All Finance articles – Page 31
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Springfield sees green shoots of recovery in housing sector
Scottish housebuilder Springfield Properties has told investors the first half of its financial year has been in line with expectations as demand for private housing “remained stable but subdued”.
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Silbury provides £66.5m loan for Surrey retirement development
Silbury Finance has provided a joint venture between Audley Group and Senior Living Investment Partners (SLIP) with a £66.5m loan to fund a retirement home scheme in Surrey.
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Dalata to exceed €600m in hotel revenue for 2023
Dalata Hotel Group, the Irish hotel operator with a growing presence in the UK and continental Europe, said it expects hotel revenue for 2023 to exceed €600m (£517m) compared with €516m (£444m) in 2022.
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Knight Frank reports UK hotel profits exceed pre-pandemic levels in most markets
UK hotel profits have exceeded pre-pandemic levels in most UK markets this year despite the challenging macro-economic environment, according to Knight Frank.
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Begbies Traynor acquires SDL Property Auctions
Begbies Traynor Group, the professional services consultancy, has acquired SDL Property Auctions and will integrate it with Eddisons, the group’s property advisory and transactional services division.
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Long Harbour and Rosethorn Capital Partners launch PBSA JV
Specialist real estate investment, development and management firm Long Harbour is expanding into purpose-built student accommodation (PBSA) through a joint venture (JV) with Rosethorn Capital Partners.
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Chris Ward departs Shaftesbury Capital
Shaftesbury Capital’s chief operating officer Chris Ward has decided to step down from his role on the board and will be leaving the company on 22 December. The role will not be replaced on the board.
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Feldberg Capital buys West End office building for ReForm Fund
Feldberg Capital has bought West End office building 8 Bloomsbury Street from an undisclosed institutional investor, as the first purchase for its new ReForm Fund.
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UK bank and finance trade body says mortgage lending set to fall by 8% next year
UK residential mortgage lending is set to fall by 8% next year, according to research from bank and finance trade body UK Finance.
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Goldman Sachs calls for halt on shorting UK property stocks
Goldman Sachs has removed its recommendation to short sell – betting on the declining share price of – UK real estate stocks, in a sign of increasing confidence in the sector, buoyed by increasing house prices.
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Warrington Council facing major loss from Mailbox investment
Warrington Borough Council looks set to lose millions of pounds from a retail, leisure and office investment in Birmingham, adding to debts of £1.8bn facing the local authority.
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DLUHC announces £80m to regenerate brownfield land to build thousands of homes
The Department for Levelling Up, Housing and Communities (DLUHC) has announced the allocation of £80m to regenerate brownfield land and build over 8,000 homes.
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C&W predicts valuations will bottom out in Q3 2024
Cushman & Wakefield (C&W) has predicted “a bottoming out for valuations” around Q3 next year, when it says rate hikes will end and cuts will commence, according to its EMEA Outlook 2024 report.
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UK’s property taxes highest in the developed world, Altus study reveals
The UK has the joint highest rate of property taxes in the developed world, research from commercial real estate firm Altus Group has revealed.
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BlackRock raises €774m for Europe Property Fund VI to capitalise on repricing
BlackRock Private Markets has raised €774m (£662m) in initial commitments from global institutional investors at the first closing of the BlackRock Europe Property Fund VI (EFVI).
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Frasers Group more than doubles property revenues after spending spree
Frasers Group, the company behind Sports Direct and House of Fraser, increased its profits to £310.2m in the six months to 29 October, from £287.2m the year before, boosted by revenue from the acquisition of shopping centres The Mall in Luton and the Overgate centre in Dundee, plus Coventry Arena.
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CBRE promotes Chris Gow to head of debt and structured finance for Europe
Global real estate adviser CBRE has appointed Chris Gow as head of debt and structured finance, Europe, which marks an expansion on his current leadership responsibilities, effective from 1 January 2024.
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Top city lawyer joins Landsec board
Landsec has appointed Moni Mannings as an independent non-executive director and senior independent director designate.
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Vistry launches share buyback programme
Vistry Group has launched a share buyback programme to repurchase up to £55m of 50p shares.
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Landsec unveils new retail operating model
Landsec has unveiled plans to transform its retail operating model, bringing in a number of operations in-house and “evolving” as a retail landlord, Property Week can reveal.