Property Week News Feed

Property Week News Feed
Updated: 56 min 43 sec ago

Sports Direct considers cash offer for Debenhams

Mon, 03/25/2019 - 20:42
Sports Direct is considering a cash offer to buy Debenhams in the latest attempt by the sports retailer to gain control of the ailing department store.
Categories: Property

Hansteen shares rise on results

Mon, 03/25/2019 - 20:38
Hansteen’s share price rose 3.5% on Monday to 96p after it revealed a fall in NAV caused by distributions to shareholders following disposals in its full-year results.
Categories: Property

Gareth Bale-backed rowing gym secures debut site

Mon, 03/25/2019 - 16:21
A new rowing fitness concept backed by Real Madrid footballer Gareth Bale is set to launch its debut site in London this summer.
Categories: Property

PropBike 2019

Mon, 03/25/2019 - 16:16
Commercial property portal PropList is to launch a free, cycling-themed networking event later this year.
Categories: Property

Property Awards 2019 shortlist party

Mon, 03/25/2019 - 15:21
The finalists of the 2019 Property Awards celebrated making the shortlist for this year’s event at a party in London last week.
Categories: Property

F&C warns of market volatility as rental income remains flat

Mon, 03/25/2019 - 14:00
F&C Real Estate Investments has warned of “a period of market volatility and heightened levels of risk aversion from both occupiers and investors” ahead as it said it had experienced six months of challenging conditions.
Categories: Property

Benson Elliot lets former BHS store in Wolverhampton

Mon, 03/25/2019 - 13:29
Benson Elliot has signed up four new retailers to its Mander Centre, in Wolverhampton, including the letting of a former BHS store.
Categories: Property

William Hill demands 50% rent cuts

Mon, 03/25/2019 - 12:59
William Hill has written to landlords across its estate asking for rent cuts of as much as 50%.
Categories: Property

Homes England provides £224m funding for 4,500 homes

Mon, 03/25/2019 - 12:53
Homes England will provide £224m of funding to social housing providers Guinness and Stonewater for the delivery of 4,500 homes by 2022.
Categories: Property

Retirement Villages Group appoints new chief executive

Mon, 03/25/2019 - 12:44
Retirement Villages Group has appointed Will Bax as its new chief executive.
Categories: Property

Aviva forward funds Manchester hotel and car park

Mon, 03/25/2019 - 11:07
Aviva Investors has completed the £45m forward funding of a development plot in Manchester city centre.
Categories: Property

Hansteen founders set to cash in on multi-million pound share awards

Mon, 03/25/2019 - 10:30
Hansteen’s founders Morgan Jones and Ian Watson are set to cash in around £7m of shares after receiving another chunk of stock worth around £22m between them at the end of 2018.
Categories: Property

Chancerygate and Hines acquires two development sites

Mon, 03/25/2019 - 09:50
A joint venture between industrial developer Chancerygate and Hines has acquired two sites with a combined GDV of around £50m.
Categories: Property

Scarborough and L&G secure pre-let at Thorpe Park

Mon, 03/25/2019 - 09:35
Scarborough International Properties and joint venture partner Legal & General have secured an office pre-let at Thorpe Park Leeds.
Categories: Property

WeWork takes Moorgate space

Mon, 03/25/2019 - 09:05
WeWork has completed a deal to lease the entire space at 12 Moorgate, in the City of London.
Categories: Property

Debenhams share price crashes in response to cash call

Mon, 03/25/2019 - 08:01
Debenhams’ share price plummeted 45% on Friday to 1.59p after the company looked to raise £200m but warned the action may “result in no equity value for the company’s current shareholders”.
Categories: Property

LondonMetric sells two Yorkshire warehouses for £67m

Mon, 03/25/2019 - 08:00
LondonMetric has sold two logistics warehouses, in Sheffield and Wakefield, for £67m to Exeter Property Group.
Categories: Property

Debenhams looks to raise £200m

Fri, 03/22/2019 - 16:45
Debenhams’ share price plummeted 61% after it announced it is looking to raise £200m from its existing investors.
Categories: Property

Paperchase CVA gets green light

Fri, 03/22/2019 - 15:36
Paperchase’s creditors have approved its CVA proposal, which will see rents reduced on almost 100 stores.
Categories: Property

Supermarket income REIT raises £45m from share issuance

Fri, 03/22/2019 - 13:35
Supermarket Income REIT has raised £45m from its share issuance, surpassing its target of £40m.
Categories: Property