Good morning. Here’s your daily round-up of the latest news and views from EG and a collection of real estate-relevant headlines from the national papers.
Home REIT is finally set to publish its 2022 accounts, giving an insight into the state of the company’s finances as its plans to prove that a listed real estate vehicle could help solve the UK’s homelessness crisis fell apart.
The company said the 2022 accounts should be ready to reveal in August, with 2023 figures and interims for 2024 published in the third quarter.
This week’s big interview is with Charlie MacGregor, chief executive of The Social Hub, who discusses the company’s plans to hunt out unloved offices that can be turned into its trademark PBSA-meets-hotel-meets-coworking sites.
“London is the top target. We see the pressure that the office market is under and we hope to take advantage of that,” he says. “Cities like Manchester, London, Brighton and Edinburgh make sense to us.”
Bar operator Nightcap plans to de-list its shares from trading on London’s AIM and re-register as a private limited company.
The company said its board had weighed up “the benefits and drawbacks” to the listing, including “the value that current market capitalisation ascribes to the company, the liquidity of the ordinary shares, the ability to raise further equity through public markets at an acceptable price and the cost of maintaining a public quotation” – and concluded that it isn’t worth it.
All of the news from EG, plus a selection of headlines from the nationals:
Home REIT ready to publish two-year-old accounts
Bar operator Nightcap to de-list from AIM
The Social Hub boss on proving hybrid a hit
Next phase of Belfast waterfront scheme approved
Sterling hires from PGIM to run asset management
PedElle gets in pole position
UK healthcare investment to bounce back after 49% crash
HREF provides exit loan for Southwark luxury resi scheme
High net worth investors plan real estate haul
UK to face 620,000-bed PBSA shortfall by 2028
Roko brings four health clubs to market
Kauntze to stand down as BCO chief executive
Sable Capital acquires Hackney Wick BTR scheme
The forever renters: why developers are building for a changing demographic (£)
UK plc ready to unleash £100bn of investment, says Aviva chief (£)
Business confidence slips from eight-year high (£)
Three million UK households face steep rise in mortgage repayments (£)
Murdoch slashes New York penthouse price by more than half (£)
Send feedback to Tim Burke
Follow Estates Gazette
