All Propcos articles – Page 5
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OnlineNAV dips at Custodian ahead of abrdn merger
The regional real estate investor has posted a 1.3% quarterly fall in net asset value across its 158 assets in its portfolio.
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OnlineGrainger posts 8.3% rental growth
The residential property giant has told investors it saw “strong rental growth” in the four months to the end of January.
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OnlineUKCM completes London office sale, but posts NAV year-end dip
UK Commercial Property REIT (UKCM) has completed the sale of its Craven House office development in London’s West End for £22m.
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OnlineSpringfield signs £15m affordable housing contract
The Scottish housebuilder has signed an agreement with Highland Housing Alliance for the delivery of affordable housing.
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OnlineRound Hill secures £115m loan to fund Manchester BTR scheme
Global investment firm Carlyle has agreed the loan to fund construction of a luxury build-to-rent scheme in the city.
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OnlineLSL completes Tenetlime acquisition
LSL Property Services acquires TenetLime’s network of 231 mortgage and protection advisers.
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OnlineHome REIT seeks refinancing deal as only 10% of January rent collected
The recently refocused trust told investors it would “consider alternative finance options”.
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OnlineLSL expects stronger 2024 figures after revenue slump in 2023
The estate agency group expects profits for its current financial year to be “materially ahead” of its 2023 figure.
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OnlineTarget Healthcare posts robust quarterly figures
The care home investor has reported its fourth consecutive quarter of net tangible asset (NTA) growth.
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OnlineReSI posts quarterly rental growth despite NAV dip
The REIT’s income has risen but the value of its portfolio has nudged down.
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OnlineHarworth produces positive full-year update
Developer expects net disposal value (NDV) to be ahead of forecast for year to end of December.
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OnlineDowning acquires residential solar portfolio for £26m
The investment manager has purchased 4,200 installations across England and Wales
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OnlineTritax provides positive annual update to investors
Tritax Big Box REIT achieved a 6.9% increase in like-for-like rent reviews during 2023.
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OnlineMcLaren secures £65m forward funding of Manchester student asset
Barings has provided the loan for the part-new-build, part-refurbishment scheme.
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OnlineNAV dips at AEW UK REIT
Group posts 2.3% fall in net asset value for three months to the end of December.
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OnlineClemett to step down as CEO of Workspace
Flexible office firm’s chief executive to step down after 16 years with the group.
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OnlinePPHE delivers positive trading update
PPHE Hotels expects revenue to beat previous expectations of £400m.
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OnlineLettings surge mitigates 14% sales drop at Foxtons
London estate agent hit by fall in sales during 2023, but rental income helped it beat profit expectations.
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OnlineI-RES repeats plea to investors to reject activist investor proposals
The board of Irish Residential Properties REIT has urged investors to vote against all resolutions proposed by Vision Capital, a 5% shareholder in the company.
