All Finance articles – Page 8
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Modular developer Beattie Passive files for administration
The family-run company has said it will stop operations with all staff set to receive full pay.
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Impact Healthcare REIT profits almost triple
Inflation-linked rental growth drove the value of property investments, according to the firm’s annual results.
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Henry Boot ups dividend by 10% as CEO sets out growth ambitions
Profit before tax fell 18%, from £45.6m in 2022 to £37.3m in 2023 results, in line with market expectations.
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Aprirose agrees ground rent acquisition on trio of hotels
The company has acquired the ground rents of Oulton Hall in Leeds, Slaley Hall in Northumberland and Crewe Hall in Cheshire from Lloyds Pension Fund.
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Greystar and Student Roost get go-ahead for Bristol scheme
The development will include mixed-use student accommodation and co-living studios.
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Helical sells City office scheme for £43.5m
The disposal price represents a 6.5% discount to the 30 September 2023 book value.
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Grosvenor to expand residential debt platform with £900m boost
The funding will support housing delivery over the next decade.
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Next slashes annual rent bill by almost £7m as profits hit record £918m
The group renewed 56 leases in the year to January 2024 and cut occupancy cost by nearly a third.
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London councils struggle to spend carbon offset funds, GLA reports
Just 36% of funds collected from developers have been spent to date.
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New River REIT appoints Fordham as non-exec director and chair designate
Former Larchpoint Capital managing partner will succeed chair Baroness Ford, who is stepping down at the end of May.
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British Land hires Next CFO James as non-executive director
Amanda James will take up the role in July and retire from the retailer by September.
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Valor announces investment, development and asset management promotions
London-based pan-European investor makes wave of promotions in the UK and France.
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Supermarket Income REIT pays £34.7m for Stoke Tesco store
The firm purchased the store using revolving credit facility.
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AREF appoints abrdn real estate’s Breen as chair
Breen replaces ougoing chair Adrian Benedict at property funds body.
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BoE decision signals optimism but pressure remains for those servicing debt
The bank’s Monetary Policy Committee (MPC) voted by a majority of 8-1 to maintain the base rate at 5.25%.
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Tritax Big Box REIT agrees merger terms with UKCM
The boards said the combination has “compelling strategic and financial rationale”.
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Aviva Investors expands investment team with three appointments
Firm takes on an associate, analyst and a new director of sustainable investments.
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Get Living agrees £110m with Rothesay on Salford scheme
The build-to-rent operator has secured the facility to refinance its New Maker Yards neighbourhood in Salford, Greater Manchester.
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API board says Custodian merger “best outcome” for shareholders after ULR drops bid
Approving the deal would deliver a premium to the undisturbed share price, the firm said.