All Finance articles – Page 3
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OnlineBlackstone ups real estate AUM by 31% in a year to $157bn
Blackstone has seen assets under management in its real estate arm jump 31% over the past year to $157bn.
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Online
RDI NAV hit by shopping centre woes
RDI REIT has reported a 13% drop in net asset value in full-year results after writing off a portfolio of four shopping centres.
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News
Delancey front runner to bag Capco scheme
Earls Court deal could scupper any bid for entirety of Capco from Nick Candy
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News
Growthpoint’s deal for 51% CapReg stake follows 11 months of talks
Capital Regional chief executive Lawrence Hutchings began talks with his opposite number at Growthpoint Properties about a potential deal last November – when the UK REIT’s share price was almost three times the level it sank to this summer – it has emerged.
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Online
WeWork accepts SoftBank rescue deal
WeWork’s board has approved investor SoftBank’s multi-billion dollar rescue deal, which will see the telecoms giant assume control of around 80% of the struggling business.
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Online
Global real estate investment at record high, but institutions remain under exposed
Despite concerns about asset valuations and weakening economic growth, the appetite for investment in commercial real estate among global institutions has reached its highest point in seven years, according to new research.
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Online
WeWork valued at just £6.1bn as Softbank moves to take control
SoftBank is in advanced talks to take a majority stake in troubled flexible office group WeWork, in a deal that values the group at just $8bn (£6.1bn).
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Online
Wise Living secures £33m BTR boost
The SDL Group’s build-to-rent (BTR) arm Wise Living has secured a further £33m of funding from investors ICG-Longbow.
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Online
OakNorth lends Marden Homes £17.8m for Essex development
Challenger bank OakNorth has provided housebuilder Marden Homes with £17.8m for a new residential development in Chelmsford.
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Online
L&G appoints Capco director as it prepares for £750m affordable homes push
Legal General Affordable Homes is to pump £750m into new affordable housing projects across the UK, increasing its development pipeline to nearly 3,500 homes, across 41 schemes.
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Online
Candy eyes bid for Capco
Residential property tycoon Nick Candy has confirmed he has joined forces with Saudi Aradia’s Public Investment Fund to launch a bid for Earls Court and Covent Garden owner Capital Counties (Capco).
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Online
Knight Frank reports dip in turnover and profits
Knight Frank has reported a dip in both turnover and profits in annual results.
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News
Research reveals fall in commercial spending by LAs
Local authority spending on commercial property has fallen sharply this year and is expected to fall further in 2020 because of an increase in borrowing costs.
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Online
Regional REIT buys UK office portfolio
Regional REIT has paid £27.7m for a portfolio of four office assets.
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News
Brexit uncertainty leads Shiva to delay Hotel Income REIT flotation
Shiva Hotels has delayed the £150m initial public offering of its subsidiary Hotel Income REIT because of Brexit uncertainty.
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Online
Brunswick Real Estate Ventures launches Europi Property Group
Brunswick Real Estate Ventures has launched a pan-European investment company, Europi Property Group (EPG), and recruited Blackstone’s Jonathan Willén to lead it.
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Online
Growthpoint agrees deal for Capital & Regional
South Africa’s Growthpoint Properties has agreed a deal to acquire a majority stake in Capital Regional through a combination of a partial offer and a subscription of new shares.
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News
Lenders reveal extent of fears about retail property and WeWork
Anonymous comments provided by lenders for the Cass real estate lending report reveal how nervous they are about the outlook for retail property and WeWork’s ‘distorting’ impact on the office market.
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Online
Pidgley sells £42m stake in Berkeley
Berkeley Group chairman Tony Pidgley has sold a stake worth £42m in the housebuilder.
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Online
Goldman writes down value of WeWork stake
Goldman Sachs has written down the value of its investment in WeWork by $80m following its failed stock market flotation.
