Capital & Counties Properties Plc climbed to a record after JPMorgan Chase & Co. said the builder planning 7,500 homes at London’s Earls Court may sell part of the site and use some of the proceeds for a one-time dividend.
Land Securities Group Plc , the U.K.’s largest real estate investment trust, led property stocks higher with the biggest increase in 21 months after the company’s annual profit beat analysts’ expectations.
Land Securities Group Plc and Canary Wharf Group Plc formed a venture to build the “ Walkie-Talkie ” tower in London, taking advantage of a shortage of top-quality office space in the city’s main financial district.
Land Securities Group Plc , the U.K.’s largest real estate investment trust, said it will start work on a mall in northern England that’s the first large retail development outside London since the financial crisis began.
IVG Immobilien AG, the German real estate investment company that hasn’t paid a dividend for five years, had its biggest-ever decline in Frankfurt trading after saying it needs to restructure its finances.
Hammerson Plc and Westfield Group formed a venture to rebuild part of the English town of Croydon in south London in a project valued at about 1 billion pounds ($1.6 billion), ending a tussle over the development.
Asian investors are the biggest buyers of office property in the City of London this year, wagering that the financial district’s volatile market has changed since it routed Japanese buyers in the 1990s.