GP landlord PHP brings in £2.7m of new rent Property Primary Health Properties (PHP) added £2.4m in rent over the last nine month, increasing its rental revenue by three per cent on an annualised basis. The GP landlord, which published its trading update ahead of a capital markets day today, had stronger growth in indexed leases in the UK and Ireland (4.5 per cent growth), [...]
London landlord GPE benefits from better investment conditions Property GPE, one of central London’s biggest listed landlords said that the capital’s favourable investment market, with improving economic conditions and falling interest rates, has allowed the firm to push ahead with its expansion plans. Great Portland Estate signed 15 new leases and renewals during the quarter to 30 September, generating annual rent of £6.1m, with market lettings on average 6.4 per [...]
Not ‘much to be optimistic about’ in London rental market Business Pressure on the rental market continues to build this autumn despite a cooling market earlier in spring, with more landlords selling up and more tenants looking for short-term homes, according to fresh data. More than three-quarters of agents have seen an increase in the number of tenants searching for properties, while more than half of [...]
Reduced notice periods for renters are an open door for party flats April 24, 2024 Renters need more rights, but scrapping minimum tenancy terms would leave landlords unable to stop their properties being used for holiday lets, party flats or worse
‘Scarcity of high-quality space’ drives activity for West End London landlord GPE April 11, 2024 One of central London’s biggest listed landlords said a “scarcity of high quality space” helped drive leasing activity in the year to the end of March.