Nottingham BS partners with Gen H in £600m deal Nov 16, 2022 Nottingham Building Society (NBS) have announced a strategic partnership with fintech mortgage lender, Gen H, also known as Generation Home. The deal will see NBS provide up to £600m over a minimum of two years, to boost the prospects of home ownership for first-time buyers and remortgagers. The deal reflects a shared commitment to transform the […] Posted by: Mya Driver Read more
Blackfinch Property completes £8.1m care home development loan Nov 16, 2022 Blackfinch Property has completed a £8.1m loan, with a loan duration of 24 months, which will be used for the development of a 70-bedroom care home and 7-bedroom assisted living facility in Blackburn, Lancashire. The development will help to meet the growing demand for high quality elderly care facilities, offering enhanced sized community spaces and […] Posted by: Mya Driver Read more
Schroder REIT: strong income return underpins positive total return performance and increased dividend, fully covered by EPRA earnings Nov 16, 2022 Schroder Real Estate Investment Trust Limited, the actively managed UK focussed REIT, today announces its unaudited interim results for the six month period ended 30 September 2022. Low cost, long-term debt profile supporting earnings growth and further dividend increase Net Asset Value (‘NAV’) of £366.0 million or 74.8 pps (31 March 2022: £372.2 million, or […] Posted by: Mya Driver Read more
Godwin Developments Launches £1bn Nationwide BTR Platform Nov 16, 2022 UK property developer Godwin Developments today announces the launch of a nationwide build-to-rent (BTR) platform. Working as an equity investor in partnership alongside a leading institutional real estate partner, Godwin has ambitious plans to build a portfolio valued in excess of £1 billion. The joint venture (JV) will target both the single-family and multifamily BTR […] Posted by: Mya Driver Read more
United Trust Bank Structured Property Finance provides £3.76m loan to Nacropolis to seize an off-market acquisition opportunity Nov 15, 2022 United Trust Bank (UTB) Structured Property Finance has provided a £3.76m sales period facility to the Nacropolis Group to complete a time sensitive off-market acquisition. Nacropolis is a successful property development company with a contemporary design led approach and a strong reputation for delivering high quality residential conversions of listed and redundant commercial buildings, as well […] Posted by: Mya Driver Read more
Kadans buys Oxford Biomedica Windrush Court Site for £60m Nov 15, 2022 Kadans Science Partner will add Windrush Court in Oxford, UK to its Pan-European portfolio. The asset will be acquired from Oxford Biomedica in a sale and lease back transaction. Windrush Court is a c.75,000 sq ft building which will be leased back, in its entirety, to Oxford Biomedica. Oxford Biomedica works across key viral vector […] Posted by: Mya Driver Read more
BWP REIT PLC has raised £35m for Leeds property Nov 15, 2022 BWP REIT PLC has raised £35m and will list on the IPSX, the world’s first regulated exchange for single asset real estate companies. The listing also shows how IPSX as a public market can be used as a force for good and a new capital markets option – in this case solving a cladding issue […] Posted by: Mya Driver Read more
Thrive Homes acquires over 500 homes from L&Q in Eastern England Nov 15, 2022 Thrive Homes, a leading professional landlord across Hertfordshire, Bedfordshire, Buckinghamshire and Oxfordshire, today [Monday 14th November 2022] announces the acquisition of over 500 homes, more than 400 of which are affordable, from L&Q, one of the UK’s largest charitable housing associations. Following a period of stock rationalisation, L&Q has been looking into how residents in […] Posted by: Mya Driver Read more
Prime Edinburgh residential development sites for sale Nov 14, 2022 Five sites at Western Harbour and three sites at Granton have been put up for sale in Edinburgh. The sites are considered to have high strategic value due to the potential for scaled residential development at a time when the city desperately requires more housing choice. The five waterfront residential development sites at Western Harbour […] Posted by: Mya Driver Read more
Plans for 1.35 million square foot of employment space in Warrington unveiled Nov 14, 2022 First phase redevelopment plans for the former Fiddler’s Ferry Power Station in Warrington launch today which will unlock over 2,100 jobs and address a long-term shortage of modern employment space in the area. Peel NRE, which acquired the decommissioned coal-fired power station in July, is consulting on proposals to demolish and develop the initial 90 […] Posted by: Mya Driver Read more
