Persimmon Homes Expands in the West Midlands with Plans for 1,200 New Homes Nov 13, 2024 Persimmon Homes, one of the UK’s leading housebuilders, has announced an ambitious plan to construct an additional 1,200 homes across the West Midlands region. This development is a significant milestone in the company’s strategic expansion and marks a substantial investment in the area’s housing market. Over the past six months, Persimmon Homes has received planning […] Posted by: Deividas Krupstas Read more
Over 80 new council homes set for Haringey Nov 13, 2024 Residents in Haringey are set to benefit from 86 new affordable council homes as the council moves another step closer to delivering their ambitious house-building programme. Plans have been approved at a cabinet meeting on Tuesday (November 12) to acquire the vital new accommodation as part of the redevelopment of the Mecca Bingo site on […] Posted by: Deividas Krupstas Read more
Royal London Asset Management acquires 52-acre site from Hallam Land Nov 13, 2024 Henry Boot has announced that its land promotion and planning business, Hallam Land, has completed the sale of 52 acres of land for development at Pickford Gate, Coventry to Royal London Asset Management Property, the UK-based investment management company for an undisclosed sum. The sale has resulted in an ungeared internal rate of return for […] Posted by: Deividas Krupstas Read more
ProsperCap Secures £66 Million Loan from Castlelake Nov 12, 2024 ProsperCap, a leading UK hospitality real estate group, has successfully secured a £66 million mortgage-secured loan from Castlelake, LP, underscoring a notable vote of confidence from institutional investors in the UK hospitality sector’s recovery and growth potential. This loan forms a crucial part of a broader refinancing initiative aimed at strengthening ProsperCap’s hotel portfolio and […] Posted by: Deividas Krupstas Read more
Northern Ireland golf resort sold in £14m deal Nov 12, 2024 The 4-star Roe Park Resort, on the outskirts of Limavady has been sold through CBRE for a figure close to its guide price of £14m. Roe Park Resort, which was named the Best Golf Resort in Ulster at the 2024 Golfers Guide to Ireland awards, has been independently owned since it opened in 1995. In […] Posted by: Deividas Krupstas Read more
Pension fund commits £48.5m to build renewable energy infrastructure Nov 12, 2024 Border to Coast Pensions Partnership (“Border to Coast”) has made the first commitment within its innovative UK Opportunities portfolio on behalf of Partner Funds, driving capital into the build of new renewable energy infrastructure. The LGPS pool, the largest asset manager outside London and Edinburgh, has committed £48.5m to Capital Dynamics’ Clean Energy UK Fund […] Posted by: Deividas Krupstas Read more
Brookfield set to sell £390m of Tritax EuroBox assets to SEGRO Nov 12, 2024 On 4 September 2024, the boards of Tritax EuroBox and SEGRO made an announcement pursuant to Rule 2.7 of the City Code that they had reached agreement on the terms of a recommended all-share offer for the entire issued and to be issued share capital of Tritax EuroBox by SEGRO, to be implemented by way […] Posted by: Deividas Krupstas Read more
Evolve Estates enters private healthcare sector as it acquires two private hospitals Nov 12, 2024 Evolve Estates, part of commercial property and investment collective, M Core, has acquired two private hospitals in Diss and Scunthorpe on behalf of Leathbond Limited and LCP Securities as it enters the private healthcare sector. The company has acquired an existing operational private hospital in Scunthorpe and a private hospital with development opportunities in Diss, through […] Posted by: Deividas Krupstas Read more
Great Portland Estates acquires £59m West End asset for refurbishment scheme Nov 11, 2024 Great Portland Estates plc (GPE) is delighted to announce the acquisition of the special purpose company holding the long leasehold interest of Whittington House, WC1 for a total consideration of £58.5 million (£785 per sq ft on current NIA), subject to further balance sheet adjustment post completion. The building is currently let on a short-term […] Posted by: Deividas Krupstas Read more
GPE signs new £150 million ESG-linked Revolving Credit Facility Nov 11, 2024 Great Portland Estates plc (GPE) announces that it has signed a new £150 million ESG-linked unsecured revolving credit facility (RCF) at a headline margin of 90 basis points over SONIA. The facility has an initial three-year term which may be extended to a maximum of five years at GPE’s request, subject to bank consent. Alongside […] Posted by: Deividas Krupstas Read more
