All Finance articles – Page 32
-
News
Morrisons and M&S broke land use laws to block rival supermarket stores, CMA rules
Marks & Spencer and Morrisons have been reprimanded by the competition regulator for breaking land use laws to block rival supermarkets from opening nearby stores.
-
News
Four developers receive loans totalling more than £250m to support delivery of 1,500 new homes
Four housing developers have secured 10-year loans totalling £256.5m through the government’s Affordable Homes Guarantee (AHGS) scheme to support the delivery of around 1,500 new homes.
-
News
DTZ Investors completes £110m refinancing for three co-living assets
DTZ Investors Co-Living Fund (COLIV) has completed a £110m refinance of its Folk Co-living portfolio with SMBC Bank International.
-
News
Berkeley posts 4.6% profit rise but holds off investing in new schemes
Housebuilder Berkeley Group has posted a 4.6% rise in pre-tax profit for the six months to the end of October, but said it would hold off investing in new development until the market improved.
-
News
Invesco secures £200m BTR loan with HSBC
Invesco Real Estate has secured a £200m loan with HSBC UK to support two stabilised residential build-to-rent (BTR) assets in east and west London.
-
News
Divergence in performance across property types ‘likely to persist in 2024’, CBRE says
Divergence in performance across property types is likely to persist in 2024 and obsolescence, particularly of older office and retail assets, will be a key challenge for the UK real estate market next year, according to CBRE’s UK Real Estate Market Outlook 2024.
-
News
MDM and Hana secure £90m refinancing for West Midlands retail park
MDM Asset Management and Hana Securities have secured a £90m refinancing deal for Gallagher Shopping Park in Wednesbury in the West Midlands.
-
News
PIC lends £30m to Medway Housing Association
Pension Insurance Corporation (PIC), a specialist insurer of defined benefit pension schemes, has made a second private placement investment of £30m in secured debt issued by Heart of Medway Housing Association.
-
News
Puma to fund £13m for intergenerational development in Manchester
Puma Property Finance has provided a facility of around £13m to fund McGoff Group’s development of a 51-bed care home and a children’s day nursery in Bowdon, South Manchester.
-
News
Locale snaps up real estate events firm
Leading occupier experience platform Locale has bought real estate events agency Evergreen Reputation to strengthen its experiential offering.
-
Online
Close Brothers’ property CEO to retire
Frank Pennal is set to retire as chief executive of Close Brothers’ Property business after almost two decades at the helm.
-
Online
NAV falls but earnings leap at Schroder European REIT
Schroder European Real Estate Investment Trust’s net asset value (NAV) fell 9% in the six months to the end of September, reflecting “the impact challenging economic and geo-political risks have had on asset valuations”, the company said.
-
Online
NAV dips at Custodian
Custodian Property Income REIT’s net asset value (NAV) dipped 3.4% during the six months to the end of September.
-
Online
Cluttons partners orchestrate management buyout
Cluttons partners have completed a buyout of the famous real estate brokerage supported by private equity firm Treun Capital.
-
Insight
The business of banking: why choosing the right bank can make all the difference to your property business
According to the Competition and Markets Authority, 85% of SMEs bank with either Barclays, Lloyds, HSBC, NatWest and Santander.
-
Online
Adlington Retirement Living secures £75m funding to spur growth
Adlington Retirement Living has secured a £75m development facility from NatWest and Homes England that will be used to accelerate the growth of the group’s investment pipeline across England, Property Week can reveal.
-
Online
Shaftesbury secures £300m refinancing loan
Shaftesbury Capital has secured a £300m unsecured loan with an initial maturity of three years.
-
Online
Tritax EuroBox reports NAV decrease
Net asset value (NAV) at Tritax EuroBox slumped 25% in the year to the end of September as yields moved out across the property sector.
-
Online
NAV slumps at ReSI as the retirement living group swings to a loss
Residential Secure Income REIT (ReSI) has posted a 16.2% fall in net asset value (NAV) for the year to the end of September.
-
Online
Valor completes £101m loan on London urban logistics assets
Valor Real Estate Partners has secured a five-year £101m loan from Canada Life Asset Management.