All Propcos articles – Page 8
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Online
Property Franchise Group posts leap in annual profit
Property Franchise Group has posted a 38% leap in profit off the back of a 13% rise in revenue for the year to the end of December.
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Online
Sirius posts 8% rise in annual rent roll
Sirius Real Estate has told investors that its annual rent roll across its German and UK portfolios increased by 8.1% in the year to the end of March.
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Online
Telford Homes and Notting Hill Genesis secure £66m forward-sale of London BTR scheme
Telford Homes, Notting Hill Genesis and London BTR Investments have agreed a £66m forward-sale of the build-to-rent (BTR) element of the Gallions Quarter site at Royal Albert Wharf, in London’s Royal Docks.
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News
Home REIT further delays deadline for potential Bluestar takeover
Scandal-hit Home REIT has further delayed the deadline for a decision on a potential takeover by Bluestar Group.
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Online
Workspace posts positive trading update ahead of annual results
Workspace Group has told investors that it is benefiting from “continued resilient levels of customer demand” in an end-of-year trading update.
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Online
Values fall 4.7% at NewRiver REIT
NewRiver has revealed a 4.7% fall in the value of its regional retail portfolio over the year to the end of March.
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Online
LendInvest boosts AUM by 20%
LendInvest’s assets under management increased 20.5% in the year to the end of March, the group has told investors.
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Online
LXI REIT posts 8% valuation fall
LXi REIT has revealed an 8% fall in the value of its long-income portfolio as it suffers from industry-wide outward yield movement.
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Online
Helical provides trading update ahead of annual results
Helical has said it is well-placed to “capitalise on the ongoing market dislocation and structural trends” in a trading update ahead of its annual results in May.
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Online
UKCM secures three new lettings
UK Commercial Property REIT (UKCM) has secured new leases across three separate assets at a combined weighted premium of 40% to previous passing rent.
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Online
Home REIT suffers new tenant blow as it updates investors on review
Troubled residential group Home REIT has suffered another blow following news that its largest tenant has slipped into arrears four weeks after entering voluntary administration.
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Online
M7 Regional E-Warehouse REIT post maiden annual results
M7 Regional E-Warehouse REIT has posted its maiden results following its listing on the International Property Securities Exchange.
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Online
NAV slumps at UKCM due to outward yield movements
UK Commercial Property REIT (UKCM) has posted a slump in net asset value from £1.3bn to £1bn in the year to the end of December.
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Online
GPE completes retail lettings at Oxford Street scheme with Fragrance Shop deal
Great Portland Estates (GPE) has signed The Fragrance Shop for a new store concept in London at 70/88 Oxford Street, completing the line-up at the development.
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Online
Cineworld cancels sell-off as it strikes deal to exit bankruptcy
Cineworld has cancelled plans to sell its businesses in the UK, the US and Ireland after failing to find a buyer.
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Online
Hammerson sells Paris shopping centre stake for £144m
Hammerson has sold its 25% stake in the Italie Deux shopping centre in Paris to IKEA-owned Ingka Centres for €164m (£144m).
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Online
Blackstone agrees terms of £500m takeover of Industrials REIT
Private equity giant Blackstone is close to securing a £500m takeover deal for Industrials REIT after the companies agreed the terms for a possible cash offer.
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Online
Warehouse REIT sells £54.7m of assets in disposal drive
Warehouse REIT has continued it disposal strategy by selling a further tranche of assets for £54.7m.
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Online
Supermarket Income REIT hits acquisition trail after £430m Sainsbury’s sale
Supermarket Income REIT is targeting up to £250m of acquisitions following the £430.9m sale of its Sainsbury’s portfolio back to the supermarket giant, Property Week can reveal.
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Online
LondonMetric sells five industrial units for £34.8m
LondonMetric Property has exchanged on the sale of five warehouse and industrial assets in two transactions for £34.8m