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All Propcos articles – Page 5
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OnlineBerkeley chosen to develop £2.2bn Birmingham estate
Berkeley Group’s St Joseph Homes business has won the tender to become development partner for the regeneration of the vast Ladywood Estate in Birmingham.
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OnlineAermont joins race for Center Parcs
Pinewood film studios owner Aermont is reported to have joined the list of bidders for upmarket holiday village group Center Parcs.
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OnlineColtham and Delancey form logistics JV platform
Developer and asset manager Coltham has joined forces with Jamie Ritblat’s Delancey to launch UK logistics platform Greenlight.
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OnlineOnTheMarket launches financial services unit
Property portal OnTheMarket has launched OnTheMarket Money, a division to provide homebuyers with financial advice.
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OnlineCrest Nicholson warns of further house price falls
Housebuilding giant Crest Nicholson has warned of further slowdown in the housing market as it posted a more than 60% slump in half-year profit, as higher mortgage rates and broader economic worries dampened demand from buyers.
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OnlineNAV slumps 19% at Schroder REIT
Schroder REIT has suffered a 19% fall in net asset value (NAV) to £300.7m in the year to the end of March, compared to £371.2m for the previous year, as yields expanded by 152 basis points to 7.8% as a result of interest rates rising after Liz Truss’ widely-criticised ...
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OnlineNet tangible assets slump 15.1% at LXi following Secure Income REIT merger
The value of net tangible assets (NTA) at LXi REIT slumped 15.1% in the year to the end of March to 121.1p per share, compared to 142.6p a year earlier.
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OnlineNAV falls 17% at Residential Secure in first half
Residential Secure Income (ReSi) has posted a 17% fall in net asset value (NAV) for the six months to the end of March at 90p, compared to 108.8p at the end of September.
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OnlineWarehouse REIT swings to £182.8m loss as portfolio value slumps
The value of Warehouse REIT’s portfolio slumped 18.5% in the year to the end of March as the group was hit by industry-wide outward yield movements.
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OnlineNewRiver outperforms retail market as occupancy recovers to five-year high
Regional shopping centre group NewRiver REIT outperformed the wider retail market in the year to the end of March as the firm claimed the sector’s recovery was now in full swing.
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OnlineAnnual NAV and portfolio values nudge up at Sirius
Sirius Real Estate has posted a small rise in net asset value (NAV) and portfolio value in an indication that outwards yield movement in the property sector has eased.
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OnlineWatkin Jones agrees forward-funding deal on Belfast BTR scheme
Watkin Jones and Lacuna Developments have agreed a deal with Legal & General and Clanmil Housing Association to forward-fund the Loft Lines build-to-rent (BTR) scheme in the Titanic Quarter in Belfast.
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OnlineLSL completes franchising move
LSL Property Services has completed the final stage of franchising its 183-strong estate agency branch network.
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OnlineProperty Franchise Group appoints SME expert Noyce to board
Estate agency network The Property Franchise Group has appointed Claire Louise Noyce as a non-executive director.
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OnlineBritish Land launches Innovation Advisory Council to support life science and innovation growth
British Land has established an Innovation Advisory Council of five leading academics and executives who will advise it on the development of 1.9m sq ft of lab and innovation space.
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OnlineHarcus Parker vows to continue legal fight against Home REIT
Law firm Harcus Parker has vowed to continue with its legal action against Home REIT, despite the social housing provider blaming its woes on a former adviser.
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OnlineHome REIT blames investment adviser for woes following internal investigaton
The board of under-fire social housing group Home REIT has claimed investment adviser Alvarium did not inform it of problems with its portfolio, following an internal probe into alleged wrongdoings.
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OnlineLendInvest sells BTL portfolio for £243m
LendInvest has sold a portfolio of buy-to-let residential mortgages to Chetwood Financial for £243m.
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OnlineSirius agrees early new lending deal
Sirius Real Estate has agreed an early refinancing of the company’s next major debt expiry with German lender Deutsche Pfandbriefbank.
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OnlineCapReg shows improvement but footfall remains below pre-Covid levels
Shopping centre group Capital & Regional saw footfall during the four months to the end of April rise 4.8% compared to 2022, but it remains below pre-pandemic levels.
