Not another one? Abrdn property trust moves to shutter May 20, 2024 Another Abrdn trust has moved to shutter after struggling to drum up enough interest from investors, as the number of trusts continues to decline rapidly. The £234m Abrdn European Logistics Income trust, which focuses on the European property market, reached the conclusion of its strategic review that in began in December, with its board recommending [...]
Helical sells stake in new City of London development to Orion Capital May 20, 2024 "We are pleased to be partnering with Orion Capital Managers on the development of this best-in-class, carbon friendly new building, to be completed in Q1 2026," Helical boss said.
British Land sells stake in Meadowhall Shopping Centre at a premium May 20, 2024 The transaction values the entirety of the Sheffield shopping centre at £734m,.
House prices rise as spring selling season boosts UK property market May 20, 2024 The average price of UK property coming to the market reached record levels in May, rising by £2,807, as the spring selling season lends itself to the recovery of the housing market.
Nine in 10 landlords raise rents for existing tenants May 20, 2024 Tenants in Britain now face larger rent increases from renewing their existing contract instead of moving to a new property, new figures show, as landlords move closer towards open market rates.
Chinese central bank holds rates after authorities unveil historic property sector rescue May 20, 2024 The Chinese central bank maintains its key lending rates following the unveiling of a historic property sector rescue plan by authorities.
FTSE 100 today: London markets set to open higher, echoing global trends May 20, 2024 Asian markets rose with Wall Street, but an Iranian president's helicopter crash shook oil prices. Investors awaited Nvidia's Q1 earnings.
FTSE 100 today: London markets set for muted opening as global stock rally cools down May 17, 2024 Asian stocks fell as Wall Street's rally faded, oil prices surged. Reddit shares soared. Land Securities' results and EU inflation eyed.
China’s April economic data disappoint: recovery in domestic demand hits a snag May 17, 2024 China faced a bit of a setback on the economic front in April, disappointing market expectations.
Investment in London’s industrial market slumps to decade low as online sales fades May 16, 2024 Investment into London's industrial market has slumped to a decade low as demand for the likes of warehouse and logistic sites fades following a boom during the pandemic.