Finance

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Latest Finance News

PNC Menon

Omani billionaire eyes London listing for luxury resi group

2019-03-26T08:15:00+00:00By

Omani billionaire PNC Menon has revealed plans to list his multi-national real estate company on the London Stock Exchange.

Peter Truscott

Crest Nicholson poaches Galliford Try CEO

2019-03-26T08:38:00+00:00By

Troubled housebuilder Crest Nicholson has poached Galliford Try boss Peter Truscott as its new chief executive, replacing Patrick Bergin in September.

Hansteen Ian Watson and Morgan Jones

Hansteen founders set to cash in on multi-million pound share awards

2019-03-25T10:30:00+00:00By

Hansteen’s founders Morgan Jones and Ian Watson are set to cash in around £7m of shares after receiving another chunk of stock worth around £22m between them at the end of 2018.

Debenhams Edinburgh

Sports Direct considers cash offer for Debenhams

2019-03-25T20:42:00+00:00By

Sports Direct is considering a cash offer to buy Debenhams in the latest attempt by the sports retailer to gain control of the ailing department store.

L&F

F&C warns of market volatility as rental income remains flat

2019-03-25T14:00:00+00:00By

F&C Real Estate Investments has warned of “a period of market volatility and heightened levels of risk aversion from both occupiers and investors” ahead as it said it had experienced six months of challenging conditions.

Andrew Jones

LondonMetric sells two Yorkshire warehouses for £67m

2019-03-25T08:00:00+00:00By

LondonMetric has sold two logistics warehouses, in Sheffield and Wakefield, for £67m to Exeter Property Group.

debenhams swansea

Debenhams looks to raise £200m

2019-03-22T16:45:00+00:00By

Debenhams’ share price plummeted 61% after it announced it is looking to raise £200m from its existing investors.

Tesco supermarket

Supermarket income REIT raises £45m from share issuance

2019-03-22T13:35:00+00:00By

Supermarket Income REIT has raised £45m from its share issuance, surpassing its target of £40m.

Magasin_du_Nord_-_Copenhagen_-_DSC08437

Sports Direct offers to buy Debenhams' Danish business

2019-03-22T10:37:00+00:00By

Sports Direct has offered to acquire Debenhams’ Danish business for £100m and place Mike Ashley at the helm of the struggling department store.

L&G Affordable Homes

Brentwood council selects Morgan Sindall as partner on £1bn development plan

2019-03-22T07:52:00+00:00By

Morgan Sindall’s investment arm has been selected as Brentwood council’s preferred partner to fund the borough’s plans to build new homes and other schemes for the next 30 years.

Henry Boot Developments Imperial Tobacco Nottingham

NAV rises, but annual revenue falls at Henry Boot

2019-03-22T07:34:00+00:00By

Henry Boot has posted as 12% rise in net asset value (NAV) during 2018, but believes Brexit will lead to a “challenging year”.

Debenhams

Sports Direct calls for Debenhams vote on Ashley

2019-03-21T13:36:00+00:00By

Sports Direct has called for a vote on appointing Mike Ashley to the board of Debenhams via a general meeting.

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Shops

The hanging Sword of Damocles

2019-03-22T00:00:00+00:00By Nick Leslau

Like peeling back the skin of an onion, each layer of the property investment market reveals something different about the state of play and, unless you have prepared properly, you may well end up in tears.

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Stock Market

Shares

Hansteen shares rise on results

2019-03-25T20:38:00+00:00

Hansteen’s share price rose 3.5% on Monday to 96p after it revealed a fall in NAV caused by distributions to shareholders following disposals in its full-year results.

Property Funds

MSU_View01_Proposed

DWS Europe II purchases Dublin retail site

2019-03-21T13:26:00+00:00By

DWS has purchased a retail property at 7-9 Henry Street, Dublin on behalf of its Europe II fund, bringing the fund’s gross asset value to €500m (£433.5m).

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Fulham Town Hall

OakNorth reports triple digit income growth

2019-03-20T15:03:00+00:00

OakNorth has reported a 113% increase in operating income to £60.1m as its total facilities grow 160% to £2.2bn in 2018.

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