All Finance articles – Page 14
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OnlinePurplebricks reveals takeover interest from Strike, but says pair not currently in talks
Purplebricks has told investors that it has held takeover talks with rival online estate agency group agency Strike, but that the firm is not currently involved in the “formal sale process”.
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News
Historic Birmingham social club leads Bond Wolfe March auction
A former social club in south Birmingham will be one of the standout lots in Bond Wolfe’s 30 March auction, alongside a range of residential, commercial and investment properties.
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News
Midland student properties lead latest Savills auction
A student accommodation investment lot in Leicester comprising 15 six-bedroom houses is set to lead Savills’ next auction on 28 March.
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News
Spring Budget: industry urges government to lower business rates burden
Industry experts are calling on the government to lower business rates and introduce reform ahead of tomorrow’s Spring Budget.
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News
Spring Budget: Financial barriers to retrofitting must be removed to reach net zero
Property experts have urged the chancellor to remove financial barriers to retrofitting residential and commercial buildings ahead of his Spring Budget tomorrow as net zero targets look unreachable.
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Online
Supermarket Income REIT sells Sainsbury portfolio for £430.9m
Supermarket Income REIT has agreed the £430.9m sale of its interest in the Sainsbury’s Reversion Portfolio to the supermarket giant.
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Online
NAV nudges up at Harworth despite profit and valuation falls
Land regeneration specialist Harworth Group has posted a rise in net asset value (NAV) for the year to the end of December, despite a sharp fall in investor returns and profit.
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Insight
Heart of London Business Alliance’s Ros Morgan gives her 10 reasons to be happy three years on from Covid
Almost three years since Covid-19 shut much of the world down, there are green shoots of hope among the West End’s businesses.
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News
Cheyne Capital lends £123m to MARK for Borough Yards development
Alternative asset manager Cheyne Capital has loaned real estate investment manager MARK £122.8m to refinance borrowing on its mixed-use scheme Borough Yards in South London.
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News
M7 Box+ REIT to float £228.9m portfolio on IPSX
M7 Box+ REIT has confirmed plans to float a portfolio of seven let and operational warehouses valued at £228.9m at the end of last year on IPSX.
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News
Housing associations Network Homes and Sovereign merge to create 82,000 home group
The boards of housing associations Network Homes and Sovereign have agreed to merge and become a new housing association called Sovereign Network by October.
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Insight
Jefferies Mike Prew on how policy is switching to defusing inflation
The REIT index has rebounded 25% from an October low point after the Trussonomics Budget, when we saw 50% discounts to net asset value (NAV) reminiscent of the 2008 global financial crisis (GFC).
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Online
Redevco creates one of Europe’s largest retail park platforms
Redevco has established one of the largest retail warehouse park asset management platforms in Europe with assets under management (AUM) of €4.5bn (£4bn).
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News
Silbury Finance lends Kingsbridge £25m for Bracknell scheme
Oaktree Capital Management-backed lender Silbury Finance has provided a £24.7m senior loan to residential developer Kingsbridge Capital for an office-to-residential project in Bracknell, Berkshire.
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News
Workspace sells Wandsworth residential asset for £54m
Workspace has sold the residential component of the Riverside mixed-use redevelopment in Wandsworth, south London for £53.95m to an undisclosed buyer, in line with its September 2022 valuation.
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News
BNP forecasts £41bn international investment targeting central London
BNP Paribas Real Estate has estimated £41bn of international investor ’dry powder’ is targeting central London office and retail assets this year, in a ‘triple-tiered’ buyer landscape.
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News
Cohort Capital funds west London office to resi conversion
Specialist lender Cohort Capital has provided a £22m acquisition loan to an undisclosed US fund for the purchase of an office asset at Brook Green, west London, which the fund intends to convert to residential use.
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Online
Hammerson CEO says group has ‘turned a corner’ as earnings leap 60%
Hammerson chief executive Rita-Rose Gagné has told Property Week the company has “turned a corner” after it posted a 60% rise in underlying earnings for the year to the end of December, which stood at £105m, ahead of guidance of “not less than £100m”.
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Online
Landsec launches £400m green bond
Landsec has launched a £400m green bond via Land Securities Capital Markets, the group’s first such fundraising.
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Online
Century Capital secures £100m funding
Century Capital has secured a £100m funding line from NatWest to increase the group’s lending programme.
