Howard Kennedy acquires Corbett & Co. specialists in International Construction Disputes Mar 13, 2023 London law firm Howard Kennedy has strengthened its Construction and International Arbitration practices through the acquisition of Corbett & Co., an international construction law boutique. The acquisition sees the arrival of a team of 7 lawyers, including three new Partners and Corbett & Co.’s well-known principal, Edward Corbett, as a Consultant. They bring a wealth […] Posted by: Mya Driver Read more
Kexgill Group secures £25m refinancing facility for student accommodation expansion Mar 13, 2023 Kexgill Group, one of the largest privately owned providers of student accommodation in the UK, has received a £25 million refinance facility provided by InterBay Bank. The substantial transaction, which is a ten-year, interest only commercial investment refinance loan, involved the refinancing of 55 residential units at Bradford, Hull, Liverpool, Middlesbrough, Nottingham, and Preston. Hull-headquartered […] Posted by: Mya Driver Read more
Pocket Living receives major industry endorsement on NPPF proposals to encourage greater use of small sites by SMEs, which could deliver 1.6m new homes according to new research Mar 13, 2023 In the week following the announcement by the Competition and Markets Authority to commence a study into housebuilders, and with the closure of the Government’s consultation on changes to the NPPF, Pocket Living’s plans to increase housing delivery on small sites by SMEs has received a major boost with The UK’s largest housebuilder, Barratt Developments, […] Posted by: Mya Driver Read more
St. Modwen Logistics acquires modern warehouse facilities in Burton-upon-Trent and Coventry Mar 13, 2023 St. Modwen Logistics, one of the UK’s leading logistics developers and managers and a Blackstone portfolio company, has continued its expansion with the acquisition of modern warehouse units in Burton-upon-Trent and Coventry. In Burton-upon-Trent, St Modwen Logistics has acquired a 381,000 sq ft unit on the Centrum West Logistics Park, occupied by Palletforce, a leading […] Posted by: Mya Driver Read more
MFS secures £500m funding line from institutional investors to fund BTL and bridging loans Mar 10, 2023 Market Financial Solutions (MFS) has secured £500 million of new institutional funding which will allow the business to expand its lending activity across both the buy-to-let (BTL) and bridging markets. The new funding from various leading institutional investors adds significant capacity and funding diversification to support the continued growth of MFS’s specialist lending products. The specialist […] Posted by: Mya Driver Read more
Silbury Finance provides £25m loan for Bracknell office-to-resi conversion using Permitted Development Mar 10, 2023 Silbury Finance, the Oaktree Capital Management-backed development lender, has provided Kingsbridge Capital, the specialist residential developer, with a £24.7 million senior loan. The 20-month facility, at 88% Loan to Cost, will support the site acquisition and conversion of an existing office block in Bracknell, Berkshire, into 150 highly sustainable residential apartments. Known as 100 The […] Posted by: Mya Driver Read more
New Aviva and Stories £100 million joint venture to unlock purposeful development Mar 10, 2023 Aviva and B-Corp property developer, Stories, have formed a £100m joint venture to unlock and deliver development projects that will make a positive difference to the quality of life in communities across the UK. With an equity commitment of £100million, Aviva and Stories will focus on delivering purposeful development projects in the UK. Aviva and […] Posted by: Mya Driver Read more
Arcadis partner with UKREiiF for 2023 event Mar 9, 2023 Arcadis has announced its involvement with the UK’s Real Estate Investment & Infrastructure Forum (UKREiiF), which is set to take place between 16-18 May, in Leeds. Leading global consultants Arcadis works collaboratively with its clients to deliver sustainable design, engineering, and project management services to improve quality of life in cities around the world. Arcadis […] Posted by: Mya Driver Read more
Landsec announces New Green Bond Mar 9, 2023 Following the publication of Landsec’s updated Green Financing Framework, its wholly-owned subsidiary, Land Securities Capital Markets PLC, announces the launch and pricing of its inaugural £400m Green Bond with a maturity of 9.5 years, paying a coupon of 4.875%, subject to final legal documentation. The transaction further enhances Landsec’s financial capacity and flexibility, building on […] Posted by: Mya Driver Read more
Henry Boot completes sale of 1,855 residential plot site Mar 9, 2023 Henry Boot PLC announces that its land promotion and planning business, Hallam Land Management (HLM), has completed on the sale of a 1,855-plot site in Milton Keynes to national housebuilder Taylor Wimpey UK Ltd. HLM had an Option Agreement in place jointly with William Davis Homes and Taylor Wimpey UK Ltd for the long-term promotion […] Posted by: Mya Driver Read more
