Finance

All the latest property financial news covering trading updates, lenders, funds, REITS, M&A and private investors

Latest Finance News

WeWork London

WeWork accepts SoftBank rescue deal

2019-10-23T08:49:00+01:00By

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.

Offshore investment

Global real estate investment at record high, but institutions remain under exposed

2019-10-23T07:56:00+01:00By

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.

Earls Court Seagrave Block

Candy eyes bid for Capco

2019-10-21T07:47:00+01:00By

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

WeWork valued at just £6.1bn as Softbank moves to take control

2019-10-21T20:56:00+01:00By

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).

Investment

Wise Living secures £33m BTR boost

2019-10-21T15:41:00+01:00By

The SDL Group’s build-to-rent (BTR) arm Wise Living has secured a further £33m of funding from investors ICG-Longbow.

L&G Affordable Homes

L&G appoints Capco director as it prepares for £750m affordable homes push

2019-10-21T08:06:00+01:00By

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.

A Elliott & S Clifton - Knight Frank

Knight Frank reports dip in turnover and profits

2019-10-21T01:01:00+01:00By

Knight Frank has reported a dip in both turnover and profits in annual results.

Essex

OakNorth lends Marden Homes £17.8m for Essex development

2019-10-21T13:30:00+01:00By

Challenger bank OakNorth has provided housebuilder Marden Homes with £17.8m for a new residential development in Chelmsford.

Brexit

Brexit uncertainty leads Shiva to delay Hotel Income REIT flotation

2019-10-18T00:00:00+01:00By

Shiva Hotels has delayed the £150m initial public offering of its subsidiary Hotel Income REIT because of Brexit uncertainty.

Generic office

Regional REIT buys UK office portfolio

2019-10-18T06:21:00+01:00By

Regional REIT has paid £27.7m for a portfolio of four office assets.

Shopping centre

Growthpoint agrees deal for Capital & Regional

2019-10-17T08:07:00+01:00By

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.

Generic finance graph fall

Lenders reveal extent of fears about retail property and WeWork

2019-10-17T00:00:00+01:00By

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.

All finance news

Investment

Investors flock to alternatives

2019-10-11T00:00:00+01:00By Manish Chande

Political and economic uncertainty is driving investors to reconsider their investment portfolios and driving them towards alternatives more than ever.

More finance news

Property Funds

Investment

Wise Living secures £33m BTR boost

2019-10-21T15:41:00+01:00By

The SDL Group’s build-to-rent (BTR) arm Wise Living has secured a further £33m of funding from investors ICG-Longbow.

More property fund management news

Investment

Commercial lending rises despite global uncertainty

2019-10-16T07:24:00+01:00

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

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