News And Announcements
Taylor Wimpey ditches rent doubling clauses for leaseholders
Taylor Wimpey has ditched ground rent rises for leaseholders following an investigation by the Competition and Markets Authority.
UK Commercial Property acquires Precision Park in Warwick
Real estate investment trust UK Commercial Property has acquired an industrial/business park in Warwick focussed on life sciences and technology as part of a deal valued at roughly £94. 0m.
Diamond sales at Anglo's De Beers fall in tenth cycle
Anglo American said on Wednesday that the value of rough diamond sales at its De Beers unit fell in the tenth cycle of the year.
LondonMetric acquires Savills IM Income and Growth Fund for £122.2m
Property company LondonMetric has acquired Savills IM Income and Growth Fund in a corporate transaction valued at £122. 2m, reflecting a blended yield on cost of 4. 3% and an anticipated reversionary yield of 4. 9%.
Syncona sells Gyroscope to Novartis for up to $1.5bn
Syncona on Wednesday said it had sold its portfolio company Gyroscope Therapeutics Holdings to Novartis for up to $1. 5bn (£1. 1bn) on a cash and debt free basis.