All Online articles – Page 17
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Online
Tritax Big Box REIT sells six assets for £327m
A disposals update from Tritax Big Box REIT has revealed that it has sold six assets so far in its 2023 financial year for £327m, at a blended 4.34% net initial yield.
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Savills expands global retail offer with Nash Bond acquisition
Savills UK has acquired Nash Bond, a retail agency and lease consultancy business based in central London, to expand its global retail offer to clients.
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Housing Growth Partnership commits £15m of equity for JV with Cayuga Homes
Housing Growth Partnership (HGP), the Lloyds-backed equity investor in the UK living sector, has committed £15m of equity to a new joint venture with Sussex based developer Cayuga Homes.
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Fourth quarter revenue edges up at Safestore
Storage giant Safestore increased its group revenue by 1.4% during the three months to the end of October.
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Bridgewater Place developer latest to delist from International Property Securities Exchange
BWP REIT, owner of the Bridgewater Place scheme in Leeds, has become the latest group to confirm its delisting from the failed International Property Securities Exchange (IPSX).
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Leading investor group backs CoStar’s £99m OnTheMarket takeover
Influential shareholder group Glass Lewis has backed CoStar’s £99m takeover of property portal OnTheMarket, which also won the backing of fellow proxy group ISS last week.
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Green Finance Institute says property-linked finance could unlock ‘billions of pounds of investment’
The introduction of property-linked finance (PLF) into the UK market could unlock £52bn to £70bn of private capital to upgrade inefficient buildings, according to a report from the Green Finance Institute (GFI).
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Australia’s IFM cues up deal to invest £10bn in UK infrastructure
IFM Investors, the Australia-based global institutional investment manager, has signed a memorandum of understanding with the UK government over its intention to invest £10bn in UK infrastructure.
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PPHE secures consent for new concept Park Plaza Victoria London hotel
PPHE Hotel Group has secured planning permission from Westminster City Council to develop a second hotel within its Park Plaza Victoria London property.
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Rightmove increases growth forecasts
Rightmove has told investors its revenue growth has continued since its interim result in July and remains slightly ahead of analyst forecasts.
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Strategic review could lead to sale or merger of abrdn European Logisitcs
The board of abrdn European Logistics Income has launched a strategic review that may lead to a sale or merger of the group.
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Aware Super opens London office to deploy £5.25bn into UK and European markets
Australian pension fund giant Aware Super has opened a new London office that will focus on the investment of £5.25bn into the UK and European markets.
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Silbury Finance strengthens senior leadership team with trio of appointments
Silbury Finance has strengthened its senior leadership team with a trio of hires.
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Shaftesbury Capital boasts of strong start to Christmas trading
Shaftesbury Capital has reported high footfall across its West End portfolio, which has led to a 12% rise in sales for its tenants as the Christmas trading period begins.
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EDI Q&A: Priya Aggarwal-Shah, founder of BAME in Property
Priya Aggarwal-Shah started BAME in Property a few years ago as a networking group borne from personal experience of cultural bias and a passion to change it.
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TR Property Investment Trust posts 3.3% rise in net asset value return
TR Property Investment Trust has posted a 3.3% rise in net asset value (NAV) return, compared with a fall of 35.5% six months earlier, as the group claimed the real estate market had turned a corner.
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LondonMetric’s values rise as logistics group bucks downward trend
LondonMetric has posted a rise in net tangible assets (NTA) in its half-year figures to the end of September, at just under £2.2bn, compared to £1.9bn six months earlier, bucking the trend of falling values in the property sector.
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NewRiver submits application for Essex resi scheme as occupancy hits record high
NewRiver REIT is seeking planning permission to demolish its shopping centre in Grays, Essex and develop a mixed-use scheme with 850-plus homes, which it plans to forward sell.
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LXi closes in on £210m deal to sell 66 Travelodge hotels
LXi REIT is close to selling more than half of its portfolio of Travelodge hotels for £210m.
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Helical swings to £93.1m loss as NAV slumps 17.5%
London-based investor Helical swung to a £93.1m loss in the six months to the end of September, against a profit of £17.2m in the same period the year before, as net asset value (NAV) slumped 17.5%.