Puma Property Finance commits £33m funding to build three new care home developments and address growing demand in regional areas Nov 18, 2022 Puma Property Finance (Puma) has today announced it is providing over £33m of development funding to finance three separate care homes in Oxfordshire, West Sussex and Cambridgeshire, in its continued support for the care sector. In Oxfordshire and West Sussex, one care home operator will lead the development of both sites, creating spacious ensuite bedrooms, […] Posted by: Nathan Spencer Read more
Sancus gives £10.95 million development loan for residential project Nov 18, 2022 Sancus Lending Group has provided a £10.95 million loan for Bowsfield, an All Saints Developments’ scheme for high spec homes in Norfolk. The 67% loan to gross development value (LTGDV) loan over a 24-month term is Phase 2 of the overall development, enabling the development of 22, mainly detached three, four and five-bedroom residential houses […] Posted by: Nathan Spencer Read more
Developer secures extra £10m funding for eco-friendly retirement village Nov 18, 2022 An eco-friendly village for over-55s, in Burnham-on-Crouch, Essex, is set to grow further following the developer’s securement of an additional £10m of funding for the project from Shawbrook. The new finance will support the expansion of the first part of Burnham Waters by an additional 19 bungalows, taking the total for this phase to 63 […] Posted by: Nathan Spencer Read more
Hines and Clowes expand venture to develop 1.15m sq ft of best in class logistics space Nov 18, 2022 Hines, a global real estate investment, development, and property manager, in response to continued demand from global occupiers, continues to grow its logistics development presence in the UK and Europe via the expansion of its joint venture with Clowes, the UK property investor and developer, to develop a total of 1.15 million square feet (107,000 […] Posted by: Nathan Spencer Read more
Weston homes announces £500m land acquisition drive in order to further expand £2.13bn pipeline portfolio of over 7,500 new homes Nov 18, 2022 Weston Homes, the leading volume housebuilder, has announced plans to invest up to £500 million in strategic land acquisitions over the coming five years, buying new homes sites across outer London and the South East in order to further expand the company’s existing £2.13 billion portfolio of pipeline developments, which will deliver over 7,500 new […] Posted by: Nathan Spencer Read more
Webster Family, owners of the Seventy Ninth Group, launches £100m Private Equity Fund Nov 18, 2022 The Seventy Ninth Private Equity Fund, which is an Experienced Investor Fund specialises in the purchase and redevelopment of distressed assets, across a variety of sectors within the UK property market and will enable experienced investors from around the world to have hands-off access to lucrative UK property investments. It is the first investment option […] Posted by: Nathan Spencer Read more
Aareal Bank refinances Tristan’s UK hotel portfolio Nov 10, 2022 Aareal Bank has delivered £239.9 million to refinance the acquisition of a UK hotel portfolio in UK for Tristan Capital Partners. In 2022 Tristan’s European Property Investors Special Opportunities 6 (EPISO 6) became majority shareholders in Raag Hotels Limited which owns “Point A”. The acquisition bought them nine hotels in London, Edinburgh and Glasgow – managed and […] Posted by: Nathan Spencer Read more
£745m business case published for North-East metro extension Nov 10, 2022 Cross-party North East politicians and regional business leaders have come together to call upon the Government to invest in North East infrastructure by supporting the re-development of a new Metro extension in the region. The move comes as Transport North East publishes the first step in production of a Business Case, for approval by the […] Posted by: Nathan Spencer Read more
Arc & Co. and Alpha Property lending complete £7m bridge Nov 10, 2022 Alpha Property Lending has completed a £7m development exit loan for a newly completed development of 8 houses and 2 apartments in East London. Alpha Property Lending provided a fixed rate loan, giving the Borrower certainty in a volatile interest rate market. The loan was used to repay development finance and will enable the developer time […] Posted by: Nathan Spencer Read more
As global aviation firm lodges plans for £25million facility Nov 10, 2022 Global aviation giant Willis Lease Finance Corporation (WLFC) and its wholly-owned subsidiary, Willis Aviation Services Limited (WASL), have now lodged planning documents for a maintenance facility and a state-of-the-art Jet Centre at Aviation Village. The investment worth £25m is set to bring a significant number of jobs to the region. Part of the 49-acre stretch […] Posted by: Nathan Spencer Read more
