All Finance articles
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OnlinePRS REIT announces £50m additional development debt
PRS REIT has announced the approval of an additional £50m of development debt facilities with Barclays bank, taking its total to £450m.
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Online
GLP raises £1bn in first close of European logistics fund
Logistics facilities provider GLP has raised €1.1bn (£1bn) in the first close of its pan-European logistics fund, GLP Europe Income Partners II (GLP EIP II).
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Springfield hit by Covid-19 lockdown as annual dividend is halved
Springfield Properties has taken a £6m hit to full year profit following the delay of home sale completions during the Covid-19 lockdown.
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Landsec’s Deutsch takes finance role at Shaftesbury
Shaftesbury has appointed Alastair Deutsch as head of finance with responsibility for financial planning and analysis, strategic commercial insights, treasury, tax, investor relations and IT.
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St Modwen appoints Centrica executive as CEO
Sarwjit Sambhi has been appointed chief executive at St Modwen following the departure of Mark Allan to head up Landsec.
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Savills becomes latest valuer at IPSX
Savills has become the latest approved valuer to join the International Property Securities Exchange (IPSX).
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Regus engages in £800m rent battle with landlords
Regus has filed for insolvency meaning it would not pay lease guarantees worth almost £800m.
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Limestone Capital announces new hospitality real estate fund
Limestone Capital has launched a fund dedicated to capitalising on opportunities in the European real estate and hospitality sector.
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Puma Property Finance provides £24m loan for 105-home Kent development
Puma Property Finance has completed a £24m loan to finance the development of 105 residential units in Kent.
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Savills raises £40m at September auction
Savills’ latest online auction on 24 September raised £40m after selling 89 lots of a 126-lot catalogue of commercial and residential properties.
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Octopus Real Estate strengthens eastern team
Octopus Real Estate, part of Octopus Group and a UK specialist real estate lender and investor, has announced the promotion of Oliver Porter to external business development manager, to focus on the East of England.
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Circle Property posts 14.16% increase in rental income
Office investment and development company Circle Property saw a 14.16% increase in annual rental income in the year to 31 March.
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Landmark raises £45m for growth
National ground rent investor Landmark Investments has raised £45m in 50-year term debt, taking the company’s total debt raised in 2020 to more than £70m.
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Dominvs Group and Yorkshire Country Properties partnership develops West Yorkshire assets
Real estate development and investment firm Dominvs Group has entered into a partnership with Yorkshire Country Properties to invest in a new development.
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£3.3m Orpington retail parade star lot at Allsop commercial auction
The freehold of a retail and residential parade in Orpington, Kent was the star lot at Allsop’s first ever September commercial auction, selling for £3.3m against a guide price of between £3m and £3.25m.
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BidX1 achieves 90% success at September auction
BidX1 has sold 45 properties from its 50-lot catalogue at its 23 September online auction, reflecting a 90% success rate.
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Acuitus raises £24.4m in September commercial auction
Acuitus attracted a 95% success rate at its 24 September auction from the sale of 37 properties from a 39-lot catalogue, raising a total £24.4m.
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Online
UKCM’s portfolio drops 6.6% in value due to Covid-19
UK Commercial Property REIT (UKCM) saw the value of its portfolio drop 6.6% for the six months to 30 June due to the Covid-19 pandemic.
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Stock market summary: 23rd September
Housebuilding giant Persimmon saw its share price tick up more than 2%, while West End landlord Shaftesbury edged down 4%.
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Listed propcos collected just 67% of June quarter day rents
Retail and leisure struggled to bounce back from lockdown, but alternative property classes fared better.
