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Infrastructure and real estate
UK Construction Sector Sees Fastest Growth in Over Two Years in September
October 04, 2024 08:53 PM AEST| By Team Kalkine MediaHighlights:,Sector growth accelerates:,The UK construction sector grew at its fastest pace in over two years, with the PMI rising to 57.2 in September.,Input costs rise:,Higher demand for materials and wage increases led to the steepest rise in input...
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Renew Completes Disposal of Walter Lilly to Enhance Operating Margins
October 04, 2024 05:07 PM AEST| By Team Kalkine MediaKey Points:,Renew has disposed of Walter Lilly & Co. to Size Holdings Limited for nominal consideration, enhancing the Group’s operating margins.,This divestment marks the exit from the Group's only remaining Specialist Building business, aligning wi...
British Land Secures £301 Million for Growth in Retail Park Sector
October 03, 2024 09:00 PM AEST| By Team Kalkine MediaHighlights,British Land Company PLC shares fell by 1.4% after announcing a £301 million equity raise at a slight discount to fund the acquisition of retail parks.,The FTSE 100 real estate investment trust is purchasing a portfolio of seven retail par...
Share Growth of 13% Noted After Residential Secure Income's Portfolio Wind Down
October 03, 2024 08:30 PM AEST| By Team Kalkine MediaHighlights,Shares of Residential Secure Income PLC experienced a notable increase of up to 13% following the announcement of a managed wind down.,Chief Executive Rob Whiteman acknowledged the challenges facing smaller listed real estate businesses, p...
Strong Demand Drives Success of Hammerson's New Bond Issue
October 03, 2024 07:37 PM AEST| By Team Kalkine MediaHighlights:,Hammerson successfully launched a £400 million, 12-year bond, oversubscribed by seven times, to support growth and refinance existing debt.,Proceeds will refinance bonds due in 2025, 2026, and 2028, strengthening the company's financial p...
Great Portland Estates Secures Gaggenau as Tenant for 7,000 Sq Ft Flagship Store at Portman Square
October 01, 2024 07:26 PM AEST| By Team Kalkine MediaHighlights:,Gaggenau has signed a 10-year lease for 6,900 sq ft at Great Portland Estates' Portman Square, doubling its footprint.,The store will anchor GPE's 'Portman & Wigmore' development, with refurbishment works set to begin soon.,GPE highlights...
abrdn Property Income Trust (API) Enters Agreement for Sale of Investment Portfolio to GoldenTree Asset Management
September 27, 2024 05:14 PM AEST| By Team Kalkine Mediaabrdn Property Income Trust Limited (API) has announced a significant agreement with certain funds and accounts managed by GoldenTree Asset Management LP for the sale of its wholly-owned subsidiary, abrdn Property Holdings Limited (APH). This transac...
LondonMetric Property (LSE:LMP) Acquires £78m Urban Logistics Portfolio and Continues Non-Core Asset Disposal
September 25, 2024 06:10 PM AEST| By Team Kalkine MediaLondonMetric Property Plc (LSE:LMP) has announced the off-market acquisition of six single-let urban logistics properties for £78.0 million. The portfolio, acquired from a FTSE 100 pension fund, reflects a blended net initial yield (NIY) of 5.8%, wit...
Rightmove (LSE:RMV) Board Rejects REA Group's Increased Proposal as Undervalued
September 25, 2024 05:59 PM AEST| By Team Kalkine MediaRightmove plc (LSE:RMV) has rejected a third unsolicited and non-binding takeover proposal from REA Group Ltd, which sought to acquire the entire issued and to-be-issued share capital of the company. The latest offer, received on 22 September 2024, i...
NewRiver REIT (LSE:NRR) to Acquire Capital & Regional (LSE:CAL) in Cash and Share Deal
September 24, 2024 05:49 PM AEST| By Team Kalkine MediaNewRiver REIT plc (LSE:NRR) and Capital & Regional plc (LSE:CAL) have reached an agreement on the terms of a recommended cash and share offer for the acquisition of Capital & Regional by NewRiver. This transaction will form a combined group through a...
Legal & General (LSE:LGEN) Divests CALA Group in £1.35bn Deal to Boost Capital Allocation Strategy
September 18, 2024 05:16 PM AEST| By Team Kalkine MediaLegal & General Group Plc (LSE:LGEN) has agreed to sell its UK-based housebuilder, CALA Group, in a deal valued at £1.35 billion. The buyer, Ferguson Bidco Limited, is owned by funds managed by Sixth Street Partners and Patron Capital. The transactio...
Supermarket Income REIT Boosts Portfolio Value and Declares Full-Year Dividend
September 18, 2024 05:02 PM AEST| By Team Kalkine MediaLondon-listed Supermarket Income REIT PLC,(LSE:SUPR),has announced a full-year dividend of 6.12p for its 2025 financial year, reflecting a modest year-on-year increase of 1%. This announcement was made in the context of an audited yearly report relea...
Balfour Beatty (LSE:BBY) Awarded £363 Million Contract for Bramford to Twinstead Reinforcement Project
September 13, 2024 04:45 PM AEST| By Team Kalkine MediaBalfour Beatty (LSE:BBY), a leading international infrastructure group, has secured a £363 million contract from National Grid to undertake the Bramford to Twinstead Reinforcement project. This contract was awarded through National Grid's RIIO-2 fram...
Kier Group’s Revenue Growth and Improved Profitability in FY24
September 12, 2024 05:56 PM AEST| By Team Kalkine MediaKier Group plc (LSE:KIE), a leading UK infrastructure services, construction, and property group, has announced impressive results for the year ended 30 June 2024 ("FY24"). The Group demonstrated robust revenue growth and improved profitability, mark...
Praxis pulls out of Capital & Regional takeover talks
September 10, 2024 07:25 PM AEST| By Team Kalkine MediaPraxis Group announced on Tuesday that it will no longer proceed with its potential offer to acquire Capital & Regional,(LSE:CAL),, a real estate investment trust. This decision marks a shift from earlier intentions expressed in July, when Praxis Gro...
Assura Names Steven Noble as First Chief Investment Officer
September 09, 2024 06:25 PM AEST| By Team Kalkine MediaSpecialist healthcare property developer Assura announced on Monday the appointment of Steven Noble to the newly created position of chief investment officer (CIO), a strategic move aimed at supporting the company’s growth plans both in the short and...
Barratt Developments (LSE:BDEV) Launches MADE Partnership with Homes England and Lloyds Banking Group
September 09, 2024 04:34 PM AEST| By Team Kalkine MediaBarratt Developments PLC (LSE:BDEV) has announced the formation of a strategic joint venture with Homes England and Lloyds Banking Group to establish MADE Partnership. This collaboration aims to address the pressing need for new housing across the UK...
Berkeley Group Reports Steady Trading, On Track for Full-Year Profit Guidance
September 06, 2024 04:55 PM AEST| By Team Kalkine MediaBerkeley Group Holdings plc (LSE:BKG) provided a trading update today at its Annual General Meeting (AGM), covering the period from May 1, 2024, to August 31, 2024. The company has experienced stable trading conditions over the first four months of t...
Safestore's Q3 Revenues Unchanged; Maintains Full-Year Guidance
September 05, 2024 09:20 PM AEST| By Team Kalkine MediaSafestore,(LSE:SAFE),, a leading self-storage company, maintained its full-year earnings guidance on Thursday, reporting stable revenues for the third quarter. The company recorded revenues of £56.3 million for the three months ending 31 July, showin...
Vistry Group Witnesses Positive H1 2024 Results, Announces £130M Share Buyback
September 05, 2024 05:02 PM AEST| By Team Kalkine MediaVistry Group PLC (LSE:VTY) has delivered a robust set of financial results for the first half of 2024, marked by significant growth in completions and operating profit. The Group has also announced a further £130 million share buyback, underscoring i...
