All Finance articles – Page 27
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NewsSelect 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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OnlineMontagu 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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OnlineUnite 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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NewsSoho 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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OnlineServiced 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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NewsHouse 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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NewsGovernment 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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OnlineOrbit 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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OnlineSelfridges 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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InsightNew 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.
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NewsMitheridge and Halcyon form JV to deliver 340-unit co-living scheme in London
Mitheridge Capital Management has completed the acquisition of a site comprising three warehouses in Hackney Wick, east London, to redevelop them into a 339-unit co-living scheme with a gross development value of more than £100m.
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OnlineMidland Heart secures £200m of lending to modernise affordable homes portfolio
Midland Heart has secured a £200m funding deal to support its efforts to modernise its 35,000 affordable home portfolio.
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NewsFiera and Cubex agree £9.4m development facility with Alpha Property Lending
Fiera Real Estate UK and Cubex have agreed a £9.4m development facility with Alpha Property Lending to part-fund the construction of its grade-A 94,000 sq ft logistics scheme, Swindon Trade Park.
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NewsWavensmere Homes on track to deliver 500 homes to hit £115m turnover
Residential developer Wavensmere Homes is on track to deliver 500 homes during 2024, which will result in a turnover of £115m.
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OnlineOxford Properties’ Joanne McNamara joins board of ESR Group
Joanne McNamara, executive vice-president at Oxford Properties Group, has been appointed as a non-executive director of ESR Group, effective 1 January.
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OnlineScottish Budget brings little cheer for hospitality or housing
Scottish property experts said yesterday’s Scottish Budget provided little help to support struggling retail and hospitality businesses or to address the housing crisis north of the border.
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OnlineInflation falls ahead of expectations to 3.9%
UK inflation dropped to its lowest level for more than two years in November as falling petrol prices helped drive a bigger-than-expected fall, official figures show.
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OnlineHome REIT sells 80 assets at a loss as recovery plan continues
Home REIT has exchanged on the sale of 80 properties for £16.2m as it continues its recovery plan.
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OnlineHines secures €80m commitment from local government pension fund
Hines has added the largest UK Local Government Pension Scheme (LGPS) pool into its latest closed-end European value-add fund, Hines European Real Estate Partners III (HEREP III).
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OnlineSchroder European REIT agrees early refinancing on Paris scheme
Schroder European REIT has completed the early refinancing of its lending on its St Cloud office development in Paris.
