Garnett
Arjun Infrastructure Partners has appointed Asher Garnett as a managing director in its investor relations team.
-
Online
Priory in sale and leaseback deal with US group
Britain’s largest mental healthcare chain The Priory Group has reportedly completed a sale and leaseback of five or its properties to US group Medical Properties Trust for £43.7m.
-
Online
Honey hires Vistry exec as it targets seven further development sites
Housebuilder Honey has appointed former Vistry Group head of land Luke Herring as land and planning director as it continues with its site acquisition programme.
-
Online
Brookfield pockets £392m payout from Center Parcs as it seeks £4bn sale of upmarket resort
Private equity giant Brookfield has scooped a a £392m dividend following strong performance from its Center Parcs UK holiday village business as the group seeks a £4bn to £5bn sale of the business.
-
Online
Inland Homes appoints former Gleeson boss Harrison as CEO and looks north
Inland Homes has appointed former Gleeson boss Jolyon Harrison as chief executive.
-
Online
Blackstone breaks through £1trn AUM barrier
Blackstone has become the first alternative fund manager to pass through the $1trn (£772bn) assets under management (AUM) barrier and said it still has “vast opportunity for further expansion”.
-
Online
Goldman Sachs reports real estate write-downs
Banking giant Goldman Sachs has reported a $485m (£375m) impairment due to writedowns of its real estate investments, according to the group’s second-quarter earnings.
-
Online
Vistry provides mixed trading update
Housebuilding giant Vistry has posted a slight rise in average weekly sales rate to 0.86 during the first half of the year, up from 0.84 during the same period in 2022, and said its partnerships business continued to show resilience in difficult economic conditions.
-
Online
NAV rises at AEW UK REIT
AEW UK REIT has posted a rise in net asset value (NAV) to £169.6m during the three months to the end of June, up from £167.1m at the end of March.
-
Online
Valor makes four senior promotions
Last-mile real estate specialist Valor Real Estate Partners has made four promotions as it looks to double its assets under management to €6bn (£5.15bn) over the next three years.
-
Online
LendInvest posts sharp rise in managed funds but profit stalls
Mortgage platform LendInvest has increased its funds under management (FuM) by 23% in the year to the end of March, from £2.9bn to £3.6bn.
-
Online
Hines set to exceed €1.5bn target for latest fund
Global real estate investment group Hines has raised an additional €305m (£262m) of equity from institutional investors for the Hines European Value Fund 3 (HEVF 3).
-
Online
Stockport development group appoints interim chairman following death of Lord Kerslake
The Stockport Mayoral Development Corporation (MDC) has announced that Greater Manchester Combined Authority’s (GMCA’s) chief executive Eamonn Boylan will take up the role of interim chairman at the organisation following the death of Lord Kerslake earlier this month.
-
Online
TfL appoints Catella APAM as asset management adviser
Catella APAM has been appointed by Transport for London’s (TfL’s) wholly owned commercial property company as its asset management adviser and delivery partner.
-
Online
Boreal IM appoints Preece as UK vice-president
Pan-European real estate investment manager Boreal IM has appointed William Preece as a vice-president in it UK team.