£1bn town centre masterplan approved Apr 30, 2021 An ambitious masterplan to transform a 1.4m sq ft of land in Birkenhead town centre has been approved by Wirral Council’s planning team. The development aims to deliver a highly accessible central business district with new energy-efficient Grade A office space within an extensive public realm and green space. The council will occupy part of […] Posted by: Nathan Spencer Read more
IPUT Real Estate to invest €500m in sustainable development projects Apr 30, 2021 Investment of over €500 million in sustainable development over five years Commitment to developing and operating net zero carbon buildings by 2030 Delivered resilient performance in 2020 paying cash dividend of €102.5m IPUT Real Estate, Ireland’s leading property company and the largest owner of offices and logistics assets in Dublin, today issues its 2020 Responsibility […] Posted by: Nathan Spencer Read more
Biggest economic boom since 1948 predicted by Barclays boss Apr 30, 2021 The UK is about to experience its biggest economic boom since the aftermath of WW2, according to Barclays boss Jes Staley, as the bank reveal its profits for Q1 had more than doubled from a year earlier to £2.4bn. He said: “We estimate the UK economy will grow at its fastest rate since 1948. That’s […] Posted by: Nathan Spencer Read more
Stenprop shows continued strong demand for multi-let industrial space in the UK Apr 30, 2021 Stenprop Limited, the UK multi-let industrial property company, today publishes a trading update on its UK multi-let industrial (“MLI”) portfolio for the period 1 January 2021 to 31 March 2021 and up-to-date information on transactions and rent collections across the Company’s whole portfolio. Commenting on the trading update Paul Arenson, CEO of Stenprop, said: “We […] Posted by: Nathan Spencer Read more
UK’s leading healthcare operator secures £540m refinancing deal with Welltower Apr 30, 2021 Healthcare real estate investment trust (REIT) Welltower has partnered with a Safanad-led investment group to recapitalise leading care home operator, HC-One. Welltower has provided a £540m senior secured loan in addition to a £55m equity investment. As part of the refinancing deal, HC-One is also reducing its debt by £66m. Additionally, Safanad and Court Cavendish […] Posted by: Nathan Spencer Read more
Developer strikes deal for four sites to develop 1,000 homes Apr 29, 2021 Persimmon Homes has secured a series of land deals that will pump more than £5m into local communities through Section 106 contributions. Development by Persimmon Homes North West will see four new sites deliver almost 1,000 much needed new homes while directly supporting 357 construction jobs per year. Karl Wiseman, Managing Director of Persimmon Homes […] Posted by: Nathan Spencer Read more
Focus on mid box logistics sector delivers strong results for Aberdeen Standard European Logistics Income Plc Apr 29, 2021 Aberdeen Standard European Logistics Income PLC, the Continental European investor in modern warehouses, which is managed by Aberdeen Standard Investments, today announces its final results for the 12 months to 31 December 2020. Strong financial performance, with valuation increase underpinning double-digit NAV total return: Net asset value increased by 8.1% to €1.20 (31 December 2019: […] Posted by: Nathan Spencer Read more
Deutsche Finance International (DFI) appoints first Head of Tax Apr 29, 2021 Deutsche Finance International (“DFI”), the pan-European private equity real estate investor which manages €2.8 billion of assets and specialises in customer-centric real estate, has hired Michael Attfield as Head of Tax. The appointment is in line with DFI’s strategy to operate its platform with a strong in-house professional team, ensuring best in class execution and […] Posted by: Nathan Spencer Read more
Allegra Care and Moorfield JV acquires Sentinel Health Care Group in £125 vision Apr 29, 2021 The acquisition is the first form the newly formed £125m nursing home partnership Allegra Care, the UK-focused care home operator, and Moorfield Group, a leading UK specialist real estate fund manager acting on behalf of Moorfield Real Estate Fund IV (Moorfield), have completed the acquisition of Sentinel Health Care, the privately owned nursing home group. […] Posted by: Nathan Spencer Read more
World’s biggest sovereign wealth and pension funds eye up UK green investment opportunities Apr 28, 2021 The UK is in talks with some of the world’s biggest sovereign wealth and pension funds about investing in British green energy projects, including gigafactories and offshore wind farms. UK minister Gerry Grimstone told the Financial Times earlier today that he has had discussions with investors including Temasek and GIC, the Singaporean sovereign wealth funds, […] Posted by: Nathan Spencer Read more
