PIC forward funds £200 million Birmingham build to rent skyscraper Nov 2, 2022 Pension Insurance Corporation plc (“PIC”), UKREiiF attendee and specialist insurer of defined benefit pension funds, has forward funded One Eastside, which will be the tallest Build to Rent tower outside of London, standing at 154 meters tall. The£200 million investment will finance the construction of 667 residential apartments in central Birmingham on an existing brownfield […] Posted by: Mya Driver Read more
£25 million extension of revolving credit facility with HSBC for Impact Healthcare REIT Nov 2, 2022 The Board of Directors of Impact Healthcare REIT plc (ticker: IHR), the real estate investment trust which gives investors exposure to a diversified portfolio of UK healthcare real estate assets, in particular care homes, is pleased to announce that the Group has secured an extension of £25 million to its existing revolving credit facility with […] Posted by: Mya Driver Read more
Dagenham Green given green light for 935 homes Nov 1, 2022 Peabody has been granted permission for the first phase of Dagenham Green, with plans to build 935 homes on the site of the old Ford stamping plant, subject to agreement from the Environment Agency. The first phase of the development will be in the south-west corner of the site in the borough of Barking and […] Posted by: Mya Driver Read more
Major Leeds development secures council approval Nov 1, 2022 Plans for 9 Wellington Place have been given the green light by Leeds City Council. The latest addition to the MEPC developed urban quarter will provide 176,413 sq ft of office and 6,851 sq ft of ground floor retail and leisure space. Bringing hundreds more jobs to the Leeds city centre business destination, 9 Wellington […] Posted by: Mya Driver Read more
Ingenious lends £26M to finance project in East Ham Nov 1, 2022 Ingenious Real Estate Finance has completed a £26m loan financing deal to support the development of a mixed-use scheme consisting of 88 apartments, commercial space and a gym at the former Boleyn Cinema site in East Ham, London. This deal was introduced by broker Daniel Sovitch at Life Financial Solutions. The development will consist of […] Posted by: Mya Driver Read more
Decision due on plan to build new £12.5m health hub in Castleford Nov 1, 2022 Castleford will have a new purpose-built health hub if senior councillors give their approval. To meet the increasing demand for healthcare services, Wakefield Council is planning to invest £12.5 million in building a new hub. Two existing GP practices, along with a new practice and Council services would open in the building, that is […] Posted by: Mya Driver Read more
Orchard Street announces first close of £400 million Impact Fund focused on decarbonisation, community investment and wellness Nov 1, 2022 Orchard Street Investment Management LLP, the UK focussed commercial property investment manager, announces the launch and first close of its inaugural Impact Fund, Orchard Street Social and Environmental Impact Partnership. Just under £90 million has been committed at first close, with Brunel Pension Partnership, one of the UK’s Local Government Pension Scheme pools, acting as […] Posted by: Mya Driver Read more
FTSE 250 REIT sells 2 properties for £28 million Nov 1, 2022 LondonMetric Property Plc (“LondonMetric”) has sold two assets for £28.2 million, reflecting a blended NIY of 4.6%. The separate transactions comprise: • a 61,000 sq ft retail park in Tonbridge, for £22.0 million, reflecting a NIY of 5.25%. Acquired for £11.5 million in 2013 when it was let to B&Q and Halfords, LondonMetric accepted a […] Posted by: Mya Driver Read more
£40m of funding for Salford development agreed Oct 31, 2022 Voltaire Financial has orchestrated a £40m loan from ICG Real Estate to finance Legacie Developments’ development in Salford. The £85m GDV Embankment Exchange scheme will consist of two towers and will consist of 303 residential apartments. It is being promoted by the international sales agent, RWinvest, which has successfully pre-sold 80% of the new homes […] Posted by: Mya Driver Read more
Grosvenor Property UK agrees to £150 million private placement Oct 31, 2022 Finalised in May 2022 and drawn down in October 2022, the new 10-year 3.23% senior notes were placed with two US institutions. The investors, both existing partners to the business, have increased their holdings from a maturing £60m private placement. Proceeds from the placement will be used for general corporate purposes, including: Ensuring the success […] Posted by: Mya Driver Read more
