All Propcos articles – Page 3
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OnlineRegional REIT considers discounted share issue to pay £50m debt
The REIT has confirmed it is looking at funding options following reports it was considering a £75m equity capital raise.
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OnlineProfit slumps at Persimmon as firm warns on subdued market
The housebuilding giant has reported a 52% drop in annual profit.
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OnlineGPE signs TK Maxx London flagship store at West End scheme
The brand’s new space comprises 22,500 sq ft on the ground and first floor, with a 70ft Oxford Street frontage.
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OnlineRucker to become chairman of British Land in July
He will succeed Tim Score, who will stand down after five years as chairman and 10 years on the board.
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OnlineShaftesbury completes £75m Covent Garden deal
The group told investors that the acquisition presented asset management and rental growth opportunities.
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OnlineNet tangible assets rises 4.3% at social housing group Triple Point
Earnings growth and an uplift in the value of assets boosted the company in the year to the end of December.
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OnlineCapReg delays publication of annual figures
Regional retail investor’s new auditor has requested more time to compile annual results.
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OnlineLondonMetric and LXi complete £1.9bn merger
Completion of the deal has created a company with a £6.2bn portfolio.
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OnlineHome REIT vows to sue ‘those responsible for wrongdoing’ as City watchdog probes firm
Troubled housing investor’s threat follows the Financial Conduct Authority (FCA) investigation launched last month.
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OnlineAnnual profit slumps at Foxtons due to Ludlow Thompson takeover
In its figures for the year to the end of December, pre-tax profit came in at £7.9m, down from £11.9m in 2022.
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OnlineLosses rocket at IWG but founder confident as group produces record revenue
Global flexible office giant IWG has reported an 80% increase in pre-tax losses.
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OnlineSiemens invests £100m in Wiltshire R&D facility
The facility will replace the current Chippenham factory on the site.
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OnlinePPHE Hotels posts record annual revenue figures
A growing occupancy rate was behind a 26% rise in income.
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OnlineHammerson weighs Value Retail options as annual figures show recovery
Chief executive Rita-Rose Gagné has said the group is considering its options on the £1.9m holding.
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OnlineSEGRO ups share placing target following strong demand from investors
Industrial property group has increased its fund raising target to between £800m and £900m.
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OnlineGlenveagh produces stable annual figures
The Irish housebuilding giant said its annual profit nudged up 1% during 2023.
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OnlineProfit at Taylor Wimpey almost halved but developer sees ‘signs of improvement’
The housebuilder said it would build fewer homes this year due to dampened market demand.
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OnlineQuarterly NAV dips at Schroder REIT
The REIT has said investors will still benefit from an interim dividend of 0.836p per share.
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OnlineDominion Theatre secures long-term future with freehold buy
The London venue has purchased the freehold with a multi-million-pound loan from Lloyds Bank.
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OnlineHammerson completes £500m non-core disposal programme with Aberdeen deal
Hammerson has completed its non-core disposal programme following the sale of it Union Square shopping centre for £111m.
