Property Week News, analysis, insight and events for UK property professionals
Harworth closes in on £1bn net development value
Chief executive Lynda Shillaw said “we remain confident in our ability to reach our £1bn EPRA NDV target by the end of 2027”.
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Propcos
NAV nudges up 2.2% at Picton
The group’s total return for Q4 leapt to 3.2%, from 1.3% in Q3.
SEGRO JV buys €470m Tritax portfolio
SELP snaps up six fully-leased logistics assets in the Netherlands and Germany totalling almost 4m sq ft.
LendInvest funds under management pass £5bn
The company was boosted by £500m hike in contribution from an institutional investor and renewal of several funding facilities.
Former Landsec boss Salway to become Picton chair
He will take up the non-executive role, as well as becoming chairman of the group’s nomination committee, on 1 February, succeeding Lena Wilson who will step down on 31 January.
Care REIT reports rent increase in ‘robust’ Q4
The group, which reported 100% occupancy and rent payment in Q4, aims to reward investors with a 6.95p per share annual dividend.
Abrdn fund confirms three asset sales in investor update on wind-down
European Logistics Income fund sells three assets in the Netherlands and Spain, while preparing three further assets for disposal.
Workspace Q3 results show marginal rents rise
Occupancy nudged down 1.3% to 86.1%, which led to the overall rent roll falling 0.6% to £106.8m.
Watkin Jones claims ‘resilient’ year after slashing pre-tax losses
PBSA and build-to-rent group cut pre-tax losses to £300,000 in year to end of September, but revenue fell from £413.2m to £362.4m.
Tritax Big Box acquires Heathrow site for major data centre scheme
The company also acquired a 50% share in a JV with a renewable and low-carbon energy power generator to help power the site.