Property Week News, analysis, insight and events for UK property professionals
Urban Logistics reveals first-half dip in asset values
Net asset value came in at £748.4m, down from £758.6m at the end of March, while rental income stood at £30.6m, up from £28.7m a year earlier.
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Custodian’s latest update shows improvement in rental values
The 0.8% rise in estimated rental value was driven by 1.1% like-for-like industrial sector rental growth, the company said.
By the way: Peter Bill on Avison Young
The 1,100-strong property advisory posted a £70m loss in 2023, on revenues down £18m to £128m.
Persimmon reports higher sales and completions, but warns of build cost inflation
The housebuilder said net private sales rate per outlet were up 37% year-on-year since the start of the second half.
Dalata announces €83m deal for Dublin Airport’s Radisson hotel
The €83m deal will be financed from the company’s existing cash and banking facilities.
Custodian shakes up board in bid to be fully independent by end of 2025
The group has appointed Nathan Imlach as a new non-executive director.
Third-quarter revenue nudges up at IWG
The world’s largest workspace platform has announced that revenue rose to $1.06bn (£820m) in the three months to the end of September.
Fitch reaffirms Sirius’s BBB rating with ‘stable outlook’
The ratings firm highlighted the high-yielding nature of the company’s assets, its resilient occupancy and rental growth due to active asset management and the affordability of its rents.
Foxtons delivers robust third quarter figures
In its latest trading update to investors, the group added that for the financial year to date, revenue was up 10% to £125.9m compared with the same period last year.
AEW reveals positive trading update with strong NAV growth
In its latest update to investors, the group showed NAV stood at £172.76m at the end of the quarter, compared with £167.79m at the end of June.