Howard de Walden: Loss more than doubles at London property empire September 11, 2024 The London property empire which includes Marylebone Village and Harley Street saw its pre-tax loss more than doubled during its latest financial year. Howard de Walden Estates Holdings, which also includes some of the capital’s prime shopping areas as well as hundreds of homes, has reported a pre-tax loss of £254.2m for the year to [...]
Capital & Regional: Praxis out of the running to buy shopping centre giant September 10, 2024 Shares in Capital & Regional have fallen by 14 per cent after a prospective bidder for the UK shopping centre owner said it was bowing out of the process. Praxis, a London-based property investor, said it doesn’t intend to make an offer for the listed company – which owns shopping malls in Edinburgh, Hemel Hempstead [...]
Regional REIT on ‘much stronger footing’ after emergency capital raise September 10, 2024 Commercial property specialist Regional REIT has reported a relatively robust first half despite an emergency capital raise earlier this year and a still-challenging commercial property market. The London-listed firm, which in June issued a £110m capital raise to stave off liquidation, said it had paid off in full its £50m retail bond and that the company is [...]
Citypoint tower up for sale as owner seeks cut-price deal September 2, 2024 Canadian asset manager Brookfield has put Citypoint tower up for sale in what could be the biggest commercial office sale in the capital all year. Brookfield has reportedly started the sale in the hope of avoiding a default on a £460m loan secured on the building, according to the FT, which it previously extended in [...]
Flight to quality gets underway as half of London offices set to be ‘unlettable’ by 2027 August 7, 2024 Changes to energy efficiency requirements mean that a majority of office spaces in the capital won’t meet the minimum standard for leasing within the next four years, making it a race to re-fit before 2027. Minimum energy efficiency standards (MEES) currently require that rented commercial properties in England and Wales have a minimum EPC rating [...]
Helical slashes dividend despite London lettings and development progress July 17, 2024 Progress in flagship central London office developments and the successful lettings of three Aldgate East spaces has led office specialist Helical to underline its confidence it has in the capital's office market despite having to slash its dividend.
London offices: Bigger is better, as construction of smaller spaces in the capital dries up July 17, 2024 For the first time in at least two decades not a single new office scheme smaller than 100,000 square feet began construction in London in the first half of this year, despite demand for larger spaces reaching record highs.
Regional REIT posts steady earnings amid wider uncertainty May 22, 2024 Property investment trust Regional REIT posted a solid performance in the first quarter of this year, with rent income, collection rates and property value all staying steady despite ongoing uncertainty.