All Finance articles – Page 10
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OnlineBig Yellow posts 4.1% revenue increase in Q1
Big Yellow posted a 4.1% increase in revenue for the first quarter this year, up from 3.8% for the same period in 2019.
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News
Asset managers raised more than €200bn in 2019 to invest in property
Asset managers raised more than €200bn (£175bn) in 2019 to invest in real estate – up 24% on the amount raised in 2018.
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Online
Mall owner decides not to cure default
A shopping centre loan that defaulted for the second time in a year at the end of last month is set to move into special servicing after the owner decided not to cure the default.
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Online
Stock Market Summary: 15th April
All property stocks tracked by PW were in negative territory today.
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Online
U+I suspends dividend as bosses take 50% during virus outbreak
Developer U+I has become the latest property group to suspend its dividend in order to preserve cash during the Covid-19 pandemic.
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Online
Picton insists it is “well-positioned” to rise above health crisis
Picton Property Income collected 71% of quarter rent as the Covid-19 pandemic continues to impact the property sector.
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Online
OnTheMarket cuts management pay by 20% and agrees payment deferrals with HMRC
The board of OnTheMarket, the agent-owned property portal, is taking a 20% pay cut for three months as part of a series of measure to battle the impact of Covid-19 on the business.
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Online
Stock Market Summary: 14th April
Two thirds of property stocks went into the red today, as the FTSE 250 dropped by 2%.
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Online
City office investment hits £1.56bn in Q1
Total investment in offices in the City of London hit £1.56bn in the first quarter of the year, according to Colliers.
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Online
Circle Property reports 4.7% rise in NAV
Office investment and development company Circle Property has reported that its net asset value (NAV) jumped 4.7% to £2.90 per share in the last year.
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Online
Shaftesbury bosses take 20% pay cut and give savings to local charities to boost Covid-19 support
The board of West End of London landlord Shaftesbury has agreed waivers of 20% of both executive director base salaries and pension contributions and non-executive director fees in order to preserve cash during the Covid-19 outbreak.
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Online
Inland Homes agrees deal to develop 600-plus homes in Basildon
Inland Homes has entered into a development agreement with Homes England to develop more than 600 homes in Basildon, Essex.
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Online
Fletcher King delays decision on dividend despite being in “good position” during health crisis
Property agency Fletcher King has insisted it is “in a good position” to withstand the current Covid-19 outbreak despite admitting the health crisis will have a “severe and prolonged” impact on the economy.
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Online
Stock Market Summary: 9th April
Custodian REIT and Supermarket Income REIT both saw a drop in share price after announcements.
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Online
Digital issue: Covid-19 Support Hub special
This week, Property Week has produced a Covid-19 Support Hub digital edition featuring exclusive advice and insight to help readers tackle the challenging terrain ahead.
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Online
Flexible office software provider looks to shore up finances
Flexible office software provider Essensys is looking to raise £7m to shore up its finances during the Covid-19 outbreak.
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Online
Arcadia looks to borrow against distribution centre
Sir Philip Green’s Arcadia is reportedly looking to borrow about £50m against the value of its distribution centre in Daventry, Northamptonshire, in a bid to secure its financial position.
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Online
Custodian REIT seeks debt covenant waivers
Custodian REIT is in talks with lenders to agree debt covenant waivers but insists it remains in “good financial health”.
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Online
Almost half of South East requirements “paused indefinitely”
The ramping up of lockdown measures hampered take-up in the latter stages of Q1 and is expected to lead to a thin quarter of letting deals in Q2, according to new research by Lambert Smith Hampton (LSH).
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Online
Warehouse REIT collects 75% of rent and ‘remains committed’ to final dividend
Warehouse REIT collected 74% of quarterly rent, and remains committed to meeting its final quarter dividend target of 6.2p per share.
