All Finance articles – Page 15
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NewsCapital & Regional sells The Mall, Luton for £58m
REIT Capital & Regional, which owns retail and leisure properties and specialises in community shopping centres, has sold The Mall, Luton to SDI (Luton) and SDI (Luton 2) for £58m.
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News
Revenue leaps 30% at Empiric Student Property
Empiric Student Property, the owner and operator of premium, studio-led student accommodation across the UK, has reported a revenue increase of 30% to £73m for the year ended 31 December 2022.
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News
Countryside Partnerships buys Coventry resi development site from Henry Boot
Henry Boot’s land promotion and planning business, Hallam Land Management (HLM), has sold a development site in Eastern Green, Coventry, to mixed-tenure developer Countryside Partnerships for an undisclosed price.
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Online
Savills reveals profit fall and warns of ‘challenging’ 2023
Savills has posted a fall in profit to £153.9m, from £183.1m in 2021, for the year ending 31 December 2022, despite a rise in revenue.
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News
Spring Budget: Failure to cut business rates is ‘desperately disappointing’
Chancellor Jeremy Hunt’s Spring Budget detailed plans to halve inflation, grow the economy and get debt falling, but industry figures were disappointed by its failure to cut business rates.
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Spring Budget: Hunt ‘missed the opportunity’ to reduce embodied carbon in retrofitting
The chancellor has been accused of missing the opportunity to introduce tax incentives for reducing embodied carbon in retrofit and refurbishment projects in this year’s Spring Budget.
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News
Spring Budget: There cannot be economic growth if housing market is not fixed
The Spring Budget focused on the government’s plans to boost economic growth, but property experts say there cannot be sustainable economic growth if the housing market is not fixed first.
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News
Spring Budget: UK avoids technical recession this year
The UK will not enter a recession this year, chancellor Jeremy Hunt has said in his Spring Budget as he announced the government’s main priorities will be on reducing inflation and debt and delivering long-term sustainable growth in the economy.
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Studies show London economy set to outperform global peers by 2030 while office sector in ‘state of flux’
London’s economic output is set to outperform its global peers, including New York, Paris, Berlin and Hong Kong, by 2030, according to a report by the London Property Alliance (LPA).
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News
Hampshire Trust Bank completes £7.5m exit deal for Manchester resi scheme
Hampshire Trust Bank (HTB) has provided a large North West developer and private rental company with a £7.5m loan to help it complete and sell a Manchester residential scheme.
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Online
Purplebricks 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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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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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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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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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.
