CDL acquires five UK student accommodation assets for £215 million Dec 21, 2022 City Developments Limited (CDL) has enlarged its United Kingdom student accommodation portfolio with the acquisition of five high-quality Purpose-Built Student Accommodation (PBSA) assetsfor £215 million (approximately S$357 million), made via two separate transactions. With an average age of less than three years and a portfolio comprising 1,863 beds, the five assets in Birmingham, Canterbury, Coventry, Leeds […] Posted by: Nathan Spencer Read more
Stoford and Blackbrook sign forward funding deal for two prime logistics assets in West Midlands Dec 21, 2022 Leading commercial property developer, Stoford will deliver almost 450,000 sq ft of new logistics accommodation in the West Midlands after completing a forward funding deal with specialist European independent real estate investor, Blackbrook. Two new Grade A warehouse facilities are being speculatively developed as part of the second phase of Redditch Gateway, a multimillion pound […] Posted by: Nathan Spencer Read more
Maidstone Council committed to deliver 1,000 affordable homes Dec 21, 2022 Maidstone Borough Council (MBC) has commenced an ambitious project to build 1,000 new affordable homes in the borough and has started to make positive strides to achieve this. MBC recognises the need for more affordable housing in the area and is determined that those in the local community who may not be able to afford […] Posted by: Nathan Spencer Read more
Cadillac Fairview buys 25% stake in Stanhope Dec 21, 2022 Canadian investor Cadillac Fairview, the real estate arm of Ontario Teachers’ Pension Plan, has acquired a 25% stake in UK developer and asset manager Stanhope PLC. This consolidates a successful and expanding partnership between Cadillac Fairview and Stanhope in delivering life sciences and workspace projects in the UK, together with broader masterplans. The partners are […] Posted by: Nathan Spencer Read more
PIC invests £40 million in South East based social housing provider ‘Housing Solutions’ Dec 21, 2022 Pension Insurance Corporation plc (‘PIC’), a specialist insurer of defined benefit pension funds, has invested £40 million as debt in Housing Solutions, which owns and manages c. 7,500 properties in the South East of England. Following a competitive process run by Centrus, PIC was selected as the preferred capital markets funder in a total transaction […] Posted by: Nathan Spencer Read more
Leumi UK completes on a £26.5 million facility advanced to Livingway Group, secured against a high quality PRS portfolio in the North of England Dec 21, 2022 Specialist property lender Leumi UK has completed on a £26.53 million loan facility with property investor Livingway Group to refinance and expand its residential portfolio across key cities in the North of England. The package provides £14.8 million for refinancing five existing rental assets in Stockport, Manchester, Leeds and Bolton as well as an £11 […] Posted by: Nathan Spencer Read more
Hilltop Credit Partners generates over £1bn of UK residential development loan applications in four months, benefitting from market volatility and ongoing housing undersupply Dec 21, 2022 Hilltop Credit Stream, the real estate credit funding and management platform launched in August by Hilltop Credit Partners Limited (“Hilltop”), a leading real estate credit investment manager, has generated over £1 billion of SME residential development loan applications during its first four months. Capitalising on the ongoing market retrenchment from both more traditional and newer […] Posted by: Nathan Spencer Read more
Stoford and Blackbrook sign forward funding deal for two prime logistics assets in West Midlands Dec 21, 2022 Leading commercial property developer, Stoford will deliver almost 450,000 sq ft of new logistics accommodation in the West Midlands after completing a forward funding deal with specialist European independent real estate investor, Blackbrook. Two new Grade A warehouse facilities are being speculatively developed as part of the second phase of Redditch Gateway, a multimillion pound […] Posted by: Nathan Spencer Read more
LondonMetric JV acquires a NNN retail asset in South East London for £38 million Dec 21, 2022 LondonMetric Property Plc has acquired a NNN retail asset from an open ended property fund for £38.0 million through one of its joint ventures (LondonMetric share: £19.0 million). This reflects an initial yield on cost to LondonMetric of 5.4%, rising to 5.7% upon completion of short term asset management initiatives. The 68,000 sq ft property is located on […] Posted by: Nathan Spencer Read more
Mott MacDonald announced as UKREiiF EDI & Youth Pavilion Partner Dec 21, 2022 Mott MacDonald, the global engineering, management and development consultancy, has been announced as the official EDI & Youth Pavilion Partner ahead of UKREiiF 2023 – set to take place between 16-18th May 2023. Building on from the success of the inaugural UKREiiF, the event is growing in size with additional stages and content, and over 6,000 […] Posted by: Nathan Spencer Read more
