All Finance articles – Page 12
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NewsBruce joins MJ Gleeson board
Nicola Bruce has joined MJ Gleeson’s board as a non-executive director and will become the chair of the remuneration committee, as Elaine Bailey steps down as interim chair.
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Insight
Leading RE’s Tasos Stavrou on opportunities for savvy investors
Rents and demand for US industrial real estate continued to rise last year, but the sector’s sales boom appears to be slowing. Industrial transactions dropped, with interest rates and economic uncertainty the main reasons for a decrease in activity.
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News
QIP and Soilbuild JV launches £200m UK PBSA business
Singaporean private equity real estate firm Q Investment Partners (QIP) and developer Soilbuild have launched a £200m joint venture to create a UK purpose-built student accommodation (PBSA) business.
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News
Bank of England raises rate to 4.25% amid ‘large and volatile’ market moves
The Bank of England has raised interest rates by 0.25 percentage points to 4.25% as it warned of “large and volatile moves in global financial markets” since the failure of Silicon Valley Bank and UBS’s purchase of Credit Suisse.
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News
More developers sign fire safety contract amid Gove threat
Seven developers have yet to sign the government’s remediation contract committing to pay to fix fire safety defects ,after Lendlease became the latest to sign up to housing secretary Michael Gove’s pledge.
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Online
Clarion re-enters UK warehouse market with £52m double acquisition
Fund manager Clarion Partners Europe returned to the UK warehouse market with the acquisition of two distribution warehouses in Peterborough for £52m from Equites Property Fund.
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Online
LondonMetric sells three Midlands industrial estates for £46m
LondonMetric has sold a portfolio of three multi-let industrial estates in the Midlands for £46m.
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News
Harworth targets BTR and industrial space after reporting leap in NAV
Land regeneration specialist Harworth Group cited the build-to-rent (BTR) space as a key focus for the year ahead as it revealed a rise in net asset value to the year to 31 December, despite a sharp fall in investor returns and profit.
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News
Allsop releases 241-strong catalogue for its next residential auction
Three freehold terraced houses in Notting Hill, west London, guided at £11.5m are the star lot in Allsop’s catalogue for its March residential auction, which includes 22 lots guided at more than £1m.
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News
This week in… 2015
A trio of Japanese banks bought into the debt backing London landmark The Gherkin, in a deal secured by ING.
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News
Acuitus offers 11 lots for more than £1m at its March auction
A parade of shops in Southampton, Hampshire, with flats and offices above, listed at a guide price of £2.5m, will lead Acuitus’s 45-lot auction on 30 March, which includes 11 lots with guide prices of £1m-plus.
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News
Former Persimmon CEO Fairburn registers new business
Jeff Fairburn, former chief executive of housebuilder Persimmon, has registered a new business called Third Stone Investments.
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News
Barratt hunts funding partners for £280m London BTR opportunity
Barratt London has launched a hunt for one or more funding partners for a £280m build-to-rent opportunity comprising three schemes in London.
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News
Government allocates £1.8bn for UK housing retrofit drive
The government has allocated over £1.8bn in funding for a retrofit drive across social housing, aiming to boost energy efficiency and cut emissions in UK homes.
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News
Theme park developer calls in administrators on London Resort project
The company behind multi-billion-pound plans for a giant Disneyland-style theme park near Dartford has called in administrators after building up £100m in debts.
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News
US hedge fund sues developer for breaking alleged Royal Albert Dock deal
US hedge fund Baupost has filed a High Court claim suing UK developer DPK Management for allegedly breaking a deal to jointly acquire London’s Royal Albert Dock development.
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News
UK’s single family housing sector set for £8bn of capital
The UK’s single family housing market is growing rapidly, with more deals completed in Q1 this year than in the whole of 2022 and £8bn of capital heading to the sector in the next three to five years, according to Knight Frank.
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News
February sees ‘unseasonable rise’ in average rent price
The average London rent rose 5% to over £570 per week in February from the previous month, exceeding the highs of the peak lettings season last summer, according to Foxtons.
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News
£1.95m Hatton Garden property leads Strettons’ March auction
A part-let retail and office property in Hatton Garden, London, is to go under the hammer at Strettons’ March auction, with a guide price of £1.95m.
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Online
Vistry hails ‘excellent progress’ in Countryside integration
Housing giant Vistry posted a 20.9% rise in profit in 2022, but cut the shareholder payout as the outlook for the market worsens.
