Canada Life Asset Management completes £148m debt financing to LXi REIT Apr 28, 2023 Canada Life Asset Management has today announced that it has completed a £148 million loan to LXi REIT plc. The loan will refinance a mixed-use, UK regional portfolio of commercial property assets, typically let on inflation-linked, long-term leases, providing a diversified, secure income profile, on behalf of Canada Life’s annuity business. The loan has been […] Posted by: Mya Driver Read more
CrowdProperty aecures UK bank as latest lending partner Apr 28, 2023 Having announced British Business Investments as a lending partner last week, CrowdProperty is pleased to report a new institutional funding partnership, with this latest partner now active and participating in CrowdProperty’s residential development finance facilities. The partnership is with a UK bank, who has joined as a lending partner in CrowdProperty’s institutional fractionalisation model – […] Posted by: Mya Driver Read more
Evolve Estates acquires dominant Aberystwyth retail park Apr 26, 2023 Evolve Estates, the national property management and investment company that is part of M Core, has acquired an out-of-town retail park in Aberystwyth – its 16th retail acquisition of 2023. Parc-Y-Llyn Retail Park has joined its rapidly growing retail portfolio after it was acquired for an undisclosed sum. Comprising six units over 87,916 sq ft, […] Posted by: Mya Driver Read more
South West secure unanimous resolution to grant for 1435 homes on new major site in East Devon Apr 26, 2023 Persimmon Homes South West has secured a unanimous resolution to grant planning permission for a new sustainable community of 1435 high-quality homes in Cranbrook, East Devon. Approval was given for the development at a meeting of East Devon District Council’s planning committee today (Tuesday 25th), and the scheme includes a mix of quality new apartments […] Posted by: Mya Driver Read more
Doncaster Council confirm attendance at UKREiiF 2023 Apr 26, 2023 The City of Doncaster Council has confirmed their involvement with the UK’s Real Estate Investment & Infrastructure Forum (UKREiiF), which is set to take place between 16-18 May, in Leeds. Doncaster Council is one of the four South Yorkshire councils attending alongside South Yorkshire Mayoral Combined Authority. The Council and its inward investment team, Business […] Posted by: Mya Driver Read more
Weston Homes to acquire 10.36 acre site in Epping for new GDV £33.5 million Thornwood Park Scheme of 62 family homes Apr 25, 2023 Leading volume housebuilder Weston Homes has exchanged contracts to acquire a 10.36 acre site in the village of Thornwood in Epping with plans to build Thornwood Park, a new £33.5 million (GDV) high quality residential development providing up to 62 new family homes complete with gardens, landscaping, community orchard, parking and circa 4.7 acres of […] Posted by: Mya Driver Read more
Persimmon invests in industry-leading modular house builder TopHat Apr 25, 2023 Persimmon is pleased to announce an equity investment in TopHat, the leading volumetric modular house builder in the UK. This investment will establish a strategic partnership between the two businesses and provide guaranteed access to both TopHat’s innovative brick façade product as well as their highly energy efficient modular homes. Persimmon is investing £25 million […] Posted by: Mya Driver Read more
Border to Coast launches new £2.3bn private markets programme Apr 25, 2023 Border to Coast Pensions Partnership (Border to Coast) has launched the next stage (“Series 2B”) of its Private Markets programme, with £2.3bn of commitments from its Local Government Pension Scheme (LGPS) Partner Funds. The latest commitments take the total size of Border to Coast’s Private Markets programme, first launched in 2019, to £12bn. Over £9bn […] Posted by: Mya Driver Read more
JR Capital and Chancerygate £150m urban logistics fund acquires 55,780 sq ft Northampton portfolio Apr 24, 2023 A portfolio of seven fully-let units totalling 55,780 sq ft on Crow Lane Industrial Park in Northampton has been acquired by a £150m multi-let urban logistics investment fund. Managed by property investment company JR Capital and asset manager Chancerygate, the fund has acquired the industrial estate from asset management company Columbia Threadneedle Investments. All values […] Posted by: Mya Driver Read more
Leumi UK completes loan to fund a consented residential site in Manchester’s Salford Quays Apr 24, 2023 Specialist property lender Leumi UK has agreed to a £13.75 million short-term loan with UK real estate fund manager Frogmore, to refinance Cotton Quay – an 8.5-acre waterfront site in Salford Quays, Manchester. The site has hybrid planning consent for 1,493 Build to Sell residential units, 475 hotel beds, as well as 31,000 sq ft […] Posted by: Mya Driver Read more
