All Finance articles – Page 9
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OnlineWeWork postpones IPO as it fails to gain investor support
WeWork has postponed plans for a listing this autumn after failing to attract enough support for the multi-billion IPO from investors.
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Springfield posts strong annual results
Scottish housebuilder Springfield Properties has posted a 69% leap in profit off the back off a 36% increase in revenue for the year to the end of May.
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New CMBS secured against intu Derby
Deutsche Bank has launched a new £114m CMBS of a senior loan secured against intu Derby.
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Battersea Power Station secures £600m financing for third phase
Battersea Power Station has completed the financing of the third phase of the development, with a £600m loan from a group of core lenders.
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Blackstone agrees $4.5bn Dream deal
Blackstone has agreed to buy Dream Global REIT in a $4.7bn deal – less than a week after the US private equity firm raised $20.5bn for its latest real estate fund.
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St Modwen appoints former CBRE director to board
St Modwen Properties has appointed former CBRE director Sarah Whitney as a non-executive board member.
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Springfield strengthens board
Scottish housebuilder Springfield Properties has appointed Colin Kenneth Rae as a non-executive director.
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NAV at REI dips, but revenue rises
Midlands-focused property group Real Estate Investors (REI) has posted a slight dip in net asset value (NAV) and a sharp decline in profit in its half-year results.
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Investec pumps £13.3m into Atlas Farringdon scheme
Investec Structured Property Finance has agreed supported Atlas Property with a £13.3m loan for the acquisition and speculative redevelopment of Signet House in Farringdon, London.
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CapReg in takeover talks with South Africa’s largest REIT
Capital Regional is in takeover talks with South Africa’s largest REIT.
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Softbank urges WeWork to shelve IPO as potential value plummets
SoftBank, the biggest external shareholder in WeWork, has urged the lossmaking flexible office giant to shelve its hotly anticipated New York listing after it received a cool reception from investors, according to The Financial Times .
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Tritax rebrands DBS
Tritax Big Box REIT has rebranded its dedicated logistics developer db symmetry (DBS) as Tritax Symmetry.
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Bovis and Galliford renew £1bn talks to merge housing arms
Bovis and Galliford Try have renewed £1bn talks to merge the pair’s housing arm, just four months after Galliford rejected a similar offer.
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Atlas Residential earmarks £121m for UK build-to-rent in anticipation of “sector distress”
Global investor and developer Atlas Residential plans to exploit “sector distress” and the exit of “inexperienced” UK build-to-rent operators from underperforming assets, by pumping $150m (£121m) into the sector.
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Chancerygate and JR Capital industrial fund buys first sites
JR Capital and Chancerygate’s joint £100m industrial fund has deployed its first £10.5m with the acquisition of two sites.
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Investec funds US giant’s UK student debut
Investec Structured Property Finance has agreed a £64m loan to fund American group’s CA Ventures UK student accommodation debut.
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Orion tipped for takeover bid for Intu
Orion Capital Managers is considering a takeover bid for the UK’s largest shopping centre group Intu, according to The Sunday Times .
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FIA strikes deal with rental platform flatfair
The Federation of Independent Agents (FIA) has struck an exclusive deal with deposit-free renting platform flatfair that will see flatfair provide its deposit replacement product to FIA’s network of estate agents at preferential rates, helping them to compete with larger agents.
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Supermarket Income REIT bucks retail downturn with leap in profits
Supermarket Income REIT has reported a massive leap in pre-tax profit for 2018-19, after adding two new supermarkets to the portfolio for a combined £96.7m during the financial year.
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LBS refinances trio of London offices with BentallGreenOak
The £70m deal refinances one scheme in Angel and two developments just off Old Street roundabout
