MSP Announce £100 million development funding facility with single investment partner Jun 1, 2023 MSP Capital has confirmed a senior-secured facility with London-based asset manager and private equity firm Pollen Street Capital. This facility will strengthen MSP’s ability to reach projected growth targets in the development finance market. It’s the latest of several strategic moves MSP have made in the past year to ready themselves for more growth – including […] Posted by: Mya Driver Read more
From Scotland to Southeast England, Hilltop Credit Partners continues regional SME housebuilder support with loans totalling £19.6 million Jun 1, 2023 Funds advised by Hilltop Credit Partners Limited (“Hilltop”), a leading real estate credit investment manager, have completed two loans, totalling £19.6 million, to support the delivery of much-needed regional homes in Oxfordshire and Perthshire. In Scotland, Hilltop Credit Partners has provided Glenisla Developments Ltd, a Scottish property development company, with a £17 million refinancing loan […] Posted by: Mya Driver Read more
Blackfinch Property completes its largest loan to date with £20m refinancing deal in East London Jun 1, 2023 Blackfinch Property, a rapidly growing agile lender to the UK property market, has completed its largest loan to date, a £20m refinancing for a mixed portfolio of 54 residential and commercial properties across East London. The 24-month deal from Blackfinch Property will enable the landlord to continue to provide high quality residential and commercial properties […] Posted by: Mya Driver Read more
ICG Real Estate announces the formation of Metropolitan Last Mile, a €1.5BN pan-European distribution and industrial platform May 31, 2023 ICG Real Estate, the real estate division of ICG, today announces the formation of Metropolitan Last Mile (“Metropolitan”), its distribution and industrial platform focused on major urban population centres across the UK, France, and Germany. Over the last nine months, Metropolitan has acquired 35 assets across the UK, France and Germany through 8 separate transactions, […] Posted by: Mya Driver Read more
London’s empty homes could be worth £20bn May 31, 2023 The Mayor of London, Sadiq Khan, and Westminster City Council are today calling for stronger powers to crack down on empty homes, as shocking new analysis by City Hall reveals an estimated £20bn worth of property is sitting vacant across the capital. The Mayor is calling it a scandal that there are an estimated 30,000 […] Posted by: Mya Driver Read more
Clearbell acquires industrial portfolio from Palace Capital plc May 31, 2023 Clearbell Property Partners IV LP, a fund managed by Clearbell Capital LLP (Clearbell), has today announced the acquisition of six regional industrial assets from UK property investment firm Palace Capital plc for £34 million (£109psf), reflecting a net initial yield of 6.2%. The portfolio comprises six industrial and logistics assets located throughout the UK: Coventry, Avonmouth, Newbury, […] Posted by: Mya Driver Read more
Bowmer + Kirkland to deliver 500-home BTR scheme at Leeds’ Whitehall Riverside May 30, 2023 Bowmer + Kirkland has been appointed to construct a 500-home build to rent (BTR) residential scheme at Whitehall Riverside in Leeds city centre. The £140million project is being delivered by Glenbrook and backed by Legal & General following last month’s announcement of what is Leeds’ largest build-to-rent funding deal and the pair’s first venture together. […] Posted by: Mya Driver Read more
The GPA moves forward to complete new hub in Croydon May 30, 2023 The Government Property Agency (GPA) has achieved Practical Completion at its new Government Hub in Croydon, 2 Ruskin Square. The building will accommodate over 5,000 civil servants and enable the Home Office to migrate from three current locations in Croydon to the building in the summer 2024. Following the completion of Cat A construction, funded […] Posted by: Mya Driver Read more
Native Residential grows Northern Build to Rent portfolio May 30, 2023 Native Residential won two significant new mandates in Manchester and Durham. Alternative asset manager Cheyne Capital – funded through Cheyne Capital’s Impact Real Estate strategy – has appointed Native Residential to operate and manage Poplin in Manchester, a new rental living experience, underpinned by social impact and best in-class design. Native Residential has also won […] Posted by: Mya Driver Read more
Apollo Impact to Acquire United Living, a Leading Provider of Essential Infrastructure, Social Housing Maintenance and Construction Services Across the UK May 30, 2023 Apollo (NYSE: APO) today announced that funds managed by its affiliates (the “Apollo Funds”) have entered into a definitive agreement to acquire United Living Group (“United Living” or the “Company”), a leading provider of essential infrastructure, social housing maintenance and construction services in the United Kingdom. Financial terms were not disclosed. United Living provides a range of mission […] Posted by: Mya Driver Read more
