Great Portland Estates publishes Sustainable Finance Framework linked to £450m credit facility Jul 22, 2021 GPE publishes its Sustainable Finance Framework Great Portland Estates plc announces that it has published a Sustainable Finance Framework in respect of potential future debt issuance. The publication of the Framework follows the Group’s innovative £450 million ESG-linked revolving credit facility (the first of its kind issued by a UK REIT) in January 2020. The […] Posted by: Nathan Spencer Read more
GLP announces a further 2.3m sq ft of speculative development Jul 22, 2021 GLP, a leading investor and developer of logistics buildings and warehouses, has today announced plans to speculatively develop a further 2.3M sq ft of logistics warehousing space at strategic sites across the UK. The sites include: Mammoth 602 –a 602,000 sq ft logistics/warehouse unit at G-Park Doncaster situated directly off junction 4 of the M18. […] Posted by: Nathan Spencer Read more
Starwood secures £13.5m for Belfast hotel and offices Jul 21, 2021 Starwood European Real Estate Finance Limited and its subsidiaries (“the Group”), a leading investor originating, executing and managing a diverse portfolio of high-quality real estate debt in the UK and Europe, has successfully closed a three year £13.5 million floating rate loan secured by a freehold, consisting of a 38k square foot, fully let office […] Posted by: Nathan Spencer Read more
Legal & General Modular Homes partners with Town & Country Housing to acquire new site Jul 21, 2021 Legal & General Modular Homes announces that it has partnered with Town & Country Housing to acquire a site in Broadstairs, Thanet, Kent, for the development of 153 modular homes. Together with its schemes in Selby, Bristol and North Horsham, this latest success brings Legal & General Modular Homes’ pipeline to 670 new homes. It […] Posted by: Nathan Spencer Read more
RE Capital secures planning consent for 78,000 sq ft London scheme Jul 21, 2021 RE Capital, the pan-European investment, development and asset management company, has secured a resolution to grant planning consent from Westminster City Council for its 78,000 sq ft flagship mixed-use destination development, Greycoat Stores in Victoria, London. Located at 10 Greycoat Place, the approved plans will see the former Victorian warehouse building repositioned to deliver 69,000 […] Posted by: Nathan Spencer Read more
Regional REIT announces industrial portfolio disposal – 7.5% above valuation Jul 21, 2021 Regional REIT Limited, the UK regional office specialist, is today pleased to announce it has exchanged contracts with ARA Dunedin for the disposal of a significant industrial property portfolio for £45.0m. The completion is conditional upon the Purchaser having in place the required financing. This reflects a net initial yield of 6.75% to the Purchaser […] Posted by: Nathan Spencer Read more
Barings appoints new Director of European Real Estate ESG Jul 21, 2021 Barings, one of the world’s largest diversified real estate investment managers, announces that it has appointed Kristina Arsenievich as Director, European Real Estate ESG, to lead and enhance its ESG programme across the equity and debt portfolios. Kristina brings over 10 years of experience in sustainability leadership and a strong track record of delivering impactful […] Posted by: Nathan Spencer Read more
Plans given the go-ahead for Blackpool refurb project Jul 21, 2021 Plans have been given the go ahead for the refurbishment of Abingdon Street Market that will give the market a new lease of life and secure its long term future at the heart of Blackpool’s town centre. The approved Planning Application was submitted to Blackpool Council by Turley in May and the refurbishment will now […] Posted by: Nathan Spencer Read more
Watmos Community Homes secures £12.5m NatWest funding Jul 21, 2021 Watmos Community Homes, headquartered in Walsall with a London base, will drive forward plans to upgrade more than 1,000 homes by 2024, after securing funding from NatWest. The organisation will use the £12.5 million funding package to improve the energy performance of its homes, helping to reduce tenant utility bills. It will use the funding […] Posted by: Nathan Spencer Read more
Simon Rhodes makes switch to UKREiiF and Built Environment Networking Jul 21, 2021 Built Environment Networking, the UK leader in providing real estate and infrastructure conferencing and events and creator of UKREiiF, has appointed Simon Rhodes as Group Sales Director. Real estate and infrastructure conferencing and events business Built Environment Networking (BEN) has made a senior hire – appointing Simon Rhodes, who had previously spent almost 20 years […] Posted by: Nathan Spencer Read more
