Hansteen Monday reiterated it will stick to its vigorous investment expansion plans, in spite of the wider lull in the real estate market. The UK property firm vowed to maintain the acquisition drive, but to share the gains of rising income profits with investors. The UK property market is experiencing a chill but the firm

In a bid to expand its UK commercial property portfolio, Fidelity Investment Managers purchased a number of commercial property sites. The firm said it had increased its UK commercial realty offering through the acquisition of several properties. It is understood the firm spent an estimated 85 million pounds on a range of investments. Most of

The Lloyds Banking Group reported Friday that it had agreed on a deal that will see it sell its controlling stake in Crest Nicholson to Varde, a US based firm. The London Listed Lloyds Banking Group undertakes the Crest Nicholson stake sell as part of its ongoing non-core assets disposal. The overall aim of the

Indian real estate giant, Unitech announced that it had made an offer for its UK based arm, Unitech Corporate Parks (UCP) in an all cash agreement. The Indian realty major said Wednesday it had offered Rs 700 crore for its London Stock Exchange Listed arm, and that the offer is about 22% higher than the

Chapco Group, the fabric maintenance and FM business Monday announced it had received a £5 million investment capital funding from Next Wave Partners. The funding from the growth capital equity firm, Next Wave Partners, is expected to give it a considerable minority stake in the Chapco business in return. Chapco said in a statement that

The UK’s biggest letting agent and property services group, Countrywide, Wednesday reported its continued expansion through investments via the investment acquisition of Letmore Group. Letmore Group is the UK’s biggest independent specialist lettings agency with operations in East London and Essex. The Letmore Group, began in 1999, was the result of a merger by three