Property Week News, analysis, insight and events for UK property professionals
Taylor Wimpey launches £52m share buyback as profits plummet 54%
Profits were hit by a £222.2m rise in cladding safety remediation costs, and an £18m payment to help settle a sector-wide investigation into information sharing by housebuilders.
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Finance
MCR Property wins £32.7m Atelier loan against Kent PBSA scheme
MCR Property Group has secured a £32.7m loan from Atelier to refinance and refurbish a purpose-built student accommodation (PBSA) scheme in Canterbury, Kent, Property Week can reveal.
The student market faces a degree of doubt from investor sceptics
With high costs deterring some would-be students and universities facing financial difficulties, some investors believe the PBSA market may have peaked.
Unite mulls exit from BTR sector through Stratford scheme disposal
The student accommodation firm entered the market in 2022 with the purchase of the east London scheme, but is “not planning to grow in the BTR space”.
Octopus Capital raises further £10m for Affordable Housing Fund
The investment has come from the Henry Smith Foundation, which backs organisations working at critical points in people’s lives.
Scotch Corner to join Aquis Stock Exchange amid £25.5m new capital raise
The company has appointed Oberon Capital and RetailBook to raise £25.5m of new capital from both retail and institutional investors.
Vistry’s 2025 profits rise in line with guidance despite fall in housing completions
The housebuilder announced a 2% rise in profit, but housing completions fell 9% year on year to 15,658.
Olympian gains gateway 2 approval for 46-storey Canary Wharf co-living brand debut
The group is seeking investment tranches of between £30m and £100m to fund the project, which is due for completion by the end of 2030.
Vistry on hunt for CEO after Fitzgerald announces retirement
Housebuilder Vistry Group has announced that its chief executive and chair Greg Fitzgerald is set to retire after nine years in the role.
Cairn Homes upgrades 2026 guidance following 2025 rise in revenue and profits
The Irish housebuilder has upgraded profit and revenue expectations for this year after its preliminary 2025 results showed a 13% rise in profits .