All Propcos articles – Page 12
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OnlineDalata reports strong revenue growth but profit dips
Dalata Hotels has posted a 3% fall in profit despite a 29% rise in revenue during the first half of the year.
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NewsC&W refinances $1.4bn of debt
Global real estate giant Cushman &Wakefield (C&W) has secured a $1bn (£793.5m) refinancing loan and closed the offering of $400m of its senior secured notes to strengthen its ability to deliver on its strategic priorities.
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OnlineBromford and LGIM co-create sector-first £50m funding partnership
Legal & General Investment Management (LGIM) has agreed a £50m funding deal with social housing group Bromford.
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OnlineHome REIT moves to take control of leases following approval to ditch homelessness commitment
Social housing provider One CIC has agreed to surrender its leases on 100 properties to Home REIT following this week’s shareholder approval for the group to ditch its commitment to easing homelessness.
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OnlineHome REIT secures shareholder backing over ditching pledge to house homeless
Home REIT has won support from shareholders to shift its investment focus from providing accommodation for the homeless in an effort to restore its rental income.
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OnlineNAV dips at abrdn European Logistics Income
Net asset value (NAV) at abrdn European Logistics Income’s portfolio dipped 2.6% in the quarter to the end of June.
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NewsBritish Land considers £300m property sale to Realty Income Corp
Developer British Land is reportedly in discussions with US real estate group Realty Income Corporation for a £300m property sale.
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NewsHome REIT offloads properties at 60% loss as another tenant goes bust
Home REIT has sold off 40 properties for £4.8m at public auction, taking an average 60% loss.
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OnlineTritax Big Box closes in on £450m refinancing deal
Tritax Big Box REIT is close to agreeing a refinancing deal of its £450m revolving credit facility (RCF), Property Week can reveal.
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OnlineNTA nudges up at Target Healthcare
Net tangible assets (NTA) at care home group Target Healthcare nudged up during the three months to the end of June as rent across its portfolio rose.
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OnlineAviva Investors provides additional £57m loan to Urban Logistics
Aviva Investors has agreed an additional £57m in sustainable transition financing to Urban Logistics REIT.
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OnlineGagné says Value Retail stake not a ‘long-term hold’ for Hammerson as group eyes sale
Hammerson has given its strongest signal yet that it is preparing to sell its stake in Value Retail, Property Week can reveal.
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OnlineNAV at SEGRO dips in first half but profit rises
Net asset value (NAV) at industrial giant SEGRO fell 3% in the six months to the end of June following a 1.4% fall in the value of its portfolio.
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OnlineImproving half-year figures allow Hammerson to return to a cash dividend
Hammerson has posted an improving set of half-year figures, which revealed only a small fall in net asset value (NAV) and net tangible assets (NTA).
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OnlineNewRiver to spell out growth opportunites to investors
NewRiver REIT will claim an “excellent operational performance” at its annual general meeting today (26 July), with chief executive Allan Lockhart set to highlight rises in occupancy and rent collection.
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OnlineVistry Group secures additional grant funding from Homes England
Housebuilding giant Vistry has secured an additional £67m from Homes England to develop grant-funded affordable homes in the period up to 2026.
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OnlineNAV dips at Picton during second quarter
Net asset value (NAV) at Picton, the commercial property investment REIT, took a near-£6m hit in the quarter to the end of June.
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OnlinePRS REIT posts strong rise in rental value
The PRS REIT has posted a 15% rise in rental values across its portfolio, the group told investors in an update for the fourth quarter to the end of June.
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OnlineHoney hires Vistry exec as it targets seven further development sites
Housebuilder Honey has appointed former Vistry Group head of land Luke Herring as land and planning director as it continues with its site acquisition programme.
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OnlineBrookfield pockets £392m payout from Center Parcs as it seeks £4bn sale of upmarket resort
Private equity giant Brookfield has scooped a a £392m dividend following strong performance from its Center Parcs UK holiday village business as the group seeks a £4bn to £5bn sale of the business.
