EG brings you a few highlights from yesterday’s news, in case you missed the daily round-up
LISTED PROPERTY UPDATE: Self storage survives stock market falls
Headlines about global stock market falls were hard to miss last week. But how did property fare? The FTSE 100 fell 4.7% and the FTSE 250 was down 3.7% last week amid concerns over inflation and interest rate rises stemming from the US. By comparison, the FTSE 350 property companies were down 2.5%.
“We are doing more development than we have ever done before,” says Cadogan Estate chief executive Hugh Seaborn.
Barings Real Estate has financed the £201m acquisition of No.1 Spinningfields in Manchester by a joint venture set up and managed by Schroder Real Estate Investment Management with an £81m facility.