Latest Finance News
NewFrontier amends HSBC loan terms as values tumble
Shopping centre owner slumps to £44m negative net worth after values fall by £68m in year to end of August.
Outflows spike after M&G gates retail fund
In the three days since the M&G fund suspension, £135m was pulled from property funds.
Purplebricks halves losses in first half as Axel Springer continues to ponder takeover bid
Online estate agent Purplebricks slashed first half losses after a tumultuous period that witnessed the ousting of its founder Michael Bruce and its exit from the Australian and US markets.
Custodian hit by retail woes
Net asset value (NAV) and profit at Custodian REIT slipped in the first half of the year as it was hit by turmoil in the retail market and continued political uncertainty.
PWLB rate rise risk to regeneration
Over the last few weeks, we’ve heard a lot of bluster about housing targets and new homes revolutions, but simmering in the background is a policy change that threatens to derail the very regeneration and housing projects the politicians are trying to kickstart.
Blackstone buys US industrial portfolio for $5.7bn
Colony Capital completed the sale of its Light Industrial logistics assets and its affiliated industrial operating platform to an affiliate of Blackstone for $5.7 billion (£4.3bn).
Green building coalition launches to unlock funding for low-carbon buildings
The Green Finance Institute has formed a new steering committee that aims to create a market for financing net-zero carbon and climate-resilient buildings in the UK.
Scannell appoints new director
Scannell Properties has appointed Geoffrey Pizzanelli as its capital deployment director for Europe and the UK.
New World Capital Advisors acquires stake in Valesco
New World Capital Advisors has acquired a minority stake in the real estate investment and asset manager Valesco.
Atrium shifts retail focus to enter PRS market in Central Europe
Atrium European Real Estate has completed a strategic review that will see it enter the PRS market alongside its retail focus in Central Europe.
M7 REIP acquires three UK retail warehouses
M7, the pan-European investor and asset manager, has acquired three UK retail warehouses for £18.4m.
OnTheMarket converts 3,000 more paid contract agents
OnTheMarket has signed up more than 3,000 more agent offices under new paying contracts to list all their residential properties on the sales portal.
DFI hires development director as focus turns to Olympia
Circle produces solid half-year results
NAV flat at Schroder European REIT
Conservatives receive £2.5m from the property industry
Berkeley Group profit drops 31% in H1
Fears of more fund suspensions rise as investor redemptions from Standard Life Aberdeen fund rocket
OakNorth Bank expands debt finance team and opens new office in Birmingham
Patrizia buys €1.2bn European logistics portfolio
PWLB rate rise risk to regeneration
Over the last few weeks, we’ve heard a lot of bluster about housing targets and new homes revolutions, but simmering in the background is a policy change that threatens to derail the very regeneration and housing projects the politicians are trying to kickstart.
Property Funds
Outflows spike after M&G gates retail fund
In the three days since the M&G fund suspension, £135m was pulled from property funds.
Aviva backs EPIC with £83m loan
Aviva Investors has completed a £83.15m deal to refinance a portfolio of logistics properties owned by EPIC.
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.
