Bridget O’Connell
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Quintain founder Wyatt steps down
Adrian Wyatt, founder and chief executive of Quintain Estates and Developments, is stepping down from the business.
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Lloyds primed for second UK loan sale
Lloyds Banking Group’s long-awaited second UK loan book sale is to be launched imminently.
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Quintain secures £70m for iQ fund
Quintain Estates & Development has agreed a further £70m refinancing with M&G Investment for Quintain’s iQ fund
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Shaftesbury posts 1.5% NAV rise
West End specialist Shaftesbury has posted a solid set of interim results with net NAV growth of 1.5% to 470p a share
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GPE in ‘outstanding’ 12% NAV jump
Great Portland Estates has delivered an “outstanding” set of annual results, posting an 11.9% hike in net asset value
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Henderson in debt fund double
Henderson Global Investors is planning to launch two debt funds to capitalise on the broad retraction of European bank lending
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Big Yellow hit by VAT change
Self storage group Big Yellow has revealed a 4.6% dip in its net asset value after a change in VAT rules
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LXB posts 3% NAV hike
LXB Retail Properties has reported a 3% rise in its net asset value to 111.6p a share, despite the uncertain macro environment
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REO €460m debt workout kicks off
The workout of Real Estate Opportunities’ €460m distressed debt pile has…
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BL delivers 4.9% NAV hike
British Land said it would “increase the pace of recycling” to reinvest in higher-growth opportunities after a solid set of annual results
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HUT completes £350m refinancing
The Hercules Unit Trust has signed a new £350m five-year facility with Lloyds TSB Bank, MetLife and RBS
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Propinvest cuts Citi tower losses by 60% as swap costs fall
A £53m positive movement in the fair value of the interest rate swap on Citi tower enabled its owners to cut their losses by almost 60% last year.