All Finance articles – Page 33
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OnlineLXi director John Cartwright dies aged 70
John Cartwright, a non-executive director at LXI REIT, has died at the age of 70.
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OnlineLife Science REIT lets Oxford Technology Park’s Building 6A
Life Science REIT has let Building 6A at Oxford Technology Park (OTP) to Oxford Ionics, an Oxford University spin-off firm and pioneer in quantum computing.
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OnlineCohort agrees £175m refinancing of UK’s most expensive home
Specialist lender Cohort Capital has refinanced a £175m London mansion, once described as the UK’s most expensive home, for a private Middle Eastern bank.
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OnlineSaudi’s PIF buys 49% stake in Rocco Forte Hotels for £590m
Saudi Arabia’s sovereign wealth fund is set to buy a 49% stake in luxury hotel group Rocco Forte Hotels for around £590m, according to a report in the Financial Times.
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OnlineCrystal Palace seeks £45m to kick off football stadium redevelopment
Premier League football club Crystal Palace is seeking to raise £45m to fund the redevelopment of its stadium in south east London, according to a report from Bloomberg.
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OnlineUAE investor Aldar Properties in £230m deal to buy London Square
UAE-based real estate group Aldar Properties has completed the acquisition of UK residential developer London Square.
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NewsPair of island forts up for grabs in Allsop’s largest December auction
Two vacant Victorian island fortresses with potential for conversion into casinos are among 390 properties listed for sale for Allsop’s largest ever December residential auction, taking place online on 14 and 19 December.
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OnlineSt Modwen secures £525m lending deal
RBC Capital Markets has agreed a £525m five-year loan to help fund St Modwen’s development pipeline.
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OnlineNTA falls at LXi REIT as group continues with disposal strategy to reduce debt
The value of net tangible assets (NTA) at LXi REIT fell 5.8% during the group’s half-year to the end of September.
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OnlineLendInvest completes £410m securitisation of UK BTL loans
Lending group LendInvest has completed the group’s fifth and largest securitisation of £410m of its buy-to-let (BTL) mortgage loans in an oversubscribed residential mortgage backed security (RMBS).
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OnlineHines’ European Value Fund 3 raises beats fundraising target
Hines has beaten the €1.5bn (£1.2bn) fundraising goal for its European Value Fund 3 (HEVF 3), having secured €620m (£535m) this year for investment across Europe, taking the total raised since its launch in mid-2022 to over €1.6bn (£1.3bn).
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NewsHousebuilders unlikely to see much volume recovery in 2024, Investec says
Housebuilders are likely to remain cautious until they are confident of a sustained recovery so, even if spring sees a better market, there is unlikely to be much volume recovery in 2024, according to Investec’s sector review.
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OnlineUK to lag European debt market recovery by a year, AEW reports
The UK is set to lag Europe’s recovery in real estate debt markets by a year, according to a report from investment and asset manager AEW.
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NewsPATRIZIA and Man GPM launch £100m affordable housing platform
Real estate investment manager PATRIZIA and Man GPM have jointly launched a £100m residential platform for the UK’s affordable housing sector.
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OnlineCarter Jonas's annual profit slumps 22%
Agency Carter Jonas has posted a 22% fall in profit in its latest set of account, despite a rise in sales.
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OnlineFCA statement outlines rules for sustainable real estate investment products
The Financial Conduct Authority (FCA) has published its new policy statement on Sustainability Disclosure Requirements (SDR) and investment labels, which is set to help real estate fund managers with net zero strategies.
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InsightKnight Frank’s Lisa Attenborough and Josephine Jones ask how debt can work in this ‘new normal’
This time last year, five-year swaps sat just above 3%, with the forward curve predicting they would peak at around 4%. What some initially thought would be a brief spike in rates has now become fully embedded.
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NewsBoots sale back in play as owner offloads £4.8bn of pension obligations to Legal & General
Boots owner Walgreen Boots Alliance has struck a deal to transfer £4.8bn of pension obligations to Legal & General in a move a leading retail expert said reflected “a major boost” for its plans to sell the high-street chemist chain.
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OnlineTritax Big Box REIT sells six assets for £327m
A disposals update from Tritax Big Box REIT has revealed that it has sold six assets so far in its 2023 financial year for £327m, at a blended 4.34% net initial yield.
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OnlineSavills expands global retail offer with Nash Bond acquisition
Savills UK has acquired Nash Bond, a retail agency and lease consultancy business based in central London, to expand its global retail offer to clients.
