Segro completes European JV acquistions
1st Jul 2014 07:47
Industrial properties developer Segro has completed the acquisitions to make up a joint-venture portfolio focused on prime logistics assets and development land in Germany, Poland and France. The FTSE 250 group's 50%-owned Segro European Logistics Partnership has signed off on the last €185m (£148m
Read moreBroker tips: Housebuilders, Real estate stocks, Burberry...
17th Jun 2014 13:23
British housebuilders are unlikely to take a major hit from a rise in interest rates, US broker JP Morgan Cazenove said on Tuesday. "Given we expect a rate hike to be associated with improving economic conditions, we expect limited impact on market conditions". Large UK property stocks, which are
Read moreUK property stocks set for a de-rating, says Deutsche Bank
17th Jun 2014 10:29
Large UK property stocks, which are already trading at demanding valuations, could be set for a temporary de-rating on the back of "more challenging macro conditions", according to analysts at Deutsche Bank. "We on the property research team at Deutsche Bank see a real risk that the recent measures
Read moreTuesday broker round-up UPDATE
17th Jun 2014 09:45
Aquarius Platinum: UBS cuts target price from 41p to 24p and keeps a neutral rating. BAE Systems: Berenberg initiates with a target price of 455p and a hold recommendation. British Land: Deutsche Bank ups target price from 520p to 580p, but still recommends selling. Capital & Counties: Deutsche B
Read moreSEGRO progresses with SELP portfolio acquisition
30th May 2014 13:36
Warehousing and light industrial properties developer SEGRO on Friday said its 50%-owned SEGRO European Logistics Partnership (SELP) has completed £233m of the £384m portfolio acquisition. SELP is a joint venture that was established in October 2013. The remainder is expected to completed within
Read moreSegro accelerates developments as market conditions and yields improve
29th Apr 2014 08:49
Industrial and warehouse property owner Segro said it had enjoyed a continued improvement in both occupational and investment market conditions in the first quarter, with yields compressing, and had decided to accelerate its development programme to take advantage of conditions. The FTSE group said
Read moreSegro agrees new amended bank facilities
15th Apr 2014 08:05
Segro has agreed new and amended bank facilities totalling 380m pounds, it revealed on Tuesday, taking advantage of both the improved loan market conditions and its own improved credit strength. The FTSE 250 listed industrial and warehouse property group has taken a £186m revolving multi-currency,
Read moreLondon midday: Insurance stocks push markets higher, but banks fall
26th Mar 2014 11:42
- FTSE 100 at highest since March 11th - Insurers provide a lift, Standard Life and Phoenix in focus - Lloyds drops after government sale, RBS downgraded - ECB, PBoC stimulus hopes and US data drive gains techMARK 2,787.86 +0.51% FTSE 100 6,630.79 +0.39% FTSE 250 16,273.83 +0.75% UK stocks were at
Read moreLondon open: Stocks at two-week high, Standard Life jumps
26th Mar 2014 08:19
- FTSE 100 set for best close since March 12th - Markets track gains on US, Asian indices - Standard Life, Phoenix agree on Ignis deal - Lloyds drops after government sale techMARK 2,793.31 +0.70% FTSE 100 6,620.06 +0.23% FTSE 250 16,264.06 +0.69% UK stocks edged higher on Wednesday morning with m
Read moreSEGRO buys Midlands warehouse in property swap deal
24th Mar 2014 08:11
SEGRO has bought a 38,150 square metre single-let warehouse at Magna Park, Lutterworth, from Picton Property Income through a property swap deal. The distribution centre, currently leased to Primark until 2026, was acquired for £34m. Meanwhile, Picton has purchased SEGRO's 32,810 square metre mul
Read moreWednesday broker round-up UPDATE
5th Mar 2014 10:02
Abcam: Investec reduces target price from 552p to 480p and reiterates its buy recommendation. Numis upgrades from hold to buy with a target price 510p. Advanced Medical Solutions: Canaccord Genuity shifts target price from 94p to 101p and keeps a hold recommendation. African Barrick Gold: Nomura r
Read moreThursday broker round-up UPDATE
27th Feb 2014 09:55
Balfour Beatty: Berenberg moves target price from 340p to 350p and stays with a buy recommendation. Bodycote: FinnCap places both its target price (prev.: 620p) and its hold recommendation under review. Investec raises target price from 770p to 810p and keeps a buy recommendation. Numis upgrades fr
Read moreSegro joint venture SELP to acquire portfolio of European assets
11th Feb 2014 10:09
SEGRO's European Logistics Partnership (SELP) has signed a deal to acquire a portfolio of 'prime' logistics assets and development land in Germany, Poland and France for 472m euro. The acquisition, which is set to complete in the second quarter of 2014, will add 14 assets to SELP's existing collec
Read moreThursday broker round-up UPDATE
23rd Jan 2014 09:12
Afren: Investec ups target price from 170p to 200p and maintains a buy recommendation. AG Barr: Investec raises target price from 585p to 620p retaining an add rating. Canaccord Genuity ups target price from 630p to 650p and keeps a buy recommendation. Arbuthnot: Numis downgrades from add to hold
Read moreBroker snap: Real estate stocks to benefit from UK recovery, says HSBC
21st Jan 2014 15:57
Upbeat comments from HSBC gave real estate investment trust (REIT) stocks a boost on Tuesday, as the bank raised hopes that property companies will benefit from the UK's 'resurgent economic recovery'. In a review on the wider European REIT sector, HSBC said that the UK commercial real estate market
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