Latest Finance News
WeWork’s board has approved investor SoftBank’s multi-billion dollar rescue deal, which will see the telecoms giant assume control of around 80% of the struggling business.
Despite concerns about asset valuations and weakening economic growth, the appetite for investment in commercial real estate among global institutions has reached its highest point in seven years, according to new research.
Residential property tycoon Nick Candy has confirmed he has joined forces with Saudi Aradia’s Public Investment Fund to launch a bid for Earls Court and Covent Garden owner Capital & Counties (Capco).
SoftBank is in advanced talks to take a majority stake in troubled flexible office group WeWork, in a deal that values the group at just $8bn (£6.1bn).
Legal & General Affordable Homes is to pump £750m into new affordable housing projects across the UK, increasing its development pipeline to nearly 3,500 homes, across 41 schemes.
Knight Frank has reported a dip in both turnover and profits in annual results.
Challenger bank OakNorth has provided housebuilder Marden Homes with £17.8m for a new residential development in Chelmsford.
Shiva Hotels has delayed the £150m initial public offering of its subsidiary Hotel Income REIT because of Brexit uncertainty.
Regional REIT has paid £27.7m for a portfolio of four office assets.
South Africa’s Growthpoint Properties has agreed a deal to acquire a majority stake in Capital & Regional through a combination of a partial offer and a subscription of new shares.
Anonymous comments provided by lenders for the Cass real estate lending report reveal how nervous they are about the outlook for retail property and WeWork’s ‘distorting’ impact on the office market.
Political and economic uncertainty is driving investors to reconsider their investment portfolios and driving them towards alternatives more than ever.