Finance news on propcos
Custodian REIT profit rises but NAV and dividend fall
Custodian REIT has been hit by a fall in net asset value during the pandemic-hit year to the end of March, but benefited from a rise in profit.
Bellway figures show strong recovery from Covid
Housebuilder Bellway has issued a positive trading update with figures recovering to pre-pandemic levels.
Oaknorth lends £50m to Brigid for retirement assets
Oaknorth Bank has provided a £50m loan to Brigid Investments to support the acquisition of approximately 250 newly built and fully occupied rental retirement properties across the UK.
CBRE appoints former Blackrock director as consultant
CBRE has appointed Marcus Sperber, the former head of global real estate at Blackrock, as a consultant.
Sirius raises €350m from debut bond
German business parks group Sirius Real Estate has placed its debut corporate bond, raising €350m (£300m) to refinance existing debt and help fund its pipeline of acquisitions.
