Home REIT to publish long-delayed accounts despite struggling to access houses February 5, 2024 Home REIT is set to publish its long-delayed accounts in the second quarter of the year despite still struggling to access scores of properties in its portfolio, the firm announced today.
Custodian Property on brink of £237m merger with Abrdn Property January 19, 2024 Custodian Property Income REIT (CREI) is on the verge of a £237m merger with Abrdn Property Income Trust (API), creating a new trust holding £1bn in property. Both groups have recommended an all-share merger, combining their 200 different property assets together, but will still need to be voted on by shareholders. The CREI board and [...]
Home REIT: Fennah heads for the exit with trail of destruction in her wake January 19, 2024 Home REIT chair Lynne Fennah announced yesterday she's finally heading for the exit - Charlie Conchie looks at why shareholders are saying it's about time.
Home REIT offloads 80 properties in latest scramble to clear debt December 20, 2023 Home REIT, the beleaguered homeless accommodation fund, has sold a further 80 properties in the latest scramble to cut its debt. In a series of updates to the London market this morning, the scandal stricken property investor said that it offloaded the homes which represented 3.6 per cent of the company’s portfolio for over £16m. [...]
Phoenix torpedoes Picton-UK Commercial Property REIT deal November 21, 2023 Phoenix Life Limited, the majority shareholder of UK Commercial Property REIT (UKCM) has torpedoed the company's merger with peer Picton.
FTSE 100 live: London slow as retail sales dip and China concerns weigh UK down August 18, 2023 The FTSE 100 continued Friday in sluggish fashion as UK retail sales fell almost double the amount expected. London’s premier blue-chip index dipped as much as 0.8 per cent in early trading, slouching at 7,251.32, 0.8 per cent down by midday. Nearing market close, it fluctuated between 0.8 and one per cent with largest caller [...]
Londonmetric swoops on smaller rival in £200m takeover May 24, 2023 Shares in listed property vehicle CT Property Trust have rocketed today after the firm announced it had struck a £200m deal to sell itself to bigger rival Londonmetric.
Civitas agrees to ‘undervalued’ £485m takeover following wave of criticism from press and shortseller May 9, 2023 London-listed social housing investor Civitas revealed it had struck an “undervalued” deal to sell itself to a Hong Kong property giant today as it looks to escape a barrage of criticism from short sellers and the media.
Home REIT: Embattled social housing investor looks to offload properties and ‘stabilise’ portfolio April 5, 2023 Scandal stricken social housing investor Home REIT said it is looking to offload some properties today as it scrambles to raise cash and “stabilise” its portfolio ahead of the appointment of a new investment adviser. In a statement this morning, bosses said the former FTSE 250 firm “continues to explore all available options” as it [...]
Blackstone close to £700m deal for commercial landlord Industrials REIT April 3, 2023 US private equity giant Blackstone is close to a £700m take-private deal with London-listed landlord Industrials REIT as it ramps up its bargain-hunt on UK property firms.