Finance news on propcos
Redding quits Segro amid management overhaul
Segro’s chief investment officer Phil Redding is leaving after 25 years amid a senior management overhaul at the industrial and logistics giant.
Branch closures hit LSL sales, but profit ahead of forecasts
LSL Property Services has revealed it expects the group’s underlying operating profit for 2019 to come in “slightly ahead” of expectations, despite a 4% drop in revenue.
Profit plummets 25% at McCarthy & Stone
Annual profit at retirement home developer and manager McCarthy & Stone has slumped 25%, despite an 8% rise in revenue.
Intu sells Spanish shopping centre for €290m
Shopping centre giant Intu and its joint venture partner the Canada Pension Plan Investment Board have sold its Asturias mall in Spain, to the ECE European Prime Shopping Centre Fund II for €290m (£245m).
Cabot Square plots £200m float
Cabot Square Alternatives (ALTS) is targeting a £200m listing on the London Stock Exchange, claiming it will provide a new model for investors to access the sector.
