All articles by Madeleine Knight – Page 15
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News
Rate decision to bring ‘much-needed’ stability to property market
The Bank of England (BoE) has maintained the base interest rate at 5.25% for at least another six weeks, bringing “much-needed stability to the market in what will undoubtedly be a welcome boon for investors, developers, and lenders”, property experts have said.
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News
Derwent London expands letting activity in H2
Derwent London’s letting activity has grown to £8.5m so far in H2, 10% above December 2022 estimated rental value (ERV) on average, its Q3 trading update reported.
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News
NAV dips at Alternative Income REIT after slight weakening in healthcare
Alternative Investment Income REIT (AIRE) posted a slight dip in net asset value (NAV) to £67.3m for Q3, compared to £67.8m in the previous quarter, the company announced in a trading update.
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News
Empiric Student Property rent and occupancy growth leads to dividend target boost
Empiric Student Property aims to increase its dividend target after reporting 10% like-for-like rental growth for 2023/24 in its trading update for the year to date.
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News
Reports of open-ended funds’ demise ‘greatly exaggerated’
The hurdles faced by these funds are more likely to drive regulatory reforms rather than render them obsolete.
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News
Clearbell promotes Murray to head of asset management and sustainability
Clearbell Capital has promoted Alice Murray to head of asset management and sustainability with responsibility for developing and implementing the firm’s ESG strategy.
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News
Sweeney announces plan to retire from I-RES
Margaret Sweeney will retire from her role as chief executive and executive director of Irish Residential Properties REIT (I-RES) next year.
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News
Hines and Peterson Group secure €80m loan for Dublin Central Plaza fit-out
A joint venture between Hines and Peterson Group has secured an €80m (£69.9m) senior loan from global alternative asset manager Cheyne Capital to fund fit-out works at the mixed-use Central Plaza scheme in Dublin and to refinance an existing facility.
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News
Essensys posts revenue growth but UK activity remains subdued
Essensys, which provides technology to the flexible workspace industry, has reported a 9% rise in revenue to £25m, mainly driven by new site activity, according to its results for the financial year to the end of July.
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News
Lok’nStore says future ‘looks rosy’ as revenue rises 12%
Lok’nStore’s self-storage revenue rose 12.1% to £25.3m in the year to the end of July, as demand in the sector remains strong, according to its latest results.
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News
TAB makes two appointments as it expands North of England presence
Real estate finance and investment house TAB has appointed Martyn Evans and Paul Holmes to expand the company’s capacity beyond London and the M25.
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News
Q3 commercial investment falls 57% but UK industrial sector shows ‘glimmers of light’
European commercial real estate registered the seventh consecutive quarterly fall in investment in Q3, but the UK industrial sector provided a small bright spot, according to the latest research from MSCI Real Assets.
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News
PPHE Hotel Group close to completing £300m pipeline
PPHE Hotel Group, which develops, owns and operates hotels and resorts, is nearing completion of its £300m pipeline, according to its Q3 update.
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News
Mailbox REIT withdraws shares from IPSX as platform winds down
Mailbox REIT has cancelled the admission of its ordinary shares to the International Property Securities Exchange (IPSX) and said it was not seeking an admission on an alternative exchange.
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News
Is it the end of the road for open-ended funds?
Property finance experts believe more open-ended property funds are likely to close after M&G Investments and Canada Life Asset Management announced the termination of their vehicles.
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News
Housebuilders ‘resilient in the face of cost-of-living storm’
Strong balance sheets and order books put the major players in good stead during the cyclical downturn.
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Insight
‘Investors need to be brave’: Big interview with JP Morgan Asset Management
Paul Kennedy, managing director of JP Morgan Asset Management, tells Property Week why he believes the current market conditions create opportunities for property investors.
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News
Real estate administrations on the rise in Q3
Construction, real estate and manufacturing continue to lead administrations in the third quarter, with company administrations up 30% on the previous year, the latest figures from Kroll have shown.
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News
St James’s Place suspends fund amid falling demand for commercial property
Investment manager St James’s Place has suspended dealing in its SJP Property unit trust and deferred redemptions in its Property life and Property pension funds, blaming falling demand for UK commercial property.
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News
Deutsche Bank refinances chunk of Lifestory’s UK portfolio
Deutsche Bank has provided an inventory facility to refinance part of Lifestory’s UK portfolio in a £150m deal, Property Week understands.