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
Sheffield Hallam University to open new campus in London! Nov 10, 2022 Sheffield Hallam University will open its first satellite campus outside of Sheffield in Brent Cross Town, the 180-acre, £8Bn new park town in London. The University is another piece of Brent Cross Town’s transformative 3 million sq ft commercial district of academic organisations, major corporations, global innovators, start-ups and scale-ups and will bring forward the […] Posted by: Nathan Spencer Read more
Persimmon reports strong results July – November 2022 Nov 10, 2022 Dean Finch, Group Chief Executive, commented: “Persimmon entered 2022 in a strong position with healthy forward sales and good weekly sales rates which continued throughout the first half of the year. This, together with our increasing levels of build efficiency, means we are well positioned to deliver new home completions for the year within our […] Posted by: Nathan Spencer Read more
Custodian REIT sells industrial unit at 12% ahead of June valuation Nov 10, 2022 Custodian REIT (LSE: CREI), which seeks to deliver a strong income return by investing in a diversified portfolio of smaller regional properties across the UK, is pleased to announce the disposal of an industrial unit in Kilmarnock at auction for £1.4 million at a 12% premium to its 30 June 2022 valuation. The environmental credentials of […] Posted by: Nathan Spencer Read more
Silbury Finance facilitates £22m for Hove residential development Nov 10, 2022 The Oaktree Capital Management-backed lender agreed the 17-month facility at 70% LTGDV. It will support Stonegate’s transformation of a vacant office block into 100 residential flats arranged over seven floors. The scheme will include a mix of one-and-two-bed apartments and penthouses with panoramic views across Brighton and the coastline. Some 25% of the homes are […] Posted by: Nathan Spencer Read more
Packaged Living and USAA Real Estate form JV to develop UK Build to Rent portfolio Nov 10, 2022 Packaged Living, the specialist UK Build to Rent (“BtR”) investor, developer and operator has announced today that it has entered into a new joint venture (“JV”) with USAA Real Estate (“USAARE”), the global asset manager with deep experience in rental housing development and asset management, to develop a portfolio of multifamily BtR assets across the […] Posted by: Nathan Spencer Read more
Legal & General invests £70m in Saxon Weald with sustainability-linked private placement Nov 10, 2022 Marking its eighth ESG-linked deal in the corporate debt space to date, LGIM Real Assets (Legal & General) provides Saxon Weald with sustainability-linked long-term financing to deliver new, energy efficient homes. LGIM Real Assets (Legal & General), on behalf of its Corporate Debt team, announces today that it has provided Saxon Weald £70m of sustainability-linked […] Posted by: Nathan Spencer Read more
