All Propcos articles – Page 3
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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.
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OnlineInland Homes appoints former Gleeson boss Harrison as CEO and looks north
Inland Homes has appointed former Gleeson boss Jolyon Harrison as chief executive.
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OnlineVistry provides mixed trading update
Housebuilding giant Vistry has posted a slight rise in average weekly sales rate to 0.86 during the first half of the year, up from 0.84 during the same period in 2022, and said its partnerships business continued to show resilience in difficult economic conditions.
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OnlineNAV rises at AEW UK REIT
AEW UK REIT has posted a rise in net asset value (NAV) to £169.6m during the three months to the end of June, up from £167.1m at the end of March.
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OnlineLendInvest posts sharp rise in managed funds but profit stalls
Mortgage platform LendInvest has increased its funds under management (FuM) by 23% in the year to the end of March, from £2.9bn to £3.6bn.
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OnlineLXi finance chief quits role
Freddie Brooks has resigned from his role as chief financial officer at LXi REIT to pursue other opportunities.
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NewsHelical reports ‘good progress’ with development pipeline
London-based investor Helica has reported ‘good progress’ with its development pipeline in a trading update for the period since 1 April.
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NewsHSBC downgrades 11 property companies amid refinancing risk
UK real estate performance remains firmly wedded to policy rates and looming refinancing risk is a “major concern”, HSBC said as it downgraded its recommendations for shares in 11 property companies.
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OnlineSpringfield appoints new finance chief
Scottish housebuilder Springfield Properties has appointed Iain Logan as chief financial officer (CFO).
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OnlineWinkworth warns on full-year revenue and profit
Estate agent group M Winkworth has told investors that a “more challenging” market will lead to revenue and profit falls in its current financial year due to rising interest rates and low mortgage availability.
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OnlineCooper steps down as Crest Nicholson FD
Duncan Cooper has resigned as finance director of housebuilding giant Crest Nicholson to become chief financial officer at builders’ merchant Travis Perkins.
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OnlineSupermarket Income REIT receives second tranche of cash from Sainsbury’s portfolio sale
Supermarket Income REIT has received the second tranche of cash from the sale of its interest in the Sainsbury’s Reversion Portfolio (SRP).
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OnlineBritish Land updates investors ahead of AGM
British Land’s Simon Carter has told investors the group continues “to see strong operational momentum” ahead of his presentation at the annual general meeting today.
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NewsReuben brothers honoured at 31st PROPS Awards
Simon and David Reuben picked up the Lifetime Achievement Award at the 31st PROPS Awards in London last week.
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OnlineWatkin Jones completes Colchester student scheme
Watkin Jones has completed on a 286-bed student development in Colchester, Essex on behalf of Moorfield Group and Melberry Developments.
