BGO secures Victoria’s largest ever pre-let as firm relocates HQ September 23, 2024 Finance services firm set to relocate HQ from Mayfair to 105 Victoria Street after it signed the largest pre-let in Victoria's history.
Real Estate Investors: Property downturn ‘at or near the bottom’ September 23, 2024 "A normalising market backdrop will contribute to more rapid sales and debt repayment, allowing us to execute our strategy and return capital to shareholders, whilst continuing to pay a covered dividend," he said.
Newriver REIT raises £50m for Capital & Regional bid September 19, 2024 Local shopping centre owner Newriver REIT has successfully raised over £50m via a share issue to fund its bid of peer Capital & Regional. On Wednesday, Newriver REIT announced a possible cash and share offer for Capital & Regional, which would create a shared property portfolio of £890m. At the same time, Newriver announced the [...]
Mike Ashley’s Frasers Group buys city hot spot September 13, 2024 Mike Ashley’s retail empire, Frasers Group, has acquired a major shopping centre in Lancaster. St Nicholas Arcade has been snapped up by the Derbyshire-headquartered listed giant in a move which it has described as “further strengthening the group’s commitment to physical retail in the UK”. Frasers Group added that the 160,000 sq ft shopping centre [...]
Howard de Walden: Loss more than doubles at London property empire September 11, 2024 The London property empire which includes Marylebone Village and Harley Street saw its pre-tax loss more than doubled during its latest financial year. Howard de Walden Estates Holdings, which also includes some of the capital’s prime shopping areas as well as hundreds of homes, has reported a pre-tax loss of £254.2m for the year to [...]
Capital & Regional: Praxis out of the running to buy shopping centre giant September 10, 2024 Shares in Capital & Regional have fallen by 14 per cent after a prospective bidder for the UK shopping centre owner said it was bowing out of the process. Praxis, a London-based property investor, said it doesn’t intend to make an offer for the listed company – which owns shopping malls in Edinburgh, Hemel Hempstead [...]
Regional REIT on ‘much stronger footing’ after emergency capital raise September 10, 2024 Commercial property specialist Regional REIT has reported a relatively robust first half despite an emergency capital raise earlier this year and a still-challenging commercial property market. The London-listed firm, which in June issued a £110m capital raise to stave off liquidation, said it had paid off in full its £50m retail bond and that the company is [...]
Citypoint tower up for sale as owner seeks cut-price deal September 2, 2024 Canadian asset manager Brookfield has put Citypoint tower up for sale in what could be the biggest commercial office sale in the capital all year. Brookfield has reportedly started the sale in the hope of avoiding a default on a £460m loan secured on the building, according to the FT, which it previously extended in [...]
Tallest skyscraper outside London approved August 29, 2024 Plans to build the tallest skyscraper outside London have been approved by leaders in Manchester. Standing at 71 storeys and 213 metres tall, the skyscraper will surpass the height of the previous record holder outside London – Manchester’s Deansgate Square South Tower – which is 201 metres high. However the new skyscraper, which is to [...]
Derwent London upgrades rental guidance thanks to ‘world class’ London August 8, 2024 An acceleration in rental growth and a more stable investment environment has helped office giant Derwent London upgrade its rental guidance off the back of “really active demand”, its boss said. In its half-year results this morning, the FTSE 250 office specialist said its income grew but valuations continued their decline. Derwent, which owns flagship [...]