Deutsche Bank reveals best quarter in seven years Apr 28, 2021 Deutsche Bank swung to better-than-expected net profit in the first quarter of 2021 as strength at the investment bank helped offset the headwinds of an ongoing restructuring programme and the coronavirus pandemic. Deutsche painted a rosier look for 2021, saying it now expects revenues to be “essentially flat”, compared with a previous estimate of “marginally […] Posted by: Nathan Spencer Read more
Lloyds Banking Group beats forecast with £1.9bn profit Apr 28, 2021 Earnings at Lloyds Banking Group have surged back, with a forecast-beating £1.9bn in pre-tax profits for the first quarter, as the lender released hundreds of millions of pounds-worth of loan loss provisions originally earmarked for potential defaults linked to the coronavirus pandemic. Lloyds released £459m from a cash pile meant to cover bad debts in the first […] Posted by: Nathan Spencer Read more
BMO Real Estate Partners Announces Head of Research Apr 28, 2021 BMO Real Estate Partners (BMO REP), part of Canada’s BMO Financial Group’s £227 billion Global Asset Management business, announces the appointment of Joanna Tano as Head of Research. Joanna will be based in London, reporting directly to Angus Henderson, Head of Business and Product Development. She will work across BMO REP’s European footprint with the […] Posted by: Nathan Spencer Read more
Europa Capital promotes four with James Farmer appointed Partner Apr 28, 2021 Europa Capital, the pan-European real estate investment manager, announces that it has promoted James Farmer to Partner, in addition to three further promotions across origination and acquisitions and investor relations. James joined the business as an Associate in 2010 from the Royal Bank of Scotland and during that time has assumed responsibility for acquisitions in […] Posted by: Nathan Spencer Read more
State Street Corporation announce senior appointment Apr 27, 2021 State Street Corporation, one of the world’s leading providers of financial services with $40.3 trillion in assets under custody/administration, has announced that it has appointed Aman Thind to executive vice president and global chief architect. In this role Thind will report to Brian Franz, global chief information officer. Thind is responsible for designing the strategy […] Posted by: Nathan Spencer Read more
Later life living developer invests £10m into Solihull site Apr 27, 2021 Later life living developer Pegasus has agreed the acquisition of a 1.4-acre site, which includes the Old St Alphege Rectory with Church of England Birmingham with plans to create 54 later living apartments in a prime location in Solihull which is valued at £10m. Pegasus, part of Lifestory, is delighted to announce the purchase, subject […] Posted by: Nathan Spencer Read more
Government announces ‘Investment Council’ to maximise UK’s investment offer Apr 27, 2021 Minister for Investment Gerry Grimstone has announced the creation of an Investment Council to act as an advisory body to the UK Government on foreign investment, to improve and enhance the UK’s business environment for foreign investors. Made up of private sector senior leaders from around the globe in a variety of industries – from technology and energy […] Posted by: Nathan Spencer Read more
Stonewater secures £100m to bring forward 6,000 homes Apr 27, 2021 Stonewater has secured £100m in new funding following a restructure to maximise capacity to deliver its planned 6,000 affordable homes over the next 4 years. The 33,000-home housing provider has borrowed £75m from SMBC and £25m from existing lender, Nationwide. The funding from new partner SMBC, is linked to sustainability performance so a lower interest […] Posted by: Nathan Spencer Read more
Search Begins For £1bn Project Reach Partner Apr 27, 2021 Network Rail is searching for a private investor to upgrade and install trackside fibre optic cables to help improve performance, safety and passenger telecoms. The partner would invest £1bn in designing and building the new public communications network and infrastructure along the railway in return for the right to use and commercially exploit the new […] Posted by: Nathan Spencer Read more
Atrium Raises €350m To Support Residential For Rent Investment Programme Apr 27, 2021 Atrium European Real Estate Limited, a leading owner, operator and redeveloper of shopping centres and retail real estate in Central Europe, announces that it has priced a €350 million inaugural green hybrid bond under its EMTN Programme. The programme attracted strong demand with an orderbook of €1.2 billion and were placed with a broad range […] Posted by: Nathan Spencer Read more