Sancus gives £10.95 million development loan for residential project Nov 14, 2022 Sancus Lending Group has provided a £10.95 million loan for Bowsfield, an All Saints Developments’ scheme for high spec homes in Norfolk. The 67% loan to gross development value (LTGDV) loan over a 24-month term is Phase 2 of the overall development, enabling the development of 22, mainly detached three, four and five-bedroom residential houses […] Posted by: Mya Driver Read more
Developer secures extra £10m funding for eco-friendly retirement village Nov 14, 2022 An eco-friendly village for over-55s, in Burnham-on-Crouch, Essex, is set to grow further following the developer’s securement of an additional £10m of funding for the project from Shawbrook. The new finance will support the expansion of the first part of Burnham Waters by an additional 19 bungalows, taking the total for this phase to 63 […] Posted by: Mya Driver Read more
Hines and Clowes expand venture to develop 1.15m sq ft of best in class logistics space Nov 14, 2022 Hines, a global real estate investment, development, and property manager, in response to continued demand from global occupiers, continues to grow its logistics development presence in the UK and Europe via the expansion of its joint venture with Clowes, the UK property investor and developer, to develop a total of 1.15 million square feet (107,000 […] Posted by: Mya Driver Read more
Weston homes announces £500m land acquisition drive in order to further expand £2.13bn pipeline portfolio of over 7,500 new homes Nov 14, 2022 Weston Homes, the leading volume housebuilder, has announced plans to invest up to £500 million in strategic land acquisitions over the coming five years, buying new homes sites across outer London and the South East in order to further expand the company’s existing £2.13 billion portfolio of pipeline developments, which will deliver over 7,500 new […] Posted by: Mya Driver Read more
Webster Family, owners of the Seventy Ninth Group, launches £100m Private Equity Fund Nov 11, 2022 The Seventy Ninth Private Equity Fund, which is an Experienced Investor Fund specialises in the purchase and redevelopment of distressed assets, across a variety of sectors within the UK property market and will enable experienced investors from around the world to have hands-off access to lucrative UK property investments. It is the first investment option […] Posted by: Mya Driver Read more
Waypark Capital completes on £15.4 million of loans for UK offices Nov 11, 2022 Waypark Capital, the recently launched commercial real estate lending platform, has completed on over £15 million of loans, in two separate transactions involving office properties in the UK. In one transaction, the London-based lender provided a £10.2 million, 70% LTV facility, to finance a portfolio of two high-quality office investments for a total of 71,500 […] Posted by: Mya Driver Read more
Major agricultural investment opportunity as Cheffins launches Chrishall Grange Farm Nov 11, 2022 Consisting of over 1,000 acres of arable and pastureland, woodland, extensive farm buildings and two cottages, Chrishall Grange Farm is one of the largest agricultural investments to have hit the market in East Anglia in the past year. On the market with Cheffins, the farm is being sold on behalf of the Frank Litchfield Charitable […] Posted by: Mya Driver Read more
Vistry makes it official with Countryside Partnerships Nov 11, 2022 Vistry Group is delighted to announce that, following shareholder approval, its proposed combination with Countryside Partnerships has now completed. At a time when the UK is facing into a housing crisis that requires the delivery of 300,000 new homes a year according to the Government, the combination that completed today (November 11th) of two leading […] Posted by: Mya Driver Read more
Funding 365 completes £6.5m development exit bridging loan Nov 11, 2022 Funding 365 has completed a £6.5 million bridging loan at 70% LTV to refinance two apartment blocks in Maidenhead. The 9 month loan, introduced by West Rock Capital, enables the developer borrower to exit their development funding and complete the sale of multiple units. Funding 365 took security over 33 apartments across the two blocks, […] Posted by: Mya Driver Read more
PIC and Octopus Real Estate to build £115m retirement community in St Albans Nov 11, 2022 Senior Living Investment Partners, a partnership between Pension Insurance Corporation plc (“PIC”), a specialist insurer of defined benefit pension schemes, and specialist real estate lender and investor Octopus Real Estate (“Octopus”), today announces its first retirement community investment via a joint venture with Elysian Residences. The joint venture has acquired a nine-acre site with planning […] Posted by: Mya Driver Read more
