All Finance articles – Page 21
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NewsVistry sells 50 homes to Gatehouse IM
The housebuilder has sold 50 homes in Gloucester to Gatehouse Investment Management as part of its joint venture with global investment firm Carlyle.
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OnlineMike Ashley considers bid for Sheffield’s Meadowhall
The Sports Direct founder is considering his biggest investment to date in the retail property market.
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NewsKingston and Sutton pension schemes commit £55m to The London Fund
The £250m fund is looking to invest in infrastructure opportunities, including regeneration.
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InsightNacropolis Group’s Jun Liu on the property finance challenges of 2024
Looking forward over the coming year, there are signs of optimism in the UK property market. Fitch expects UK house prices to stay nominally unchanged this year, buoyed by banks, such as HSBC, offering sub-4% five- and 10-year fixed mortgage rates for the first time since April 2023.
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OnlineZenzic launches £500m student digs strategy
Leeds Zenzic Capital has launched a £500m UK student accommodation strategy with an initial five schemes.
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OnlineCrest Nicholson cuts full-year profit forecast again
Housebuilder Crest Nicholson has cut its annual profit forecast for the third time in six months, citing higher costs related to sites and an exceptional £13m charge due to a legal claim.
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NewsFalling rates to spur real estate revival, but ‘tepid’ transaction activity poses challenges
Falling interest rates will spur a revival in real estate capital markets in 2024, but tepid transaction activity and subdued economic growth are likely to make it another challenging year, said CBRE.
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NewsMajority of investors optimistic about commercial market in 2024, report finds
A new report from global professional services firm Alvarez & Marsal shows 56% of investors feel optimistic about the outlook for UK and European commercial real estate investments over the next 12 to 18 months.
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NewsJust over 50,000 buy-to-let companies were set up in 2023, says Hamptons
A record 50,004 companies were set up to hold buy-to-let properties in 2023 despite a sharp fall in housing sales, according to research from Hamptons.
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NewsVistry profit is ahead of guidance as Fitzgerald prepares to take chair from Findlay
Housebuilder Vistry’s financial performance for 2023 was ahead of its guidance, with adjusted profit before tax expected to fall in line with 2022’s figure of £418.4m, according to its trading update for the year to the end of last December.
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NewsSchroder European REIT reports dip in portfolio value
Schroder European Real Estate Investment Trust has had its direct property portfolio independently valued at €210.2m (£180.6m) as of the end of last year, down 1.8% over Q4, according to a portfolio update from the company.
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NewsHarworth completed 1,170 residential plot sales in 2023
Harworth Group, a regenerator of land and property for sustainable development and investment, completed 964 residential plot sales in December, bringing its total for the year to 1,170.
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NewsI-RES appoints Hugh Scott-Barrett to chair of the board
The board of Irish Residential Properties REIT (I-RES) has appointed Hugh Scott-Barrett to succeed Declan Moylan as chair of the I-RES Board from 23 February.
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NewsNewcore Capital acquires £11m of social infrastructure assets
UK-focused real estate investment manager Newcore Capital has acquired two language schools, in Cambridge and Oxford, and a food distribution asset in Colchester for a total of around £11m, reflecting a net initial yield of 6.1%.
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NewsSavills on track in year-end trading update
Savills said it expects its full-year performance for 2023 to fall in line with the expected range of outcomes, despite a challenging year for the real estate market.
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NewsTaylor Wimpey prioritises prices amid challenging market environment
Taylor Wimpey’s overall average selling prices rose 3.5% to £324,000 in 2023, but the housebuilder ended the year with a lower order-book value of £1.77m, excluding joint ventures, compared with £1.94m in 2022.
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OnlineHightown secures £50m in funding from Aviva
Aviva Investors has provided £50m of funding to Hightown Housing Association, which owns and manages more than 8,700 homes and care and supported housing projects across Hertfordshire, Buckinghamshire, and Berkshire.
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OnlineClarion raises £427m for UK logistic fund
Fund manager Clarion Partners Europe has exceeded the fund raising target for its closed-end UK logistics fund by securing £427m in investment.
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OnlineLondonMetric to take over LXi in £1.9bn deal
LondonMetric has agreed a £1.9bn takeover of Nick Leslau’s LXi REIT, in a deal that will create the UK’s fourth largest REIT with net tangible assets of £4.1bn.
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NewsPuma Property provides £72m loan for 790-bed Nottingham PBSA scheme
Puma Property Finance will provide a £72m loan to support the development of a 790-bed purpose-built student accommodation (PBSA) scheme in Nottingham by a joint venture between Olympian Homes and Housing Growth Partnership (HGP).
