All articles by Frances Ivens – Page 19
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News
RDI completes £26m distribution forward funding agreement
RDI REIT has completed a £26m forward funding agreement to acquire two distribution units in Bicester totalling 288,000 sq ft as well as selling the Lochside office in Edinburgh for £13.1m.
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Cluttons hires GL Hearn's investment director
Cluttons has hired Andrew Mitchell, investment director at GL Hearn, part of the Capita Group, as a partner in its national investment team.
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Societe Generale and DWS close £280m Kensington hotel refinancing
Societe Generale Corporate Investment Banking and DWS have closed the £280m refinancing of the Holiday Inn Kensington Forum, London.
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LTVs on London offices up as UK cost of debt rises
Loan to value ratios (LTV) of senior debt on city offices in London has risen to 60% in Q2 2018 from 55% in the same period last year, according to CBRE’s European debt map.
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Barclays and Homes England launch £1bn housing fund
Barclays has joined forces with the government’s national housing agency Homes England to provide £1bn of finance for the development of new homes.
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Grosvenor agrees £250m private placement
Grosvenor Britain Ireland has agreed terms to raise £250m in an oversubscribed private placement.
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GCP portfolio value rises 23%
GCP Student Living has seen a 23% increase in its portfolio value to £784.4m from £634.6m over the last financial year, generating a total rental income of £38.5m.
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Cushman reports 16% revenue rise for Q2
Cushman Wakefield has reported a 16% revenue rise for the second quarter to $2bn (£1.5bn), with fee revenue up 11% to $1.4bn
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Bovis Home reports 1% revenue growth in half year results
Bovis Home Group has reported a 1% increase in revenue to £432.2m for the first half of 2018.
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CREFC Europe announces board appointments
CREFC Europe has appointed Aviva Investors’ Barry Fowler as chair, succeeding Dale Lattanzio of DRC Capital.
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Squarestone agrees £125m loan facility
Investment fund Squarestone has agreed a £125m syndicated loan facility with Royal Bank of Scotland and Barclay to fund its Squarestone Growth strategy.
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Standard Life buys Grosvenor House for £68.8m
Aberdeen Standard Investments’ Standard Life Pooled Property Pension Fund has acquired Grosvenor House, a student accommodation block on Covent Garden’s Drury Lane.
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Dalata reports 10.6% revenue growth in half year results
Dalata Hotel Group has reported a 10.6% rise in revenue to €180.6m (£162.9m) for the first half of the year, compared to the same period in 2017.
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Revenue rise as Dalata targets UK growth
Dalata Hotel Group has reported a 10.6% rise in revenue to €180.6m (£162.9m) for the first half of the year, compared to the same period in 2017.
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Online
IM Properties to spec build mega Midlands warehouse
IM Properties is to speculatively build a new 532,000 sq ft big box warehouse unit at Hinckley Park, adjacent to the M69.
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BE Offices completes first phase of refurbishment programme
BE Offices has completed the first phase of its multi-million pound portfolio investment scheme, as occupancy levels in its refurbished offices hit 85%.
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ReSI appoints new chief finance officer
Residential Secure Income’s investment manager parent company TradeRisks has appointed Richard Stubbs as chief financial officer with responsibility for financial strategy and operations.
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Moodys removes WeWork bond rating
Moodys has withdrawn its credit rating of WeWork’s bonds, issued in April, citing ‘insufficient or otherwise inadequate information to support maintenance of the ratings’.
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Tristan Capital Partners to raise €1.5bn for new fund
Tristan Capital Partners, the European real estate focused private equity fund manager, is aiming to raise €1.5bn (£1.35bn) for a new fund.
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Meyer Bergman enters last mile logistics with senior hire
Private equity real estate manager Meyer Bergman has added to its senior management team as it widens its investment strategy to include ‘last mile logistics’.