All Finance articles – Page 10
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OnlineTarget Healthcare REIT announces new shares placement
Target Healthcare REIT is to make a placement of new ordinary shares as it gears up to make 10 new acquisitions before the end of the year.
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News
Shoe Zone shares down 35%
Shares of discount shoe retailer Shoe Zone crashed 35% last week after its chief executive Nick Davis suddenly left the company.
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Online
Pre-tax profit jumps 50% at GCP Student Living
Profit before tax jumped over 50% to £92m in the year to 30 June at student accommodation REIT GCP Student Living (2018: £61m), driven by rising occupancy levels across its portfolio and year-on‑year rental growth, among other things.
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Online
Secure Income REIT ‘confident’ after 23% rise in revenue
Secure Income REIT has said it continues to view the future with confidence and is well placed to take advantage of market uncertainty, after reporting a 23% increase in revenue to £69.04m in the first six months of 2019, from £56.1m in the first half of last year.
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Online
Patrizia appoints new head of investment strategy and research
Patrizia has appointed Mahdi Mokrane as its new head of investment strategy and research.
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Online
Dalata ‘positive’ after 12% rise in revenue
Dalata Hotel Group has said its outlook for the year “looks positive” despite Brexit uncertainty, after reporting a 12.2% increase in revenue during the six months to the end of June to €201.9m (£184.2m)
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Online
Pre-tax profit up 29% at Impact Healthcare REIT
Impact Healthcare REIT has reported a 29% increase in pre-tax profits for the six months to 30 June.
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Online
Atrium shareholder objects to Gazit Globe acquisition
Real estate fund manager ICAMAP has voiced an objection to the sale of Atrium European Real Estate to Israeli real estate business Gazit Globe.
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Online
Waheed Nazir to leave Birmingham City Council after 10 years
Birmingham City Council’s strategic director of economy Waheed Nazir is to step down in December, after a decade in the role.
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Online
KPMG forecasts house price nosedive in no-deal scenario
House prices could nosedive by up to 7.5% next year if the UK embarks on a no-deal Brexit, KPMG has warned.
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Online
LXi REIT splashes £55m on long-let schemes
Real estate investment trust LXi REIT has made five long-let, index-linked acquisitions totalling around £55m.
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Online
House price growth remains tepid for ninth consecutive month
House prices grew just 0.6% in August compared to the same month last year, according to the latest Nationwide house price index. The mortgage lender’s latest report suggested an average house price of £216,096 in the month, a slight fall from July’s figure of £217,663.
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News
Residently raises £7m in seed funding
UK proptech start-up Residently has raised £7m in seed investment to help fund its growth in London and New York.
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News
LAP close to retail refinancing in ‘extremely uncertain times’
Landlord looks to refinance debt secured against Orchard Square and Tanyard shopping centres in Yorkshire
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News
Aster Group sees profits rise to £55m
Housing association Aster Group has reported pre-tax profits of £55m for the 12 months to the end of March 2019, up from £50m the previous year.
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News
Maslow lends £52m for three housing schemes
Maslow Capital has issued three loans totalling £52m to fund the development of regional residential projects.
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News
London Square reports losses of £6.2m
Residential developer London Square has reported pre-tax losses of £6.2m for the 2018/19 financial year, a dramatic fall from the company’s profits of £8.6m the year before.
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Online
Activity starts to return to shopping centre investment market, says Savills
The shopping centre investment market is showing signs of life as lender pressure drives an increasing number of sales, according to Savills.
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Online
Supermarket Income REIT snaps up Sainsbury’s site and secures Dekabank loan
Supermarket real estate investor Supermarket Income REIT has acquired a 10-acre Sainsbury’s supermarket site in Preston, Lancashire, from Legal General for £54.4m.
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Online
Investec lends James Taylor £25m for Kingston redevelopment
Investec Structured Property Finance has provided a £25m term loan to residential developer James Taylor Homes to fund the redevelopment of the former Antoinette Hotel in Kingston upon Thames, south west London, into 89 residential units.
