LondonMetric sells five long income and urban assets for £43M Jul 10, 2023 LondonMetric Property Plc (“LondonMetric”) announces that it has exchanged on the sale of five assets for £42.8 million, reflecting a NIY of 4.5%. The combined sales are in line with the 31 March 2023 book value. Three of the assets have been sold individually for £25.3 million in total, with a WAULT of 12 years: The […] Posted by: Mya Driver Read more
Pluto £25m finance deal Leicester Jul 10, 2023 Pluto Finance has announced the successful completion of a £25m loan agreement with HGP for the development of a Build-to-Rent project in the city of Leicester. Pluto Finance, a leading development finance provider, has confirmed its second loan agreement with the Housing Growth Partnership (HGP) for the development of a Build to Rent (BTR) project […] Posted by: Mya Driver Read more
Barrow Learning Quarter: Contractor sought to build Cumbrian campus Jul 10, 2023 A successful contractor will create a university campus, the town’s first, on a 2.76-hectare site beside BAE Systems’ existing Submarines Academy for Skills and Knowledge. The multi-million pound campus project is the centre piece of the Barrow Learning Quarter (BLQ), one of the #BrilliantBarrow Town Deal projects backed by government funding. Together with upgraded facilities at Furness […] Posted by: Mya Driver Read more
Trebor and Hillwood acquire major industrial site in Ipswich Jul 10, 2023 Trebor Developments and Hillwood have acquired 8 acres of commercial development land from Ipswich Borough Council at Eastern Gateway, Ipswich. Prior to acquiring the site, Trebor secured detailed planning consent in 2022 for a five unit industrial and logistics scheme, ranging in size from 12,905 to 52,250 sq ft. The units will be built speculatively, […] Posted by: Mya Driver Read more
UKEF provides £1.1 billion support to the construction sector in 2022 Jul 10, 2023 UK Export Finance (UKEF) has published its annual results for 2022-23, which show the government’s export credit agency provided £1.1bn in new, direct support for UK construction exporters in the last 12 months. This supported up to 5,000 jobs in the sector, a 25% increase on last year’s figures. Overall, UKEF provided £6.5 billion in […] Posted by: Mya Driver Read more
A £400 million Build-to-Rent project is poised to provide 1,000 homes in Digbeth Jul 10, 2023 Moda Living and Aviva Capital Partners have announced a joint venture to invest in a four-acre regeneration site in Digbeth, with plans to build 1,000 homes for rent. The £400 million ‘Stone Yard’ project aims to transform a brownfield site near Birmingham New Street Station and HS2 Curzon Wharf. The site was purchased from Gallagher […] Posted by: Mya Driver Read more
Defiant dealmaking for Shoosmiths’ real estate investment group Jul 10, 2023 Despite further tightening in the lending market and wider economy, Shoosmiths’ real estate investment group concluded c.£200m worth of deals in Q2 2023. The quarter saw the law firm’s investment specialists act on transactions in the office, industrial and logistics sectors, as well as the mixed-use Royal Albert Dock development. Shoosmiths started the quarter by […] Posted by: Mya Driver Read more
Octopus Real Estate provides loans totalling £26.3m to leading care home operator Jul 10, 2023 Octopus Real Estate, part of Octopus Investments and a leading UK specialist real estate lender and investor, has provided a total of £26.3m to support the development of two purpose built care homes. The back-to-back development loans provided to Connaught Care last month will finance the construction of two state of the art care homes […] Posted by: Mya Driver Read more
£500m Green Finance Fund opens to London local authorities Jul 10, 2023 Urgent action is needed to tackle climate change. We are seeing the impacts of climate change accelerate in London and globally. Last year London experienced drought, record temperatures and heatwaves that also led to wildfires across the city and the busiest day for the London Fire Brigade since the Second World War. Globally we saw […] Posted by: Mya Driver Read more
Announcement of £500 million funding partnership Jul 10, 2023 LendInvest plc (AIM: LINV; “LendInvest” or the “Group”), the UK’s leading platform for mortgages, has announced a £500 million investment to fund part of its future mortgage originations for its Buy-to-Let and Residential Mortgage products from Chetwood Financial Limited. This new funding will further the growth of LendInvest’s Buy-to-Let business, which supports professional landlords, as […] Posted by: Mya Driver Read more
