Latest Finance News
Travelodge to grow new hotel openings after identifying 300 target locations
The budget hotel operator expects openings to return to more normal levels of development as market conditions improve.
Former LXi director Gumm joins LondonMetric board
New non-executive director previously held senior roles at Nick Leslau’s ventures
CBRE Investment Management raises €750m for third green bond issue
The fund will allocate net proceeds to green projects.
Former Deutsche Bank CRE head Bull joins North Wind Capital
Property banking veteran has become director of the firm’s Luxembourg lending and securitisation vehicle.
Life Science REIT agrees record rent deal at Oxford Technology Park
ColdQuanta has agreed to pay double the previous record rent at the Innovation Quarter.
Former Sodexo chief executive joins CBRE
Julie Ennis will be responsible for leading the company’s occupier strategies.
API plans wind down after Custodian merger falls through
API shareholder votes in favour of deal fall short of the 75%-by-value threshold required.
Malaysian consortium secures £1.1bn loan for Battersea Power Station refinancing
CBRE IM advised on the refinancing of Battersea Power Station’s commercial elements.
Cala Homes reports fall in profit but maintains sales rate
Profit before tax decreased 34% to £112m in 2023, but the housebuilder delivered robust sales per site per week of 0.63.
Hollis appoints new chief executive
Andy Hay will take over from interim CEO Digby Flower, who will become chairman of Hollis.
Downing hires new investment manager
The firm has expanded its finance team with the appointment of Doug Bowley.
Investec launches real estate equity strategy with £250m deployment target
REALIS will focus on asset development or repositioning and distressed transactions over the next two years.
Avison Young promotes Jenkins to CFO
He will help develop and execute the firm’s long-term growth strategies.
Royal London Asset Management JV acquires £260m of prime farmland
The deal includes the acquisition of Waldersey Farms, which manages the land in Cambridgeshire and Lincolnshire.
Life Science REIT cuts dividend as it nears record rent deal for OTP
The firm has refinanced its debt and has sufficient liquidity to carry out its capital expenditure programme.
Half-year profit slumps at Bellway, but group sees sign of recovery in housing market
The housebuilding giant has posted a 57% drop in profit during the first six months of its financial year.
Papa Johns to close tenth of UK restaurants
The pizza chain will close the faltering sites by mid-May.
Former Sodexo chief executive joins CBRE
Julie Ennis will be responsible for leading the company’s occupier strategies.
Natwest pledges to invest £5bn in UK social housing
The funding will be distributed across the sector between 2024 and the end of 2026.
Get Living agrees £110m with Rothesay on Salford scheme
The build-to-rent operator has secured the facility to refinance its New Maker Yards neighbourhood in Salford, Greater Manchester.
AXA IM Alts secures £480m loan for City of London office scheme
The development loans is one of the largest agreed for any UK speculative scheme since the start of 2023.
City office block secures £46m refinancing
Kiwoom Securities and Hana Securities have secured the facility for their Cannon Green scheme.
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.
Consolidation: a key trend for REITs in 2024
Property Week reports on the growing trend towards mergers and acquisitions as REITs bid to increase their scale in the fight for capital access.
Q&A: AREF’s Paul Richards on ‘fair’ and ‘clear’ greenwashing rules
The Association of Real Estate Funds managing director talks about how proposed regulations will help his sector.
Sustainability strategies are a key factor in the property finance market
Lenders increasingly require property borrowers to meet specific ESG standards.
Property Funds
CBRE Investment Management raises €750m for third green bond issue
The fund will allocate net proceeds to green projects.