All articles by Guy Montague-Jones – Page 16
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Online
WeWork reveals full scale of ambitions in IPO prospectus
The We Company revealed the full scale of its global ambitions for WeWork in a prospectus filed on Wednesday ahead of its planned initial public offering (IPO).
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Urban Exposure hires former Lloyds banker in senior role
Urban Exposure has hired Graeme Alfille-Cook, the former head of the developers team at Lloyds Bank, as chief strategy officer.
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South African REIT buys Puma-let warehouse for £30.7m
Barwood Capital, in joint venture with British Airways Pension Trustees, has sold a distribution centre to a South African REIT for £30.7m after it secured a new lease to sportswear company Puma.
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IWG in talks to buy The Clubhouse
Regus owner IWG is in advanced talks to acquire London flexible working firm The Clubhouse after the business filed for administration.
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Tritax Big Box reports slower growth
Tritax Big Box has reported a slowdown in NAV and rental growth in half-year results.
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Falling transaction volumes and accounting changes hit Savills profits
Savills has reported a 9% fall in underlying profit before tax caused by the implementation of new accountancy rules and the slowdown in transactional volumes in the UK and a number of overseas markets.
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Assura raises £107m in debt via private placement
Healthcare REIT Assura has raised £107m of debt through the issue of privately placed notes with a weighted average interest rate of 2.3%.
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Derwent sells Buckley Building for £103m as NAV and rents edge up
Derwent London has announced the sale of The Buckley Building for £103m alongside half-year results that show steady growth in NAV and rents.
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Cortland buys LIV Group
US-based build-to-rent specialist Cortland has acquired LIV Group as part of its drive to grow its business in the UK.
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US REIT executives charged with accounting fraud
Two top executives at a US REIT that owns more than 400 shopping centres have been charged with accounting fraud.
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CBRE chief exec quizzed on Telford deal in earnings call
CBRE chief executive Bob Sulentic revealed some of the thinking behind the company’s acquisition of Telford Homes and gave his thoughts on the impact of Brexit on the UK market, in an earnings call yesterday.
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News
Developers confident in new Bishopsgate Goodsyard plans
JV owners believe they have done enough – but questions remain over what Hammerson will do with its stake
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Link directors set up debt advisory firm
Two directors from the real estate debt advisory team at Link Asset Services have teamed up to launch a new firm.
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Riverstone bags £300m retirement living scheme in record deal
Acquisition of the Kensington scheme, which has a GDV of £300m, is believed to be sector’s biggest-ever deal
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Palace confirms REIT conversion and signs key letting at leisure scheme
Palace Capital has confirmed its conversion to a REIT and announced a key letting at its Sol Northampton leisure scheme.
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Hibernia appoints new chief investment officer
Hibernia REIT has promoted Edwina Governey to chief investment officer.
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UK REIT shares tumble after intu results
Shares in the UK’s biggest REITs took a tumble yesterday after weak interim results from intu sparked a sell-off.
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Henderson Park in pole position to acquire Green REIT
Henderson Park has entered into exclusive talks to acquire Green REIT three months after the Irish property company put itself up for sale.
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LSH revenue and profit hit by investment market slowdown
Lambert Smith Hampton has been hit by a 9% fall in revenue in the first half of the year, driven by the slowdown in the UK investment market.
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BlackRock raises $780m in first close of European fund
BlackRock Real Assets has raised $780m (£632m) in the first close for BlackRock Europe Property Fund V (EFV) – more than half the total fundraising target of $1.4bn.