Latest Finance News
WeWork accepts SoftBank rescue deal
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.
Global real estate investment at record high, but institutions remain under exposed
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.
Candy eyes bid for Capco
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).
WeWork valued at just £6.1bn as Softbank moves to take control
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).
Wise Living secures £33m BTR boost
The SDL Group’s build-to-rent (BTR) arm Wise Living has secured a further £33m of funding from investors ICG-Longbow.
L&G appoints Capco director as it prepares for £750m affordable homes push
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 reports dip in turnover and profits
Knight Frank has reported a dip in both turnover and profits in annual results.
OakNorth lends Marden Homes £17.8m for Essex development
Challenger bank OakNorth has provided housebuilder Marden Homes with £17.8m for a new residential development in Chelmsford.
Brexit uncertainty leads Shiva to delay Hotel Income REIT flotation
Shiva Hotels has delayed the £150m initial public offering of its subsidiary Hotel Income REIT because of Brexit uncertainty.
Regional REIT buys UK office portfolio
Regional REIT has paid £27.7m for a portfolio of four office assets.
Growthpoint agrees deal for Capital & Regional
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.
Lenders reveal extent of fears about retail property and WeWork
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.
Brunswick Real Estate Ventures launches Europi Property Group
Commercial lending rises despite global uncertainty
Goldman writes down value of WeWork stake
Segro updates on first nine months of year
Calastone appoints Kramer as vice chairman to lead US expansion
Pidgley sells £42m stake in Berkeley
British Land and Patrizia invest in WiredScore
Maslow funds resi skyscrapers in Manchester
Investors flock to alternatives
Political and economic uncertainty is driving investors to reconsider their investment portfolios and driving them towards alternatives more than ever.
Property Funds
Wise Living secures £33m BTR boost
The SDL Group’s build-to-rent (BTR) arm Wise Living has secured a further £33m of funding from investors ICG-Longbow.
Commercial lending rises despite global uncertainty
Lending in the commercial property market grew in the first six months of 2019, despite the lack of property transactions and political risks.
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.
