Latest Finance News
Sirius refinances €170m of debt with German bank
Sirius Real Estate has completed the early refinancing of €170m (£149m) of lending with Berlin Hyp AG a year in advance of the facility’s due date.
August West End rents highest in six years, says Savills
Office leasing in London’s West End in August reached 385,463 sq ft – the highest August level in six years and the highest monthly volume of space excluding December over that period, said real estate adviser Savills.
Apache Capital and partners refinance Liverpool BTR scheme
A joint venture between real estate investment manager Apache Capital, investment manager Harrison Street and insurer NFU Mutual has refinanced The Lexington BTR scheme in Liverpool with a £70m loan from Deutsche Bank.
Vacant Bloomsbury office building set to feature in Barnard Marcus sale
A vacant former office building in central London with redevelopment potential will be the star lot at Barnard Marcus’s 19 October sale.
Scottish logistics site stars at Acuitus’s September auction
Royal Mail distribution centre sold for over £1m, helping the auction house raise total of £18.9m on the day
Uncertain economy forces Assura to take ‘cautious approach’
Healthcare property group Assura has told investors it will take a “cautious approach to capital investment” due to the current economic uncertainty.
New lending firm Birchwood hires GC and managing director
Birchwood Real Estate Capital, a new real estate lending business, has hired former Get Living general counsel Emma Parr as managing director and general counsel, Property Week can reveal.
MARK secures €250m for new urban logistics portfolio
Real estate investment manager MARK has secured €250m (£218m) in funding to create a new urban logistics portfolio.
LondonMetric remains confident despite economic turbulence
LondonMetric has told shareholders that it is confident despite “turbulent” economic conditions.
GPE sells City block for £190m
Great Portland Estates (GPE) has exchanged contracts on the sale of the freehold of 50 Finsbury Square in the City of London for £190m to a subsidiary of German family office Wirtgen Invest Holding.
Barwood Capital growth fund hits £41m and acquires first asset
Investor and developer Barwood Capital has raised more than £41m in three months for its latest growth fund, Barwood Regional Property Growth Fund V.
Retirement group Audley secures £59m loan from Silbury
Silbury Finance has provided retirement home developer Audley Group with a £59m investment loan, secured against four retirement villages located across Greater London and the Midlands.
Watkin Jones profit to be below forecasts despite strong second half performance
Watkin Jones has told investors that it delivered “a strong operational performance” in the second half of the year in an end of year trading update, but deal delays led to a warning that profit would be below market expectations.
Claire Barber latest to leave Cadogan as former employees allege ‘toxic culture’
Claire Barber has quit her role as head of asset management at Cadogan following a string of departures from the firm in recent months, Property Week can reveal.
DeVere pulls all UK property investment amid economic turmoil
One of the world’s largest independent financial advisory organisations is to pull all UK property investment projects amid heightening economic upheaval, it has announced.
Former Sainsbury boss Justin King joins Dexters as chairman
London estate agency Dexters has appointed former Sainsbury boss Justin King as chairman.
Debbie Lee promoted to CFO at Grosvenor’s UK business
Debbie Lee has been appointed as chief financial officer (CFO) at Grosvenor’s UK property (GPUK) business following the departure Roger Blundell after 15 years with the company.
Sirius refinances €170m of debt with German bank
Sirius Real Estate has completed the early refinancing of €170m (£149m) of lending with Berlin Hyp AG a year in advance of the facility’s due date.
Retirement group Audley secures £59m loan from Silbury
Silbury Finance has provided retirement home developer Audley Group with a £59m investment loan, secured against four retirement villages located across Greater London and the Midlands.
HSBC mulls move out of Canary Wharf global HQ
Banking giant HSBC has begun a review of its global headquarters location in Canary Wharf, Reuters has reported.
JLL revenues jump 23% in Q4 2021
JLL has reported revenues of $5.9bn (£4.4bn) for the three months to the end of December 2021, up 23% on the previous quarter
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.
Property Funds
abrdn posts NAV rise for European logistics fund
European industrial fund abrdn European Logistics Income has posted a 1.4% rise in net asset value (NAV) for the six months to the end of June.
