Finance news on propcos
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.
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 Group has paid £76.5m for Centro 1 and 2, completing its acquisition of all seven Centro buildings in Camden, London.
Troubled outsourcing group Capita has launched a heavily discounted £701m rights issue in an effort to repair its balance sheet.
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.