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
Cheyne Capital Completes £123m Senior Loan for Mixed-Use Scheme in South London Mar 9, 2023 Cheyne Capital Management (UK) LLP (“Cheyne”), the global alternative asset manager, today announced that it has provided a £122.8m senior loan to MARK, the pan-European real estate investment manager, to refinance a newly developed, mixed-use scheme known as Borough Yards in south London. The loan provided was used to refinance the existing lender group following […] Posted by: Mya Driver Read more
Greater Manchester to attend UKREiiF 2023 Mar 8, 2023 Greater Manchester has confirmed attendance at The UK’s Real Estate Investment & Infrastructure Forum (UKREiiF), which is set to take place between 16 -18 May in Leeds. The Manchester at UKREiiF Partnership, will be coordinated by Marketing Manchester; the agency that promotes Greater Manchester to a global audience as a place to visit, invest, meet […] Posted by: Mya Driver Read more
Byker Estate set for £11m external environmental overhaul Mar 8, 2023 The iconic Byker estate in Newcastle upon Tyne is set to benefit from a major external neighbourhood improvement programme, thanks to investment from Byker Community Trust (BCT), part of Karbon Homes. Customers living on the estate were asked to identify their environmental concerns, problems and priorities for their neighbourhood and some of those improvements are […] Posted by: Mya Driver Read more
British Business Investments announces £20m Tier 2 investment in Secure Trust Bank Mar 8, 2023 British Business Investments today announces a new £20m subscription to specialist lender Secure Trust Bank plc’s £90 million Tier 2 note issuance. The investment follows a previous £25m subscription to Secure Trust Bank’s £50m Tier 2 note issuance in 2018, which has now been repaid. The £20m subscription has been provided through British Business Investments’ […] Posted by: Mya Driver Read more
