All articles by David Parsley – Page 27
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Net tangible assets slump 15.1% at LXi following Secure Income REIT merger
The value of net tangible assets (NTA) at LXi REIT slumped 15.1% in the year to the end of March to 121.1p per share, compared to 142.6p a year earlier.
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NAV falls 17% at Residential Secure in first half
Residential Secure Income (ReSi) has posted a 17% fall in net asset value (NAV) for the six months to the end of March at 90p, compared to 108.8p at the end of September.
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First Property Group launches new loan platform
Property fund manager and investor First Property Group has launched a senior loan platform to finance and refinance commercial property.
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European investment markets ‘hit pause’ in first three months of 2023
The European commercial real estate market hit pause during the first quarter of 2023, according to research from La Française Real Estate Managers.
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OneMedical to expand UK portfolio following £30m backing from OakNorth
OakNorth Bank has provided a £30m debt facility to back the expansion of OneMedical Property’s UK medical centres portfolio.
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Avison Young team launches Watling Real Estate in Bassi Capital-backed MBO
The national restructuring solutions team from Avison Young has launched Watling Real Estate, following a management buyout (MBO) deal backed by investment group Bassi Capital.
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Warehouse REIT swings to £182.8m loss as portfolio value slumps
The value of Warehouse REIT’s portfolio slumped 18.5% in the year to the end of March as the group was hit by industry-wide outward yield movements.
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NewRiver outperforms retail market as occupancy recovers to five-year high
Regional shopping centre group NewRiver REIT outperformed the wider retail market in the year to the end of March as the firm claimed the sector’s recovery was now in full swing.
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Workspace report shows office landlords going green to beat competition
The need to keep pace with competitors is the primary factor motivating office landlords to make sustainability improvements, research from workspace specialists infinitSpace and The Instant Group has found.
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Locale appointed on three King’s Cross residential developments
King’s Cross Central Limited Partnership (KCCLP), owner of the King’s Cross estate in London, has appointed occupier experience technology group Locale at three of its residential developments.
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CBRE snaps up French workplace consultant WiP
CBRE has acquired French specialist workplace consultancy workINprogress (WiP) for an undisclosed sum.
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Only industrial and West End offices to see “robust rental growth” in next five years, says IPF
Industrial assets and London’s West End office market will be the only two property sectors to outperform the all- property average during the next five years, according to an International Property Forum (IPF) report.
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Annual NAV and portfolio values nudge up at Sirius
Sirius Real Estate has posted a small rise in net asset value (NAV) and portfolio value in an indication that outwards yield movement in the property sector has eased.
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Watkin Jones agrees forward-funding deal on Belfast BTR scheme
Watkin Jones and Lacuna Developments have agreed a deal with Legal & General and Clanmil Housing Association to forward-fund the Loft Lines build-to-rent (BTR) scheme in the Titanic Quarter in Belfast.
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Property Franchise Group appoints SME expert Noyce to board
Estate agency network The Property Franchise Group has appointed Claire Louise Noyce as a non-executive director.
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FDC secures £30m following year of record lending to SMEs
Frontier Development Capital (FDC) has raised a further £30m from existing investors West Midlands Pension Fund and British Business Investments after completing a record year for investment.
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Kajima promotes Karia to finance director
Pan-European real assets business Kajima has appointed Anuja Karia as finance director at Kajima Properties (Europe) and Kajima Student Housing.
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British Land launches Innovation Advisory Council to support life science and innovation growth
British Land has established an Innovation Advisory Council of five leading academics and executives who will advise it on the development of 1.9m sq ft of lab and innovation space.
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Harcus Parker vows to continue legal fight against Home REIT
Law firm Harcus Parker has vowed to continue with its legal action against Home REIT, despite the social housing provider blaming its woes on a former adviser.
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Home REIT blames investment adviser for woes following internal investigaton
The board of under-fire social housing group Home REIT has claimed investment adviser Alvarium did not inform it of problems with its portfolio, following an internal probe into alleged wrongdoings.