Watkin Jones: Property developer lowers profit guidance warning of ‘slow’ outlook August 21, 2024 Property developer Watkin Jones has warned investors that a “slower than expected” summer market and “uncertainty” over the pace of interest rate cuts will weigh on its full year results, as it lowered profit guidance. In a trading update, the Aim-listed firm, which in its half-year results in May returned to profit thanks to a [...]
Empiric Student Property rental growth strong as re-booking set to reach record high August 15, 2024 Empiric Student Property’s like-for-like rental growth hit 10.5 per cent in the first half of its 2024 financial year as the demand for student property exceeded demand. The firm, which owns and operates student accommodation at top UK universities, reported revenue growth of 2.7 per cent over the six months to 30the June. Adjusted earnings [...]
A former royal residence in Little Venice could be yours… for £26m August 6, 2024 A former royal residence in Little Venice that was once owned by Irish-American dancer Michael Flatley has gone on the London property market for a cool £26m.
Regional REIT: Boost to bottom line as it looks beyond emergency capital raise August 5, 2024 Embattled real estate investment trust Regional REIT was given a boost from exchanges on six big leases in the three months to June, helping it achieve a double digit net rental uplift since the start of the year.
Newriver’s Ellandi acquisition gives boost to results as firm eyes up Capital & Regional bid August 5, 2024 London-listed Newriver REIT's acquisition of Elandi Management helped it buck the downward trend plaguing much of its sector to post a strong operational performance in its first quarter as it tries to sew up a deal for rival REIT Capital & Regional.
Rightmove urges Reeves to keep stamp duty threshold for first-time buyers as it posts ‘solid but uninspiring’ results July 26, 2024 Property giant Rightmove has called on the Government to retain the stamp duty threshold for first-time buyers, as it announced a solid but “uninspiring” set of results. Revenue at Rightmove rose by seven per cent to reach £192.1m, “as both agents and new homes developers renewed contracts, upgraded their packages and invested in additional products”, [...]
Grainger snaps up Manchester landmark in £31m deal July 24, 2024 Residential property giant Grainger has snapped up a £31m build-to-rent scheme located in one of Manchester's most thriving neighbourhoods.
Walkie Talkie: Loss almost doubles to £150m at City of London landmark July 23, 2024 The company behind the 'Walkie Talkie' building in the City of London saw its operating loss more than double to almost £150m during its latest financial year, it has been revealed.
FTSE 100 today: Blue-chip set to rise ahead of key earnings reports July 22, 2024 Asian stocks fell as Joe Biden exited the election race, China cut rates. Focus on earnings reports from major tech and banking firms.
Bloomsbury: London’s literary hub set for £400m revamp July 21, 2024 Bloomsbury is set to get a £400m facelift thanks to a collaboration between some of the area's most influential landowners including Bedford Estates and Kimpton Fitzroy London.