OakNorth Extends £35m Funding Line to Saxon Trust for Market Expansion Sep 13, 2023 Saxon Trust, known for its diverse product offerings from bridging loans, refurbs, conversions to ground-up development projects and development exits, has successfully secured a £35m funding facility from OakNorth. This strategic move aims to bolster Saxon’s position in the market, especially as other firms retract from the mid-market segment. Brian West, the Head of Sales […] Posted by: Mya Driver Read more
Overseas Family Office Acquires Portrack Retail Park for £6.35m Sep 13, 2023 Portrack Retail Park, located off Portrack Lane in Stockton, has been acquired for a sum of £6.35 million. The park, which spans 65,235 sq ft and houses six fully-let retail, warehouse, and trade counter properties, was purchased by an overseas family office. The deal was facilitated by Knight Frank and JLL, who represented UK Land […] Posted by: Mya Driver Read more
UTB and LDS Collaborate on £10m Essex Apartment Project Sep 13, 2023 United Trust Bank (UTB) and LDS Sales Guarantees have joined forces to back the construction of a 27-unit apartment complex in Essex, boasting a Gross Development Value (GDV) close to £10 million. The partnership is part of a 92% Loan to Cost (LTC) agreement, wherein LDS has provided a sales guarantee, finalized in just over […] Posted by: Mya Driver Read more
West Northamptonshire Council Seeks Development Partner for Prime Regeneration Scheme Sep 13, 2023 West Northamptonshire Council (WNC) is gearing up for a significant regeneration project, with plans in motion to remove asbestos and demolish the former BHS, M&S, and Jobcentre buildings located at 35-39 Abington Street and 20-28 Wood Street. The council’s proactive approach aims to provide a cleared site, primed and ready for construction, to potential developers. […] Posted by: Mya Driver Read more
Salford’s New £68M Student Accommodation Acquired by JV Partnership Sep 13, 2023 A joint venture between Bricks Group and Tristan Capital Partners’ CCP 5 Fund has successfully acquired a 457-bed purpose-built student accommodation (PBSA) in Salford for a whopping £68 million. This acquisition is a part of the joint venture’s strategic plan to establish a robust £750m+ platform in the UK’s PBSA market. Established in 2021, the […] Posted by: Mya Driver Read more
Pick Everard Announces Partnership with UKREiiF Sep 12, 2023 Pick Everard, a leading independent property, construction and infrastructure consultancy, has announced its involvement with The UK’s Real Estate Investment & Infrastructure Forum (UKREiiF). The UKREiiF event is in partnership with Pagabo, and is set to take place between 21-23 May 2024, in Leeds. Pick Everard will host two dedicated sessions during the event, where […] Posted by: Mya Driver Read more
Octopus Real Estate provides loan for residential development in North Berwick, Scotland Sep 12, 2023 Octopus Real Estate, part of Octopus Investments and a leading UK specialist real estate lender and investor, has provided a loan of £6.4m to finance the ground-up development of 14 new homes in North Berwick, Scotland. The loan provided to family-run MNM Developments will finance the delivery of Castlemains, a new residential development in the […] Posted by: Mya Driver Read more
Ethical property developer IPG secures £5 million development loan from StreamBank Sep 12, 2023 Northwest based ethical property developer Integritas Property Group (IPG) has secured a £5 million development loan from StreamBank to fund the next step of IPG’s luxury residential development at Bastion Point in Liverpool. The funding has been brokered by GapBridge Capital, and it will allow the completion of the first phase of the development, which […] Posted by: Mya Driver Read more
Multiplex Secures £450m Deal for Prestigious St John’s Wood Barracks Redevelopment Sep 12, 2023 In a significant move, Multiplex has clinched a £450m contract to transform the former St John’s Wood Barracks into a luxury residential development. The project, officially named St John’s Wood Square, is set to be executed as a shell and core job under a design and build agreement. The fit-out, estimated at £200m, is anticipated […] Posted by: Mya Driver Read more
Chancerygate sells 55,000 sq ft Grade A urban logistics development in Brackley to private investor Sep 12, 2023 Developer Chancerygate has sold Boundary43, its 55,000 sq ft urban logistics scheme in Brackley, to a private investor for an undisclosed sum. Situated on the Buckingham Road Industrial Estate off Boundary Road, the development comprises 14 high specification Grade A units. These range from 2,100 to 19,200 sq ft and are available on a leasehold […] Posted by: Mya Driver Read more
