All Finance articles – Page 25
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News
Chancerygate appoints Cowley as head of investment and asset management
Urban logistics developer and asset manager Chancerygate has appointed Simon Cowley as head of investment and asset management.
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Online
Travelodge buys 66 hotels back from LXi for £210m
LXi REIT has exchanged contracts on the sale of 66 Travelodge branded hotels to the Travelodge group for £210m.
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Online
LondonMetric buys Doncaster warehouse for £21.2m
LondonMetric has completed the acquisition of a long-let distribution warehouse in Doncaster for £21.2m.
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Online
UK hotel investment falls 37% to £2bn in 2023
The UK hotels market attracted £2bn of investment in 2023 but was down by more than a third on 2022’s figures, according to a new report.
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Online
I-RES urges investors to reject Vision Capital move to take effective control
Irish Residential Properties REIT (I-RES) has urged shareholders to reject all resolutions at an emergency general meeting (EGM) requestioned by activist shareholder Vision Capital.
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News
Marlborough Property portfolio value drops by almost £45m
The value of Marlborough Property Company’s portfolio of shops and offices fell by almost £45m last year, according to its financial statement for the year ended 30 June 2023.
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News
Housing provider operating margins drop 30% over five years
Housing provider operating margins have dropped 30% to 18.5% over the past five years, while the return of capital has fallen by a third to a median of 2.8%, according to Housemark’s new report.
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News
Patron and Curation JV acquires £15m 140-bed Birmingham PBSA scheme
Pan-European institutional investor Patron Capital on behalf of its joint venture with investment manager Curation Capital has acquired a 136-bed purpose-built student accommodation (PBSA) scheme in Birmingham.
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News
Northern Ireland commercial property investment highest since 2015
Investment in Northern Ireland’s commercial property investment sector reached £338m last year – the highest volume since 2015 – according to CBRE NI.
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Online
Institutions set to boost investment in residential development, survey finds
Institutional investors are increasingly recognising their role in meeting UK housebuilding targets and plan to boost funding levels, research from investment manager Downing has found.
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News
Select Property secures £44.5m development finance from Close Brothers
Developer, operator and investment specialist Select Property has secured a £44.5m development finance facility from Close Brothers to bring forward its first Affinity Living build-to-rent development in Birmingham.
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Online
Montagu Evans records 38% fall in annual profit
Montagu Evans has reported a 15% fall in revenue to £54.8m for the financial year to March 2023 and a statutory profit of £14.1m, £8.9m lower than 12 months earlier.
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Online
Unite begins construction on £185m east London PBSA scheme
Student accommodation giant Unite has begun construction of an £185m property in Stratford, east London.
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News
Soho Estates reports revenue rise but drop in property values for 2022-23 financial year
Soho Estates’ revenue rose £7.6m to £37.1m in the year to 31 March 2023, compared to the previous year, but the value of its property portfolio fell by £15.6m, according to its latest results.
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Online
Serviced office provider BE Offices collapses into administration
BE Offices, a serviced office provider with a slew of sites across the City of London and the West End, has collapsed into administration, following in the footsteps of co-working giant WeWork.
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News
House prices fell 1.8% in 2023 amid ‘weak’ market activity, with rapid rebound ‘unlikely’
UK house prices ended 2023 down 1.8% compared with December 2022, leaving them almost 4.5% below the all-time high recorded in late summer 2022, according to Nationwide’s house price index.
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News
Government unveils plans for property sector corruption crackdown
The government has pledged to crack down on corruption in the property sector and create greater clarity on land ownership with a new consultation.
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Online
Orbit Homes’ Moore joins HBF board
Orbit Homes director Helen Moore is to join the board of the industry lobby group the Home Builders Federation (HBF).
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Online
Selfridges in talks over debt payments as co-owner collapses
London department store Selfridges is in talks with its parent company Central Group about raising cash to pay its upcoming debt commitments, after its co-owner filed for insolvency.
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Insight
New regulator guidance to help protect open-ended funds investing in property
The Financial Stability Board (FSB) and the International Organisation of Securities Commissions (IOSCO) have published tougher rules for managers of open-ended investment funds in a bid to protect financial stability and improve investor protection.