Wednesday broker round-up UPDATE
11th Dec 2013 08:35
Afren: Goldman Sachs lowers target price from 280p to 270p, while leaving its strong buy recommendation unaltered. Canaccord Genuity takes target price from 190p to 205p and keeps a buy recommendation. Alternative Networks: Westhouse Securities upgrades from neutral to add with a target price of 44
Read moreGreat Portland Estates to sell 20 St.James´s Street for 54.5m pounds
9th Dec 2013 12:12
FTSE-250 listed Central London property investment and development company Great Portland Estates has exchanged contracts to sell 20 St James's Street for 54.5m pounds. The purchaser is a single client account for a German pension fund managed by Pramerica Real Estate Investors That reflects a ne
Read moreGreat Portland beats NAV expectations as London boom continues
14th Nov 2013 09:20
- NAV rises ahead of expectations - EPS up 83 per cent - Bullish outlook Property development profits were larger than expected at Great Portland Estates, enabling it to lift net asset value (NAV) above analyst expectations for the half year. NAV rose 9.2% to 487p as the portfolio valuation clim
Read moreGreat Portland Estates JV announces second pre-let
23rd Oct 2013 07:54
Great Portland Estates' 50/50 joint venture (JV) with Ropemaker Properties on Wednesday announced that it has pre-let a further 23,608 sq ft of its development in Blackfriars Road, London. The Great Ropemaker Partnership (GRP) pre-let the the space to law firm Boodle Hatfield a deal which follows
Read moreGreat Portland receives planning permission for West End development
16th Oct 2013 07:11
Great Portland Estates (GPE) has received planning permission for its development at Rathbone Place in London's Fitzrovia. The company said the former Post Office building is to be converted into mixed office, residential and retail space just north of Oxford Street. Work on the development is e
Read moreTuesday broker round-up UPDATE
1st Oct 2013 09:35
African Minerals: Credit Suisse reduces target price from 350p to 280p and downgrades to neutral. British Land: Societe Generale cuts target price from 670p to 620p and downgrades to hold. Derwent London: Societe Generale reduces target price from 2610p to 2470p downgrading to hold. Faroe Petrole
Read moreSector movers: Real estate hit by Deutsche Bank downgrades
3rd Sep 2013 14:43
Real estate stocks were among the worst performers on Tuesday after some gloomy comments from Deutsche Bank, which downgraded a collection of companies under its coverage. The German bank cut ratings for UK-listed property peers Land Securities, British Land, Great Portland Estates, Intu Properties
Read moreTuesday broker round-up
3rd Sep 2013 11:13
ASOS: Exane increases target price from 5000p to 6000p and keeps an outperform rating. Associated British Foods: Exane upgrades to outperform with a target price of 2400p. Balfour Beatty: Berenberg ups target price from 270p to 300p and retains its buy recommendation. Barclays: Berenberg takes ta
Read moreGreat Portland Estates lets West End development
3rd Sep 2013 07:18
Great Portland Estates (GPE) has fully let its development at 95 Wigmore Street in the West End of London, six weeks after completion. The company said it let the last floor in its 82,300 square foot (sq ft) Great Wigmore Partnership development, its joint venture with Scottish Widows Investment P
Read moreMonday broker round-up UPDATE
2nd Sep 2013 08:57
Berkeley Group: Panmure Gordon raises target price from 2046p to 2150p and reiterates a hold recommendation. Betfair: Panmure Gordon increases target price from 1000p to 1317p and maintains a buy recommendation. BHP Billiton: WH Ireland downgrades to neutral. British Land: Exane ups target price
Read moreWednesday broker round-up
28th Aug 2013 08:09
African Barrick Gold: Nomura takes target price from 155p to 250p and reiterates its buy recommendation. Antofagasta: Deutsche Bank cuts target price from 1050p to 1035p and retains a hold recommendation. JP Morgan reduces target price from 1005p to 975p, while its neutral rating remains unchanged.
Read moreSector movers: British Land leads real estate stocks lower
24th Jul 2013 15:11
British Land was providing a drag in the real estate investment sector on Wednesday despite saying it had made a 'good' start to the year. The share price was down 1.54% at 607.5p in afternoon trade as investors shrugged off the firm's upbeat comments about a steadily improving economy and signs of
Read moreGreat Portland Estates buys West End's Oxford House
17th Jul 2013 08:16
Property group Great Portland Estates today confirmed that it has bought Oxford House, 76 Oxford Street, W1. Great Portland said Oxford House is a prominent freehold property at the junction of Oxford Street and Newman Street, adjoining Great Portland's 2.3 acre Rathbone Place redevelopment site.
Read moreGreat Portland reports strong demand for its office space
4th Jul 2013 07:43
Great Portland Estates reported a near twelve per cent return from its portfolio in the year to March 31st helped by its focus on the undersupplied West End market in London. The London office landlord and developer which has s £2.3bn portfolio said the return beat that of its central London benchm
Read moreSector movers: property players boosted by demand report
28th Jun 2013 14:55
Property sector companies received a strong boost on Friday from read-across news that overseas investment and commercial occupiers will maintain healthy demand for the next five years. The sector was up 1% by mid-afternoon. The 'Global Investor Appetite' report by law firm Nabarro, saw investors i
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