All Finance articles – Page 8
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NewsMJ Gleeson’s profits slump amid market slowdown
Housebuilder MJ Gleeson has reported a 1.4% fall in revenue to £171m for the half-year to 31 December 2022, after the economic slowdown hit housing sales.
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Redevco and SFP enter UK BTR sector
Redevco and SFP Group have formed a joint venture agreement to invest in the UK Build to Rent (BTR) real estate market over the next two years.
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Civitas agrees £71m lending deal
Civitas Social Housing has secured a new five-year term debt facility of £70.875m with a European bank.
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Home REIT receives offer to buy group as it reveals ‘serious deterioration’ in rent collections
Troubled social housing group Home REIT has told investors that it may put the company up for sale following a report into its portfolio showed a “serious deterioration in rent collections”.
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Build-to-rent one of the most in-demand property sectors
Savills survey reveals demand for rental homes is driving investment in BTR, which reached £4.3bn last year
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Savills raises £45m from best February auction in five years
Auction house puts 139 residential and commercial lots under the hammer, achieving 70% success rate
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UK construction output value reaches record £204bn in 2022
Total UK construction output value reached £204bn in 2022, marking the first-time annual construction value has surpassed £200bn, according to the latest data from the Office for National Statistics (ONS), although separate research has shown these figures have been inflated by cost increases.
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Chiswick office space to hit market for £7.5m in BidX1’s next auction
The Garment Building in Chiswick, west London, will go under the hammer with a guide price of £7.5m to £8m at BidX1’s west London office investment auction on 1 March.
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Lendlease puts £114m price tag on cladding repairs
Lendlease has predicted it will have to spend £114m to cover the cost of post-Grenfell UK cladding repairs, but said it would seek to claw back as much of the costs as possible from contractors
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Bywater and Sumitomo Forestry set out aspirations for £1bn joint venture
Sumitomo Forestry, one of Japan’s largest developers, has established a joint venture with British developer Bywater Properties to enter the UK real estate market, focusing on low-carbon property development and refurbishment.
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Housing association pair face enforcement action over ‘serious and recurrent’ breaches
The Regulator of Social Housing (RSH) has issued enforcement notices again two UK housing associations over “serious concerns” about weaknesses in their governance and ability to ensure their long-term viability.
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Brian Welsh departs Round Hill Capital
Brian Welsh has left Round Hill Capital (RHC) where he served as managing director and head of its student accommodation arm, based in London.
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Center Parcs ditches plans for £400m holiday village near Crawley
Center Parcs UK has scrapped plans to build its sixth holiday village near Crawley after environmental concerns were uncovered.
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M7 Capital lends £7.4m to David Samuel Properties
Real estate debt specialist M7 Capital has provided a £7.4m loan, on behalf of its UK debt fund TREC II, to support David Samuel Properties’ acquisition of Bouverie Place shopping centre in Folkestone, Kent.
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Dublin’s Morrison Hotel agrees €42.55m refinancing deal with Leumi UK
Specialist hotel lender Leumi UK has signed a €42.55m (£37.5m) facility deal to refinance the Morrison Hotel, a 145-room Hilton Curio-branded hotel in Dublin city centre.
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Telford Homes agrees £300m funding deal for three BTR schemes in London
Telford Homes and joint venture partners Ridgeback Group and Angelo Gordon have agreed a £300m forward-funding deal to deliver three built-to-rent (BTR) developments across London.
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Regional REIT tenants return to their offices
Regional REIT has told investors that almost all its tenants have returned to their offices over the last year following the recovery from the Covid-19 pandemic.
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Brookfield leverages proptech platform Showhere
Global real estate investor, operator and developer Brookfield has adopted proptech platform Showhere for its Advanced Research Clusters (ARC).
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Life sciences secures £2.45bn investment in golden triangle during 2022
Investment into life sciences real estate exceeded £2.45bn in the ‘golden triangle’ in 2022, according to a report from Cushman & Wakefield.
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BTR market enjoys strong investment in 2022
Build to rent (BTR) remains one of the most in-demand UK real estate sectors, receiving £4.3bn of investment in 2022, according to Savills.
