All Finance articles – Page 15
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Safestore revenue dips 1.4% in first quarter
The self-storage group also posted a decline in turnover and occupancy rates.
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NAV plummets 6.4% at abrdn European Logistics Income
The group has been hit by a 3.9% decline in the value of its portfolio, to £542.8m.
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Consolidation: a key trend for REITs in 2024
Property Week reports on the growing trend towards mergers and acquisitions as REITs bid to increase their scale in the fight for capital access.
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Net zero transition far more expensive than public thinks, Lords warned
Top economists say the move to a low-carbon economy will come with a higher than expected price tag.
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Sticks n Sushi secures £22m loan to open UK restaurants
The group is set to open its 13th UK restaurant in May.
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Vistry sticks with £2.2m CEO pay rise despite shareholder revolt
Housebuilding giant has ignored almost half of its shareholders who voted against a rise in executive pay deals.
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Sussex Uni secures £123m of abrdn funding for PBSA scheme
The West Slope project will create 1,900 student accommodation units.
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BT Tower set to become hotel after £275m sale
The iconic landmark has been snapped up by US group MCR Hotels.
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Urban Logistics REIT makes rival bid for abrdn Property Income Trust
The combination of the two businesses would create a strong FTSE 250 constituent with a combined pro-forma market cap of £830m.
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Birmingham City Council must sell off £750m of assets
The council has a £2.4bn portfolio of 6,500 properties to draw on.
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Allsop raises over £51m in February residential auction
The firm’s second residential auction of the year achieved a success rate of 85% from the sale of 260 lots.
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Springfield agrees £18m of land sales to help alleviate debt
The Scottish housebuilder said fall in revenue and profits in its half-year results reflect “challenging market conditions”.
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The Body Shop’s current store portfolio mix ‘no longer viable’
Seven stores will close today, with additional closures to follow.
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Anchor secures £150m from LGIM and Sun Life for later living development
Specialist housing and care provider will use the funds to develop and buy affordable and energy-efficient homes.
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Scottish commercial real estate investment plummets in 2023
Retail took lion’s share of Scottish investment last year, Colliers reports.
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Revenue grows at Lok’nStore amid busy pipeline
Its four new stores will add 211,600 sq ft of trading space to the UK self-storage market.
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Village Hotels owner puts brand up for sale with £800m price tag
US investment firm KSL Capital Partners has invited bids.
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Leumi lends £23m to Cinnamon for luxury care home refinancing
Funding for assets in Exeter and Worcestershire brings the total portfolio funded by Leumi UK to 251 beds.
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Gresham House launches £300m biodiversity fund to enhance natural capital
The fund will invest in Environment Bank’s Habitat Banks, which help meet develpers’ biodiversity requirements.
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GRE Finance appoints Grimes and Dickinson in senior roles
Specialist lender has appointed two associate directors as it expands its team.