All Finance articles – Page 22
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News
@PeterProperty on the why Savills’ results might be the canary in the coalmine
Expect losses in America and on the continent. Expect profit way down on the £153m in 2022.
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News
More Heathrow shareholders plan ‘tag-along’ sale of 35% stake
Heathrow shareholders with 35% stake to sell shares in a ’tag-along’ deal with the airport’s majority owner, Ferrovial.
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Online
IPSX staff pay almost doubled despite £7m loss in year before collapse
The International Property Securities Exchange (IPSX) almost doubled staff pay in the year to the end of June 2022, ahead of announcing its collapse last September.
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News
Average house prices fall despite increases in Scotland, says ONS
ONS House Price Index shows fall in 12 months to November 2023.
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Online
PRS REIT increases ERV by 19%
Rental group PRS REIT increased its estimated rental value (ERV) 19% year on year to £60.3m in the final quarter of last year, according to its latest trading update to investors.
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Online
NAV up 4.7% at Safestore but profits down
Self-storage group posts 4.7% rise in net asset value for year to end of October.
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News
Cain lands £188m refinancing for The Stage in Shoreditch
Cain-led consortium refinances residential part of east London scheme with Macquarie Capital.
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News
Locale breaks pandemic ‘shackles’ to expand portfolio
Firm reports 18% annual recurring revenue (ARR) rise and portfolio growth.
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News
Singapore’s first UK-focused commercial vehicle raises £28m
Elite Commercial REIT has raised gross proceeds of approximately £28m as it prepares for its next phase of growth.
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News
London Tunnels plans London Stock Exchange flotation
Tourist attraction developer intends to undertake first IPO of 2024
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News
Qatar wealth fund backs Canary Wharf despite real estate ‘risk’
Head of Qatar’s $450bn sovereign wealth fund has restated its long-term commitment to London’s Canary Wharf
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Online
Cairn Homes bucks housebuilding trends with record 2023
The Irish housebuilder achieved its strongest ever operational and financial performance.
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Online
UK’s largest nightclub owner set to enter administration
Rekom has revealed it plans to appoint administrators as it struggles with higher bills.
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News
Vistry 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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Online
Mike 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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News
Kingston 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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Insight
Nacropolis 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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Online
Zenzic 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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Online
Crest 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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News
Falling 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.