Finance news on propcos
Gramercy Europe launches fourth industrial fund after completing MBO
Gramercy Europe is set to launch a fourth logistics and industrial fund, targeting the raising of €400m (£352.5m) of equity.
Galliard launches £500m Birmingham push
Galliard Homes has joined forces with Apsley House Capital with plans for a £500m push into the Birmingham residential market.
Target posts NAV rise
Target Healthcare has posted a 1.9% rise in net asset value (NAV) for the three months to 30 September.
GPE secures £450m credit facility
Great Portland Estates has signed a £450m unsecured revolving credit facility at a headline margin of 92.5 basis points over LIBOR.
Brexit hits high-price home sales at Telford
Telford Homes has warned that Brexit has hit house sales, with buyers taking a “wait and see” approach ahead of the UK’s departure from the EU.
