Overhaul for 119 RAAC-Affected Schools Across England with New Funding Grants Announced Feb 9, 2024 The Government has announced a comprehensive plan to address the presence of Reinforced Autoclaved Aerated Concrete (RAAC) in the nation’s school buildings, identifying 234 schools for retrofitting or rebuilding efforts due to the discovery of dangerous concrete panels and beams. Approximately 119 schools will undergo major reconstruction or refurbishment, primarily funded through the School Rebuilding […] Posted by: Mya Driver Read more
Blend Announces Over £50m Funding Boost to Expand Developer Support Feb 9, 2024 Blend, a specialist in development finance lending, has announced the acquisition of a new funding line exceeding £50m from an unnamed institutional investor. This financial injection is set to broaden the range of bridging products available to its property developer clientele, aiming to bolster support throughout varying market conditions. Yann Murciano, Chief Executive of Blend, […] Posted by: Mya Driver Read more
Aareal Bank Backs Starwood Capital with Financing for Premier London Hotel Portfolio Feb 9, 2024 Aareal Bank has provided financing for the acquisition of a premier collection of ten hotels in London by a controlled affiliate of Starwood Capital Group. The portfolio, featuring 2,053 rooms across the capital and operating under the Radisson Blu brand, marks a notable expansion for Starwood Capital in the European hospitality sector. The transaction, which […] Posted by: Mya Driver Read more
Bruntwood SciTech Bolsters Expansion and Sustainability with £480m Financing Deal Feb 9, 2024 Bruntwood SciTech, a joint venture between Bruntwood, Legal & General, and the Greater Manchester Pension Fund, has announced a substantial £480m finance package to fuel its expansion and sustainability goals. The new funding arrangement includes a £430m investment facility, comprising a £350m term loan and an £80m revolving credit facility, alongside a £50m development facility. […] Posted by: Mya Driver Read more
North Warwickshire Borough Council has given the go-ahead for £300m expansion of the MIRA site Feb 8, 2024 A planning application for a manufacturing and research park on the MIRA site to the south of the A5 was supported at the Council’s Planning and Development Board meeting on 5th February 2024. The park will provide around 2,500 advanced manufacturing and high quality jobs in the automotive research and manufacturing industries. The development was […] Posted by: Mya Driver Read more
Clarion Partners Europe Secures Coventry Warehouse for £28.5 Million Feb 8, 2024 Clarion Partners Europe, renowned for its focus on logistics and industrial assets, has successfully completed the purchase of a 208,000 square foot warehouse in Coventry, amounting to £28.5 million. This acquisition from BlackRock’s UK Property Fund marks a significant addition to Clarion’s portfolio, spotlighting the firm’s strategic investment in the UK logistics sector. Occupied by […] Posted by: Mya Driver Read more
IHG Expands UK Hotel Portfolio with New Signings Feb 8, 2024 IHG Hotels & Resorts is set to enhance its footprint with the addition of nine new hotels, introducing over 1,000 guest rooms to its diverse collection. This expansion spans five distinct brands within the hospitality giant’s portfolio, including Hotel Indigo, voco hotels, Holiday Inn, Holiday Inn Express, and Staybridge Suites, underscoring IHG’s commitment to growth […] Posted by: Mya Driver Read more
Aldar and Carlyle to Enhance UK Logistics Network with £85 Million Investment in 14 Warehouses Feb 8, 2024 In a strategic move aimed at bolstering the UK logistics sector, Aldar Properties, alongside investment powerhouse Carlyle, has earmarked £85 million for the acquisition and development of 14 key warehouse sites across the UK. This investment highlights the commitment of both firms to the strengthening and expansion of Britain’s logistics infrastructure amidst growing market demands. […] Posted by: Mya Driver Read more
Urbanite Living Announces £130 Million Sale of Nationwide Student Accommodation Portfolio Feb 8, 2024 Urbanite Living has put its extensive portfolio of 999 student flats, valued at £130 million, on the market. This portfolio spans across the UK, featuring properties in key cities such as Leeds, York, Glasgow, and others, underscoring the company’s strategic shift towards reinvesting in new ventures. Over the past five years, Urbanite Living has focused […] Posted by: Mya Driver Read more
Schroders Capital launches UK’s first renewables and energy transition infrastructure dedicated Long-Term Asset Fund Feb 7, 2024 Schroders Greencoat, the specialist renewables and energy transition infrastructure manager of Schroders Capital, today announces the launch of Schroders Greencoat Global Renewables+ Long-Term Asset Fund (LTAF). This is the UK’s first LTAF exclusively dedicated to renewable energy and energy transition infrastructure, and a landmark opportunity for UK pension savers to invest in this strategically important […] Posted by: Mya Driver Read more
