Latest Finance News
Uncertainty scuppers big investment deals
High-profile deals worth more than £250m collapse in bumpy start to 2021
Urban Logistics buys in Merseyside and reveal 99% rent collection figure
Urban Logistics has paid £16.3m for a logistics scheme on Merseyside in an off-market deal.
Hammerson finance chief quits
Hammerson’s chief financial officer James Lenton is to step down from the retail property group.
SEGRO continues strong rent collection
Industrial property giant SEGRO continued its strong record of rent collection for the full year to 31 December and the first quarter of this year.
Kent’s ‘answer to Disneyland’ plans new fundraising round
London Resort Company seeks further funding as theme park’s debts and development costs continue to rise
Savills says 2020 performance at “upper end” of expectations
Savills’ 2020 financial performance will be “at the upper end” of its board’s expectations despite the unprecedented disruption of Covid-19, according to the agency.
CBRE Global Investors Credit Strategies completes £111.3m of deals in Q4
CBRE Global Investors Credit Strategies completed £111.3m worth of transactions in Q4 and has announced two new hires in the loan operations team.
Legal & General ups fund investment portfolio to £1.8bn
Legal & General, on behalf of its Limited Price Inflation Fund (LPI), has expanded its investment portfolio to £1.8bn following a slew of deals.
London office market sees almost £5bn of transactions in Q4
The London office market saw almost £5bn of transactions in the last quarter of 2020, as the mass vaccination programme in the UK, the EU trade deal and higher yields on London’s property encouraged investors to close deals in the city.
CLS Holdings collects 90% of rent due for the December quarter
CLS Holdings has collected 90% of rent due for the December quarter, rising to 93% when taking into account tenants who have switched to monthly rents.
Helical collects 81.8% of December rent due
Helical has collected 81.8% of December rent due, with a further 10.6% to be collected by the March quarter day under payment plans.
LondonMetric collects 98% of December rent
LondonMetric has collected 98% of December quarterly rent of the £22.8m due.
Great Portland Estates collects 77% of December rent
Great Portland Estates has collected 77% of rent due in December and signed £2.4m of new annual rent in the last quarter.
Rates reform vital to save retail
The new Covid-19 variant makes things worse for retail when we hoped they might be better. The best hope for non-essential retail is a combination of furlough, meaningful grant levels and 100% business rates relief through to the end of the pandemic.
Stock Market
Hammerson seeks second listing on Irish Stock Exchange
Hammerson is seeking a second listing on the Irish stock exchange.
Property Funds
Property funds saw £1.1bn in withdrawals in 2020
Open-ended property funds saw £1.1bn of withdrawals in 2020, according to global funds network Calastone.
Duo launch new resi lending platform backed by Oaktree
Silbury Finance founders aim to plug gap in senior development finance provision in residential markets
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.
