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OnlineFormer Avant boss reveals management team for housebuilding venture
Former Avant Homes boss Mark Mitchell has appointed Jeremy Gledhill as chief finance officer and Richard Hall as head of procurement at his new housebuilding venture Honey.
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Innovation-led assets drive 68% leap in profit at Bruntwood
Bruntwood has reported its second best ever profit, at £75.2m, and a 10.7% jump in net asset value (NAV) for the year to the end of September.
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Palace Capital embarks on second shareback in a less than a year
Palace Capital is set to launch another share buyback programme, following its repurchase of 2.3m shares in July 2022.
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Property Week digital edition - 3 February 2023
New register requires UK investors to be more vigilant on overseas vendors; Assael Architecture’s Katie Cairns on how housing developers can help meet government’s net zero target; Supreme Court ruling in landmark Blacks service charge case offers hope for both landlords and tenants
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Target Healthcare suffers NTA hit as yield movement forces valuation fall
Valuation falls at Target Healthcare led to a drop in net tangible assets (NTA) during the final three months of 2022.
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ReSI reveals NAV fall
Residential Secure Income (ReSI) has reported a fall in net asset value (NAV) during the final quarter of the year.
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NAV at UK Commercial Property REIT slumps 21.5%
UK Commercial Property REIT has revealed a sharp fall in net asset value (NAV) during the final three months of 2022.
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Savills IM completes €3.6bn of deals in 2022
Savills Investment Management struck more than €3.6bn (£3.2bn) in private real estate equity deals around the world during 2022.
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Pluto Finance appoints new head of lending
Pluto Finance has appointed NatWest’s former head of real estate lending Phil Hooper to the firm.
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NAV falls 12% at Picton as yields move out
Picton’s net asset value (NAV) fell 12% in the final quarter of 2022 as the group suffered from industry-wide yield movements and a worsening economy.
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Harworth takes valuation hit but housebuilder demand remains robust
Harworth Group has said yield movements and “softening macroeconomic conditions” hit valuations in 2022 in an end-of-year update.
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LSH makes four hires in Belfast
Lambert Smith Hampton (LSH) has made four appointments to its team in Belfast, including two directors.
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Knight Frank boosts healthcare team with seven hires
Knight Frank has added seven new recruits to its healthcare team and part of an expansion of the firm’s advisory services in the sector.
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Value of planned public sector construction in Scotland increases to £12.2bn
The value of planned Scottish public sector construction projects has increased by £600m over the past six months to £12.2bn, according to a report from the Construction Pipeline Forecast Tool (CPFT).
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Government gives developers six weeks to sign up to housing safety contract
The government has given developers six weeks to sign up to legally binding agreements to pay to replace unsafe cladding on buildings.
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LEOS launches £200m SME developer fund
LEOS International has launched the £200m Vision Fund to offer funding to SME developers, builders and landowners across the UK.
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Shaftesbury enjoys strong festive period as it awaits CMA decision on Capco merger
Shaftesbury has told investors it enjoyed “buoyant trading” during the festive period ahead of its proposed merger with Capital & Counties (Capco).
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Foxtons expected to reveal strong 2022 figures, but cautious on current year
Foxtons, the London estate agency firm, has told investors that it expects 2022 revenue and profit to be ahead of expectations.
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Dexters pays £29m for Marsh & Parsons
London estate agent group Dexters has agreed a £29m deal to buy Marsh & Parsons from LSL Property Services.
