All Finance articles – Page 6
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Insight
Peter Bill on Landsec and BL management fees
Landsec and British Land are medium-sized companies at best, respectively employing 385 and 356 direct staff in the year to March 2023. Yet Landsec is in the FTSE 100, British Land not far outside.
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Online
Moorfield strengthens board and origination team
The real estate investment manager has created the new role of executive chairman.
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Online
Supermarket Income REIT secures increase to lending deal
The firm has increased its unsecured finance facility with Sumitomo Mitsui Banking Corporation.
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Online
Rickard becomes MD at Pocket as co-founder moves to chair company
Rickard has more than 20 years of industry experience and has been the developer’s chief financial officer for the past five years.
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Online
Recievers called in to WeWork fund’s last London offices at 51 Eastcheap
The City block is entirely let to the troubled flexible office giant.
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News
Rightmove and three mortgage lenders invest £10m in proptech firm Coadjute
The platform aims to improve the speed, ease and security of buying and selling homes.
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Online
Round Hill Capital sells Nido Living to Canadian pension plan
The firm has offloaded its purpose-built student accommodation business.
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News
HOLD secures £100m backing from CPP to develop London portfolio
City & Provincial Properties is backing expansion of self-storage firm, which plans to open 30 centres by 2030.
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News
Feldberg Capital acquires Covent Garden asset for £75m
The deal is the firm’s second for its £500m central London brown-to-green impact fund.
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Online
House prices dip 0.2% in March but are up year on year, Nationwide finds
Property values rose 1.6% year on year, taking the average UK house price to £261,142.
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Online
Custodian sells Weybridge and Warrington industrial units for £15m
The warehouses were sold for 5.2% and 61% above their December valuations.
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Online
Picton’s City office asset set for resi conversion after £29.6m sale
The commercial property REIT has secured a deal with residential investor QSquare.
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Online
Travelodge to grow new hotel openings after identifying 300 target locations
The budget hotel operator expects openings to return to more normal levels of development as market conditions improve.
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Online
Former Deutsche Bank CRE head Bull joins North Wind Capital
Property banking veteran has become director of the firm’s Luxembourg lending and securitisation vehicle.
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Online
Former LXi director Gumm joins LondonMetric board
New non-executive director previously held senior roles at Nick Leslau’s ventures
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Online
CBRE Investment Management raises €750m for third green bond issue
The fund will allocate net proceeds to green projects.
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News
Life Science REIT agrees record rent deal at Oxford Technology Park
ColdQuanta has agreed to pay double the previous record rent at the Innovation Quarter.
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News
Former Sodexo chief executive joins CBRE
Julie Ennis will be responsible for leading the company’s occupier strategies.
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News
API plans wind down after Custodian merger falls through
API shareholder votes in favour of deal fall short of the 75%-by-value threshold required.
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News
Cala Homes reports fall in profit but maintains sales rate
Profit before tax decreased 34% to £112m in 2023, but the housebuilder delivered robust sales per site per week of 0.63.