Watkin Jones: Property developer lowers profit guidance warning of ‘slow’ outlook Property 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 [...]
PRS: Strong growth at build-to-rent specialist property PRS's 5,396 completed homes across the fourth quarter had an estimated rental value (ERV) of £65.1m, as of 30 June.
Savills: ‘Maturing’ build-to-rent market needs staggering £300bn to meet demand Property The build-to-rent sector needs a total of £300bn of investment if it is to meet future levels of demand even after the sector has begun to emerge as "a mainstream investment in the UK", Savills has warned.
Build-to-rent giant PRS records double-digit profit growth as home shortage boosts rents March 20, 2024 Overall, the group reported adjusted earnings of £18.7m, up 11 per cent and a profit before tax of £30.3m, up 106 per cent year-on-year.