All Propcos articles – Page 8
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Knight Frank IM promotes Styles to chief investment officer
Knight Frank Investment Management (KFIM) has appointed John Styles as chief investment officer (CIO), following Matthew McDonald’s promotion to chief executive.
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Picton wins permission for Angel Gate resi conversion in City
Picton has secured planning permission for a residential conversion of it Angel Gate scheme in the City of London under residential permitted development rights.
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NAV dips at Custodian, but rents rise
Net asset value (NAV) at Custodian Property Income REIT dipped 1.4% during the three months to the end of September.
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Barkby and Meadow Partners form £250m roadside asset JV
Barkby and US private equity group Meadow Partners have joined forces to build a £250m portfolio of roadside real estate sites.
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CBRE expands investment banking team with Sera tie-up
CBRE has joined forces with global investment real assets adviser Sera Global to bolster its investment banking team.
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M7 Regional E-Warehouse REIT plans restructure and pauses dividends after NAV fall
M7 Regional E-Warehouse REIT revealed that it is planning to restructure after pausing dividend payments, following a 13% hit to net asset value (NAV) and its announcement that it is exiting the International Property Securities Exchange (IPSX).
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Foxtons hit by slow house sales, but rental market provides 5% revenue boost
Foxtons has been hit by a 18% fall in sales due to the tough housing market in the nine months to the end of September, but said a strong rental market had mitigated the decline.
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Fidelity buys WeWork office block in London
Fidelity International has acquired 99 Queen Victoria Street in the City of London from troubled serviced office group WeWork.
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British Land appoints former Kennedy Wilson president to board
British Land has appointed industry veteran and former Kennedy Wilson president Mary Ricks as a non-executive director.
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Rental income grows at PHP as it completes Johannesburg listing
Primary Health Properties (PHP) added £3.3m to its rent roll in the nine months to the end of September, improving on last year’s growth in income.
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Ilke Homes formally enters liquidation
Modular housebuilder Ilke Homes has formally entered liquidation with debts of more than £319m set to go unpaid.
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Vistry to take £40m hit to profit as it closes private home sales unit
Housebuilding giant Vistry has told investors that it expects a £40m hit to its profits after it shut its private housebuilding arm down to focus solely on affordable housing partnerships.
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NAV nudges up at Impact Healthcare
Impact Healthcare has posted a 1.3% rise in net asset value (NAV) during the three months to the end of September.
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OnTheMarket founder slams £99m takeover deal
The founder of OnTheMarket said he will vote against the £99m offer from information group Costar for the estate agency-backed property portal.
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OnTheMarket agrees £99m takeover deal
OnTheMarket has agreed to be taken over by US commercial real estate information group CoStar in a £99m deal.
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Research finds housebuilders prioritise billions in dividends over housebuilding
The UK’s eight largest housebuilding firms paid shareholders £16bn in dividends over the past 18 years, according to research from housing experts at Sheffield Hallam University.
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SEGRO reveals strong rental growth over first nine months of 2022
SEGRO has reported strong rental growth for the year to date and a positive outlook on the back of an active asset management programme.
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Barratt withholds usual figures ahead of AGM
Housebuilding giant Barratt has failed to provide a full-year profit forecast in its latest update to investor, citing the uncertain outlook.
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Bellway profits fall 18% in challenging housing market
Housing giant Bellway suffered an 18% slump in profit in the year to the end of July as home completions and revenue also fell.
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Tritax Big Box REIT agrees £500m RCF
Logistics group Tritax Big Box REIT has agreed a £500m sustainability-linked unsecured revolving credit facility (RCF) with a syndicate of its existing relationship banks and new lenders.