Government announces new Devolution deals across England Sep 19, 2024 Devolution deals have been confirmed for Hull & East Yorkshire, and for Lincolnshire – with Combined County Authorities also set to be established in Lancashire, and Devon & Torbay. The Mayoral elections will be in 2025 if the devolution deals are approved by Parliament. Greater Lincolnshire will receive an additional £24m a year from Government, […] Posted by: Deividas Krupstas Read more
Metro Bank completes £16m refinancing deal with Criterion Capital for Zedwell Hotel expansion Sep 18, 2024 Metro Bank has finalised a £16mn, five-year funding package with Criterion Capital to refinance Zedwell Greenwich, which opened in October 2023. This investment is central to Criterion Capital’s ambitious expansion strategy of transforming obsolete buildings into lifestyle hotels. With 13 more Zedwell hotels planned by 2027 across the UK, the brand is set to have […] Posted by: Deividas Krupstas Read more
Eatos Group acquire £16.5 million Central London asset Sep 18, 2024 Eatos Group has acquired mixed-use property in Central London for £16.5 million. The property, located on Great Sutton Street in Clerkenwell, consists of a retail showroom and 27 residential apartments situated above it. The 27 apartments feature a mix of living spaces, including 2 studios, 4 one-bed, 15 two-bed, and 5 three-beds, across two buildings. […] Posted by: Deividas Krupstas Read more
Legal & General announces sale of CALA Group Sep 18, 2024 Legal & General Group Plc (“Legal & General” or “L&G” or the “Group”) today announces that it has agreed the sale of the UK house builder CALA Group (“Cala”) for an enterprise value of £1.35bn, to Ferguson Bidco Limited, an entity owned by funds managed by Sixth Street Partners and Patron Capital. The consideration for […] Posted by: Deividas Krupstas Read more
SEGRO prices £420m of 8-year bonds Sep 18, 2024 SEGRO has announced the pricing of a £420m senior unsecured bond issue for an eight-year term priced at 123 basis points above euro mid-swaps with an annual coupon of 3.5 per cent. The bond issuance was over six times subscribed at peak. The proceeds of the issue will principally be used to refinance existing indebtedness, […] Posted by: Deividas Krupstas Read more
Unite Students plan 800 PBSA scheme in Southampton Sep 17, 2024 Unite Students has submitted plans to redevelop Mercury Point in Southampton, to deliver a PBSA scheme which will house 810-beds. The current building, which includes 560-beds, will be across two blocks connected by an outdoor terrace. The scheme, if approved, would see the building close from mid-2025 once students have left for the academic year. […] Posted by: Deividas Krupstas Read more
Plans submitted for £10bn West London neighbourhood Sep 17, 2024 The Earls Court Development Company has submitted proposals for a 7.5 million sq ft masterplan to transform a development site in central London. The site where the Earls Court Exhibition Centres once stood will be redeveloped into a 106 billion West London neighbourhood, featuring 4,000 homes. The homes will be surrounded by 20 acres of […] Posted by: Deividas Krupstas Read more
Landsec announced new £350m Green Bond issuance Sep 17, 2024 Landsec’s wholly-owned subsidiary, Land Securities Capital Markets PLC, has launched and priced a £350m Green Bond with a maturity of 10.0 years, paying a coupon of 4.625% and representing a spread of 97 basis points over the reference gilt rate, subject to final legal documentation. The new bond further strengthens Landsec’s financial position and extends […] Posted by: Deividas Krupstas Read more
Urban Logistics REIT secures four assets Sep 17, 2024 Having successfully refinanced its £151m debt facility, FTSE 250 company Urban Logistics REIT has deployed funds to secure four logistics assets totalling £42.4m. The business has replaced its existing £100m term loan and £51m revolving credit facility with a new £140m term loan and £50m revolving credit facility. The four strategic assets will achieve a […] Posted by: Deividas Krupstas Read more
Plans submitted for 23-storey Manchester BtR scheme Sep 17, 2024 Plans have been lodged for an exciting new multi-million-pound sustainable build-to-rent (BTR) development in Manchester. Property investment and development company Zephyr X has submitted proposals to Manchester City Council for a 23-storey residential scheme at the corner of Carnarvon Street and Cheetham Hill Road in the city centre. The proposals by Zephyr X, which has […] Posted by: Deividas Krupstas Read more
