Latest Finance News
Omani billionaire eyes London listing for luxury resi group
Omani billionaire PNC Menon has revealed plans to list his multi-national real estate company on the London Stock Exchange.
Crest Nicholson poaches Galliford Try CEO
Troubled housebuilder Crest Nicholson has poached Galliford Try boss Peter Truscott as its new chief executive, replacing Patrick Bergin in September.
Hansteen founders set to cash in on multi-million pound share awards
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.
Sports Direct considers cash offer for Debenhams
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.
F&C warns of market volatility as rental income remains flat
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.
LondonMetric sells two Yorkshire warehouses for £67m
LondonMetric has sold two logistics warehouses, in Sheffield and Wakefield, for £67m to Exeter Property Group.
Debenhams looks to raise £200m
Debenhams’ share price plummeted 61% after it announced it is looking to raise £200m from its existing investors.
Supermarket income REIT raises £45m from share issuance
Supermarket Income REIT has raised £45m from its share issuance, surpassing its target of £40m.
Sports Direct offers to buy Debenhams' Danish business
Sports Direct has offered to acquire Debenhams’ Danish business for £100m and place Mike Ashley at the helm of the struggling department store.
Brentwood council selects Morgan Sindall as partner on £1bn development plan
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.
NAV rises, but annual revenue falls at Henry Boot
Henry Boot has posted as 12% rise in net asset value (NAV) during 2018, but believes Brexit will lead to a “challenging year”.
Sports Direct calls for Debenhams vote on Ashley
Sports Direct has called for a vote on appointing Mike Ashley to the board of Debenhams via a general meeting.
Commercial property lenders scale back growth ambitions
Benson Elliot raises over €800m for latest European fund
Pay cuts for bosses of intu and Hammerson
ICG-Longbow hires Simon Gordon from Westpac
DWS Europe II purchases Dublin retail site
Alvarium continues acquisition spree with Iskander buy
Ex-Persimmon chief executive received £82m under incentive scheme
OakNorth reports triple digit income growth
The hanging Sword of Damocles
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.
Stock Market
Hansteen shares rise on results
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
DWS Europe II purchases Dublin retail site
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).
OakNorth reports triple digit income growth
OakNorth has reported a 113% increase in operating income to £60.1m as its total facilities grow 160% to £2.2bn in 2018.
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.
