All articles by Guy Montague-Jones – Page 17
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Online
Some zero rent House of Fraser stores are still unprofitable
Sports Direct has warned of further House of Fraser store closures as some are still unprofitable even though the rent has been cut to zero.
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Online
Fitch downgrades rating on intu Metrocentre debt
Fitch has downgraded its rating for the securitisation of a £485m interest-only loan secured by Intu Metrocentre from ‘stable’ to ‘negative’.
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Online
Mothercare considers options for UK stores as sales continue to plunge
Mothercare is considering franchising out its UK store operations as it battles for survival amid falling sales.
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Insight
Driving M&G forward: interview with Tony Brown
M G Real Estate chief executive Tony Brown outlines his growth plans and explains why he has taken a hard line against CVAs.
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News
Martin’s Properties builds up war chest with £30m Canada Life loan
Chelsea landlord Martin’s Properties has boosted its firepower with a £30m financing deal struck with Canada Life Investments.
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News
Pearl eyes opportunities after £240m refinancing
Industry veteran David Pearl says he will ‘hope for best but prepare for worst’
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Online
Affordable housing increased to 50% in revised Bishopsgate Goodsyard plans
Hammerson and Ballymore have increased the portion of affordable housing to 50% for the Bishopsgate Goodsyard site in revised proposals submitted to the Greater London Authority (GLA).
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Online
NewRiver signs deal to asset manage Areli’s Nicholsons centre
NewRiver has signed a deal with Rob Tincknell’s Areli Real Estate to asset manage the Nicholsons Shopping Centre in Maidenhead.
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Online
New deadline for Property Week Management All-Stars
The entry deadline for the Property Week Management All-Stars has been extended by one week to 2 August.
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Online
L&G’s retirement living business starts offering homes for rent
Legal General’s retirement living business Inspired Villages has started offering homes for rent.
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Online
Big German investor makes UK debut with West End resi project
German real estate investor ECE has entered into a joint venture with Art-Invest Real Estate UK for the development of a £190m residential project in London’s West End.
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Online
Robert Jenrick and Ester McVey take top housing posts
Robert Jenrick has been named as the new secretary of state for housing, communities and local government and Ester McVey is taking over from Kit Malthouse as the new housing minister.
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Online
Primary Health Properties delivers strong earnings growth
Primary Health Properties has reported 12% growth in EPRA earnings per share in interim results – its first since the merger with MedicX in March.
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Online
Capco pulls trigger on demerger plan
Capital Counties has revealed its long-awaited plans to demerge the company – splitting its Covent Garden estate and Earls Court holdings.
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News
Industry braces itself for Boris
Leading industry figures fear new Conservative party leader Boris Johnson will fail to deliver on his property-friendly agenda – as he kicks off his premiership with a cabinet reshuffle branded “a summer’s day massacre” by one Tory MP.
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News
InfraRed embarks on £200m industrial push
Fund manager buys multi-let industrial estate in south-east London for £20m
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Online
Sir Ed Lister primed for top job with Boris Johnson
Homes England chairman Sir Edward Lister has reportedly been drafted in to be Boris Johnson’s chief of staff following his election as Tory party leader.
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Online
UK shopping centre owner warns investors value unlikely to be realised from shares
New Frontier Properties, the South-African listed property company that breached its debt covenants last year after the value of its UK shopping centres slumped, has warned shareholders that it is unlikely they will realise any value from their investments and that is therefore actively pursuing a delisting.
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Online
Moises Gertner loses High Court battle
Former property tycoon Moises Gertner has lost a High Court battle to avoid backruptcy.
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Online
Blackstone raises $8.4bn in first close for European fund
Blackstone has held an $8.4bn first close for its latest European property fund – Blackstone Real Estate Partners Europe VI.