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Infrastructure and real estate
Tritax EuroBox Acquisition and Property Portfolio Sale Agreed with SEGRO
November 12, 2024 06:39 PM AEDT| By Team Kalkine MediaHighlights,Acquisition Agreement Finalized,: Bidco agrees to acquire Tritax EuroBox shares at 69 pence each.,Property Sale to SEGRO,: Plans for a 31% asset sale to SEGRO covering key logistics hubs in Germany and the Netherlands.,Upcoming Shareholder...
Assura PLC Executives Increase Shareholdings Amid Ongoing Growth
November 08, 2024 08:23 PM AEDT| By Team Kalkine MediaHighlights:,Assura plc’s key executives, including CEO Jonathan Murphy and CFO Jayne Cottam, have acquired partnership shares.,The executives also received matching and free shares under the company’s Share Incentive Plan (SIP).,Assura remains a prom...
Workspace Group’s London Property Transferred for $26.4 Million
November 08, 2024 06:49 PM AEDT| By Team Kalkine MediaHighlights:,Workspace Group has completed the disposal of a redevelopment site in Raynes Park, London, for £20.3 million.,The site, formerly the Rainbow Industrial Estate, has planning consent for a mixed-use redevelopment with 224 residential units...
Growth and Shareholder Value Highlighted with 1.53p Dividend Declaration by Supermarket Income REIT
November 07, 2024 06:44 PM AEDT| By Team Kalkine MediaHighlights:,Supermarket Income REIT announces a 1.53 pence interim dividend, reflecting strong revenue growth.,The company is focusing on product innovation and digital transformation to drive profitability.,Challenges include high net debt, operatio...
UK House Prices Reach New Record Amid Economic Constraints
November 07, 2024 11:00 AM AEDT| By Team Kalkine MediaHighlights:,Record Highs Despite Economic Pressures,: UK house prices hit a new peak, averaging £293,999 in October.,Growth Slowdown Observed,: Annual price growth slowed to 3.9%, down from September's 4.6%.,Future Challenges Expected,: Higher mortga...
Taylor Wimpey Maintains Steady Growth Amid Rising Demand and Positive Order Book
November 07, 2024 11:00 AM AEDT| By Team Kalkine MediaHighlights:,Stable Demand,: Taylor Wimpey reports a rise in private sales rates, reflecting steady demand in the housing market.,Positive Order Book,: The company’s order book value stands at £2.2 billion, showcasing strong future commitments.,Financ...
Picton Property Income (LSE:PCTN) Share Price Falls Below 200-Day Moving Average
November 06, 2024 09:18 PM AEDT| By Team Kalkine MediaHighlights,Picton Property Income's stock price recently fell below its 200-day moving average.,The company announced a dividend payout, scheduled for November 29, 2024.,Picton Property Income's market capitalization stands at £382.06 million, with a...
Persimmon Q3 performance meets expectations, remains on track for FY24 targets
November 06, 2024 07:08 PM AEDT| By Team Kalkine MediaHighlights,Persimmon delivered 1,416 homes in Q3, maintaining progress toward a full-year target of 10,500 completions.,Private forward sales increased 40% to £1.45 billion, supported by stable market conditions and early multi-year reservations.,The...
IWG Experiences Revenue Boost as Workers Resume Office Presence
November 05, 2024 08:06 PM AEDT| By Team Kalkine MediaHighlights:,International Workplace Group (IWG) reports 2% revenue growth for Q3 2024, driven by strong performance in managed and franchised properties.,Managed and franchised property revenue surged 19%, with fee revenue up 46% year-on-year.,IWG’s...
Strategic developments in logistics have been outlined by SEGRO Plc to enhance operational efficiency
November 04, 2024 08:02 PM AEDT| By Team Kalkine MediaHighlights,SEGRO Plc has received an average rating of "Moderate Buy" from seven research firms, with a mix of buy and hold recommendations.,The stock's average one-year price target among analysts is approximately GBX 986.50.,Recent analyst reports...
Feedback PLC Announces £6.27 Million Fundraising Plan to Boost Bleepa Rollout and Product Development
November 04, 2024 07:28 PM AEDT| By Team Kalkine MediaHighlights,Fundraising to generate approximately £6.27 million through Placing, Subscription, and Retail Offer.,Funds to accelerate Bleepa’s expansion, particularly with NHS partners.,Company targets EBITDA profitability by 2027, pending successful N...
UK Budget Delivers £5 Billion Housebuilding Boost Amid Mixed Reactions from Sector
October 30, 2024 08:15 PM AEDT| By Team Kalkine MediaHighlights:,£5 Billion Housebuilding Fund:,Budget commits to affordable and social housing, aiming for 1.5 million new homes.,Build-to-Rent and Mortgage Support Extended:,£3 billion for build-to-rent schemes; 95% mortgage guarantee schemes,retained,....
Foxtons Strengthens Lettings Portfolio with Strategic Acquisitions in Commuter Belt
October 29, 2024 10:39 PM AEDT| By Team Kalkine MediaHighlights:,Foxtons acquires Haslams and Imagine Property Group for £12.6 million, expanding presence in Reading and Watford.,CEO Guy Gittins outlines a strategy to drive earnings growth and achieve £25-30 million adjusted operating profit.,The acqui...
Institutional Investors Noted for 48% Stake in Sirius Real Estate Limited (LSE:SRE)
October 28, 2024 06:35 PM AEDT| By Team Kalkine MediaHighlights,Institutional ownership comprises approximately 48% of Sirius Real Estate, indicating sensitivity to institutional trading actions.,The top 25 shareholders collectively hold 47% of the business, suggesting a diverse ownership structure wit...
Foxtons Posts Strong Third Quarter Revenue Growth Amid Market Recovery
October 24, 2024 09:12 PM AEDT| By Team Kalkine MediaHighlights:,Foxtons achieved an 8% increase in Q3 revenue, totaling £47.4 million, with a 10% rise in year-to-date revenue.,Property sales revenue for Q3 surged 36%, driven by a 34% increase in transaction volumes.,The company’s sales pipeline is 23%...
British Land Appoints David Walker as New Chief Financial Officer
October 23, 2024 10:33 PM AEDT| By Team Kalkine MediaHighlights,David Walker will take over as British Land’s CFO on 20 November 2024, replacing Bhavesh Mistry.,Walker brings over a decade of experience in finance, strategy, and investor relations, having previously served as COO and Interim CFO at Bri...
British Land Shares Rise Above Two Hundred Day Moving Average
October 23, 2024 08:23 PM AEDT| By Team Kalkine MediaHighlights,Crossing the 200-Day Moving Average,: British Land's share price moved above the 200-day moving average of 412.49 GBX, indicating potential momentum in the stock.,Trading Activity,: The stock reached a high of 426.40 GBX during trading, de...
PRS REIT Puts Itself Up for Sale Following Shareholder Dispute
October 23, 2024 07:32 PM AEDT| By Team Kalkine MediaHighlights:,PRS REIT initiates a formal sales process following a shareholder dispute that led to the resignation of its chairman.,The strategic review aims to explore options to maximize shareholder value, including potential sale or merger.,Shares...
Barratt Redrow Reports First Trading Update After Acquisition, Sets Ambitious Growth Targets
October 23, 2024 06:41 PM AEDT| By Team Kalkine MediaHighlights,Acquisition Synergies,: The merger aims to achieve £90 million in cost savings and open 45 new sales outlets by FY28.,Growth Ambitions,: Barratt Redrow targets a return to 22,000 home completions in the medium term.,Market Outlook,: Increa...
Morgan Sindall Shares Surge 12% After Profit Upgrade
October 22, 2024 07:53 PM AEDT| By Team Kalkine MediaHighlights:,Morgan Sindall (LSE:MGNS) upgrades full-year profit forecasts, driven by strong performance in the fit-out division.,Shares hit a record high of 3,658p, rising over two-thirds year to date.,UK construction output grew at its fastest rate...
