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All Online articles – Page 17
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OnlineSpecialists and family offices lead UK hotel investment but volumes tumble 60%
Hotel transaction volumes totalled around £860m for the first six months of 2023, 60% below investment volumes for the same period a year earlier.
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OnlineReal estate associations launch first global non-listed equity funds index
Three global real estate associations have joined forces to launch a worldwide index to assess the performance of non-listed equity funds.
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OnlineSpringfield appoints new finance chief
Scottish housebuilder Springfield Properties has appointed Iain Logan as chief financial officer (CFO).
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OnlineWinkworth warns on full-year revenue and profit
Estate agent group M Winkworth has told investors that a “more challenging” market will lead to revenue and profit falls in its current financial year due to rising interest rates and low mortgage availability.
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OnlineCooper steps down as Crest Nicholson FD
Duncan Cooper has resigned as finance director of housebuilding giant Crest Nicholson to become chief financial officer at builders’ merchant Travis Perkins.
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OnlineSupermarket Income REIT receives second tranche of cash from Sainsbury’s portfolio sale
Supermarket Income REIT has received the second tranche of cash from the sale of its interest in the Sainsbury’s Reversion Portfolio (SRP).
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OnlineBritish Land updates investors ahead of AGM
British Land’s Simon Carter has told investors the group continues “to see strong operational momentum” ahead of his presentation at the annual general meeting today.
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OnlineWatkin Jones completes Colchester student scheme
Watkin Jones has completed on a 286-bed student development in Colchester, Essex on behalf of Moorfield Group and Melberry Developments.
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OnlineStärka recruits Gavaghan from Bruntwood
Leisure real estate adviser Stärka has appointed Lauren Gavaghan as acquisitions and development consultant.
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OnlineBig Yellow posts rise in revenue for first quarter
Storage giant Big Yellow Group has announced a 6.7% rise in revenue during the first quarter of its financial year to the end of June, to £48.1m, up from £45.1m at the same point in 2022.
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OnlineUnite reveals 98% occupancy rate for 2023/24 in positive trading update
Student accommodation giant Unite has reached 98% occupancy for the 2023/24 academic year, compare with 91% at the same point 12 months ago, as demand continues to grow in the sector.
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OnlineAvant Homes recruits Lynch as FD
Avant Homes North East has appointed Michael Lynch as finance director.
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OnlineGPE completes office leasing at east London's The Hickman with TPXimpact deal
Great Portland Estates (GPE) has let all the remaining office space at The Hickman on Whitechapel Road in east London to digital transformation company TPXimpact.
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OnlineOnTheMarket revenue rises but group warns of ‘uncertain’ conditions
OnTheMarket has posted a 14% rise in revenue and a return to profit for the year to the end of January.
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OnlinePRS REIT completes refinancing
PRS REIT has completed the refinancing of its £150m revolving credit facility (RCF) with The Royal Bank of Scotland and Lloyds.
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OnlineGleeson expects full-year figures to meet forecasts
MJ Gleeson has told investors it expects full-year figures to be in line with forecasts as a shift in buyer demographics “underpins encouraging prospects” for the current year.
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OnlineHouse prices fall at fastest rate in 12 years, Halifax finds
House prices fell at the fastest annual rate seen in 12 years in June, according to the latest Halifax index.
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OnlineMarlet Property secures £87m refinancing
Marlet Property Group has finalised a €102m (£87.3m) refinancing facility with Cheyne Capital Real Estate for its Shipping Office development in Dublin.
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OnlineOne Heritage appoints Willis as investment director
North of England residential firm One Heritage Group has appointed Geoff Willis to the newly created role of investment director.
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OnlineAviva launches JV with Moda to build 1,000 Birmingham BTR homes
Aviva Capital Partners (ACP) has joined forces with Moda Living to back a £400m build-to-rent (BTR) development in Digbeth, Birmingham.
