Latest Finance News
True owners of 52,000 properties still unknown as overseas firms shirk transparency laws
The true owners of around 52,000 properties in the UK are still shrouded in mystery after thousands of offshore companies failed to comply with new transparency laws.
Retailer M&Co to close all 170 stores
Troubled clothing retailer M&Co will close all its 170 stores by April after administrator Teneo Financial Advisory failed to find a buyer for its physical assets.
House market rallies as prices stabilise in January
The house market seems to be rallying in response to the pressures of wider economic uncertainty, according to experts responding to the Halifax House Price Index, which revealed a period of stability in January.
M7 Capital supports office asset acquisition with £12.5m loan
M7 Capital has provided, on behalf of its UK debt fund TREC II, a circa £12.5m loan to VCM Global Asset Management to support the acquisition of Orchard Brae House in Edinburgh.
New hope for UK gigafactory as Britishvolt set to be bought by Australian firm
An Australian firm has been named as the preferred bidder for car battery start-up Britishvolt, potentially rescuing its plans for a £3.8bn UK ‘gigafactory’ after it went into administration last month.
HUB and Bridges agree £108m deal to forward fund 500-home Leeds scheme
Developer HUB and impact investor Bridges Fund Management have signed a £108m forward-funding deal with Realstar to deliver 488 build-to-rent (BTR) homes in Leeds, renewing a partnership between the firms.
Innovation-led assets drive 68% leap in profit at Bruntwood
Bruntwood has reported its second best ever profit, at £75.2m, and a 10.7% jump in net asset value (NAV) for the year to the end of September.
Lack of assets and selective buyers ‘cushion’ pricing of London core offices
A lack of best-in-class assets and increasingly selective buyers are likely to cushion the pricing of London core offices from downward pressures, according to Savills.
Caisson and iO agree merger
Caisson Investment Management and iO Asset Management have agreed to merge, combining around £1bn of light industrial and logistics assets under management across the UK and Europe.
Palace Capital embarks on second shareback in a less than a year
Palace Capital is set to launch another share buyback programme, following its repurchase of 2.3m shares in July 2022.
JD Sports to open 1,750 new stores in £3bn growth plans
UK-based JD Sports is to spend around £3bn opening up to 1,750 new stores over the next five years, the firm’s new chief executive Régis Schultz has announced.
Bond Wolfe annual sales breach £200m mark
Property auctioneer and agent Bond Wolfe delivered record annual revenue of £210m in 2022, up a fifth from the previous year.
Mason-owned care homes to get upgrade following £20m bond launch
Special purpose vehicle RCB Bonds has launched a retail bond to raise £20m for the upgrade of care homes owned by the Royal Masonic Benevolent Institution Care Company (RMBI Care Co).
Prime rental growth accelerates across Europe
Prime rental growth across Europe has accelerated as demand for the best-in-class space holds firm, according to Cushman & Wakefield’s latest DNA of Real Estate research report.
NAV dips at Schroder Real Estate Investment Trust
Actively managed UK-focused REIT Schroder Real Estate Investment Trust (SREIT) has reported a fall in net asset value (NAV) for the fourth quarter of 2022.
Rental voids up despite tenant salaries rising higher than rents
January saw a notable increase in void periods across England, despite ongoing demand for rental properties keeping prices buoyant, according to the latest Rental Index from Goodlord.
Property green shoots put ‘in danger by BoE’s unnecessary rate rise’ to 4%
The Bank of England’s decision to raise the interest rate by half a percentage point to 4%, taking it to the highest level in 14 years, presents “a real risk to growth”, according to one industry expert.
Pluto Finance appoints new head of lending
Pluto Finance has appointed NatWest’s former head of real estate lending Phil Hooper to the firm.
LEOS launches £200m SME developer fund
LEOS International has launched the £200m Vision Fund to offer funding to SME developers, builders and landowners across the UK.
Silbury passes £500m lending milestone
Silbury Finance has passed half a billion of committed lending in the UK Living sector in under two years.
Housing prices starting to dip
Statistics released this week have shown signs that house prices are starting to dip, according to industry experts.
PW Share Index
Review the latest share prices of the FTSE-listed property investment companies using data provided by the European Public Real Estate Association.
Property Funds
Janus Henderson launches global property fund for UK investors
Janus Henderson has launched the Janus Henderson Global Property Equities Fund, offering UK-based investors a liquid vehicle to access the global property sector.
