All Online articles – Page 15
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OnlineFormer Landsec boss joins Watkin Jones board
Watkin Jones has appointed former Landsec chief executive Francis Salway to its board as a non-executive director.
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Sirius refinances €170m of debt with German bank
Sirius Real Estate has completed the early refinancing of €170m (£149m) of lending with Berlin Hyp AG a year in advance of the facility’s due date.
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Uncertain economy forces Assura to take ‘cautious approach’
Healthcare property group Assura has told investors it will take a “cautious approach to capital investment” due to the current economic uncertainty.
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LondonMetric remains confident despite economic turbulence
LondonMetric has told shareholders that it is confident despite “turbulent” economic conditions.
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Cladding crisis: Clarke should fund fixes then pursue culprits
Residential Freehold Association director Mick Platt on why housing secretary should reassess cladding approach
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Retirement group Audley secures £59m loan from Silbury
Silbury Finance has provided retirement home developer Audley Group with a £59m investment loan, secured against four retirement villages located across Greater London and the Midlands.
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GPE sells City block for £190m
Great Portland Estates (GPE) has exchanged contracts on the sale of the freehold of 50 Finsbury Square in the City of London for £190m to a subsidiary of German family office Wirtgen Invest Holding.
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Watkin Jones profit to be below forecasts despite strong second half performance
Watkin Jones has told investors that it delivered “a strong operational performance” in the second half of the year in an end of year trading update, but deal delays led to a warning that profit would be below market expectations.
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Claire Barber latest to leave Cadogan as former employees allege ‘toxic culture’
Claire Barber has quit her role as head of asset management at Cadogan following a string of departures from the firm in recent months, Property Week can reveal.
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Deliveroo opens first bricks and mortar store on New Oxford Street
Deliveroo has opened its first physical store in the UK in partnership with supermarket giant Morrisons with a Deliveroo HOP grocery unit on New Oxford Street, in London.
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DeVere pulls all UK property investment amid economic turmoil
One of the world’s largest independent financial advisory organisations is to pull all UK property investment projects amid heightening economic upheaval, it has announced.
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What does lenders’ liquidity squeeze mean for investors?
Earlier this year an industry survey reported that only 48% of the specialist lending market thought their cost of origination was likely to increase over the year.
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Debbie Lee promoted to CFO at Grosvenor’s UK business
Debbie Lee has been appointed as chief financial officer (CFO) at Grosvenor’s UK property (GPUK) business following the departure Roger Blundell after 15 years with the company.
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Former Sainsbury boss Justin King joins Dexters as chairman
London estate agency Dexters has appointed former Sainsbury boss Justin King as chairman.
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NAV nudges up at Schroder European REIT
Net asset value (NAV) at Schroder European Real Estate Investment Trust nudged up during the three months to the end of June.
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Independent Living REIT cans IPO due to market conditions
Independent Living REIT has dropped plans for an initial public offering on the London Stock Exchange given current market conditions.
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Newcore Capital pays £20m for South East educational assets
Social infrastructure real estate investment manager Newcore Capital Management has spent £20m on seven educational assets in Greater London and the south-east.
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GPE updates on leasing deals
Great Portland Estate has signed 38 new leases and added £10.3m in annual rent in the three months since the end of June.
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abrdn posts NAV rise for European logistics fund
European industrial fund abrdn European Logistics Income has posted a 1.4% rise in net asset value (NAV) for the six months to the end of June.
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Ace Liberty and Stone posts 49% pre-tax profit rise, despite Lebanon ‘impairment’
Ace Liberty and Stone almost doubled profit in the year to the end of April despite a fall in revenue.
