Property News
Grainger issues £350m bond and reports strong trading
Grainger issued a £350m bond to pay off short-term debt and fund growth as the residential landlord said it was trading strongly.
Savills to be profitable in 2020 despite Covid-19 impact
Savills said it expected to be profitable in 2020 despite the impact of Covid-19 on global property markets and that its debt had fallen.
Berkeley defers £455m surplus cash return as profit declines
Berkeley deferred returning £455m of surplus capital to shareholders for up to two years as the housebuilder reported a 35% drop in annual profit and almost £1. 9bn of forward sales.
Hammerson hires Robert Noel to replace Chairman Tyler
Hammerson has recruited former Land Securities chief executive Robert Noel as chairman to lead the board through the aftermath of the Covid-19 crisis.
Segro increases fundraising by £30m to meet demand
Segro has increased the size of its fundraising by £30m because of strong demand for new shares issued to finance its expansion plans.
Shaftesbury warns on rents as portfolio value drops
Shaftesbury warned that at least half its rent could go uncollected in the second half as the London West End property company reported a drop in the value of its portfolio as the Covid-19 crisis struck.
Taylor Wimpey reports strong orders after sites reopen
Taylor Wimpey said its order book was strong with a healthy increase in reservations and demand for appointments at reopened show homes.
Intu shares surge after cash figures published
Intu shares rose by more than half after the shopping centre operator published figures showing it expected to have more than £62m of cash at the end of 2021.
House prices fall 1.7% in May - Nationwide
UK house prices fell 1. 7% in May in the steepest drop since the financial crisis, a survey by Nationwide showed.