All Finance articles – Page 23
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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).
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OnlinePersimmon warns on “highly uncertain” housing market in 2024
Housebuilding giant Persimmon said it expects the housing market to remain “highly uncertain” in 2024, despite achieving higher sales than expected in 2023.
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OnlineWinkworth blames Truss's mini-budget for fall in annual home sales
Estate agency group M Winkworth has blamed the September 2022 mini-Budget of former prime minister Liz Truss and then chancellor Kwasi Kwarteng for a downturn in the UK property market and its annual trading in 2023.
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OnlineAssura claims robust financial performance in third quarter
Healthcare property group Assura has told investors it is in a “robust financial position” after the third quarter of its financial year.
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OnlineBelvoir and Property Franchise Group reveal £214m merger
Estate agent brands Belvoir and The Property Franchise Group (TPFG) have revealed an all-share merger.
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NewsDebt crisis looms for 2024 as firms face ‘refinancing gap’
Tough year ahead as new valuations are obtained and hedging products expire.
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NewsHome REIT takes legal action against tenants withholding rent as sell-off continues
Home REIT has revealed its investment manager AEW is taking legal action against selected tenants that continue to withhold rent, as it continues to auction off assets.
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NewsGrosvenor and Generali launch £100m resi private debt co-investment strategy
Grosvenor Property UK and Generali Real Estate have launched a £100m residential private debt co-investment strategy today (9 January).
