All articles by Tanya Ashreena – Page 13
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Online
Safestore’s shares tumble
Shares in Safestore fell 4.57% on Thursday, after the company reported interim results for the six months ending 30 April.
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News
New JV targets student sector
Europa Capital Partners and Generation Estates have formed a joint venture called Europa Generation to manage a new UK student accommodation fund.
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Online
Wynnstay’s NAV rises 15%
Wynnstay Properties has revealed its NAV rose 15.4% to 674p in final year results to March 2017, compared to 584p over the same period last year.
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Vermont Group’s turnover to rise to £55m
Construction and development firm Vermont has revealed its turnover is expected to grow to £55m in the year ending March 2018, with a further £120m of construction orders secured beyond that date.
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Online
OakNorth completes £3.4m loan for Romford residential scheme
OakNorth has lent £3.4m to Equitable Properties to fund the acquisition and development of 27 new flats in Romford.
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Weightmans to occupy new Manchester office
Law firm Weightmans has announced a new Manchester office in the city’s commercial district.
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Willis Towers Watson relocates in major city centre deal
Willis Towers Watson is set to move to MEPC’s newly developed 5 Wellington Place, from its current location at 1 and 2 Wellington Place, in one of the largest city centre deals in the UK this year.
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UKCPT acquires 61,638 sq ft Sheffield office for £20m
UK Commercial Property Trust has completed the acquisition of a single let, Grade A office building in Sheffield from Ediston Property Investment Company for £20.2m, reflecting a net initial yield of 5%.
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Online
Settled secures £1.2m funding line
UK proptech startup Settled has received a £1.2m funding line from venture capital firms Connect Ventures and Piton Capital.
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News
M&G targets ‘big six’ UK cities in new drive
M G Real Estate is looking to step up its investment in regional offices and the industrial sector, having raised substantial new funds.
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Online
Bellway shares rise
Shares in Bellway bounced 4.4% on Wednesday after the housebuilder revealed strong demand for its homes in it latest trading update.
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Aparthotels Adagio to open in Leicester
Aparthotels Adagio has announced it is planning to expand into Leicester, with a view to opening its fourth UK Adagio property in the Midlands city in mid-2019.
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CBRE boosts London Leasing team
CBRE has hired leasing agent Jack Knivett on its City leasing team.
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Rockspring announces six senior promotions
Rockspring Property Investment Managers has announced the expansion of its senior management team with the promotion of Rod Mordey and Daniel Rubinstein to associate partner.
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KWE shares up on takeover bid
Shares in Kennedy Wilson Europe (KWE) were up 8.25% on Tuesday after Kennedy Wilson upped its offer to shareholders as prt of the $4bn transatlantic merger.
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Valuation Tribunal rules museums must be valued on net income for business rates
York Museum and Gallery Trust has won its battle with the Valuation Office Agency (VOA) in which it claimed that properties should be valued on a net income basis for business rates purposes, rather than rebuild costs.
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90 North sets up new Australia office
London headquartered 90 North has opened a new office in Sydney, Australia, Property Week can reveal.
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GCP Student Living seeks to raise £70m
GCP Student Living has announced it will seek to raise gross proceeds of £70m through the placing of shares for the acquisition of two student accommodation properties in Circus Street in Brighton and in Podium, Egham.
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Online
CBRE raises £230m for Global Investors fund
CBRE Capital Advisors’ has closed its third transaction in 2017 for CBRE Global Investors, bringing the total debt raised for the fund this year to more than £230m.
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Pound hits fresh seven-month low
Sterling hit a fresh seven-month low against the euro on Monday, falling as much as 0.86% to €1.1279, due to uncertainty following general elections results.