Urban Splash Residential Fund eyes more purchases securing £20m debt facility with Barclays Jun 21, 2023 The new Revolving Credit Facility (RCF) is for an initial £20m with a further £20m accordion. USR is currently ungeared, and the deal will allow USR – a design-led residential investor – to accelerate its acquisition strategy to build an institutional-scale portfolio of design-led rental homes across the UK. The news comes following a significant […] Posted by: Mya Driver Read more
Lendco Secures £200m Bridging Agreement with Natwest Jun 21, 2023 Specialist lender Lendco, which caters exclusively to intermediaries, has entered into a bridging warehouse agreement with Natwest. This move will enable Lendco to expand and diversify its bridging criteria. The company states that this facility will provide the necessary extra funding capacity for its rapidly expanding bridging business, aiding its ambition to become a significant […] Posted by: Mya Driver Read more
Greystar acquires BTR site in Stratford, London Jun 21, 2023 LONDON, 21 June 2023 – Greystar Real Estate Partners, LLC (“Greystar”), a global leader in the investment, development, and management of high-quality rental housing, today announced it has acquired an attractive build-to-rent (“BTR”) site in Stratford, east London, with an existing capital partner, in the latest phase of its successful growth strategy in the UK. […] Posted by: Mya Driver Read more
Plans submitted for third residential development at Peel L&P’s Trafford Waters Jun 21, 2023 A planning application has been submitted this week by X1 Developments and Peel L&P to create 208 “open market” new homes as part of the latest phase of residential development at Peel L&P’s Trafford Waters site in TraffordCity. The proposals being considered will include a mix of one, two and three-bedroom apartments across two buildings, […] Posted by: Mya Driver Read more
Landsec invests in the future of retail as it announces plans for major retail destinations Jun 21, 2023 Landsec will today announce plans to invest significantly in its prime retail destinations to further enhance their positive growth outlook. The investment will be led by a £45m transformation plan for Gunwharf Quays, which will see the Portsmouth-based shopping outlet cement its position as the UK’s leading lifestyle waterfront destination. The targeted investment plan, which […] Posted by: Mya Driver Read more
Coltham & Delancey create joint venture logistics platform Jun 20, 2023 Coltham, a developer and asset manager, has formed a partnership with Delancey, led by Jamie Ritblat, to introduce a new logistics platform in the UK called Greenlight. This collaborative effort aims to create sustainable mid-box logistics projects in close proximity to major urban areas and transportation routes throughout the country. The objective is to address […] Posted by: Mya Driver Read more
Work begins on next major phase of Manchester Airport’s £1.3bn Transformation Programme Jun 20, 2023 Manchester Airport has started work on the next major phase of its £1.3bn Transformation Programme. Together with lead contractor, Mace, the airport has started work on the construction of a new pier, which will connect to Terminal 2. The pier is the most significant new structure being built in the second and final phase of […] Posted by: Mya Driver Read more
Blackfinch Property completes £9.7m student development loan Jun 20, 2023 Financing will be used to develop state-of-the-art student accommodation in Aberdeen, Scotland Blackfinch Property, a rapidly growing agile lender to the residential and commercial real estate sectors, has completed a £9.7m development loan facility, with a loan duration of 18 months, which will be used to convert a former hotel into premium student accommodation. The […] Posted by: Mya Driver Read more
Major Sunderland film studio plans revealed Jun 20, 2023 Sunderland-born founder of global production company unveils plans for film studios, creating one of Europe’s largest facilities, bringing 8,450 jobs FulwellCain Studios, a joint venture between global entertainment company Fulwell 73 and Cain International, has today announced plans for Crown Works Studios in Sunderland, which will be one of the largest filmmaking complexes in Europe, […] Posted by: Mya Driver Read more
Developer gets funding from Shawbrook Jun 20, 2023 Woodgate Developments Ltd have completed phase one of their property development scheme in Gosberton after securing a total £9m of funding from Shawbrook. The scheme will see a total of forty-six houses built, with over 20% being designated for affordable housing schemes. The loan was agreed at 65% loan to GDV and 85% loan to […] Posted by: Mya Driver Read more
