All Finance articles – Page 4
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NewsBarings Real Estate leases Manchester office to Starling Bank
Barings Real Estate has leased the fifth floor of its Landmark office development in Manchester to Starling Bank.
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LSH reports revenues of £87.8m for 2022
Lambert Smith Hampton (LSH) reported a total income of £87.8m in its financial results for the year ended 31 December 2022, which compares to the previous year’s figure of £95.5m.
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Knight Frank expands its valuation and property asset management teams
Knight Frank Newcastle has appointed Adam Harley to head its valuation department and Emily Horriben to work alongside the property asset management (PAM) team.
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Rightmove’s revenue rises 9%
Rightmove’s revenue has jumped 9% on 2021 to £332.6m, as customers continued to upgrade their packages and increase their use of digital products, according to the property portal’s full-year results.
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Insight
Credit Suisse’s Robert Rackind on how investors can protect values and capture growth
In recent years, the Covid-19 pandemic, shifting demographics, climate change, geopolitical ruptures and advances in technology have caused a paradigm shift in both the global economy and real estate.
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NAV grows at Capital & Regional as post-pandemic recovery gathers pace
Capital & Regional’s (C&R’s) post-pandemic recovery saw its net asset value (NAV) increase 6.3% to £179.1m from £168.4m in 2021, according to its full year results to 30 December 2022.
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KPMG UK appoints Shields as head of real estate corporate finance
Philip Shields has joined KPMG UK to lead the real estate corporate finance practice, working as part of the corporate finance and debt advisory practices and wider multi-disciplinary real estate division.
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Taylor Wimpey reports 11% profit increase
Housebuilder Taylor Wimpey delivered £923.4m in profit for the year ended 31 December 2022, which marks an increase of 11.4% compared to the year prior.
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NTA drops 19% at Tritax Big Box REIT
Tritax Big Box REIT has posted a 19% decrease in net tangible assets (NTA) for the 12 months ended 31 December.
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Irish resi shortage underpins solid performance by I-RES
Residential specialist has 99.4% occupancy and fast lettings rate as result of Ireland’s undersupply of homes
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EVC secures £165m investment from DSI for EV rollout
UK-based electric vehicle (EV) charging company EVC has secured up to £165m of capital to fund its plans to develop up to 100,000 EV charge points across the UK by 2027.
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Capco reports 14.5% NTA dip in 2022
Capital & Counties Properties (Capco) has reported a 14.5% decrease in its overall EPRA net tangible asset per share (NTA), according to its results for the year ended 31 December 2022.
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Goodstone Living secures £67m debt financing for development in Scotland
Goodstone Living has agreed £67m of debt financing with Natwest for the development of its next generation build-to-rent residential community in Edinburgh.
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Investors capitalising on cooling house prices should act ‘sooner rather than later’
Nationwide’s latest index shows house price growth turned negative in February, falling to its weakest level since 2012, but experts have predicted that this negative trend will not last for long.
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USSIM promotes Turner to head of property as Burnett retires
USS Investment Management’s (USSIM’s) head of property Graham Burnett is retiring on 31 March having worked at the company for over 20 years.
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Strong performance spurs Unite Students to go ahead with developments worth £339m
Unite Students said its strong operational performance for 2022 has given it the confidence to press ahead with £339m of developments.
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Insight
IPSX’s Rupert Snuggs on where liquidity will come from
Where will liquidity come from? That is the big question for real estate in 2023, as investors wrestle with the pressure to refinance loans at higher than anticipated interest rates and face expensive bills to comply with sustainability regulations.
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Revenue rises at Persimmon, sales rates slide
Persimmon’s total group revenue has grown to £3.82bn from £3.61bn the previous year but forward sales are down, the firm said as it announced full-year results for the year ended 31 December 2022.
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Allsop rakes in £55m from sale of 184 lots at its first resi sale of 2023
Allsop raised £55m at its latest residential auction, with 184 lots going under the hammer at the online event on 16 February.
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Million-plus lots help Acuitus raise £13.3m at first 2023 sale
Leading lots included City office/retail property sold for £1.4m and Salford Quays land plot that fetched £1.5m
