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St Modwen bidder enters loan agreement

Wed, 21st Jul 2021 09:02

(Sharecast News) - St Modwen Properties said the Blackstone-backed firm planning to take the UK residential property company private in a $1.75bn deal has entered into a loan agreement to fund the transaction.
Brighton Bidco Ltd and a co-borrower have entered into a credit facility for £1.15bn with RBC Europe Ltd, JP Morgan AG and United Overseas Bank, according to St. Modwen.
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5 Jul 2016 09:34

WINNERS & LOSERS SUMMARY: Consumer And Property Stocks Downgraded

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5 Jul 2016 08:06

BUZZ-UK property companies fall on more signs of post-Brexit stress

** UK property companies and housebuilders fall after an asset write-down and suspension of a leading property fund cause concern ** Standard Life Investments has suspended trading in its unlisted UK real estate fund (one the country's largest) after previously writing down its value by 5 p

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5 Jul 2016 07:27

St Modwen takes more cautions approach due to Brexit

(ShareCast News) - St Modwen Properties increased its interim dividend 2% but said it would be likely to take a more cautious approach to strategy after the Brexit decision cast a veil of uncertainty over the UK property market. After the six months to 31 May, the net asset value of the property reg

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5 Jul 2016 06:57

TOP NEWS: St Modwen Profit Down, Cautious Outlook Post-Brexit

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28 Jun 2016 15:06

UK Earnings, Trading Statements Calendar - Next 7 Days

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31 May 2016 15:52

Broker tips: St Modwen Properties, Bodycote

(ShareCast News) - Numis reiterated a 'buy' rating and target price of 535p on St Modwen Properties after the property company said trading for the year had started well. In a pre-close statement for the period 1 December 2015 to 31 May 2016, St Modwen said it continued to add new opportunities to i

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31 May 2016 12:48

Numis reiterates 'buy' rating on St Modwen Properties

(ShareCast News) - Numis reiterated a 'buy' rating and target price of 535p on St Modwen Properties after the property company said trading for the year had started well. In a pre-close statement for the period 1 December 2015 to 31 May 2016, St Modwen said it continued to add new opportunities to i

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31 May 2016 07:48

St Modwen says trading has started well

(ShareCast News) - Property company St Modwen said the trading for the year had started well as it continued to extract both short and long-term value-generating opportunities from its land bank through asset management activities, remediation, and success in planning and development. In a pre-close

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31 May 2016 07:29

LONDON MARKET OPEN: RIT Interest Sends Alliance Trust Shares Higher

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31 May 2016 07:04

TOP NEWS: St Modwen Posts Good Start To Year, Progressing Developments

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25 May 2016 14:28

Incoming Unite Group CEO Richard Smith To Take Up New Role Next Week

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12 Apr 2016 13:25

Peel Hunt sees opportunities and risks in UK commercial property

(ShareCast News) - In 2016, and for the first time in four years, UK commercial property shares had not outperformed the All-Share. That had thrown-up appetising opportunities in the sector for the first time in several years as shares de-rated, with the sector changing hands on an average discount

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7 Apr 2016 11:14

LONDON MARKET MIDDAY: Stocks Give Back Gains As Oil Rally Peters Out

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7 Apr 2016 09:33

WINNERS & LOSERS SUMMARY: Connemara Shares Double On Inishowen Results

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7 Apr 2016 06:37

Unite Group Promotes Operations Director As CEO Poached By St Modwen

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