Property NEWS

Home repossessions in the UK continue to fall

The rate of home repossession in the UK continued to fall in the third quarter of 2012, the Council of Mortgage Lenders (CML) reported today. In its latest quarterly report, the CML said … Continue reading “Home repossessions in the UK continue to fall”


Potential buyers walk away form deal to acquire housebuilder Redrow

British housebuilder Redrow Plc (LON:RDW) said its suitors Bridgemere Securities Limited in concert with funds Toscafund Asset Management LLP and Penta Capital LLP had decided to end negotiations over a takeover offer for … Continue reading “Potential buyers walk away form deal to acquire housebuilder Redrow”


UK housebuilder Persimmon acquires local rival Hillreed Homes

British homebuilder Persimmon plc (LON:PSN) said on Monday it had taken over regional sector player Hillreed Homes for GBP35.7m (USD57.4m/EUR44.3m) in cash, further reinforcing its presence in the south east of England. The … Continue reading “UK housebuilder Persimmon acquires local rival Hillreed Homes”


Redrow secures takeover panel extension as firm bids fail to emerge

British housebuilder Redrow Plc (LON:RDW) said that at its request the UK Takeover Panel extended until 18 October the deadline for Bridgemere Securities Limited in concert with funds Toscafund Asset Management LLP and … Continue reading “Redrow secures takeover panel extension as firm bids fail to emerge”


UK house prices rise three times the rate of wage inflation

House prices in the UK have continued to stretch further away from the reach of millions of workers, a new study confirmed today. Research from the National Housing Federation shows that house prices … Continue reading “UK house prices rise three times the rate of wage inflation”


Qatar-based investor buys 45% stake in UK luxury property firm Native Land

British luxury real estate developer Native Land said a Gulf-based investor had acquired a 45% stake in it, but did not disclose its name or the amount paid for the shares. As a … Continue reading “Qatar-based investor buys 45% stake in UK luxury property firm Native Land”


Growth slows in UK service sector in June

Growth in the UK’s service sector slowed down in June, with weak demand and the extra holidays for the Queen’s Diamond Jubilee weighing on activity, a new survey showed today. The Purchasing Managers’ … Continue reading “Growth slows in UK service sector in June”


Britain’s young people to struggle to get on the property ladder

The UK’s dwindling stocks of affordable housing has often been called a crisis. But in the report Housing options and solutions for young people in 2020 the Joseph Rowntree Foundation (JRF) says things will only … Continue reading “Britain’s young people to struggle to get on the property ladder”


AIG’s German arm increases offer for property firm AIRE

AIG Century GmbH & Co KGaA, part of US insurance major American International Group Inc (NYSE:AIG), said on Friday it had increased its voluntary offer to take full control of German real estate … Continue reading “AIG’s German arm increases offer for property firm AIRE”


Sponsor Ceberus takes Isle of Man-based Spaymill out of receivership

US private equity firm Cerberus Capital Management LP said today it had inked a deal to take Isle of Man-based, pan-German residential investor Speymill Deutsche Immobilien Company plc (LON:SDIC) out of receivership. The … Continue reading “Sponsor Ceberus takes Isle of Man-based Spaymill out of receivership”


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