All articles by Guy Montague-Jones – Page 24
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Online
UBS warns top REITs are heavily exposed to failing retailers
About 20% of the floor space in the 50 shopping centres owned by Landsec, British Land, Hammerson and intu is let to retailers that are shrinking or have entered administration or company voluntary arrangements (CVAs) in recent years, according to research by analysts at UBS.
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News
Long-income property woes are ‘wake-up call‘ for investors
Potential winding up of AEWL after tenant’s collapse may deter other long-income REITs from coming to market
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News
Neil Woodford offloads NewRiver REIT stake worth £45m to Invesco
Star fund manager Neil Woodford has sold a stake in retail property company NewRiver REIT worth about £45m.
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Online
Tesco to regain full ownership of £666m portfolio
Tesco is set to complete a deal that will bring a portfolio of 15 stores and two distribution centres worth £666m back into full ownership.
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News
DAMAC secures £175m debt deal for Nine Elms resi tower
DAMAC International has secured a £175m development financing package for DAMAC Tower, its luxury residential development in Nine Elms.
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Online
Schroders to take over as manager of Ground Rents Income Fund
Schroders is set to take over from Brooks Macdonald as the fund manager of the listed Ground Rents Income Fund.
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News
Listed housebuilder shares leap 18% in Q1
Outperformance attributed to improved market outlook and high dividend yields
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News
Property giants make little progress on gender pay gap
Women in Property chair Mandy St John Davey ‘underwhelmed’ by industry efforts to tackle pay disparity.
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News
Gresham House backs new BTR venture Rise Homes
BTR developer already has schemes under way in Manchester and Stockport.
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Online
Warehouse REIT raises £76.5m for acquisition push
Warehouse REIT has raised £76.48m through the issue of new shares – less than the £100m it was targeting.
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Insight
Retailers misjudge landlords’ resolve
And so it continues. As we reveal this week, William Hill has written to landlords demanding 50% rent cuts.
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News
Retail-heavy funds could get a rude awakening if woes persist
Funds have sold attractive assets to keep their prices up, leaving loyal investors overexposed to retail
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Online
David Church leaves HFF
Top real estate banker David Church has decided to leave HFF following the announcement that JLL had agreed to acquire the firm, Property Week can reveal.
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Online
Arcadia draws up list of potential store closures
Philip Green’s Arcadia Group has drawn up a list of stores that it plans to close.
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Online
Derwent London's Brunel Building fully pre-let
Derwent London’s Brunel Building in Paddington is now fully let after the developer pre-let the final three floors to Splunk Services.
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Online
Cromwell in takeover talks with RDI
Australian investment giant Cromwell Property Group is in takeover talks with the UK’s RDI REIT, both sides have confirmed this morning.
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Online
Next slashes rent bill and models further sharp falls in retail rents
Next has reported that it achieved rent reductions on renewal of 29% last year and has modelled its future financial performance on the basis of dramatic falls in market rents through to 2034.
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News
Ex-Persimmon chief executive received £82m under incentive scheme
The former chief executive of Persimmon, Jeff Fairburn, received £81.6m in the space of two years under the company’s controversial long-term incentive scheme.
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Online
L&G to fund development of luxury hotel in Cardiff
Legal General has agreed to fund the restoration of the old Post Office building in Cardiff into a luxury hotel in partnership with Welsh Rugby Union and Rightacres Property.
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Online
Kennedy Wilson Europe names new head of UK business
Kennedy Wilson Europe has named Mike Pegler as head of its UK business, a newly created role with overall responsibility for all UK acquisitions and asset management.