All Finance articles – Page 2
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NewsFebruary 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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£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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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.
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Maslow Capital agrees £114m loan for Paddington PBSA scheme
Maslow Capital, a provider of real estate development finance, has agreed a £114m loan for Union Property Development to build a 356-bed student accommodation scheme in Paddington, central London.
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Investec loans GSA £85m to refurbish five PBSA assets
Investor Investec Real Estate is providing an £85m loan to developer Global Student Accommodation Group (GSA) to support the refinance and partial refurbishment of five UK purpose-built student accommodation (PBSA) assets.
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Henry Boot posts record underlying profit but warns 2023 will be ‘a tougher year’
Property investment and land promotion specialist Henry Boot has posted a record annual underlying profit of £56.1m.
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British Land goes on retail park buying spree
British Land has completed on the acquisition of three retail parks for a total of £94m and sold its 50% stake in a retail park in Preston for £30m.
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Supermarket Income REIT completes £87m refinancing
Supermarket Income REIT has refinanced its existing loan facilities with Bayerische Landesbank (BLB) with a £86.9m three-year loan.
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HTB completes £21.1m development finance
Hampshire Trust Bank (HTB) has completed a £21.1m development exit and construction loan facility for a mixed-use development in North London.
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Hammerson CEO Gangé on how retail property group ‘has turned a corner’
It’s been a busy 865 days for Rita-Rose Gagné.
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Supermarket Income REIT completes Sainsbury sale
Supermarket Income REIT completed the £430.9m sale of its interest in the Sainsbury’s Reversion Portfolio on Friday (17 March).
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Grosvenor to double global indirect property investment portfolio
Grosvenor is set to double the size of its indirect real estate investment business, Grosvenor Diversified Property Investments (GDPI), to around £1.5bn in equity over the next five years.
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Conditions right for single-family rental investment, says IMMO
A volatile market featuring soaring inflation and repeated interest rate rises means the time is right for European single family rental investment, according to investment platform IMMO.
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Capital & 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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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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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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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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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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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.
