Latest Finance News
IWG boss warns of tough Q3 amid Covid-19 challenges
The boss of IWG has warned of a challenging third quarter as the global workspace giant battles economic uncertainty from Covid-19.
Manchester’s Mayfield secures £23m government investment
The UK government is to invest £23m in Mayfield, the mixed-use urban neighbourhood being created in Manchester and anchored by the city centre’s first new public park in 100 years.
FCA floats 180-day redemption notice period for open-ended property funds
The Financial Conduct Authority (FCA) is launching a fresh consultation on proposals to solve the mismatch in liquidity in open-ended property funds.
Purplebricks operating losses soar fivefold
Operating losses at online estate agency Purplebricks were more than five times as much for the most recent financial year as they were in the previous year.
Legal & General Investment Management launches secure income asset solutions
Legal & General Investment Management (LGIM) has launched a range of secure income asset solutions for investors seeking long term income.
Hammerson plans £500-600m rights issue
Hammerson is planning to tap investors for £500-600m in a rights issue.
Resonance raises £10m for Greater Manchester Supported Homes Fund
Social impact investment firm Resonance has raised over £10m in the first close of its Supported Homes Fund, which aims to place people with learning disabilities, autism and mental health problems in appropriate housing.
Lloyds and Barclays banks reviewing UK office space
Lloyds banking group and Barclays are reviewing their office space requirements in the UK as the banks move to a home working first approach.
Propcos expected to resume dividend payments this year
Analysts predict property companies will start paying dividends again in second half as confidence returns
Peabody Capital reports £97m turnover increase
London housing association Peabody Capital has reported a £97m increase in turnover in its 2020 annual report.
Ex-Brockton Capital execs launch Tokoro Capital with €100m in commitments
Two former Brockton Capital executives have launched a new real estate investment manager, which has just closed a fund with €100m (£90.4m) in capital commitments.
Hotel-owning councils set to lose £6m in Travelodge CVA
Twenty-two councils that own Travelodge hotels will now receive 38% less rent under terms of the CVA
Stock Market
Stock market summary: 4 August
Custodian REIT gains 11.3% in trading today.
Property Funds
FCA floats 180-day redemption notice period for open-ended property funds
The Financial Conduct Authority (FCA) is launching a fresh consultation on proposals to solve the mismatch in liquidity in open-ended property funds.
Rabobank puts HQ move on hold and extends lease
Rabobank has shelved plans for its 90,000 sq ft HQ at HB Reavis’s Bloom scheme and is arranging a short-term extension to the lease at its current site.
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.
