Latest Finance News
Head of UK’s second-largest property company says ‘loophole in the law’ puts landlords at a disadvantage.
Chief executive says the London developer is considering selling long-dated assets over the next two years
Reditum Capital has provided a £14.3m mezzanine loan to help finance the redevelopment of the landmark Xerox campus in Uxbridge into a residential scheme that will offer Help to Buy flats.
Deutsche Bank has announced plans cut more than 7,000 jobs globally, with its UK offices and investment banking business in London likely to be heavily affected in terms of space requirements.
The shareholders of Westfield Corporation have approved the acquisition of the company by Unibail-Rodamco, clearing the final hurdle for the £18.5bn takeover deal.
Capital & Counties Properties (Capco) has announced plans for a potential demerger that would split its two core holdings at Covent Garden and Earls Court into two separately listed businesses.
NewRiver REIT has completed the acquisition of pub landlord Hawthorn Leisure for a final value of £106.8m and posted strong annual results including a 26% rise in IFRS profit after tax.
Tritax has announced plans to launch a new UK investment trust focused on investing in the continental European logistics market through an IPO on the London Stock Exchange.
Housing association A2Dominion has secured £60m debt financing from IFM Investors, a global provider of investment services to institutional investors.
Helical has posted a 1.1% fall in EPRA NAV as part of annual results to 31 March during a “transformational” year in which it completed the reduction of the number assets in its portfolio from 84 to 12.
The boss of GPE has said the group is expecting a softening in market rents and some secondary asset yields, and is not in the market to buy new assets as Brexit and uncertainty around the UK economy impacts the property market.
CapCo rose 2.16% on the FTSE 250 on Thursday to 302.10p, after the company announced plans for a potential demerger that would split its two core holdings at Covent Garden and Earls Court into two separately listed businesses.