All Finance articles – Page 6
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OnlineTwo Home REIT tenants fall into administration
Two of Home REIT’s major tenants have gone into administration, piling further trouble on the under-fire social housing group.
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Online
Lewisham Affordable BTR scheme forward sold to CBRE fund
Watkin Jones has forward sold of an affordable scheme in Lewisham to CBRE UK Affordable Housing Fund (AHF).
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Online
LondonMetric sells seven assets for £33.9m
LondonMetric has sold seven long income assets for £33.9m, reflecting a return of 10%.
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Online
Capco and Shaftesbury complete £3.5bn merger, become Shaftesbury Capital
Capital and Counties and Shaftesbury have completed their £3.5bn all-share merger to formed a new company that will dominate the Soho and Covent Garden area of central London.
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Online
Alternative Income REIT’s NAV falls 12.5%
Alternative Income REIT’s net asset value (NAV) fell 12.5% in the first six months of its financial year, but the firm has assured investors that dividend payments will not be affected.
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Online
LXi agrees £150m of new lending
LXi REIT has agreed a £150m loan and an extension to its existing £60m HSBC facility as part of its refinancing strategy.
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News
Barings 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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News
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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News
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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News
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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News
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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News
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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News
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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News
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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News
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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News
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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News
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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News
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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News
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.
