All articles by David Parsley – Page 28
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LendInvest sells BTL portfolio for £243m
LendInvest has sold a portfolio of buy-to-let residential mortgages to Chetwood Financial for £243m.
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Sirius agrees early new lending deal
Sirius Real Estate has agreed an early refinancing of the company’s next major debt expiry with German lender Deutsche Pfandbriefbank.
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CapReg shows improvement but footfall remains below pre-Covid levels
Shopping centre group Capital & Regional saw footfall during the four months to the end of April rise 4.8% compared to 2022, but it remains below pre-pandemic levels.
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Workspace produces robust annual figures despite macroeconomic headwinds
Workspace Group has posted a 34% rise in rental income as the SME office space specialist avoided the sharp falls in valuations suffered by other property groups.
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GPE boss Courtauld boasts stronger annual performance than Landsec and British Land
Great Portland Estates chief executive Toby Courtauld has claimed a strong set of annual results after the group’s valuation losses were lower than at rivals Landsec and British Land.
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Empiric Student Property issues confident update ahead of next academic year
Empiric Student Property has revealed that it expects average rents to rise by more than 7% during the 2023/24 academic year.
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LondonMetric agrees £200m takeover of CT Property Trust
LondonMetric has agreed a deal to buy rival CT Property Trust (CTPT) for £198.6m.
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Downing closes £25m Peckham development loan
Investment manager Downing has completed a £25m development loan on a scheme in Peckham, London.
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Watkin Jones set for £500m-plus of deals as forward funding returns
Watkin Jones is set for more than £500m of forward funding deals after failing to secure any during the first half of its financial year, it can be revealed.
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Amro enters joint venture with Japan’s NTT to fund London co-living scheme
Amro Partners and NTT UD Europe have formed a joint venture partnership to fund development of The Rex co-living project opposite Kingston train station in west London.
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Inland Homes secures planning for Hounslow development
Inland Homes has gained planning consent for its mixed-use development comprising 1,525 homes and 30,000 sq ft of commercial space at Cavalry Barracks in West Hounslow, London.
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Godwin submits planning for mixed-use Wisbech scheme
Godwin Developments has submitted an outline planning application for a range of commercial uses for its 9.5-acre site in Wisbech, Cambridgeshire.
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Dominus hires projects director
Dominus has appointed Will Charlton as its new projects director to help grow the group’s UK pipeline.
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Ediston considers sale and merger options as NAV suffers sharp fall
Ediston Property Investment is considering a sale or merger of the business, after it posted a 15.3% fall in net asset value (NAV) for the six months to the end of March.
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Vistry expects profit boost at sales rate improves
Housebuilding giant Vistry has told investors its sales rate has continued to improve in the year to date as it pointed to a surge in full-year profit.
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Tritax Eurobox targets €150m sales to reduce LTV
Continental warehouse groupTritax Eurobox is targeting at least €150m (£130.4m) of disposals to reduce its loan-to-value (LTV) ratio, it can be exclusively revealed.
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British Land ‘open’ to disposing of its shopping centre portfolio
Chief finance officer says the group is focused on a surging retail park market ahead of ‘non-core’ centres.
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Savills hit by lowest transaction levels ‘for a decade’
Savills has revealed its global capital transaction volumes for the year to date are at the lowest levels in a decade.
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British Land posts £1bn annual loss as valuations slump 12%
British Land has posted a swing of almost £2bn from profit to loss as macroeconomic factors hit property values.
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SEGRO commits £2bn to net zero warehouse development in West Midlands
Industrial giant SEGRO has committed £2bn to a decade-long net zero warehouse development programme after becoming a strategic partner of the West Midlands Combined Authority (WMCA).