David Parsley
David Parsley is contributing editor on Property Week, specialising in finance and general news. His career has included being founding editor of City AM, markets editor on The Sunday Times and business editor on the Sunday Express. He began his career as news editor on Property Week in 1994.
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OakNorth Bank completes £25m loan to property lending firm
Property lending firm Blue Shield Capital has secured the money to bolster its bridging loan business.
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NAV dips at AEW UK REIT amid ‘fragile economic backdrop’
The group’s portfolio value edged up 0.41% in Q1 2024.
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Unite sells six student schemes to PGIM for £184m
The properties in Birmingham, Cardiff, Leicester, Liverpool, Nottingham and Sheffield are older than Unite’s portfolio average.
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Investec provides Realstar with £22m loan for Manchester multi-family scheme
UNCLE Manchester comprises studio and one-bedroom apartments in a grade II-listed former warehouse built in about 1914.
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Carmichael Homes secures £11.6m funding from Downing
Downing Property Finance has provided financing for The Fieldings in East Kilbride and a project in Roslynlee.
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Zenzic Capital grows property lending team with two hires
Lender appoints development finance vice-president and credit analyst in London to unlock new lending opportunities.
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Target Healthcare toasts “attractive returns” as NTA rises 2.2%
The company reported a portfolio of 98 assets let to 33 tenants, valued at £934.8m, at the end of Q1 2024.
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Hutchings quits CapReg to take up CEO role at Workspace
The CapReg chief executive will replace Graham Clemett at the flexible office group.
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Home REIT continues sell-off as if faces FCA investigation
Trading in shares of the REIT has been suspended since January 2023 after a damning short-seller report from Viceroy Research.
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IWG confident of hitting full-year profit forecast
The trading update follows rumours that the London-listed firm has been weighing up a move to the US.
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House prices expected to ‘rise modestly’ over 2024, Halifax reports
Property values were up 1.1% year-on-year in April, with the average UK house price standing at £288,949.
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Industry heavyweights Hyman and Hopkins target £500m listing for new investment group
Industry veterans including Primary Health Properties founder Harry Hyman and former Workspace head Jamie Hopkins launch venture.
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Cain International reveals merger with Blackbrook Capital
The merged group of Cain International and Blackbrook Capital will bring the firms’ combined assets under management to over $17bn (£13.6bn).
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SGS completes shopping centre £445m refinancing with Lloyds
SGS owns the former intu centres in Lakeside in Essex, Atria Watford, Victoria Centre in Nottingham and Braehead near Glasgow.
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Irish housebuilder Glenveagh’s forward order book rises to €963m
Irish housebuilder Glenveagh Properties has issued a robust trading update ahead of its annual general meeting on Thursday.
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Custodian produces solid final quarter figures
The group also revealed a 9% increase in its target dividend from 5.5p to 6p.
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US capital swoops into UK commercial property with 64% year-on-year growth
London recorded its highest share versus the rest of the UK in almost a decade, new research has found.
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Springfield signs £10m affordable housing contract with Scottish council
The contract is part of the Moray Growth Deal, designed to boost economic performance of the north-east Scottish region.
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Investec promotes Goolab as head of private client real estate lending
She will lead a shift towards targeting more lending in the living sector.
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Grosvenor reports fall in asset values and profits for 2023
Pre-tax profit at Grosvenor fell by £11.2m, driven by losses in its international business.