All articles by Madeleine Knight – Page 5
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Q&A: Nigel Huddleston, financial secretary to the Treasury on why business rates relief is ‘a matter of balance’
Nigel Huddleston, financial secretary to the Treasury, tells Property Week how the government’s business rates support is aiding the high street.
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Custodian sells two industrial assets to take disposals so far this year to £30m
The deals are set to complete in the next two months, with proceeds expected to be used to cut variable-rate debt.
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MSCI ranks London as top global cross-border investment location
UK and Germany ranked second and third, behind the US, as countries attracting the most cross-border investment
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Real estate loan defaults of €43bn projected in Europe over next three years
Refinancing challenges to continue despite falling borrowing costs, AEW research finds.
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Primary Health Properties raises dividend on back of strong rental growth
Healthcare property specialist raised dividend 3.1% to 6.7p and reported 5% year-on-year rise in net rental income.
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Unite £1.3bn development pipeline ‘biggest it’s ever been’
The student accommodation provider will deliver 2,741 beds in London alone, according to its financial results for 2023.
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Avison Young works on new capital restructure as it receives S&P downgrade
The consultancy has said it will conclude ongoing negotiations with lenders in the coming weeks.
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I-RES starts strategic review as 2023 results show €114.5m loss
The review will consider options for the company’s status as a listed REIT, possible sale or a consolidation deal.
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Abrdn postpones general meeting following Urban Logistics REIT takeover bid
Abrdn Property Income Trust (API) has said it wants time to assess its options.
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Lendlease pre-tax loss swings to £89m as it raises cladding provisions
Developer has put aside $334m (£173m) to deal with cladding issues across its portfolio.
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BlackRock and Outpost JV closes north London BTR acquisition from Tide
Outpost buys Acton residential-led development The Castle in third deal for JV with BlackRock.
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Consolidation: a key trend for REITs in 2024
Property Week reports on the growing trend towards mergers and acquisitions as REITs bid to increase their scale in the fight for capital access.
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Urban Logistics REIT makes rival bid for abrdn Property Income Trust
The combination of the two businesses would create a strong FTSE 250 constituent with a combined pro-forma market cap of £830m.
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The Body Shop’s current store portfolio mix ‘no longer viable’
Seven stores will close today, with additional closures to follow.
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Anchor secures £150m from LGIM and Sun Life for later living development
Specialist housing and care provider will use the funds to develop and buy affordable and energy-efficient homes.
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Scottish commercial real estate investment plummets in 2023
Retail took lion’s share of Scottish investment last year, Colliers reports.
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Revenue grows at Lok’nStore amid busy pipeline
Its four new stores will add 211,600 sq ft of trading space to the UK self-storage market.
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Leumi lends £23m to Cinnamon for luxury care home refinancing
Funding for assets in Exeter and Worcestershire brings the total portfolio funded by Leumi UK to 251 beds.
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Gresham House launches £300m biodiversity fund to enhance natural capital
The fund will invest in Environment Bank’s Habitat Banks, which help meet develpers’ biodiversity requirements.
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L&G UK Property Fund to grow REIT exposure amid “significant” changes
The fund intends to reduce its direct property weighting to 45%.