Regus Property Partners (RPP), the fund set up by IWG to acquire assets for its Regus and Spaces brands, has suspended its search for third-party capital.
The number of companies in significant financial distress in the UK property industry increased faster than in any other sector in the fourth quarter with almost 47,000 companies now in difficulty, according to a new report.
The UK’s real estate and property industry was the hardest hit in 2018 with around 48,500 companies in the sector now in significant financial distress, according to a new report.
Shaftesbury investor Samuel Tak Lee has written to the London property group’s shareholders urging them to oppose resolutions allowing the company to raise more capital through a share issue.
BlackRock Real Estate has completed on the acquisitions of a pair of German office and logistic sites to add the first two assets for its €415m (£361m) Eurozone Core Property Fund.
Investor Cromwell Property Group has appointed a director of Bank of America Merrill Lynch’s real estate team to the newly created role of senior transactions manager in Europe.
South Korean investor Hana Asset Management has bought The Sanctuary Buildings in Victoria, London from Blackstone Property Partners for £285m.
The Mayfair Capital-managed Property Income Trust for Charities (PITCH) has recorded the best 10-year performance in the MSCI/AREF All Balanced Property Fund Index.
A change to the risk weighting applied to commercial property loans contributed to a collapse in Metro Bank’s share price this week.
Capital & Regional has seen the value of its portfolio fall 4.5% to £855.3m due to what it described as “negative sentiment towards retail assets”.