Property companies

The latest finance news for property companies including results and updates

Finance news on propcos

David Atkins of Hammerson

Aggressive US hedge fund takes aim at Hammerson

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American vulture hedge fund Elliott has revealed it has snapped up a 1.5% stake in Hammerson, sparking speculation its founder Paul Singer is seeking a shake-up in the board’s strategy and management.

78 92 great portland street

GPE sells West End scheme to M&G for £50m

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Great Portland Estates (GPE) has sold its mixed-use scheme at 78-92 Great Portland Street and 15-19 Riding House Street to M&G Real Estate for £49.6m.

Workspace centro1

Workspace buys final two Centro buildings in Camden

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Workspace Group has paid £76.5m for Centro 1 and 2, completing its acquisition of all seven Centro buildings in Camden, London.

Capita

Capita launches £701m rights issue

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Troubled outsourcing group Capita has launched a heavily discounted £701m rights issue in an effort to repair its balance sheet.

Christian ulbrich

JLL boss Ulbrich sees pay leap 53% to $9m despite shareholder rebellion

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JLL chief executive Christian Ulbrich’s total pay package rockets 53% to more than $9m (£6.4m) in 2017, as the firm outlines a raft of changes to its executive pay policy following last year’s shareholder rebellion.

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