Latest Finance News
Pluto Finance announces new funding scheme for PRS landlords
Specialist lender Pluto Finance has launched a new lending product for professional landlords in the UK’s private rental sector.
More help is needed
Hooray! Hospitality will be reopening in July. The nation can rejoice.
Cineworld secures financial breathing space as it gears up to reopen sites
Cineworld has secured a waiver on loan covenant and agreed $110 (£89.7m) of extra liquidity through an increase in its revolving debt facility.
British Land still upbeat about offices despite widening loss
Retail assets slumped 26.1% in value but the CFO expects long-term demand for London offices to hold up.
IWG in £315m equity raise
IWG is aiming to raise £315m in a new non pre-emptive placing of ordinary shares.
British Land’s portfolio value tumbles by £1.2bn
British Land has reported a £1.2bn slump in the value of its property empire as the Covid-19 pandemic takes its toll on the group’s embattled retail portfolio.
Reditum Capital arranges £10m bridging loan for The High Street Group
Reditum Capital has arranged a £10m bridging facility with The High Street Group for the development of a prime residential project in the centre of Newcastle.
UK’s top hotel groups have 44% more debt than during credit crunch
The UK’s top 30 hotel groups have debt levels 44% higher than they had during the credit crunch, making it more challenging for the sector to weather the Covid-19 storm without help from the government, according to law firm Boodle Hatfield.
L&G hires new European head of real estate debt
LGIM Real Assets (L&G) has hired James Spencer-Jones as its new head of real estate debt, Europe.
TTB Partners buys stake in M7 Real Estate
Hong Kong-based investment firm TTB Partners has acquired a minority stake in M7 Real Estate
Secure Income REIT management increases its stake
Secure Income REIT’s management and board members have increased their holdings in the company by buying another £250,000 of stock.
How should financial year-end reporting factor in Covid-19?
As uncertainty as to when business as usual will resume continues, one significant challenge is financial year-end reporting. For most organisations, the impact of Covid-19 could be a major factor influencing valuations in financial statements submitted under financial reporting standards.
Stock Market
Stock market summary: 28 May
A mixed day for property stocks, with a near 7% share price leap for intu.
Property Funds
New M Capital £100m real estate fund launching in June
A new real estate fund targeting international luxury real estate developments will launch next month.
Pluto Finance announces new funding scheme for PRS landlords
Specialist lender Pluto Finance has launched a new lending product for professional landlords in the UK’s private rental sector.
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.
