British Land ups guidance amid pivot into retail parks Property Property giant British Land has upped expectations for the year as the group continues its push into retail parks. In its half-year results for the six-month period to 30 September, which were published this morning, the real estate investment trust upped its outlook for earnings per share from 27.9p to 28.1p. Meanwhile, the group’s EPRA [...]
Home REIT set to pay off Scottish Widows debt in step toward closure Property Scandal-hit homeless housing investor Home REIT said it was on the cusp of paying off its debts to Scottish Widows this morning after offloading swathes of its property portfolio at cut prices this year. In an update to the market today, the former FTSE 250 firm said it had sold another 11 per cent of [...]
Brookfield wins round Tritax Eurobox in £1.1bn tie-up Property In a statement to the market this morning, the boards of the two companies said they reached an agreement on a £1.1bn deal.
Scandal-hit Home REIT set to wind down July 16, 2024 Scandal-hit social housing investor Home REIT is set to wind down after failing to pay off a huge debt pile and struggling under the costs of a slew of legal battles and a probe from the City regulator.
West End landlord GPE ready to ‘accelerate into favourable conditions’ July 4, 2024 In an update ahead of its Annual General Meeting (AGM) the real estate investment trust (REIT) said it had signed 12 new leases between April and the end of June.
Mark Kleinman: Challenging times for challenger banks June 27, 2024 Mark Kleinman is Sky News’ City Editor and is the man who gets the Square Mile talking in his weekly City A.M. column. Today, he looks at challenger banks, Carlsberg's Britvic play and office space woes
Home REIT refinancing talks fall apart in blow to scandal-hit housing fund June 17, 2024 Home REIT’s efforts to renegotiate the terms of its £130m debt pile have fallen apart in a blow to the embattled social housing fund as it scrambles for stability after a string of scandals.
Home REIT starts suing its own tenants as shareholders and regulators circle May 7, 2024 The former FTSE 250 investor said it had collected £300,000 of its total rent in April, just 11 per cent of the total billed amount for the month.
Next REIT to go? Balanced Commercial Property joins long list mulling sale April 15, 2024 In a stock exchange announcement today, Balanced Commercial Property's board said it would be kicking off a strategic review to consider the future of the trust.
Abrdn Property Income chair blasts ‘misleading’ comments in bidding war March 21, 2024 Urban Logistics REIT has backed down from its bidding war over Abrdn Property Income trust after failing to make a formal offer for the real estate investment trust. Less than an hour before the 5pm deadline yesterday set out by the UK takeover code, the trust announced that it would not be proceeding with an [...]