Latest Finance News
Loungers extends credit facilities ahead of café re-openings
Bar and café owner Loungers has waived covenants and extended its revolving credit facilities with two of its banks by 12 months in anticipation of food and beverage businesses re-opening on next week.
Soho House plots £2.12bn float with US filing
Private members club Soho House has submitted a confidential filing for an initial public offering (IPO) in New York, according to Sky News.
McCarthy Stone receives £200m in forward funding deal
McCarthy Stone has received £200m in forwarding funding from a new joint venture to develop 650 retirement homes.
Macquarie loans Aerium £106m for Herbal House refinancing
Macquarie Capital Principal Finance has loaned Aerium Finance £106m to refinance Herbal House in Farringdon.
Frasers anticipates £200m hit on property values
Frasers Group has warned it could take a hit “in excess of” £200m on its properties due to covid restrictions, double its estimate in February.
Investment volumes across Europe plummeted 27% in 2020
European real estate investment volumes nosedived 27% last year as Covid took its toll – with Brexit relegating London to second place behind Paris at city level.
BentallGreenOak snaps up Metropolitan REEM
BentallGreenOak acquires firm to create platform with $55bn of managed assets.
Shock as Scottish first home fund runs out of steam
Housing leaders have expressed disappointment after the Scottish government’s £60m scheme to help first-time buyers has closed applications just five days after reopening.
Everyman Cinemas swings into the red
Everyman Cinemas swung to a £19.2m loss during 2020 after being “severely impacted by the pandemic and the resulting restrictions”.
AXA IM Alts raises £690m for fifth-generation development strategy
AXA IM Alts has secured €799m (£690m) in commitments at the first closing of its fifth-generation development strategy.
Auction House London records best Q1 results in its history
Auction House London recorded the best first-quarter results in the auction house’s 14-year history in the first three months of 2021, according to the firm.
SEGRO collects 89% of second quarter rent
SEGRO has collected 89% of the £52m rent due for the second quarter of the year.
How low can yields go in the booming industrial market?
Record take-up and investment fuel concerns that boom times cannot last as yields harden to record lows
Time to promote sharing values
As the country begins to emerge from the latest lockdown and the awe-inspiring efforts to roll out the vaccine continue, I feel a sense of optimism returning. For me, that hopefulness has ignited a renewed commitment to tackling one of the biggest challenges society faces: the housing crisis.
Stock Market
Property stocks bounce back 9.3% in first quarter of 2021
U+I leads with a 50% leap in share price as vaccine rollout and recovery hopes boost stocks across property
Property Funds
Cerberus Capital Management raises £2bn for new real estate fund
Cerberus Capital Management has raised around $2.8bn (£2bn) for a new real estate fund, exceeding its original target of $2bn.
Santander appoints Colliers to manage property disposal programme
Santander has appointed Colliers to oversee its property disposal programme, following the bank’s announcement that it plans to close 111 of its branches across the UK.
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.
