All articles by David Parsley – Page 8
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Valor secures £64m loan for east London logistics development
Valor Real Estate Partners has secured a £64m debt facility with BGO for the development of a last mile logistics estate in Beckton, east London.
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Moorfield agrees £15.6m loan from Investec for Lincoln student scheme
Investec Real Estate has provided Moorfield Group with a £15.6m loan to fund the development of a 293-bed purpose-built student accommodation (PBSA) campus in Lincoln.
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Springfield sees green shoots of recovery in housing sector
Scottish housebuilder Springfield Properties has told investors the first half of its financial year has been in line with expectations as demand for private housing “remained stable but subdued”.
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Silbury provides £66.5m loan for Surrey retirement development
Silbury Finance has provided a joint venture between Audley Group and Senior Living Investment Partners (SLIP) with a £66.5m loan to fund a retirement home scheme in Surrey.
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Top city lawyer joins Landsec board
Landsec has appointed Moni Mannings as an independent non-executive director and senior independent director designate.
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Vistry launches share buyback programme
Vistry Group has launched a share buyback programme to repurchase up to £55m of 50p shares.
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Close Brothers’ property CEO to retire
Frank Pennal is set to retire as chief executive of Close Brothers’ Property business after almost two decades at the helm.
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NAV falls but earnings leap at Schroder European REIT
Schroder European Real Estate Investment Trust’s net asset value (NAV) fell 9% in the six months to the end of September, reflecting “the impact challenging economic and geo-political risks have had on asset valuations”, the company said.
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NAV dips at Custodian
Custodian Property Income REIT’s net asset value (NAV) dipped 3.4% during the six months to the end of September.
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Adlington Retirement Living secures £75m funding to spur growth
Adlington Retirement Living has secured a £75m development facility from NatWest and Homes England that will be used to accelerate the growth of the group’s investment pipeline across England, Property Week can reveal.
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Shaftesbury secures £300m refinancing loan
Shaftesbury Capital has secured a £300m unsecured loan with an initial maturity of three years.
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Tritax EuroBox reports NAV decrease
Net asset value (NAV) at Tritax EuroBox slumped 25% in the year to the end of September as yields moved out across the property sector.
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NAV slumps at ReSI as the retirement living group swings to a loss
Residential Secure Income REIT (ReSI) has posted a 16.2% fall in net asset value (NAV) for the year to the end of September.
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Valor completes £101m loan on London urban logistics assets
Valor Real Estate Partners has secured a five-year £101m loan from Canada Life Asset Management.
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LXi director John Cartwright dies aged 70
John Cartwright, a non-executive director at LXI REIT, has died at the age of 70.
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Life Science REIT lets Oxford Technology Park’s Building 6A
Life Science REIT has let Building 6A at Oxford Technology Park (OTP) to Oxford Ionics, an Oxford University spin-off firm and pioneer in quantum computing.
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Cohort agrees £175m refinancing of UK’s most expensive home
Specialist lender Cohort Capital has refinanced a £175m London mansion, once described as the UK’s most expensive home, for a private Middle Eastern bank.
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Saudi’s PIF buys 49% stake in Rocco Forte Hotels for £590m
Saudi Arabia’s sovereign wealth fund is set to buy a 49% stake in luxury hotel group Rocco Forte Hotels for around £590m, according to a report in the Financial Times.
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Crystal Palace seeks £45m to kick off football stadium redevelopment
Premier League football club Crystal Palace is seeking to raise £45m to fund the redevelopment of its stadium in south east London, according to a report from Bloomberg.
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UAE investor Aldar Properties in £230m deal to buy London Square
UAE-based real estate group Aldar Properties has completed the acquisition of UK residential developer London Square.