All Finance articles – Page 7
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NewsEVC 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.
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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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News
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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News
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
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Lettings leap at Derwent London
Derwent London has reported a 13% rise in lettings in its results for the full year 2022, after what it called the ”busiest period for portfolio activity” in years.
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Iceland closing six UK stores
Iceland Foods has shut two stores, at Mill Lane, Bromsgrove and Chineham Shopping Centre in Basingstoke, with four more to follow next month.
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Owen to replace Hubbard as Workspace chair
Stephen Hubbard is stepping down as chair of Workspace Group’s board and nominations committee, with non-executive director Duncan Owen stepping into the roles from 6 July.
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Octopus Investments appoints Davis as chief executive
Octopus Investments has appointed Benjamin Davis as chief executive to lead its retail and institutional fund management business.
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Declining property profits impact Travis Perkins
Travis Perkins reported a 16.4% decline in adjusted operating profit to £295m, which it said was impacted principally by lower year-on-year property profits and a £15m charge related to restructuring activities in Q4.
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News
Aussie firm Recharge Industries buys gigafactory company Britishvolt
Australian firm Recharge Industries has completed its purchase of Britishvolt, the financially troubled car battery start-up behind plans for a £3.8bn UK ‘gigafactory’.
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Gravity secures £30m in funding from Sculptor Real Estate
Active entertainment brand Gravity has secured up to £30m in funding from Sculptor Real Estate to deliver its growth plans.
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News
BNP Paribas highlights urgent need to upgrade stock as new EPC rules loom
Up to 8% of inner London commercial stock could be unlawful for new lettings and unlawful to let from April 2023 because it does not meet Minimum Energy Efficiency Standards (MEES), according to BNP Paribas Real Estate analysis of government data.
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News
UK investment property values down a further 0.7% January
UK investment property values fell a further 0.7% in January 2023, according to MSCI’s IPD UK Monthly Property Index.
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News
NAV dips at Irish Residential Properties REIT but operations remain strong
Irish Residential Properties REIT (I-RES) has reported a 3.8% fall in net asset value (NAV) to €847.4m (£736.4m) in its annual results for the 2022 calendar year.
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