All Propcos articles – Page 22
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NewsProperty leaders predict life sciences will achieve best financial return for 2023
Almost half (47%) of British property company leaders believe life sciences will perform best in terms of financial return in the next 12 months, according to the British Property Federation’s Property Leader Sentiment Survey 2023.
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OnlineNAV 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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OnlineHarworth 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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OnlineShaftesbury 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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OnlineFoxtons 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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OnlineDexters pays £29m for Marsh & Parsons
London estate agent group Dexters has agreed a £29m deal to buy Marsh & Parsons from LSL Property Services.
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OnlineWatkin Jones blames Kwarteng’s mini-budget for annual revenue and profit falls
Student accommodation and build-to-rent group Watkin Jones has blamed Kwasi Kwarteng and Liz Truss’ mini-budget on a last-minute hit on the group’s annual figures after revealing falls in both revenue and profit for its last financial year.
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OnlineValuation shifts hit pre-tax profit at Henry Boot
Development firm Henry Boot has told investors it will fall short of pre-tax profit forecasts despite record underlying figures for the year to the end of December, due to a reduction in investment property values.
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OnlineOnTheMarket appoints new finance chief
OnTheMarket has appointed Tom Carter as chief financial officer (CFO) and as a member of the property portal’s board.
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OnlineLondonMetric adds £2.4m to rent roll
LondonMetric Property completed 62 occupier deals during the final quarter of 2022, adding £2.4m to the group’s annual rental income.
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OnlineDowning Living secures £227m loan for Manchester scheme
Real estate lending platform Precede Capital Partners and global financial services group Nomura have provided a £227m development loan to Downing Living.
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OnlineAvant Homes set to develop £60m Derbyshire scheme
Avant Homes has acquired a 28-acre site in Holmewood, Derbyshire, to deliver 247 new-build homes with a gross development value (GDV) of around £60m.
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OnlineBirmingham’s Mailbox slumps in value
Mailbox REIT has revealed a sharp fall in the valuation of its Birmingham office-led asset.
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OnlineUrban Logistics spends £48m on five last mile assets
Urban Logistics REIT paid out £48m on five acquisitions that include four assets in the Columbia Threadneedle Street Portfolio.
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OnlinePHP buys Irish healthcare property group
Primary Health Properties (PHP) has acquired Irish property management business Axis Technical Services for an undisclosed sum.
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OnlineCircle to return capital to investors
Circle Property, the office investment and redevelopment specialist, has launched a capital reduction programme with a first return of capital to shareholders to take place in March.
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OnlineWorkspace updates investors on third quarter
Workspace Group has told investors it is benefitting from “continued resilient levels of customer demand” despite tough economic conditions.
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OnlineUnder fire Home REIT brings in new advisor
Home REIT has revealed that Alvarium Home REIT Advisors has entered into an agreement with Simpact Group to “accelerate and further support” the group’s ongoing asset management and monitoring programme.
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OnlineSafestore posts strong annual figures
Storage giant Safestore has posted strong rises in both revenue and profit for the year to the end of October 2022.
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OnlineLendInvest agrees funding deal to back move into home lending
Finance portal LendInvest has agreed an increase in funding from Lloyds Bank to £300m to support an entry into the UK’s £1.2trn homeowner mortgage market.
