Latest Finance News
Shaftesbury remains in Capco’s sights
Capital & Counties (Capco) has fuelled speculation of a takeover attempt of Shaftesbury by taking its shareholding in the group to more than 25% today.
AEW REIT pays interim dividend after collecting 88% of rent due
AEW REIT will pay an interim dividend of 2p per share, in line with the targeted annual dividend, as the firm collected 88% of rent due for the September quarter.
Schroder European REIT collects 88% of rent due
Schroder European REIT has collected 88% of the rent due for Q4 as the value of the REIT has increased by nearly 10%.
Alchemy rides to Countrywide’s rescue in deal that ousts current management
The troubled estate agency group Countrywide has been handed a £90m lifeline from private equity group Alchemy Partners in a deal that removes the company’s chairman and installs a new chief executive.
Puma lends £25m for care homes
Puma Property Finance has completed a £25m loan to fund the development of two purpose-built care homes.
Waypoint asset management kick starts £300m drive into healthcare real estate
Waypoint Asset Management has kick-started a £300 million investment programme within the healthcare property sector, with the acquisition of 27 properties around the country, including a single portfolio of 23 primary care buildings totalling £20 million.
Moorfield Group and Stor-Age form self-storage joint venture
Fund manager Moorfield Group has entered into a joint venture with South African self-storage REIT Stor-Age.
Triple Point Social Housing REIT raises £55m in share issue
Triple Point Social Housing REIT has raised £55m in a share issue.
Bellway resumes dividend despite plummeting profit
Housebuilder Bellway is to resume its dividend payments to investors despite a 64% fall in profit during the year to the end of July.
LXi continues portfolio shake-up
LXi REIT has made another £17m worth of asset sales and paid £15m for two foodstores as part of its ongoing portfolio management programme.
Enra completes £268m portfolio securitisation
Enra Specialist Finance has completed a securitisation of a £268m portfolio of residential mortgages.
L&G funds £200m Oxford science department
Legal & General (L&G) has agreed a £200m deal to fund the University of Oxford for a new home for the departments of Zoology, Plant Sciences and Experimental Psychology.
Landsec signals non-core sell-off and office development in the regions
Landsec boss Mark Allan told investors he is positioning the property giant for growth today at a virtual capital markets day as he outlines his strategy for asset sales and a potential mixed-use expansion into regional cities.
Time to restore trust in valuers
In July, the Financial Reporting Council (FRC) directed four big accountants to set apart their audit arms by 2024.
Stock Market
Weekly stock summary: 12 October
Hammerson loses nearly a fifth of its share price over the week.
Property Funds
Outflows hit £83m as property funds reopen
But many remained gated and September withdrawals still way below March peak
It’s make or break time for property debt
Covid-19 poses the biggest threat to debt markets since the 2008 crash. Property Week ask whether new lenders and private equity firms will plug the gap made by the major banks and seize emerging opportunities.
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.
