Property Financial News

15.02 / 09:29

property investigation FCA Investment trusts Home REIT Home REIT sells additional 117 properties for £5.6m

An additional property is expected to be entered into a public auction on 15 February.

03.05 / 06:35

property FTX Former FTX Boss Ryan Salame Gives up $5.9M Bahamas House

Former co-CEO of FTX Digital Market Ryan Salame is to transfer a $5.9 million house he owns in the Bahamas to settle criminal charges.

01.03 / 05:09

supply stocks property asset Hong Kong's largest bitcoin ETF assets up five-fold since October

Hong Kong has been a relative latecomer to crypto trading, approving its first three cryptocurrency futures ETFs in late 2022.

09.02 / 13:42

property Copyright rights Self-proclaimed bitcoin inventor's claim 'a brazen lie', London court told

Craig Wright says he is the author of a 2008 white paper, the foundational text of bitcoin and other cryptocurrencies, published in the name «Satoshi Nakamoto».

26.01 / 14:13

property Investment trusts REITS Numis Andrew Rees Nav AEW UK REIT dividend remains uncovered as tenant administrations hit earnings

Management noted earnings were constrained by 28p due to Wilko and CJ Services both entering administration.

18.01 / 09:31

property Investment trusts People moves Business roles social housing Home REIT Entire Home REIT board commits to step down on publication of results as chair Fennah replaced

The filing contained no information regarding a potential publication for the delayed results.

11.01 / 09:15

property Investment trusts Merger LXi REIT agrees to £1.9bn LondonMetric takeover deal

The boards said the combined group will have EPRA net tangible assets of about £4.1bn, becoming the fourth largest UK REIT.

08.01 / 12:02

property Investment trusts Investment Trust AEW Home REIT Home REIT sells additional 98 properties for £26.5m

An additional 162 properties have been exchanged for sale at a total of £25.7m, which are expected to complete this month.

20.12 / 10:53

property Investment trusts social housing Home REIT £564m written off as Home REIT portfolio shrinks 58% in revaluation

The material reduction of £564m in valuation has been tied principally to a 'reassessment of the quality of assets', alongside the 'covenant strength of the tenants', many of which have entered liquidation.

16.12 / 15:18

property Unit trusts/OEICs M&G distribution suspensions First M&G Property distribution due in February with wind-up predicted to last 18 months

The fund is being closed due to the dwindling popularity of property vehicles, according to M&G, which noted the ongoing withdrawals are 'likely to continue' and may 'accelerate in the future'.

05.12 / 15:31

Asia property Moody's Global Moody's downgrades China sovereign credit outlook to negative

Despite the downgrade, the country’s A1 rating was affirmed by Moody’s, which it said reflected the country’s financial and institutional resources.

05.12 / 09:31

property Investment trusts Alternatives AEW Home REIT Rent collection dwindles to 14% as further Home REIT tenant enters liquidation

As 30 November, Home REIT tenants in liquidation accounted for 16.3% of annual contracted rent.

28.11 / 19:55

property FCA REITS open LGIM mulls increased REIT exposure in potential hybrid solution to open-ended property question

In light of the current FCA consultation on funds investing in UK property, the firm said L&G PAIF and its feeder fund will remain open to investors.

28.11 / 11:59

property companies jp morgan Julius Baer to review private debt arm following 'European conglomerate' bankruptcy

In a stock exchange notice, the group revealed, without naming Signa, that it possessed three loans to different entities within 'a European conglomerate' that was now restructuring, totalling CHF 606m (£545.4m).

27.11 / 15:07

property Investment trusts AIC Investec Investment Trust strategic review abrdn European Logistics Income launches strategic review

The trust has suffered from a double-digit discount for over a year and fell to a new low of 47.1% last month, according to data from the Association of Investment Companies. It currently sits at a 39.7% discount.

24.11 / 14:05

property Unit trusts/OEICs M&G St James's Place open NOT Deep Dive: A 'bleak' future but not a 'forgone conclusion' for open-ended property funds

'Let us not be fooled into thinking the challenges faced by the likes of M&G and St James’s Place render the future of these structures a foregone conclusion.'

21.11 / 14:57

Sustainability property ESG SDR REIT ESG funds Schroder REIT proposes investment objective change and variable fee structure

The proposal will be voted on in an extraordinary general meeting, held on 15 December.

16.11 / 14:23

property ESG Unit trusts/OEICs infrastructure Blackfinch unveils infrastructure and property funds

Blackfinch Group CIO of listed assets Dan Appleby (pictured)

13.11 / 20:17

property Unit trusts/OEICs OEIC St James's Place Time open TIME Investments suspends open-ended property fund on 'material uncertainty'

The fund invests predominantly in residential freehold properties, which Oli Creasey, property research analyst at Quilter Cheviot, said had faced concerns over regulatory changes for some time.

07.11 / 16:29

property bonds ESG Unit trusts/OEICs equities Equity funds suffer largest outflows since Mini Budget as ESG funds shed £700m

Equity funds shed £1.2bn in assets last month, the sixth consecutive month of net selling.

25.10 / 10:49

property Unit trusts/OEICs Aegon Property Income sells final properties

The wind-up of the fund lasted more than 27 months, beginning on 9 July 2021, exceeding its original expected deadline of August 2023.

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