One investment fund backing many types of innovation Mar 23, 2023 The Cardiff Capital Region £50M Innovation Investment Capital (IIC) fund was launched in November 2022 to help SMEs in many different sectors realise the potential of innovation. But what is ‘innovation’? And what sort of scale-up ideas qualify for the £2M-£7M investments provided by the IIC? In essence, innovation is any new thinking or practice […] Posted by: Mya Driver Read more
Clarion Partners Europe re-enters UK warehouse market with £52 million double acquisition Mar 23, 2023 Clarion Partners Europe (Clarion), the real estate investment fund manager specialising in logistics and industrial assets, has acquired two modern, institutional quality distribution warehouses, totalling 438,444 sq ft, in Peterborough, UK, for £52 million, from Equities Property Fund. The investments represent the first by Clarion Partners Europe in the UK since 2016, a market where […] Posted by: Mya Driver Read more
Londonmetric sells a portfolio of multi-let industrial units for £46 million Mar 23, 2023 LondonMetric Property Plc (“LondonMetric”) announces that it has simultaneously exchanged and completed on the sale of a portfolio of three multi-let industrial estates for £46.0 million, which reflects a NIY of 5.8%. The disposal is slightly above book value as at 30 September 2022. The estates total 446,000 sq ft across 113 units and generate […] Posted by: Mya Driver Read more
Study to consider business case for new West Midlands velodrome and cycle park Mar 23, 2023 The West Midlands Combined Authority (WMCA) has commissioned an independent study to examine the business case for specialist cycling facilities that will be open and accessible to everyone who lives in the region The scope of the evidence-based business case will be broad and consider all potential options. They include: A Cycling Facility Advisory Group […] Posted by: Mya Driver Read more
Britain’s largest pumped hydro scheme in 40 years gets £100m investment boost Mar 23, 2023 Landmark Coire Glas in the Scottish Highlands could power 3 million homes and more than double GB electricity storage. SSE is providing a £100 million investment boost into what can be Britain’s biggest pumped hydro storage scheme in 40 years. The announcement is being made today as part of a visit by Scotland’s Cabinet Secretary […] Posted by: Mya Driver Read more
Hampshire Trust Bank completes £21.1m development finance facility Mar 22, 2023 Hampshire Trust Bank (HTB) has completed a £21.1m development exit and construction loan facility for a mixed-use development in North London. The client was developing 48 high-quality apartments and two commercial units, as well as providing a new park for the local community. The broker, Adam Stiles of Helix Structured Finance, contacted HTB for the […] Posted by: Mya Driver Read more
Director of Content for Edison Group comments on Vistry Group’s full year results Mar 22, 2023 Andy Murphy, Director of Content for Industrials at leading investment research and consultancy firm Edison Group, today commented on Vistry Group’s full-year results. Andy Murphy, Director of Content for Industrials at Edison Group comments: “In spite of FTSE midcap housebuilder Vistry seeing a pre-tax profit slump of 23 per cent, from £319.5 million in 2021 […] Posted by: Mya Driver Read more
Maslow Capital provides £114m loan for the delivery of Central London PBSA project Mar 22, 2023 Maslow Capital, a leading provider of real estate development finance, has announced the completion of a £114 million development facility, supporting Union Property Development with the delivery of their 356 bed, Purpose-Built Student Accommodation (PBSA) scheme in Paddington, Central London. Union Property Development are an experienced family-owned property development, management and investment business, with a portfolio extending across the UK. With the […] Posted by: Mya Driver Read more
Investec provides GSA with £85m loan to refinance and partially refurbish five UK PBSA assets Mar 22, 2023 21 March 2023: Investec Real Estate (“Investec”) announces that it has provided Global Student Accommodation (“GSA”), the global leader in purpose-built student accommodation (“PBSA”), with an £85 million loan to support the refinance and partial refurbishment of five UK PBSA assets. The properties provide a total of 1,460 beds to students in London, Lincoln, Newcastle, Nottingham, […] Posted by: Mya Driver Read more
Oxford-Cambridge Arc providing regional boost for construction Mar 21, 2023 The government’s recent decision to revive the concept of an Oxford-Cambridge Arc as a British version of Silicon Valley has underlined the potential for new development across a broad area linking the two university cities. The government has committed £2.5 million to a new regional partnership to attract international investment to the area. Meanwhile, before […] Posted by: Mya Driver Read more
