Mike Cobb
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Whitbread chases freeholds
FINANCE: Whitbread plans to target London freeholds as part of its ongoing expansion plan, which will see it increase its capital investment from £575m this year to £700m in 2016.
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Profits down at Kier
Kier has seen its half-year profits before tax fall by 2% to £35.9m despite strong results from its property division
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SEGRO profit up by 208%
FINANCE: SEGRO’s pretax profits jumped by 208% to £654.4 in the full year to the end of December 2014.
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Deutsche banks EY partner
Deutsche Bank has confirmed the appointment of Rishi Bhuchar from EY to head a team in the company’s real estate investment banking division
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Hunters restructures for IPO
Agency Hunters has taken steps to float on AIM by the end of 2015
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McKay concentrates on existing portfolio
FINANCE: Increased competition in London and the South East has seen McKay Securities refrain from making any acquisitions since October 2014.
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Tritax NAV grows 9.2%
Tritax Big Box REIT has posted a 9.2% increase in its net asset value since its December 2013 IPO
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Bluewater sale drives Lend Lease profits
FINANCE: Australian property group Lend Lease has reported 25% growth in pre-tax profits in the half year to December 2014.
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Bovis profits rise 69%
FINANCE: Housing developer Bovis Homes increased its profits 69% to £133.5m, as the increase in house prices helped produce stronger performance across the group.
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Development pays for Unite
Surging investor demand and a strong performance from its development pipeline lifted Unite’s NAV 41p last year
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AXA builds €10bn debt platform
FINANCE: AXA Real Estate is seeking to build Europe’s biggest senior debt fund as more investors switch from government bonds to real estate.
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Revaluation gains boost Hammerson portfolio
FINANCE: Rising valuations helped Hammerson boost its total return to 13.6% in the year ended 31 December 2014, up from 8.5% a year earlier.