Latest Finance News
Malaysian groups splash out £1.6bn to buy Battersea Power Station building
Two Malaysian investors have paid £1.6bn to buy the iconic Battersea Power Station building, which sits within phase two of the wider 42-acre scheme in south west London.
Starwood joins Urbeo to create €1bn Irish BTR platform
Starwood Capital Group has backed a new €1bn (£900m) new build-to-rent (BTR) residential platform in Ireland with Urbeo Residential and the Ireland Strategic Investment Fund (ISIF).
Kames wins £22m mandate for 'commercial property tracker fund'
Kames Capital has won a £22m mandate from Nottinghamshire County Council Pension Fund to invest in its Kames Active Beta Property Fund.
Circle produces robust half-year figures, but claims Brexit has affected lettings market
Circle Property has reported rises in net asset value (NAV) and profit in its half-year figures.
Tritax Eurobox increases credit facility by €100m
Tritax Europe has increased its borrowing by €100m taking its total credit facility to €300m.
Two new MDs appointed as Springfield reports profit growth
Scottish housebuilder Springfield Properties has announced the appointment of two new managing directors in its private housing division alongside a trading update showing revenue and profit growth for H1.
Investec backs Cardiff PBSA with £19m loan
Investec Structured Property Finance has backed Crosslane Property and Harrison Street Real Estate’s development of a 391-bed purpose-built student accommodation scheme in Cardiff with a £19.4m senior loan.
Landsec spends '£2-3m' on hard Brexit preparations
Rob Noel, chief executive of Landsec, has revealed that the UK’s largest listed property company has spent “two to three million pounds” on preparations for a hard Brexit.
Royale loan is biggest yet for ICG-Longbow
Non-bank lender provides £200m whole loan to park homes operator Royale.
Westmount veteran King joins Mayfair Capital to lead thematic growth fund
Swiss Life-owned UK investment manager Mayfair Capital has appointed Westmount co-founder Giles King as fund manager for its UK Thematic Growth Fund.
Purplebricks posts strong UK performance but losses double
Online estate agent Purplebricks Group has more than doubled its losses to £25.6m in the six months to October, despite growing its profits significantly in the UK.
Oaknorth and ASK provide £50m loan for London development site
Miller made L&G Capital managing director of investing
Catella completes purchase of APAM stake
Medici and Corestate launch world’s largest co-living investment vehicle
Superdry and Dixons Carphone shares slump amid store closures
Motion to wind up Local Shopping REIT blocked by activist investor
New fund director and FD among appointments for PfP Capital
PMM Group Real Estate refinances Gara Rock Hotel
Top BNP Paribas Real Estate agents made redundant
The industry’s darkest – and finest – hours of 2018
So here we are, at the end of 2018, bloody but still unbowed…
Stock Market
Housebuilders shares rise as FTSE withstands political turmoil
Berkeley Group was the top preforming company on the FTSE 100 on Wednesday with its shares rising 5.71% to 3,500p.
Property Funds
Kames wins £22m mandate for 'commercial property tracker fund'
Kames Capital has won a £22m mandate from Nottinghamshire County Council Pension Fund to invest in its Kames Active Beta Property Fund.
Tritax Eurobox increases credit facility by €100m
Tritax Europe has increased its borrowing by €100m taking its total credit facility to €300m.
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.
