All articles by Madeleine Knight – Page 9
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News
I-RES and Vision Capital clash again ahead of EGM
I-RES brands activist shareholder Vision Capital’s press statement ”misleading”.
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News
CREI and abrdn create £1bn REIT in all-share merger
The combined group will have a portfolio of around 200 assets.
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Online
Peppercorn ground rent cap ‘disastrous’ for investors, experts tell DLUHC
Capping ground rents at a peppercorn would have “disastrous consequences” for investors and could cost taxpayers £31bn in compensation, property experts said as the government’s consultation on the matter closed.
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News
Clarion Partners Europe acquires Coventry warehouse for £28m
Deal is first on behalf of Clarion’s UK-only logistics fund, which recently closed with £427m of equity commitments.
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News
Singapore’s first UK-focused commercial vehicle raises £28m
Elite Commercial REIT has raised gross proceeds of approximately £28m as it prepares for its next phase of growth.
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News
Vistry sells 50 homes to Gatehouse IM
The housebuilder has sold 50 homes in Gloucester to Gatehouse Investment Management as part of its joint venture with global investment firm Carlyle.
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News
Kingston and Sutton pension schemes commit £55m to The London Fund
The £250m fund is looking to invest in infrastructure opportunities, including regeneration.
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News
Falling rates to spur real estate revival, but ‘tepid’ transaction activity poses challenges
Falling interest rates will spur a revival in real estate capital markets in 2024, but tepid transaction activity and subdued economic growth are likely to make it another challenging year, said CBRE.
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News
Majority of investors optimistic about commercial market in 2024, report finds
A new report from global professional services firm Alvarez & Marsal shows 56% of investors feel optimistic about the outlook for UK and European commercial real estate investments over the next 12 to 18 months.
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News
Vistry profit is ahead of guidance as Fitzgerald prepares to take chair from Findlay
Housebuilder Vistry’s financial performance for 2023 was ahead of its guidance, with adjusted profit before tax expected to fall in line with 2022’s figure of £418.4m, according to its trading update for the year to the end of last December.
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News
Schroder European REIT reports dip in portfolio value
Schroder European Real Estate Investment Trust has had its direct property portfolio independently valued at €210.2m (£180.6m) as of the end of last year, down 1.8% over Q4, according to a portfolio update from the company.
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News
Harworth completed 1,170 residential plot sales in 2023
Harworth Group, a regenerator of land and property for sustainable development and investment, completed 964 residential plot sales in December, bringing its total for the year to 1,170.
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News
I-RES appoints Hugh Scott-Barrett to chair of the board
The board of Irish Residential Properties REIT (I-RES) has appointed Hugh Scott-Barrett to succeed Declan Moylan as chair of the I-RES Board from 23 February.
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News
Newcore Capital acquires £11m of social infrastructure assets
UK-focused real estate investment manager Newcore Capital has acquired two language schools, in Cambridge and Oxford, and a food distribution asset in Colchester for a total of around £11m, reflecting a net initial yield of 6.1%.
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News
Savills on track in year-end trading update
Savills said it expects its full-year performance for 2023 to fall in line with the expected range of outcomes, despite a challenging year for the real estate market.
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News
Taylor Wimpey prioritises prices amid challenging market environment
Taylor Wimpey’s overall average selling prices rose 3.5% to £324,000 in 2023, but the housebuilder ended the year with a lower order-book value of £1.77m, excluding joint ventures, compared with £1.94m in 2022.
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News
Debt crisis looms for 2024 as firms face ‘refinancing gap’
Tough year ahead as new valuations are obtained and hedging products expire.
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News
Allsop records 10% fall in annual profit after ‘frustrating’ financial year
Property consultancy Allsop has reported profit of £15.37m for the year ended March 2023, a 10% reduction from the previous year’s £17.1m.
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News
Columbia Threadneedle Real Estate acquires Parkgate Shopping Park
Columbia Threadneedle Real Estate has acquired Parkgate Shopping Park in Rotherham on behalf of client funds for an undisclosed sum.
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News
Net debt of £18.7m ‘much higher’ than expected at MJ Gleeson
Low-cost housebuilder and land promoter MJ Gleeson has reported that its net debt is expected to be £18.7m for the half year to the end of December 2023, up from £5.2m as of 30 June 2023.