Board of Home REIT splash £166m on acquiring 23 portfolios Oct 18, 2021 Home REIT plc, which funds the acquisition and creation of high quality properties across the UK that are dedicated to providing accommodation to homeless people, has deployed £166.4 million of the proceeds raised in the Company’s significantly oversubscribed £350 million equity issue in September 2021. In less than one month following the Initial Issue, the […] Posted by: Mya Driver Read more
Council and developer JV approved ahead of major regeneration Oct 14, 2021 Bury Council’s cabinet has formally approved the principles behind a 50:50 joint venture with leading town and city-centre regenerator, Muse Developments, to bring forward the repurposing and regeneration of Prestwich village. Following the council’s purchase of the Longfield Centre and decision to form a JV with Muse, the team will be working on a draft […] Posted by: Mya Driver Read more
Grainger in £140m forward funding acquisition with Network Homes Oct 14, 2021 Grainger plc, the UK’s largest listed residential landlord with 9,109 operational rental homes and a further 8,851 in its £2.1bn pipeline, announced that it has exchanged conditional contracts to forward fund and acquire Merrick Place, a 401-home build-to-rent development scheme in Southall, West London, for £141m. Proceeds from Grainger’s recent successful equity placing will help […] Posted by: Mya Driver Read more
Aviva Investors provides further £50m to self-storage firm Big Yellow Group Oct 14, 2021 Aviva Investors, the global asset management business of Aviva plc, announces that it has completed a further £50 million financing agreement with Big Yellow Group, the UK-based self-storage company, as it continues to expand its sustainability-linked financing programme, The loan, a seven-year facility, is secured against a portfolio of purpose-built self-storage assets located predominantly in […] Posted by: Mya Driver Read more
Maya Capital and AnaCap acquire office and hotel scheme in £125m deal Oct 13, 2021 Maya Capital LLP and AnaCap Financial Partners have completed the acquisition of 160 Blackfriars Road in London’s Southbank. The property includes a 106,000 sq ft office and ground floor retail building currently 50% let, as well as adjacent land for a consented hotel scheme. Maya and AnaCap intend to carry out significant refurbishment of the […] Posted by: Mya Driver Read more
Avamore grows senior leadership team as they continue ambitious growth plans Oct 13, 2021 Avamore Capital today has confirmed the hire of well-known industry heavyweight, D’mitri Zaprzala – former Head of Residential at Octopus Real Estate – to join its senior leadership team. D’mitri will join the board of Directors at Avamore Capital and sit alongside Michael Dean, Zuhair Mirza, Alan Margolis and Philip Gould. The hire follows last […] Posted by: Mya Driver Read more
ECF and Metropolitan Thames Valley sign landmark agreement to bring 50% affordable homes to Canning Town Oct 13, 2021 Innovative, market-leading development partnership, The English Cities Fund (ECF), working in close partnership with the Mayor’s Homes for Londoners team, have signed a landmark agreement with Metropolitan Thames Valley Housing Association (MTVH) to bring forward a major new 804-home scheme, which will deliver 402 (50%) affordable homes to benefit the Newham community. The Manor Road […] Posted by: Mya Driver Read more
Carlyle and ARA Dunedin JV acquire 11 logistics assets from Moorfield Oct 12, 2021 Global investment firm Carlyle (NASDAQ: CG) and ARA Dunedin today announced that their joint venture, established in March 2021, has acquired a portfolio of logistics assets in the UK from Moorfield Real Estate Fund IV for £102 million. The portfolio comprises 11 distribution logistics assets which total 1 million sq ft in lettable area. Strategically […] Posted by: Mya Driver Read more
Government allocates council’s with £58m funding to unlock brownfield land Oct 12, 2021 The Department for Levelling Up, Housing and Communities (DLUHC) announced almost £57.8 million from the £75 million Brownfield Land Release Fund (BLRF) has been allocated to 53 councils for new homes to be built on underused and derelict land. The funding will boost local areas by transforming unloved and disused sites into vibrant communities for […] Posted by: Mya Driver Read more
Lloyds Banking Group eyes £100bn pension and investment arm Oct 12, 2021 The group director of insurance and wealth at Lloyds Banking Group said the company wants to grow its personal pensions and investment arm to more than £100bn ($137bn, €117bn). Antonio Lorenzo, who is also chief executive of Scottish Widows, told the Mail on Sunday that the bank plans to take on Hargreaves Lansdown and wants to build […] Posted by: Mya Driver Read more
