All Propcos articles – Page 16
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OnlineWorkspace produces robust annual figures despite macroeconomic headwinds
Workspace Group has posted a 34% rise in rental income as the SME office space specialist avoided the sharp falls in valuations suffered by other property groups.
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OnlineGPE boss Courtauld boasts stronger annual performance than Landsec and British Land
Great Portland Estates chief executive Toby Courtauld has claimed a strong set of annual results after the group’s valuation losses were lower than at rivals Landsec and British Land.
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OnlineEmpiric Student Property issues confident update ahead of next academic year
Empiric Student Property has revealed that it expects average rents to rise by more than 7% during the 2023/24 academic year.
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OnlineLondonMetric agrees £200m takeover of CT Property Trust
LondonMetric has agreed a deal to buy rival CT Property Trust (CTPT) for £198.6m.
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OnlineWatkin Jones set for £500m-plus of deals as forward funding returns
Watkin Jones is set for more than £500m of forward funding deals after failing to secure any during the first half of its financial year, it can be revealed.
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OnlineEdiston considers sale and merger options as NAV suffers sharp fall
Ediston Property Investment is considering a sale or merger of the business, after it posted a 15.3% fall in net asset value (NAV) for the six months to the end of March.
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OnlineVistry expects profit boost at sales rate improves
Housebuilding giant Vistry has told investors its sales rate has continued to improve in the year to date as it pointed to a surge in full-year profit.
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OnlineTritax Eurobox targets €150m sales to reduce LTV
Continental warehouse groupTritax Eurobox is targeting at least €150m (£130.4m) of disposals to reduce its loan-to-value (LTV) ratio, it can be exclusively revealed.
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OnlineSavills hit by lowest transaction levels ‘for a decade’
Savills has revealed its global capital transaction volumes for the year to date are at the lowest levels in a decade.
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OnlineBritish Land posts £1bn annual loss as valuations slump 12%
British Land has posted a swing of almost £2bn from profit to loss as macroeconomic factors hit property values.
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OnlineSEGRO commits £2bn to net zero warehouse development in West Midlands
Industrial giant SEGRO has committed £2bn to a decade-long net zero warehouse development programme after becoming a strategic partner of the West Midlands Combined Authority (WMCA).
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OnlineUnite appoints Love Island TV executive to board
Student accommodation giant Unite has appointed ITV executive Angela Jain as a non-executive director.
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OnlineWorkspace sells £82m of non-core assets
Workspace Group has sold five non-core properties in the South East to Tudor Investment Holdings at a sharp discount to their book value.
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OnlineLandsec swings to loss as portfolio value is cut by 7.7%
Landsec has posted a £1.5bn swing to an annual loss of more than £600m as property values dropped 7.7% during the year to the end of March.
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OnlineStifel analyst claims ‘only a matter of time’ before Hammerson sells Value Retail stake
Sam King, a leading propety analyst at investment bank Stifel, believes ”it is only a matter of time” before retail giant Hammerson sells its stake in the Value Retail portfolio.
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OnlineGPE launches new sustainability brief
Great Portland Estates has launched a new sustainability programme to cover its entire portfolio.
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OnlineEconomic conditions stalls investment activity at Tritax Big Box REIT
Tritax Big Box REIT has told investors that economic and capital market uncertainty contributed to investment transactional activity remaining low during the first three months of the year.
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OnlineGrainger produces bumper figures as rental boom continues
Grainger, the UK’s biggest private landlord, has posted a bumper set of half-year figures as the rental market continues its post-pandemic boom.
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OnlineGet Living more than doubles annual profit
Build-to-rent (BTR) giant Get Living more than doubled its profit to £136.3m off the back of a 40% rise in revenue in 2022, as it entered its 10th year.
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OnlineCustodian boss welcomes return of optimism to market
Custodian Property Income REIT chief executive Richard Shepherd-Cross has welcomed the return of optimism to the commercial property market as the aftershocks of Liz Truss’ September mini-Budget begin to fade.
