All articles by Tanya Ashreena – Page 5
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Online
EPRA petitions European Commission to cut Solvency II capital weightings
The European Public Real Estate Association (EPRA) has called on the European Commission to change the EU’s capital requirement rules for insurers under the Solvency II directive, so that listed real estate is treated like direct property investment.
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Online
Dalata Hotel shares surge
Shares in Dalata Hotel jumped 7.31% after the Irish hotel chain reported record profits in the first half of 2017.
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Online
Charter Court announces IPO to raise £20m
Specialist UK lender Charter Court Financial Services Group has announced its intention to proceed with an initial public offering (IPO) of £20m and has said it will also join the London Stock Exchange in the coming months.
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FTSE 100 dips on macroeconomic concerns
The FTSE 100 was down 0.36% on Monday, as concerns over North Korea’s nuclear tests weighed on global markets.
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Online
Revenues surge at Cairn Homes
Cairn Homes reported a 157% increase in revenue to €41.2m in the first half ending 30 June 2017, compared to €16m over the same period last year.
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Dalata Hotel reports record profits
The Dalata Hotel Group has reported a 24.4% increase in revenue to €161.8m (£149m) for the first half of 2017, compared to €130.1m over the same period last year.
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Online
Redrow posts record revenue and profit
Redrow has revealed a 20% leap in revenue to a record £1.66bn for the year to 30 June, and announced that chairman Steve Morgan would be stepping back into a non-executive role.
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Online
Strawberry Star secures £21m loan from OakNorth
OakNorth has lent £21m to Strawberry Star for a mixed-use development in Wandsworth.
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Online
Pound lifts FTSE 100
The FTSE 100 index ended up 0.11% to 7,438.50 points, lifted by the stronger pound and positive UK manufacturing data.
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Online
NATIXIS Pfandbriefbank arranges €157m mortgage for AUREC
NATIXIS Pfandbriefbank has arranged a seven-year €157m (£144.63m) mortgage for a consortium led by AUREC to fund the acquisition of the Eschborn Plaza office complex in Frankfurt.
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Online
VIA Outlets to acquire £109m Norwegian outlet
VIA Outlets has signed an agreement to acquire Norwegian Outlet Oslo from family-owned Glastad Holding and Fortus AS for a net price of 1.1bn Norwegian kroner (£109.15m).
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Online
Supermarket Income REIT acquires Sainbury’s Superstore in Ashford for £80m
Supermarket Income REIT has acquired the freehold of the Sainsbury’s Bybrook Superstore in Ashford, Kent from National Farmers Union Mutual Insurance Society for £80m.
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News
China Evergrande’s share values surge on back of strong results
China Evergrande’s share price surged by as much as 18.7% this week, after the Hong Kong-listed property developer revealed strong results for the first half of the year.
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Online
Restaurant Group shares soar
Source: freeimages.com Shares in the Restaurant Group jumped 8.93% on Thursday, as the company said it was making “good progress” on its turnaround plan, despite reporting a fall in sales earlier in the day.
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Online
Allied London secures £16.5m loan for St. John’s scheme
Allied London has acquired a £16.5m senior loan to finance its St. John’s scheme.
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Online
Redefine International announces £26m BMW showroom sale
Redefine International has completed the sale of its Sytner BMW showroom in High Wycombe for £26.1m to a UK pension fund.
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Online
Harworth acquires two key Midlands sites
Harworth Group has acquired two strategic land sites in the Midlands to accelerate the expansion of its land bank.
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Online
Berkeley Group’s shares dip
Shares in Berkeley Group fell 0.59% on Wednesday, despite an announcement the housebuilder would be bumped up to the FTSE 100.
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Online
Geopolitical concerns weigh on FTSE
Source: freeimages.com The FTSE 100 was down 0.87% to 7,337.43 points on Tuesday, as investors stayed cautious North Korea’s missile test over Japan.
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Online
Grainger to acquire £80m PRS scheme in Salford
Grainger has announced it has conditionally agreed to acquire a private rented sector (PRS) development at Gore Street, Salford for around £80m from Euro Car Parks and the English Cities Fund.