All articles by Madeleine Knight – Page 4
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Paragon Bank funds £21.7m Elevate regeneration project in Birmingham
The development finance will support Elevate Property Group to create 111 city-centre homes.
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Impact Healthcare REIT profits almost triple
Inflation-linked rental growth drove the value of property investments, according to the firm’s annual results.
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Henry Boot ups dividend by 10% as CEO sets out growth ambitions
Profit before tax fell 18%, from £45.6m in 2022 to £37.3m in 2023 results, in line with market expectations.
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Q&A: API chair explains why proposed merger with Custodian will be the best outcome
Abrdn Property Income’s James Clifton-Brown discusses the reasons for his backing of the deal ahead of the vote by API shareholders.
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British Land hires Next CFO James as non-executive director
Amanda James will take up the role in July and retire from the retailer by September.
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Valor announces investment, development and asset management promotions
London-based pan-European investor makes wave of promotions in the UK and France.
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Supermarket Income REIT pays £34.7m for Stoke Tesco store
The firm purchased the store using revolving credit facility.
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AREF appoints abrdn real estate’s Breen as chair
Breen replaces ougoing chair Adrian Benedict at property funds body.
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BoE decision signals optimism but pressure remains for those servicing debt
The bank’s Monetary Policy Committee (MPC) voted by a majority of 8-1 to maintain the base rate at 5.25%.
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Tritax Big Box REIT agrees merger terms with UKCM
The boards said the combination has “compelling strategic and financial rationale”.
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API board says Custodian merger “best outcome” for shareholders after ULR drops bid
Approving the deal would deliver a premium to the undisturbed share price, the firm said.
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New Reserved Investor Fund set to boost UK fund offering
The government has announced it will begin legislating for the RIF in the Spring Finance Bill 2024.
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Aviva Investors expands LTAF range with Climate Transition Real Assets Fund
Investors want “investments that deliver long-term performance and are aligned with net zero commitments”, the firm said.
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Custodian shareholders back API merger
Property analysts said Urban Logistics REIT’s rival bid for API “may end up being jilted, and that may be no bad thing”.
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Tristan Capital Partners secures £47m Westfield Stratford office refinancing
Leumi UK and Delancey Real Estate provided loans to refinance One Stratford Place.
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Penn Elcom launches flat pack self-storage system as industry tops £1bn
DIY assembly system allows users to create units of any size.
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Schroders Capital secures £100m for UK Operating Hotels launch
The Schroders Capital UK Operating Hotels strategy will extend the firm’s presence in the UK market.
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Crest Nicholson lowers home builds and reports defects on four sites
Despite building fewer homes, the housebuilder said sales prices were expected to remain stable in this financial year.
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Former Close Brothers CEO Pennal joins Mera Investment Management
Frank Pennal will support the growth plans of the private real estate finance and investment firm.
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Prime London sales values dip in February
Supply and demand begin to balance in lettings market as rental growth stabilises, LonRes finds.