All Finance articles
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Online
Close Brothers’ property CEO to retire
Frank Pennal is set to retire as chief executive of Close Brothers’ Property business after almost two decades at the helm.
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Online
NAV falls but earnings leap at Schroder European REIT
Schroder European Real Estate Investment Trust’s net asset value (NAV) fell 9% in the six months to the end of September, reflecting “the impact challenging economic and geo-political risks have had on asset valuations”, the company said.
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Online
NAV dips at Custodian
Custodian Property Income REIT’s net asset value (NAV) dipped 3.4% during the six months to the end of September.
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Online
Cluttons partners orchestrate management buyout
Cluttons partners have completed a buyout of the famous real estate brokerage supported by private equity firm Treun Capital.
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Insight
The business of banking: why choosing the right bank can make all the difference to your property business
According to the Competition and Markets Authority, 85% of SMEs bank with either Barclays, Lloyds, HSBC, NatWest and Santander.
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Online
Adlington Retirement Living secures £75m funding to spur growth
Adlington Retirement Living has secured a £75m development facility from NatWest and Homes England that will be used to accelerate the growth of the group’s investment pipeline across England, Property Week can reveal.
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Online
Shaftesbury secures £300m refinancing loan
Shaftesbury Capital has secured a £300m unsecured loan with an initial maturity of three years.
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Online
Tritax EuroBox reports NAV decrease
Net asset value (NAV) at Tritax EuroBox slumped 25% in the year to the end of September as yields moved out across the property sector.
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Online
NAV slumps at ReSI as the retirement living group swings to a loss
Residential Secure Income REIT (ReSI) has posted a 16.2% fall in net asset value (NAV) for the year to the end of September.
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Online
Valor completes £101m loan on London urban logistics assets
Valor Real Estate Partners has secured a five-year £101m loan from Canada Life Asset Management.
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Online
LXi director John Cartwright dies aged 70
John Cartwright, a non-executive director at LXI REIT, has died at the age of 70.
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Online
Life Science REIT lets Oxford Technology Park’s Building 6A
Life Science REIT has let Building 6A at Oxford Technology Park (OTP) to Oxford Ionics, an Oxford University spin-off firm and pioneer in quantum computing.
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Online
Cohort agrees £175m refinancing of UK’s most expensive home
Specialist lender Cohort Capital has refinanced a £175m London mansion, once described as the UK’s most expensive home, for a private Middle Eastern bank.
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Online
Saudi’s PIF buys 49% stake in Rocco Forte Hotels for £590m
Saudi Arabia’s sovereign wealth fund is set to buy a 49% stake in luxury hotel group Rocco Forte Hotels for around £590m, according to a report in the Financial Times.
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Online
Crystal Palace seeks £45m to kick off football stadium redevelopment
Premier League football club Crystal Palace is seeking to raise £45m to fund the redevelopment of its stadium in south east London, according to a report from Bloomberg.
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Online
UAE investor Aldar Properties in £230m deal to buy London Square
UAE-based real estate group Aldar Properties has completed the acquisition of UK residential developer London Square.
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News
Pair of island forts up for grabs in Allsop’s largest December auction
Two vacant Victorian island fortresses with potential for conversion into casinos are among 390 properties listed for sale for Allsop’s largest ever December residential auction, taking place online on 14 and 19 December.
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Online
St Modwen secures £525m lending deal
RBC Capital Markets has agreed a £525m five-year loan to help fund St Modwen’s development pipeline.
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Online
NTA falls at LXi REIT as group continues with disposal strategy to reduce debt
The value of net tangible assets (NTA) at LXi REIT fell 5.8% during the group’s half-year to the end of September.
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Online
LendInvest completes £410m securitisation of UK BTL loans
Lending group LendInvest has completed the group’s fifth and largest securitisation of £410m of its buy-to-let (BTL) mortgage loans in an oversubscribed residential mortgage backed security (RMBS).