All articles by Tanya Ashreena – Page 2
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Online
UK commercial property fund returns steady in Q3
The unlisted real estate funds sector delivered returns of 2.2% in the three months to September 2017, the same performance as in the second quarter, according to the AREF/IPD UK Quarterly Property Fund Index.
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Online
Pound strengthens against euro on Catalonia
The pound strengthened against the euro on Monday, as the common currency weakened on the growing crisis in Catalonia.
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Online
THE WEEK AHEAD: Redefine to reveal final figures
There’s not a great deal from the property world in the company diary this week, until we get to Thursday, when FTSE 250 real estate investment trust (REIT) Redefine International reveal its full year figures.
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Online
IWG shares plunge 32.22%
Shares in IWG, the serviced office giant formerly called Regus, tumbled down 32.22% on Thursday following a profit warning.
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Online
SEGRO contracts £8.8m of new headline rent in Q3
SEGRO has reported strong leasing figures for the third quarter, contracting £8.8m of new headline rent, including £3.8m in rent from existing space.
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Online
LondonMetric sells two DFS retail stores for £14m
LondonMetric has announced the sale of two DFS retail properties in Swindon and Swansea for £13.9m, on behalf of its DFS joint venture.
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News
BrickVest goes on hiring spree after fundraising
BrickVest is hiring up to 15 new employees and searching for larger offices following a £7m fundraising round led by German real estate lender Berlin Hyp earlier this month.
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Online
Foxton’s shares jump
Foxton’s shares were up 7.53% on Wednesday despite the estate agent reporting a seventh consecutive fall in quarterly revenue in its latest trading update to investors, blaming “challenging conditions” in the London housing market.
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Online
Merlin Entertainment plunges
Shares in Merlin Entertainment sank 15.94% on Tuesday, following a trading update in which the theme park operator said it expected its annual earnings (EBITDA) to rise just 1-3% , compared to 4-6% previously.
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Online
Opus Land to develop £19m Lemington Spa retail park
Opus Land has unveiled plans to develop a new £19m retail development, The Stove Works Retail Park, in Royal Leamington Spa.
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Online
Principality provides £50m to Welsh housing associations
Principality Building Society’s commercial team will provide £50m in loans to housing associations in Wales.
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Online
Maslow Capital makes seven new appointments
Maslow Capital has announced seven new hires across origination, risk, marketing and operations to provide the necessary resources to grow the business.
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Professional
Pound struggles for direction ahead of May’s Brexit meeting
Sterling swung between gains and losses on Monday ahead of a dinner attended by UK PM Theresa May, European Commission President Jean-Claude Juncker and EU’s chief Brexit negotiator Michel Barnier.
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Online
L&G sells Cardiff’s Two Central Square for £56.5m
Legal General Capital has announced the sale of Two Central Square in Cardiff to Credit Suisse Asset Management for £56.5m, reflecting a net initial yield of 6.25%.
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Online
Venn Partners closes third bond financing under £3.5bn PRS government guarantee scheme
Venn Partners has announced the close of its third sale of bonds under the £3.5bn private rented sector (PRS) housing guarantee scheme it manages for the UK government.
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Online
Inland Homes shares rise
Shares in Inland Homes rose by 1.09% on Thursday after the UK brownfield regeneration specialist and housebuilder reported strong growth in NAV and profits in full year results.
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Online
AEW UK REIT to raise £40m
AEW UK REIT has announced it will launch a £40m equity raise, with the ability to increase the size to £60m, depending on demand.
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Online
MSCI announces promotions and new hire
MSCI has promoted Jay McNamara to global head of real estate and a member of the MSCI executive team and Ken O’Brien to head of client coverage for EMEA.
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Online
FTSE 100 rebounds
The FTSE 100 rose 0.38% to 7,313.51 points on Wednesday, lifted by a weaker sterling.
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Online
Inland Homes reveals rise in NAV
Inland Homes has reported strong growth in NAV and profits in full year results.