Barratt Developments shares dipped 0.8% to 418.6p in early morning trading on Wednesday, after announcing a statutory pre-tax profit of £642 million in FY 2022 against £812 million the last year. The company highlighted revenues of £5.2 billion in FY 2022 against £4.8 billion the last year. Barratt Developments reported total home completions of 17,908 […]

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LondonMetric reached agreements on three grocery lettings within its long income and retail park assets in Ashford, Totton, and Tonbridge. The three lettings, Ashford, Totton, and Tonbridge, are expected to generate of £1.2m in contracted rent per annum. Alongside, the lettings, will have a weighted average unexpired lease term (WAULT) of 16 years and benefit from RPI or fixed rental uplifts. Lettings Ashford, Middlesex LondonMetric has secured a new 25-year lease with Lidl on the existing 32,000 sq ft Hitchcock & King store on behalf of its MIPP Joint Venture. The rent is £0.6m p.a. […]

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A new report by the London Central Portfolio (LCP) reflecting on lettings trends across 2020 has revealed that almost 50% of new tenants in prime London properties were from the European Union. New tenants in 2020 by region (%) The LCP’s data outlined the home regions of new tenants letting London properties in 2020. Travel […]

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Real estate firm Rightmove has projected a further climb in UK house prices in 2021 despite Brexit, the ongoing coronavirus pandemic and whether or not the government chooses to extend the current stamp duty holiday. Asking prices rose almost 7% this year, but are expected to gain a further 4% over the next twelve months […]

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Intu Properties (LON:INTU) have seen their shares slump on Thursday afternoon on the back of the releasing of their annual results. “Our results are evidence of the challenges in our market, in particular structural changes ongoing in the retail sector, with some weaker retailers struggling to remain relevant in a multichannel environment. This has led […]

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