Economy & Financial

Orchard Street announces the appointment of Kathryn Barber as Head of Responsibility and ESG. She will be integral to building on Orchard Street’s strong credentials as a responsible investor and will support the business in delivering measurable social and environmental impact on behalf of its inaugural Impact Fund, Orchard ...

Investment in Scotland’s commercial property market saw a significant rebound during the first quarter of 2024, as inflation began to come under control and a cut to interest rates looked more likely, according to analysis from Knight Frank.

InCity Immobilien AG did not achieve the earnings forecast adjusted in December 2023: According to the preliminary, unaudited figures, the project developer is recording a consolidated annual loss of around €6.0 million. A loss of €5.0 - 5.5 million was forecast.

CTP has reached another milestone in 2023, increasing its total lettable area in Czech Republic to over 4 million sqm. With a 27% share of the Czech market, it remains the largest player in the industrial real estate sector. Occupancy across CTParks remains high at 97%, confirming the continued demand for modern and energy ef...

Shaftesbury Capital is celebrating the success of its long-term support for Smart Works, the UK charity, with its fourth pop-up across the West End portfolio having taken donations past £200,000 to date.

Aviva Investors has completed an investment to provide financing towards the development of the new Velindre Cancer Centre in Cardiff. The investment was made by Aviva Investors on behalf of Aviva UK Life.

Summus Capital is preparing to issue new bonds. Subject to market conditions bonds are to be issued in the 2nd quarter of 2024 through a private placement with an issue size of up to 15 million euros. New funding is expected to be used for refinancing existing bond obligations and to support business growth.

Panattoni has been granted financing to develop a factory for global lighting expert Trilux, a company that specialises in hi-tech, environmentally-friendly B2B solutions. The loan of €18,3 mln was granted by Alior Bank.

Karimpol Polska appoints Michał Orłowski as Director, Head of Leasing and Asset Management. The new Director has taken his position as of April 2024, replacing Jarosław Prawicki, who played an important role in the company's development and success for over six years.

DM Hall has appointed Billy Thomson as its inaugural Energy Services Manager. In this newly created role, Thomson will spearhead DM Hall's initiatives in energy efficiency and sustainability across its portfolio.

Vonovia SE issued an unsecured social bond with a term of 10 years on April 3, which is in compliance with the company's Sustainable Finance Framework defined in February 2022. The bond with a total volume of € 850 million and a coupon of 4.25% was 4.8 times oversubscribed.

Segro has appointed Anna Bond as Head of Western Corridor, responsible for the overall leadership of the company’s development and asset management activities across the Thames Valley, including the Slough Trading Estate, as well as the Heathrow Airport and the M4 corridor portfolio. This region has £5.3bn of assets under man...

Reef Group has appointed Ardmore to deliver the final phase of Tribeca, London's largest purpose-built life science campus, in the King's Cross Knowledge Quarter. Tribeca is London's largest purpose-built life sciences campus, featuring high-quality workspace, state-of-the-art laboratories, homes, shops and restaurants, as we...

At the Extraordinary General Meeting of Catella AB held on 20 March 2024, it was resolved that Catella would make a conditional offer to repurchase warrants of series 2020/2024:A and series 2020/2025:B issued under Catella's long-term incentive programme. 2,450,000 warrants have now been repurchased.

Round Hill Capital has sold its Nido Living business to Canada Pension Plan Investment Board (CPP Investments). The transaction represents a successful disposal for Round Hill Capital, having owned the business for 12 years.

Lloyds Banking Group, Nationwide, NatWest, and Rightmove have started a strategic investment in Coadjute, the London-based property technology business. This is the first time that the UK's three largest mortgage providers have come together to fund a PropTech.

Hines has appointed company veteran John Carr as Chief Financial Officer for Europe, succeeding current CFO David Braaten who will retire.

Knight Frank has appointed Philipp Ueberschaer as EMEA Head of Occupier Strategy & Solutions. With over 18 years’ experience as a real estate professional, Philipp has transacted several million sq ft in markets across the globe, advising large corporations from a wide range of sectors on their global portfolios and real esta...