All Finance articles – Page 3
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NewsAcuitus offers 11 lots for more than £1m at its March auction
A parade of shops in Southampton, Hampshire, with flats and offices above, listed at a guide price of £2.5m, will lead Acuitus’s 45-lot auction on 30 March, which includes 11 lots with guide prices of £1m-plus.
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Former Persimmon CEO Fairburn registers new business
Jeff Fairburn, former chief executive of housebuilder Persimmon, has registered a new business called Third Stone Investments.
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Barratt hunts funding partners for £280m London BTR opportunity
Barratt London has launched a hunt for one or more funding partners for a £280m build-to-rent opportunity comprising three schemes in London.
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Government allocates £1.8bn for UK housing retrofit drive
The government has allocated over £1.8bn in funding for a retrofit drive across social housing, aiming to boost energy efficiency and cut emissions in UK homes.
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Theme park developer calls in administrators on London Resort project
The company behind multi-billion-pound plans for a giant Disneyland-style theme park near Dartford has called in administrators after building up £100m in debts.
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US hedge fund sues developer for breaking alleged Royal Albert Dock deal
US hedge fund Baupost has filed a High Court claim suing UK developer DPK Management for allegedly breaking a deal to jointly acquire London’s Royal Albert Dock development.
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UK’s single family housing sector set for £8bn of capital
The UK’s single family housing market is growing rapidly, with more deals completed in Q1 this year than in the whole of 2022 and £8bn of capital heading to the sector in the next three to five years, according to Knight Frank.
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February sees ‘unseasonable rise’ in average rent price
The average London rent rose 5% to over £570 per week in February from the previous month, exceeding the highs of the peak lettings season last summer, according to Foxtons.
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£1.95m Hatton Garden property leads Strettons’ March auction
A part-let retail and office property in Hatton Garden, London, is to go under the hammer at Strettons’ March auction, with a guide price of £1.95m.
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Vistry hails ‘excellent progress’ in Countryside integration
Housing giant Vistry posted a 20.9% rise in profit in 2022, but cut the shareholder payout as the outlook for the market worsens.
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Maslow Capital agrees £114m loan for Paddington PBSA scheme
Maslow Capital, a provider of real estate development finance, has agreed a £114m loan for Union Property Development to build a 356-bed student accommodation scheme in Paddington, central London.
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Investec loans GSA £85m to refurbish five PBSA assets
Investor Investec Real Estate is providing an £85m loan to developer Global Student Accommodation Group (GSA) to support the refinance and partial refurbishment of five UK purpose-built student accommodation (PBSA) assets.
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Henry Boot posts record underlying profit but warns 2023 will be ‘a tougher year’
Property investment and land promotion specialist Henry Boot has posted a record annual underlying profit of £56.1m.
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British Land goes on retail park buying spree
British Land has completed on the acquisition of three retail parks for a total of £94m and sold its 50% stake in a retail park in Preston for £30m.
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Supermarket Income REIT completes £87m refinancing
Supermarket Income REIT has refinanced its existing loan facilities with Bayerische Landesbank (BLB) with a £86.9m three-year loan.
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HTB completes £21.1m development finance
Hampshire Trust Bank (HTB) has completed a £21.1m development exit and construction loan facility for a mixed-use development in North London.
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Hammerson CEO Gangé on how retail property group ‘has turned a corner’
It’s been a busy 865 days for Rita-Rose Gagné.
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Supermarket Income REIT completes Sainsbury sale
Supermarket Income REIT completed the £430.9m sale of its interest in the Sainsbury’s Reversion Portfolio on Friday (17 March).
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Grosvenor to double global indirect property investment portfolio
Grosvenor is set to double the size of its indirect real estate investment business, Grosvenor Diversified Property Investments (GDPI), to around £1.5bn in equity over the next five years.
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Conditions right for single-family rental investment, says IMMO
A volatile market featuring soaring inflation and repeated interest rate rises means the time is right for European single family rental investment, according to investment platform IMMO.
