All articles by Madeleine Knight – Page 10
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News
Housing provider operating margins drop 30% over five years
Housing provider operating margins have dropped 30% to 18.5% over the past five years, while the return of capital has fallen by a third to a median of 2.8%, according to Housemark’s new report.
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News
Northern Ireland commercial property investment highest since 2015
Investment in Northern Ireland’s commercial property investment sector reached £338m last year – the highest volume since 2015 – according to CBRE NI.
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News
Select Property secures £44.5m development finance from Close Brothers
Developer, operator and investment specialist Select Property has secured a £44.5m development finance facility from Close Brothers to bring forward its first Affinity Living build-to-rent development in Birmingham.
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News
House prices fell 1.8% in 2023 amid ‘weak’ market activity, with rapid rebound ‘unlikely’
UK house prices ended 2023 down 1.8% compared with December 2022, leaving them almost 4.5% below the all-time high recorded in late summer 2022, according to Nationwide’s house price index.
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Insight
New regulator guidance to help protect open-ended funds investing in property
The Financial Stability Board (FSB) and the International Organisation of Securities Commissions (IOSCO) have published tougher rules for managers of open-ended investment funds in a bid to protect financial stability and improve investor protection.
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News
Fiera and Cubex agree £9.4m development facility with Alpha Property Lending
Fiera Real Estate UK and Cubex have agreed a £9.4m development facility with Alpha Property Lending to part-fund the construction of its grade-A 94,000 sq ft logistics scheme, Swindon Trade Park.
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Online
Oxford Properties’ Joanne McNamara joins board of ESR Group
Joanne McNamara, executive vice-president at Oxford Properties Group, has been appointed as a non-executive director of ESR Group, effective 1 January.
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Online
Scottish Budget brings little cheer for hospitality or housing
Scottish property experts said yesterday’s Scottish Budget provided little help to support struggling retail and hospitality businesses or to address the housing crisis north of the border.
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Online
Commercial real estate investment to hit £50bn in 2024, Colliers predicts
The UK commercial real estate market could see transaction volumes of £50bn in 2024, significantly up on the circa £40bn recorded in 2023, Colliers has predicted.
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Online
Less default distress than expected in 2023
The last 12 months were characterised by uncertainty but lenders’ willingness to accept short-term solutions helped borrowers.
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News
Big Yellow completes refinancing of revolving credit facility
Self-storage giant Big Yellow has completed the refinancing of its revolving credit facility and has put in place a new £300m ESG-linked facility for an initial term of three years.
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News
Northern Powerhouse cities top targets for overseas property investors in 2023
Northern Powerhouse cities have been the top choices for overseas investors in 2023, with 42% of enquiries from overseas investors expressing an interest in buy-to-let opportunities in Manchester and Sheffield, according to property investment company IP Global.
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News
Middle Eastern investor interest soars in offices, BNP Paribas finds
Middle Eastern investment in central London offices is the busiest it has been since pre-pandemic levels, according to BNP Paribas Real Estate (BNP PRE) research, with prime West End locations the ‘hottest’ in terms of pricing.
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News
Alternative Income REIT acquires Virgin Active leisure club in London
Alternative Income REIT, which owns a diversified portfolio of UK commercial property assets predominantly let on long leases with index-linked rent reviews, has acquired a Virgin Active leisure club for £5.1m.
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Online
BNP Paribas REIM acquires 25 Victoria Street offices for £42.5m
BNP Paribas Real Estate Investment Management (REIM) has acquired 25 Victoria Street, a grade-A building in central London, for £42.5m, marking the first UK acquisition of its European Impact Property Fund (EIPF).
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News
Pocket Living sells two rental assets for a total of £70m
Affordable housing developer Pocket Living has sold two rental assets in London, worth a combined £70m, which provide 257 homes, the majority for discounted rent.
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News
Halifax predicts house prices to fall in 2024
House prices are predicted to fall by between 2% and 4% in 2024, as broader economic challenges and mild downward pressure on house prices look set to continue, according to Halifax.
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News
Fiera Real Estate and Wrenbridge to develop £25m logistics scheme after site acquisition
Fiera Real Estate and Wrenbridge have acquired a 2.6-acre site in Waltham Cross, Hertfordshire, to speculatively develop a mid-box urban logistics unit with a GDV of circa £25m.
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News
Barkby Group makes first acquisition for roadside JV portfolio
Barkby, the roadside real estate business, and its joint venture (JV) with Meadow Partners has acquired its first asset for a total cost of £5.28m.
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News
BoE’s decision to maintain rate signals ‘peak of turmoil has passed’
The Bank of England has held the interest rate for the third time in a row at 5.25%, a 15-year high, which experts say should spell good news for the property market as it signals more stability and less market uncertainty.