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All Online articles – Page 12
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OnlineNTA slumps at Supermarket Income REIT despite soaring rental income
The value of net-tangible assets (NTA) at Supermarket Income REIT slumped 19% in the year to the end of June, the company has revealed in its annual results.
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OnlineCommercial property transactions plummet 73% but retail and leisure offer ‘silver lining’
Commercial property transactions fell 67% in the past six months, while the total value of commercial deals plunged 73% to £3.7bn, research from Sirius Property Finance has revealed.
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OnlineHenry Boot posts rise in NAV but profit falls as debt rises
Henry Boot has posted a 2.6% rise in net asset value (NAV) for the six months ended 30 June 2023.
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OnlineAEW UK REIT shakes up board with new chairman and non-exec director
AEW UK REIT has appointed Robin Archibald and its new chairman and former British Property Federation chief Liz Peace to the board.
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OnlineBritish Land upgrades retail park rental growth estimate
British Land has upgraded its forecasts for rental growth in it retail park portfolio from between 2% and 4% to between 3% and 5% in response to demand for space.
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OnlineVida hires Smith as national account manager
Specialist homes lender Vida has hired Oliver Smith as national account manager.
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OnlineBBC appoints LSH to offload lease at Salford MediaCity
The BBC has appointed Lambert Smith Hampton (LSH) to dispose of its leasehold interest at Bridge House in MediaCity, Salford.
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OnlineInvestors target UK and European offices needing sustainability upgrades
Private and institutional investors are targeting UK and European offices with poor environmental performance with a view to creating value through sustainability upgrades, a Knight Frank report has found.
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OnlineQIP and Hurlington join forces on £80m student scheme in south London
Singapore-based private equity firm Q Investment Partners (QIP) and Hurlington Capital have formed a joint venture to develop an £80m purpose-built student accommodation (PBSA) site in Woolwich, London.
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OnlineNumber of pubs forced to close leaps 50% across England and Wales
The number of pubs being demolished or converted for other uses across England and Wales surged by 50% during the three months to the end of June, according to government statistics.
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OnlineRents rise by 12%, passing £1,300 average for first time
Residential rents rose by 12% in the year to August, passing £1,300 for the average letting for the first time, according to estate agency Hamptons.
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OnlineBritish Land and Norges put £750m price on Meadowhall, despite denying sale plan
British Land and Norway’s sovereign wealth fund Norges are understood to have appointed CBRE to investigate the £750m sale of its Meadowhall shopping centre in Sheffield.
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OnlineLok’nStore appoints Barker as non-exec
Self-storage company Lok’nStore has appointed lawyer Bridget Barker as an independent non-executive director.
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OnlineLondonMetric sells industrial portfolio to Hines for £40.5m
LondonMetric Property has sold a portfolio of four multi-let industrial estates to Hines for £40.5m, marking its exit from operational multi-let industrial assets.
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OnlineProfit slumps 89% at Irish housebuilder Glenveagh, but order book looks healthy
Profit at Irish housebuilder Glenveagh Properties has plummeted during the first six months of its financial year as planning delays hit development.
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OnlineRESi360: Zoopla head predicts further tricky two or three years for housing market
The UK housing market faces at least two more challenging years, Zoopla executive director Richard Donnell told delegates at Property Week’s RESi360 conference this morning (13 September).
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OnlineWarehouse REIT appoints O’Rourke as non-exec director
Warehouse REIT has appointed Next director Dominic as an independent non-executive director.
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OnlineQuintain completes refinancing for Wembley Park
Quintain has agreed a £780m refinancing of its Wembley Park scheme with lenders JP Morgan and Cheyne Capital.
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OnlineRedrow posts falling sales and profit as economic downturn bites
Housebuilder Redrow has warned earnings could more than halve over the year ahead amid a “challenging and uncertain” property market.
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OnlineProperty Week launches Get Set for Net Zero survey
Property Week would like to understand what you think about climate change: what action you think is appropriate, and what steps your organisation might be taking to reach net zero carbon.
