New zero-carbon secondary school plans approved with capital funding of £57.060m Dec 19, 2022 A new secondary school for children living in the Burgess Hill area has been given the green light with planning permission. West Sussex County Council has approved capital funding of £57.060m to build the secondary school, making it the largest capital project the council has delivered. This includes a £18.159m contribution from Homes England as […] Posted by: Mya Driver Read more
£5.5 billion of investment is expected to be generated by the Celtic Freeport Dec 19, 2022 Roger Maggs MBE, Chair of the Celtic Freeport bid consortium, visited the Port of Milford Haven in Pembrokeshire recently to see first-hand how a freeport would transform the Welsh economy by securing the benefits of the floating offshore wind (FLOW), hydrogen and sustainable fuels industries, for the people of Wales. He was hosted by Rt […] Posted by: Mya Driver Read more
Icona Capital acquires 40% stake in Stoneweg Dec 19, 2022 Global real estate investment company, Stoneweg S.A. (‘Stoneweg’), and London based Icona Capital (‘Icona’) are pleased to announce Icona’s acquisition of a 40% minority stake in Stoneweg. This agreement enhances Stoneweg’s growth trajectory as it establishes itself as a leading global real estate player, with a strong focus on sustainability. In 2022, Stoneweg strengthened its […] Posted by: Mya Driver Read more
CDL acquires five UK student accommodation assets for £215 million Dec 19, 2022 City Developments Limited (CDL) has enlarged its United Kingdom student accommodation portfolio with the acquisition of five high-quality Purpose-Built Student Accommodation (PBSA) assets for £215 million (approximately S$357 million), made via two separate transactions. With an average age of less than three years and a portfolio comprising 1,863 beds, the five assets in Birmingham, Canterbury, Coventry, […] Posted by: Mya Driver Read more
Stoford and Blackbrook sign forward funding deal for two prime logistics assets in West Midlands Dec 19, 2022 Leading commercial property developer, Stoford will deliver almost 450,000 sq ft of new logistics accommodation in the West Midlands after completing a forward funding deal with specialist European independent real estate investor, Blackbrook. Two new Grade A warehouse facilities are being speculatively developed as part of the second phase of Redditch Gateway, a multimillion pound […] Posted by: Mya Driver Read more
Maidstone Council committed to deliver 1,000 affordable homes Dec 19, 2022 Maidstone Borough Council (MBC) has commenced an ambitious project to build 1,000 new affordable homes in the borough and has started to make positive strides to achieve this. MBC recognises the need for more affordable housing in the area and is determined that those in the local community who may not be able to afford […] Posted by: Mya Driver Read more
Cadillac Fairview buys 25% stake in Stanhope Dec 15, 2022 Canadian investor Cadillac Fairview, the real estate arm of Ontario Teachers’ Pension Plan, has acquired a 25% stake in UK developer and asset manager Stanhope PLC. This consolidates a successful and expanding partnership between Cadillac Fairview and Stanhope in delivering life sciences and workspace projects in the UK, together with broader masterplans. The partners are […] Posted by: Mya Driver Read more
PIC invests £40 million in South East based social housing provider ‘Housing Solutions’ Dec 15, 2022 Pension Insurance Corporation plc (‘PIC’), a specialist insurer of defined benefit pension funds, has invested £40 million as debt in Housing Solutions, which owns and manages c. 7,500 properties in the South East of England. Following a competitive process run by Centrus, PIC was selected as the preferred capital markets funder in a total transaction […] Posted by: Mya Driver Read more
Leumi UK completes on a £26.5 million facility advanced to Livingway Group, secured against a high quality PRS portfolio in the North of England Dec 15, 2022 Specialist property lender Leumi UK has completed on a £26.53 million loan facility with property investor Livingway Group to refinance and expand its residential portfolio across key cities in the North of England. The package provides £14.8 million for refinancing five existing rental assets in Stockport, Manchester, Leeds and Bolton as well as an £11 […] Posted by: Mya Driver Read more
Hilltop Credit Partners generates over £1bn of UK residential development loan applications in four months, benefitting from market volatility and ongoing housing undersupply Dec 15, 2022 Hilltop Credit Stream, the real estate credit funding and management platform launched in August by Hilltop Credit Partners Limited (“Hilltop”), a leading real estate credit investment manager, has generated over £1 billion of SME residential development loan applications during its first four months. Capitalising on the ongoing market retrenchment from both more traditional and newer […] Posted by: Mya Driver Read more
