Bridget O’Connell
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Unite toasts 5.3% NAV rise
Student housing group Unite has delivered a bumper set of half-year results, revealing a 5.3% hike in net asset value
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Sullivan to replace Eighteen at RBS
Royal Bank of Scotland has promoted Paul Sullivan to succeed Stephen Eighteen as head of non-core real estate
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RBS provides £65m for L&S jv
London & Stamford has secured finance from Royal Bank of Scotland following its £147m purchase of residential block Moore House, SW1
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C&W losses double to $17.2m
Cushman & Wakefield lost $17.2m (£10.9m) in the first half of the year, nearly double the same time last year.
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PBB completes origination restructure
Deutsche Pfandbriefbank has completed the reorganisation of its real estate finance origination team.
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Partners Group signals increased focus on debt
Swiss-based private equity group Partners is to step up its investment in debt as it switches its focus to “shorter duration” investments
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Conygar agrees £20m Barclays facility
The listed company run by Robert Ware, Conygar Investment, has secured a new £20m debt facility from Barclays.
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Rental growth powers Derwent’s NAV rise
Derwent London revealed a 4.1% hike in its net asset value in a widely expected strong set of interim results this week.
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AIB unloads €600m Polish fund business
Allied Irish Bank has offloaded its €600m (£475m) Polish property fund management subsidiary
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MWB share price hits record low
MWB Group Holding’s share price fell to a record low of 2.5p this week, driven by refinancing fears
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Gemini administration confirmed
The administration of the heavily indebted Gemini secondary regional property portfolio has been confirmed.
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L&R debt downgraded
The Livingstone brothers’ London & Regional is continuing to race against a £362m securitised loan maturity as rating agency Standard & Poor’s has downgraded the debt