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Infrastructure and real estate
Why is Primary Health Properties gaining limelight today?
October 16, 2024 11:57 PM AEDT| By Team Kalkine MediaKey Points:,PHP generated an additional £2.7 million in rental income during the nine months leading to September 2024, reflecting a slight decrease from the previous year but indicating continued growth in a challenging market.,The company announced...
Virgin Media O2 Pre-Leases Office Space at HBD's Island Development in Manchester
October 16, 2024 11:07 PM AEDT| By Team Kalkine MediaKey Points:,Virgin Media O2 has pre-let 45,700 sq ft of office space at HBD's Island development in Manchester, securing a 10-year lease for approximately 50% of the building.,The telecommunications company will consolidate multiple regional sites in...
Whitbread Introduces No Significant Change to FY25 Outlook Despite Challenging Market Conditions
October 16, 2024 06:06 PM AEDT| By Team Kalkine MediaKey Points,Premier Inn Performance,: UK accommodation sales remained steady, outperforming the broader Midscale and Economy market.,Growth in Germany,: Total accommodation sales increased by 22%, driven by commercial initiatives and a growing estate....
Workspace Group Sees Strong Lettings Despite Minor Drop in Occupancy
October 15, 2024 06:31 PM AEDT| By Team Kalkine MediaKey Points:,Workspace Group completed 296 new lettings in Q2, with an annual rental value of £7.4 million, despite a decrease from the first half.,Like-for-like rent per square foot rose by 1.6% in Q2, while occupancy fell slightly to 87.5%.,The comp...
Bellway Delivers 2024 Results with Lower Completions, Eyes Stronger Growth in 2025
October 15, 2024 06:04 PM AEDT| By Team Kalkine MediaKey Points,:,Bellway’s housing completions dropped to 7,654 in 2024, contributing to a 30.1% fall in revenue.,The forward order book increased by 18.4% in value, indicating improved customer demand for 2025.,Bellway is targeting 8,500 home completion...
LondonMetric Property Secures £8.5 Million in Additional Rent Through Occupational Deals
October 14, 2024 07:18 PM AEDT| By Team Kalkine MediaKey Points:,Total Rent Increase,: LondonMetric added £8.5 million in additional annual rent through rent reviews and lettings.,Significant Rent Uplift,: Urban logistics rent reviews achieved a 25% uplift, reflecting strong demand in the sector.,High-...
Tritax EuroBox Agrees to Recommended Cash Acquisition by Brookfield’s Titanium Ruth Bidco
October 10, 2024 08:28 PM AEDT| By Team Kalkine MediaKey Points:,Tritax EuroBox shareholders will receive 69 pence per share, representing a 6% premium over SEGRO’s offer.,Brookfield sees this acquisition as a strategic addition to its European logistics portfolio, valuing the entire share capital of T...
Brookfield’s Acquisition of Tritax EuroBox Confirmed After Strong Competition with Segro
October 10, 2024 07:27 PM AEDT| By Team Kalkine MediaHighlights:,Tritax Eurobox PLC has agreed to a cash takeover offer from Brookfield, valuing the company at approximately £557 million.,The offer represents a 28% premium over Tritax Eurobox's valuation as of 31 May.,The acquisition will be executed t...
Unite Group is benefiting from stronger rents, driven by unprecedented demand for university housing from school leavers in the UK
October 08, 2024 10:56 PM AEDT| By Team Kalkine MediaHighlights:,Unite Group PLC reported an 8.2% like-for-like rental growth for the new 2024/25 academic year, surpassing prior guidance of 7%.,Current occupancy stands at 97.5%, driven by strong demand for university places, though slightly below last...
Vistry Group Faces Profit Downgrade Due to Cost Understatement in South Division
October 08, 2024 06:28 PM AEDT| By Team Kalkine MediaKey Points:,Vistry Group's South Division understated costs for 9 developments by about 10%.,This will reduce the Group’s FY24 profit by £80 million, with further impacts in FY25 and FY26.,Despite the setback, Vistry expects to complete over 18,000 u...
Retail sales and Unite are set to capture attention in the day ahead
October 08, 2024 02:49 AM AEDT| By Team Kalkine MediaHighlights,Unite Group PLC is under scrutiny regarding the allocation of recently raised funds for student accommodation projects.,UK retail sales show signs of potential growth following favorable weather conditions, with a forecasted increase of ap...
Sirius Real Estate is assessed by brokers as undervalued in comparison with competing firms
October 07, 2024 11:03 PM AEDT| By Team Kalkine MediaHighlights:,Two brokers reaffirmed a 'buy' rating for Sirius Real Estate Limited following the company’s pre-interim results trading update, indicating alignment with management expectations.,Panmure Liberum forecasts full-year funds from operations...
Unite Group’s Growth Strategy: A Billion-Pound Investment and Strong Market Sentiment
October 07, 2024 10:15 PM AEDT| By Team Kalkine MediaHighlights:,Capital Deployment Focus,: Unite Group raised nearly £750 million in just over a year, with investors keen to see how this will fuel new developments and acquisitions.,Strong Market Sentiment,: Unite’s NAV discount stands at a modest 4.5%...
Grainger Plc Reports Slower Rental Growth but Remains Optimistic for 2025
October 07, 2024 09:05 PM AEDT| By Team Kalkine MediaHighlights:,Slower Rental Growth,: Grainger reported 6.3% LFL rental growth in 2024, down from 8.1% earlier in the year.,Strong Pipeline,: The company expects to double rental income in 2025, driven by new developments and strong wage growth.,Optimis...
Assura (LSE:AGR) executes strategic acquisitions in recent half, shares development pipeline
October 07, 2024 06:48 PM AEDT| By Team Kalkine MediaKey Points:,Assura acquired a portfolio of 14 private hospitals for £500 million, generating a rental income of £29.4 million.,The company’s portfolio now includes 625 properties, with an annualized rent roll of £179.1 million, marking significant gr...
Grainger gains limelight on Monday. Here’s Why.
October 07, 2024 06:43 PM AEDT| By Team Kalkine MediaKey Points:,Grainger added 1,113 new homes in FY24, achieving a 6.3% increase in like-for-like rental growth and maintaining a 97.4% occupancy rate.,The company's asset recycling program generated £274 million in revenue, aiding its ambitious growth...
Unite Group’s Q3 Update to Shed Light on Fund Deployment and Future Growth Prospects
October 05, 2024 12:32 AM AEST| By Team Kalkine MediaHighlights:,Capital deployment,: Unite raised £450 million in 2024, adding to the £300 million raised in 2023, with investor focus on how these funds are being utilised for growth.,Strong sentiment,: Unite’s NAV discount is just 4.5%, with a positive...
UK Construction Output Reaches Two-and-a-Half Year High in September
October 05, 2024 12:32 AM AEST| By Team Kalkine MediaHighlights:,Fastest growth in two years:,UK construction output grew at the fastest rate since April 2022, with the PMI rising to 57.2 in September.,Renewables lead growth:,Civil engineering, driven by demand for renewables and infrastructure, emerge...
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...
