All Finance articles – Page 28
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OnlineCommercial real estate investment to hit £50bn in 2024, Colliers predicts
The UK commercial real estate market could see transaction volumes of £50bn in 2024, significantly up on the circa £40bn recorded in 2023, Colliers has predicted.
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NewsAcuitus reports a total of £175m in auction sales in 2023
The final Acuitus commercial property auction of 2023 raised £10m and brought the total volume of assets that the auction house sold during the year to £175m, with an average lot size of £717,000.
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OnlineLess default distress than expected in 2023
The last 12 months were characterised by uncertainty but lenders’ willingness to accept short-term solutions helped borrowers.
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NewsBig Yellow completes refinancing of revolving credit facility
Self-storage giant Big Yellow has completed the refinancing of its revolving credit facility and has put in place a new £300m ESG-linked facility for an initial term of three years.
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NewsNorthern Powerhouse cities top targets for overseas property investors in 2023
Northern Powerhouse cities have been the top choices for overseas investors in 2023, with 42% of enquiries from overseas investors expressing an interest in buy-to-let opportunities in Manchester and Sheffield, according to property investment company IP Global.
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NewsMiddle Eastern investor interest soars in offices, BNP Paribas finds
Middle Eastern investment in central London offices is the busiest it has been since pre-pandemic levels, according to BNP Paribas Real Estate (BNP PRE) research, with prime West End locations the ‘hottest’ in terms of pricing.
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NewsAlternative Income REIT acquires Virgin Active leisure club in London
Alternative Income REIT, which owns a diversified portfolio of UK commercial property assets predominantly let on long leases with index-linked rent reviews, has acquired a Virgin Active leisure club for £5.1m.
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NewsAM alpha acquires 220-unit BTR Westminster Works scheme in Birmingham
Munich-based real estate investment firm AM alpha has acquired the 220-unit build-to-rent (BTR) development Westminster Works in Birmingham for an undisclosed amount.
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NewsLondonMetric and LXi REIT in merger talks to create £3.9bn company
LondonMetric Property and LXi REIT have confirmed they are in discussions over a possible all-share merger of the two companies to create a firm valued at £3.9bn.
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NewsTfL to receive £250m capital investment from government over 2024
Transport for London (TfL) has secured an agreement with the government today (18 December) for a capital investment fund of £250m over 2024.
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NewsDolphin announces wave of new board and committee appointments
Dolphin Square Charitable Foundation, the parent company of Dolphin Living, has announced the appointment of two board members and two committee members.
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OnlineBNP Paribas REIM acquires 25 Victoria Street offices for £42.5m
BNP Paribas Real Estate Investment Management (REIM) has acquired 25 Victoria Street, a grade-A building in central London, for £42.5m, marking the first UK acquisition of its European Impact Property Fund (EIPF).
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NewsPocket Living sells two rental assets for a total of £70m
Affordable housing developer Pocket Living has sold two rental assets in London, worth a combined £70m, which provide 257 homes, the majority for discounted rent.
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OnlineBruntwood SciTech appoints Oglesby as CEO
Bruntwood SciTech has appointed its current executive chairman Chris Oglesby as its new chief executive.
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NewsHalifax predicts house prices to fall in 2024
House prices are predicted to fall by between 2% and 4% in 2024, as broader economic challenges and mild downward pressure on house prices look set to continue, according to Halifax.
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NewsFiera Real Estate and Wrenbridge to develop £25m logistics scheme after site acquisition
Fiera Real Estate and Wrenbridge have acquired a 2.6-acre site in Waltham Cross, Hertfordshire, to speculatively develop a mid-box urban logistics unit with a GDV of circa £25m.
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NewsBarkby Group makes first acquisition for roadside JV portfolio
Barkby, the roadside real estate business, and its joint venture (JV) with Meadow Partners has acquired its first asset for a total cost of £5.28m.
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NewsBoE’s decision to maintain rate signals ‘peak of turmoil has passed’
The Bank of England has held the interest rate for the third time in a row at 5.25%, a 15-year high, which experts say should spell good news for the property market as it signals more stability and less market uncertainty.
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NewsBirmingham council looks to £2.4bn property portfolio as first cuts announced
Birmingham City Council has approved a new property committee, which will be tasked with selling off assets, as the local authority looks to its £2.4bn property portfolio to bridge a large budget deficit.
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NewsOlympian and Housing Growth form JV to deliver £120m PBSA scheme in Nottingham
Commercial and residential developer Olympian Homes has formed a joint venture (JV) with Housing Growth Partnership to deliver a purpose-built student accommodation (PBSA) scheme in Nottingham, with a GDV of £120m.
