All Propcos articles – Page 25
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OnlineNAV dips at Schroder European REIT
Schroder European Real Estate Investment Trust has posted a fall in net asset value (NAV) in its annual results, which the group attributed to the payment of special dividends.
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OnlineHome REIT faces further allegations from research house
Home REIT is facing a call for its board to step down following further allegations from Boatman Capital Research that it was “over-optimistic in its assumptions” on the value of its portfolio.
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OnlineBritish Land lets entire Storey space at 155 Bishopsgate
British Land has let its entire Storey space at 155 Bishopsgate to tech recruitment group Levin.
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OnlineNAV dips at ReSi
Net asset value (NAV) at Residential Secure Income (ReSI) dipped during the year to the end of September as the value of the group’s portfolio was hit by the “macro environment”.
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OnlineSEGRO prices £350m bond
SEGRO has priced a £350m, 19-year, unsecured bond that the group told investors will be used for “general corporate purposes”.
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OnlineLendInvest reports leap in funds under management and profits
LendInvest increased funds under management by 20% year on year as profit leaped 45% in the six months to the end of September.
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OnlineHome REIT responds to Viceroy criticism
Home REIT has hit back at criticism from financial research group Viceroy Research, calling it “baseless and misleading”, after being forced to pull its full-year results launch on Tuesday (29 November).
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NewsShaftesbury enjoys post-pandemic bounce back
West End landlord Shaftesbury has experienced a sharp post-lockdown bounce back with net tangible assets (NTA) and property values rising in the year to the end of September.
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OnlineLendInvest seeks £300m for new fund
LendInvest is to launch an open-ended fund seeking to raise £300m, with more than £200m in capital already committed from investors.
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OnlineTravelodge expects development to return to ‘more normal levels’ in 2023
Hotel chain Travelodge has told investors it expects new hotel openings to “return towards more normal levels next year”, after development was hit by the Covid-19 pandemic.
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OnlineLXi bucks property sector trend as NAV nudges up in first half
LXi REIT has posted a rise in net asset value during the first half of its financial year, bucking the industry’s downward trend due to softening yields.
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OnlineNTA dips at NewRiver REIT
The value of net tangible assets (NTA) at NewRiver REIT dipped 1.5% during the first half of its financial year as investment in its regeneration portfolio hit otherwise positive value gains across its retail portfolio.
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OnlineGPE confirms flagship Oxford Street letting to Polish retailer
Great Portland Estates (GPE) has announced that that fashion retailer Reserved has leased a new London flagship at its 70-88 Oxford Street, as revealed by Property Week on Monday.
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OnlineNTA falls 11% at LondonMetric
Net tangible assets (NTA) have fallen 11% in value at LondonMetric as the property sector suffers from softening yields.
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OnlineNAV nudges down at Triple Point
Net asset value (NAV) at Triple Point Social Housing REIT nudged down during the three months to the end of September.
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OnlineNet tangible assets value dips at GP group Assura
Net tangible assets (NTA) at GP surgery group Assura dipped in value in the first half of the year to the end of September.
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OnlineHelical net asset value rises in first half
Helical has posted a rise in net asset value (NAV) despite yield shifts that are affecting much of the property industry.
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OnlineWinkworth raises profit forecast despite higher mortgage costs after mini-Budget
In a trading update for the 10 months to the end of October, estate agency group M Winkworth told investors that the residential property market remained strong in the third quarter.
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OnlineExclusive: Polish retailer agrees flagship move to GPE’s Oxford Street scheme
Great Portland Estates (GPE) has signed Polish fashion retailer Reserved for a flagship move to its mixed-use scheme at 70-88 Oxford Street in London, Property Week can reveal.
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OnlineInvestec Real Estate targets larger transactions with three hires
Investec Real Estate has appointed Jason Presence and Seb Walley as originators, and Gordon Milnes as syndicator, to lead its new Syndication team, as it targets larger and more sophisticated transactions.
