All Propcos articles – Page 11
-
OnlineBellway profits fall 18% in challenging housing market
Housing giant Bellway suffered an 18% slump in profit in the year to the end of July as home completions and revenue also fell.
-
OnlineTritax Big Box REIT agrees £500m RCF
Logistics group Tritax Big Box REIT has agreed a £500m sustainability-linked unsecured revolving credit facility (RCF) with a syndicate of its existing relationship banks and new lenders.
-
OnlineSmith to step down as CEO of Unite Students
Richard Smith is set to step down as chief executive of Unite after 13 years with the student accommodation giant.
-
OnlineGPE reports 37 lettings for half-year to end of September
Great Portland Estates (GPE) has told investors leasing deals in the six months to the end of September were struck at 13.4% ahead of estimated rental values (ERV).
-
OnlineGrainger hits record occupancy level
Residential giant Grainger has told investors rents grew 7.7% in the year to the end of September after achieving record occupancy levels of 98.7%.
-
OnlineSavills IM strengthens European industrial and logistics team with co-head appointments
Savills Investment Management has appointed Daniel Hohenthanner and Evert Castelein as co-heads of the firm’s European industrial and logistics team.
-
OnlineBritish Land secures planning permission for south London logistics hub
British Land has secured planning consent for a 140,000 sq ft, multi-level last-mile logistics scheme in Southwark, south London.
-
OnlineGPE agrees £250m lending deal
Great Portland Estates (GPE) has signed a new £250m unsecured loan with three existing relationship banks.
-
OnlineSEGRO appoints new European head of investment
SEGRO has appointed Philipp Oevermann to lead the company’s investment activities in continental Europe.
-
OnlineMoorfield launches UK REIT to buy homes for rent
Moorfield Group has launched a fund that plans to invest £500m in the residential rental sector.
-
OnlineSchroder European REIT refinances Dutch assets
Schroder European REIT has completed a €13.8m (£12m) five-year debt refinancing secured against a five-asset Dutch industrial portfolio.
-
OnlineHome REIT seeks board members to drive rescue strategy
Home REIT has appointed headhunters to recruit new board members as it seeks expertise to execute its new strategy of moving away from its founding commitment to housing the homeless.
-
OnlineAlternative Income REIT plunges to a loss
Alternative Income REIT reported a £5.2m pre-tax loss in the year to the end of June, compared to a profit of £13.2m a year earlier, equating to a 139.4% negative swing.
-
OnlineSafestore CFO retires after decade with self-storage group
Safestore’s chief financial officer (CFO) Andy Jones is set to retire from the self-storage giant after more than a decade with the business.
-
OnlineNuveen Real Estate expands European debt team
Nuveen Real Estate has expanded its European debt team with the appointment of two new directors.
-
OnlineNAV rises but profit dips at UKCM
Net asset value (NAV) at UK Commercial Property REIT (UKCM) nudged up 1.8% during the six months to the end of June as the group navigated a turbulent economy.
-
OnlineInland Homes appoints administrators as rescue plan fails
Housebuilder Inland Homes has lost its fight for survival and has confirmed it will enter administration.
-
OnlineLandsec hails strong demand for London office space as it launches Victoria refurb
Landsec has told investors that occupier demand for prime office space has “remained strong” since its last year end on 31 March.
-
OnlineLSL hit by 20% slump in profit as it navigates ‘significant macroeconomic headwinds’
Estate agency group LSL has suffered a 20% slump in profit in the first half of its financial year as rising interest rates stymied the market.
-
OnlineBritish Land confident for financial year despite Meta lease surrender for £149m
British Land confirmed it had received a payment of £149m, reportedly equivalent to about seven years’ rent, from social media giant Meta, which surrendered the lease it had agreed for the former’s 1 Triton Square in London’s Regent’s Place.
