Bridget O’Connell
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PHP in £4.7m Birmingham acquisition
Healthcare investor has acquired a Birmingham primary care centre through a £4.7m company buy-out.
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Secure Income REIT posts 10% NAV rise
The specialist long-term income REIT reports NAV of 355.5p in its interim results for the six months to the end of June.
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MORNING NEWS: Housebuilders must diversify debt, Candy asset reshuffle and Odeon profit slump
Round-up of today’s top property stories with quick links to the nationals.
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Libor rates ‘still open to rigging’ claims whistleblower
Libor is “more open to manipulation” than ever before despite wholesale reform of how the benchmark rate is calculated, a whistleblower claims.
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Christian Candy reshuffles assets worth more than £300m in a year
Property developer is offloading a range of high-end homes amid a slowdown in the luxury market.
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Odeon losses mount under Chinese owner
Odeon, one of Britain’s biggest cinema chains, slumped to a £93.2m loss last year after it was offloaded to Chinese investment giant Dalian Wanda.
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TK Maxx optimistic despite fall in profits
Profits have fallen and comparable sales growth has dramatically slowed at TK Maxx’s UK division.
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KPMG warns housebuilders to diversify their debt or risk losing access to capital
Housebuilders must diversify their debt from the biggest five banks or risk shutting off access to vital capital, an analyst at KPMG has warned.
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House prices fall despite hopes for autumn lift
Homeowners hoping for an autumn bounce in property values have been left deflated after the biggest fall in September prices for four years.
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The Gym Group in £20.5m buy-up
The Gym Group has bought 18 gyms from Lifestyle Fitness for £20.5m. The company, which is the second largest player in the low-cost gym market, add to its 98-strong portfolio.…
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Kennedy Wilson updates on proposed Kennedy Wilson Europe Real Estate takeover bid
Kennedy Wilson has published an investor presentation with details in relation to its proposed takeover of Kennedy Wilson Europe Real Estate. The full text of the presentation can be here.…
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JD Wetherspoon’s property profits fall
JD Weatherspoon has posted a 27.6% rise in pretax profit to £102.8m, with contributions from property profits falling from £5.3m to £2.8m.. In the 53 weeks to 30 July the…