All Propcos articles – Page 9
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OnlineShaftesbury Capital boasts of strong start to Christmas trading
Shaftesbury Capital has reported high footfall across its West End portfolio, which has led to a 12% rise in sales for its tenants as the Christmas trading period begins.
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OnlineTR Property Investment Trust posts 3.3% rise in net asset value return
TR Property Investment Trust has posted a 3.3% rise in net asset value (NAV) return, compared with a fall of 35.5% six months earlier, as the group claimed the real estate market had turned a corner.
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OnlineLondonMetric’s values rise as logistics group bucks downward trend
LondonMetric has posted a rise in net tangible assets (NTA) in its half-year figures to the end of September, at just under £2.2bn, compared to £1.9bn six months earlier, bucking the trend of falling values in the property sector.
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OnlineNewRiver submits application for Essex resi scheme as occupancy hits record high
NewRiver REIT is seeking planning permission to demolish its shopping centre in Grays, Essex and develop a mixed-use scheme with 850-plus homes, which it plans to forward sell.
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OnlineLXi closes in on £210m deal to sell 66 Travelodge hotels
LXi REIT is close to selling more than half of its portfolio of Travelodge hotels for £210m.
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OnlineHelical swings to £93.1m loss as NAV slumps 17.5%
London-based investor Helical swung to a £93.1m loss in the six months to the end of September, against a profit of £17.2m in the same period the year before, as net asset value (NAV) slumped 17.5%.
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OnlineGrainger launches Network Rail and Bloc BTR JV as NTA and rental income rise
The UK’s largest landlord, Grainger, announced it has formed a joint venture with Network Rail and Bloc Group to deliver more than 2,000 new rental homes across major cities nationwide, as it posted a 4% rise in net tangible assets (NTA) for the year to the end of September.
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OnlineUnite Students appoints Jessica Gallop as group people director
Student accommodation giant Unite Student has boosted its executive team with the appointment of Jessica Gallop as group people director.
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OnlineWorkspace value falls lead swing to loss, but trading improves
Workspace Group swung to a pre-tax loss of £147.9m compared to a profit of £35.8m a year before, as it posted a 10.2% fall in net tangible assets (NTA) and a 6.6% fall in the value of the portfolio in the six months to the end of September.
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OnlineSiruis raises £146m to fund UK and German deals
Sirius Real Estate has raised £146.6m to fund a pipeline of acquisitions in the UK and Germany.
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OnlineShaftesbury scraps portfolio sale due to low bids
Shaftesbury Capital has scrapped plans to sell a portfolio of properties in London’s Fitzrovia district after bids fell short of expectations, according to a report.
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OnlineBritish Land and Savills report claims life sciences could grow by £4bn a year
British Land believes the UK’s life sciences market could generate an additional £4bn in gross value by 2035 if it can match the growth seen in the US, according to a report the property giant has issued in collaboration with Savills.
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OnlineGPE hails strong rental growth despite slump in NAV and valuation
Net asset value (NAV) at Great Portland Estates (GPE) slumped 14.1% in the six months to the end of September, as macroeconomic uncertainty hit valuations.
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OnlineNTA and valuations dip at Assura
Primary care property investor and developer Assura’s net tangible asset (NTA) value fell 4.1% during the first half of its financial year, as the group swung from profit to loss, its latest results show.
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OnlineWarehouse REIT to sell 2m sq ft Crewe industrial park development to reduce debt
Warehouse REIT plans to sell its Radway Green industrial park in Crewe in an effort to reduce debt.
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OnlineCFO to depart Palace Capital as group focuses on returning cash to investors
Palace Capital is set to part company with its chief financial officer Matthew Simpson following its announcement of a new strategy to maximise cash returns to shareholders.
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OnlineNAV at Picton falls but group slashes losses
Picton Property Income’s net asset value (NAV) dipped 1.9% during the six months to the end of September.
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OnlineLXi extends £60m HSBC loan
LXi REIT has agreed a two-year extension to its £60m loan facility with HSBC from its current maturity of December this year.
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OnlineBritish Land suffers NTA hit but rents show strong growth
Property firm British Land has told investors that it expects annual rental growth to be at the top end of its forecasts but yields on assets remain under pressure due to high interest rates.
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OnlineNet tangible assets edge up at Target Healthcare
Net tangible assets (NTA) at care home giant Target Healthcare nudged up 1.1% during the three months to the end of June.
