Latest Finance News
Change in accounting rules makes owner-occupation more attractive to some corporate occupiers
U+I has revealed that its development and trading gains for the financial year to date have reached about £30m following the sale of the residential sites at Preston Barracks in Brighton but that the company has been hit by delays at its Kensington Church Street scheme.
Capital Economics has reversed its forecast for office yields in the eurozone as a result of a slowdown in economic growth in the bloc.
UK Commercial Property REIT has refinanced its debt with facilities from Barings Real Estate and Barclays.
Mayfair Capital has raised additional equity for its residential debt fund and undertaken its first loan outside London to support Ktesius’s redevelopment of the Astoria Cinema in Brighton.
Intu shares have fallen 10% in early trading after the shopping centre landlord suspended its dividend and reported a 13.3% fall in capital values in full-year results.
Newcore Capital has submitted plans for a non-profit regeneration scheme in the Oxford area of Blackbird Leys.
The UK’s competition watchdog has said Sainsbury’s and Asda may have to offload a ‘significant number of stores’ if the proposed merger is to be approved.
Telford Homes has sold its Equipment Works build-to-rent development to a joint venture between Henderson Park and Greystar for £105.5m.
Standard Life Aberdeen has expanded into the Asian real estate market with the acquisition of Hong Kong-based Orion Partners.
The SCR Jessica Fund has completed its first cycle of investment and is reinvesting £25.5m into the Sheffield City region.
Despite Brexit stealing the limelight, housing remains a top government priority. In fact, there is rare cross-Whitehall agreement that the UK’s housing market is broken and innovation is urgently needed in the supply chain.
Intu was among the worst performers on the FTSE All Share on Wednesday as its share price fell 7.79% to 108.95p after it suspended its dividend and revealed a 13.3% drop in capital values in its full year results.
Despite the changing political landscape, 2018 was a strong year for many parts of the property industry, but what will the other side of 29 March look like? Freeths gathered a panel of experts to discuss what is in store.