UK bridging sector set for post-Covid rebound Mar 9, 2022 The UK bridging sector is in rude health, and confidence is high for 2022, according to a recent survey of brokers undertaken by Glenhawk, with 84% of respondents saying that they expect to write more bridging business in 2022 than in 2021. Reflecting the defensive appeal of real estate as an asset class and the […] Posted by: Mya Driver Read more
AustralianSuper forms 50:50 JV on London’s newest town – Canada Water Mar 8, 2022 Real estate investment trust British Land has sold a 50% stake in its Canada Water Masterplan to AustralianSuper for £290.0m, turning the project into a 50:50 joint venture as part of an effort to accelerate the delivery of the 53-acre development. British Land said on Tuesday that its “exciting new partnership” with Australian Super, an Australian profit-to-member […] Posted by: Mya Driver Read more
11-PBSA units totalling 4,500 beds sold in £306m deal Mar 8, 2022 Unite Students has disposed of an 11-strong property portfolio – comprising 4,488 beds – for £306m, with the company’s share sitting at £236m. The deal – struck with an affiliate of Lone Star Funds – includes assets in Sheffield (1,700 beds), Reading (703 beds), Leicester (665 beds), Bedford (517 beds), Liverpool (390 beds), Birmingham (337 beds), […] Posted by: Mya Driver Read more
PSP Investments helps BentallGreenOak’s Welput secure £400m funding Mar 8, 2022 Welput, the specialist central London office fund managed by BentallGreenOak(BGO), has recapitalised its ownership of the landmark site, 105 Victoria Street, and secured a £400m development finance facility to fund the construction of the scheme, due to commence this year. Marking a return to Victoria, and demonstrating global confidence in London’s office market, the Public […] Posted by: Mya Driver Read more
Immobel Capital Partners acquires 50% of White Rose Office Park in Leeds Mar 8, 2022 Immobel Capital Partners, the investment management business of Immobel Group, the largest listed real estate developer in Belgium, announces it has signed a sale and purchase agreement to acquire 50% of the White Rose Park from OIRP Investment 10, part of Orion Capital Managers. White Rose is a green office campus situated just outside of […] Posted by: Mya Driver Read more
Flurry of new appointments by developer Chancerygate Mar 8, 2022 Industrial property developer and asset manager Chancerygate has announced five new appointments as the company continues to expand its operations throughout the UK. Darren Jeal and Paul Stayte have joined as project managers and are based in Chancerygate’s Birmingham and Bristol offices respectively. The company’s finance team has been further strengthened by Mukkarram Ali who […] Posted by: Mya Driver Read more
Trebor submits plans for industrial unit in Huntingdon Mar 8, 2022 Trebor Developments LLP have submitted a detailed planning application for a 126,689 sq ft industrial and logistics unit at Lightning Park, Huntingdon. The site already has detailed consent for a 32,200 sq ft unit. Both units will be developed on a speculative basis and will be on site in Summer 2022 targeting practical completion in […] Posted by: Mya Driver Read more
Accrue Capital secures M7 Capital loan to refinance two assets Mar 7, 2022 M7 Capital, a full-service real estate debt specialist, announces that it has provided, on behalf of its UK debt fund TREC II, a £4 million loan to Accrue (Forum) LLP. The Sponsor (Accrue Capital) is a property investment, development, and asset management business with experience across all real estate sectors. The company invests its own […] Posted by: Mya Driver Read more
Aver acquires Trebor Developments M6 industrial scheme Mar 3, 2022 Trebor Developments and Seddon Developments have sold their Prime Point 14 speculative, industrial, development to Aver Property Limited Partnership. The site lies one minute from Junction 14 on the M6 Motorway. The two units of 66,628 sq ft and 76,742 sq ft will be constructed during 2022 by Seddon Construction Limited and provide high quality, […] Posted by: Mya Driver Read more
Report reveals UK’s impact investment market worth £58bn Mar 3, 2022 New research by the Impact Investing Institute has revealed the first estimate of the total size of the UK’s impact investment market. The report in collaboration with accountancy firm EY, titled “Estimating and describing the UK impact investing market”, revealed the estimated size of the market in 2020 was £58 billion, representing an estimated 3.3-8% […] Posted by: Mya Driver Read more
