Latest Finance News
Industry heavyweights Hyman and Hopkins target £500m listing for new investment group
Industry veterans including Primary Health Properties founder Harry Hyman and former Workspace head Jamie Hopkins launch venture.
Roadside Real Estate to undertake £100m acquisition spree this year
The group intends to deploy the funds before the end of the year and has expanded its medium-term target pipeline to £250m.
PBSA investment surges to £750m in first quarter of year
Knight Frank reports strong performance for the sector despite volumes being down compared with recent years’ peaks.
Commercial real estate new lending dives to lowest level in a decade, Bayes reports
Bayes’ bi-annual real estate report shows significant year-on-year decline in new lending.
Cain International reveals merger with Blackbrook Capital
The merged group of Cain International and Blackbrook Capital will bring the firms’ combined assets under management to over $17bn (£13.6bn).
SGS completes shopping centre £445m refinancing with Lloyds
SGS owns the former intu centres in Lakeside in Essex, Atria Watford, Victoria Centre in Nottingham and Braehead near Glasgow.
Irish housebuilder Glenveagh’s forward order book rises to €963m
Irish housebuilder Glenveagh Properties has issued a robust trading update ahead of its annual general meeting on Thursday.
Logistics and living sectors expected to top capital deployment lists, says Knight Frank
Investors face a six- to nine-month window to capitalise on current pricing.
Custodian produces solid final quarter figures
The group also revealed a 9% increase in its target dividend from 5.5p to 6p.
US capital swoops into UK commercial property with 64% year-on-year growth
London recorded its highest share versus the rest of the UK in almost a decade, new research has found.
Investec promotes Goolab as head of private client real estate lending
She will lead a shift towards targeting more lending in the living sector.
Springfield signs £10m affordable housing contract with Scottish council
The contract is part of the Moray Growth Deal, designed to boost economic performance of the north-east Scottish region.
Premier Inn owner Whitbread to close loss-making restaurants and expand hotel business
Whitbread plans to sell 126 branded restaurants over the next 24 months and convert 112 into hotel rooms.
Grosvenor reports fall in asset values and profits for 2023
Pre-tax profit at Grosvenor fell by £11.2m, driven by losses in its international business.
WeWork agrees £358m bankruptcy rescue plan to shut out Neumann’s bid
The restructuring plan would effectively end Adam Neumann’s bid to buy back the firm.
UK Infrastructure Bank commits to 28,000 sq ft office space in Leeds
The bank will move into its city centre location in early summer.
CapReg bounces back from pandemic as footfall and rental income rise
The group’s net rental income rose 5% and asset valuations grew 2.6% in 2023.
SGS completes shopping centre £445m refinancing with Lloyds
SGS owns the former intu centres in Lakeside in Essex, Atria Watford, Victoria Centre in Nottingham and Braehead near Glasgow.
Investec promotes Goolab as head of private client real estate lending
She will lead a shift towards targeting more lending in the living sector.
UK Infrastructure Bank commits to 28,000 sq ft office space in Leeds
The bank will move into its city centre location in early summer.
Thriving Investments secures £20m financing from Scottish National Investment Bank
The commitment takes the Scottish bank’s total investment in the fund to £60m.
LGIM expands Unite relationship with £150m funding
The loan will be used to refinance an existing bank facility for the student accommodation giant’s Unite UK Student Accommodation Fund.
Property share prices leap but UK index loses appeal
Property Week’s analysis of 27 property firms listed across the FTSE 100 and FTSE 250 shows UK property share prices rose 9% year on year in Q1.
Gender pay gap: property firms are ‘impatient for change’
Real estate’s gender pay gap has narrowed 5% since 2017 – but companies are trying to accelerate change through diversity and inclusion initiatives.
Housebuilders see silver lining after cloudy conditions in 2023
Many housebuilders report profit falls for 2023, but they are seeing signs of recovery.
New Reserved Investor Fund set to boost UK fund offering
The government has announced it will begin legislating for the RIF in the Spring Finance Bill 2024.
Why 2024 could be a ‘vintage’ year for real estate investment
DWS UK chief executive and incoming BPF president Jessica Hardman tells Property Week about European investment trends and working through two market downturns.
Stock Market
FTSE 100 closes at record high with property stocks rising
FTSE 100 property companies enjoyed a boost with SEGRO’s share price rising 1.07%.
Property Funds
L&G UK property fund shareholders approve hybrid fund investment strategy
The structure allows for daily dealing in property, including direct exposure to UK assets and indirect investment in REITs.
PW Share Index
Review the latest share prices of the FTSE-listed property investment companies using data provided by the European Public Real Estate Association.
