GPE prices new £250m 7-year Sustainable Bond Sep 19, 2024 Great Portland Estates plc (‘GPE’) announces the pricing of its first sterling denominated senior unsecured sustainable bond (the ‘Bond’). The £250m Bond will have a term of 7 years, will bear interest at a rate of 5.375% and is expected on issue to be rated Baa2 by Moody’s Investor Services Ltd. The Bond was over […] Posted by: Deividas Krupstas Read more
Hines acquires £6.5m warehouse from Leopard Capital Sep 19, 2024 Leopard Capital, the property investment fund, has completed the off-market sale of the Booker Cash & Carry warehouse, Salfords Industrial Estate, Redhill for £6.45 million to Hines. Leopard acquired the asset in 2019 for £5.05m. The asset totals 41,802 sq ft GIA and is let for a further 2.4 years to earliest expiry. The passing […] Posted by: Deividas Krupstas Read more
Burton MP named A50/A500 parliamentary advocate Sep 19, 2024 Burton and Uttoxeter MP Jacob Collier has today been named as parliamentary advocate for the North Midlands Manufacturing Corridor. In 2022 Midlands Connect released a ‘road map’ document with a series of proposals for the A50/A500 which outlined how improvements in the route could add £12 billion to the region’s economy over the next 60 […] Posted by: Deividas Krupstas Read more
Government announces new Devolution deals across England Sep 19, 2024 Devolution deals have been confirmed for Hull & East Yorkshire, and for Lincolnshire – with Combined County Authorities also set to be established in Lancashire, and Devon & Torbay. The Mayoral elections will be in 2025 if the devolution deals are approved by Parliament. Greater Lincolnshire will receive an additional £24m a year from Government, […] Posted by: Deividas Krupstas Read more
Metro Bank completes £16m refinancing deal with Criterion Capital for Zedwell Hotel expansion Sep 18, 2024 Metro Bank has finalised a £16mn, five-year funding package with Criterion Capital to refinance Zedwell Greenwich, which opened in October 2023. This investment is central to Criterion Capital’s ambitious expansion strategy of transforming obsolete buildings into lifestyle hotels. With 13 more Zedwell hotels planned by 2027 across the UK, the brand is set to have […] Posted by: Deividas Krupstas Read more
AtkinsRéalis announce pavilion at UKREiiF 2025 Sep 18, 2024 The UK’s Real Estate Investment & Infrastructure Forum (UKREiiF) has announced that AtkinsRéalis have secured a pavilion at the annual event taking place between 20th-22nd May 2025, in Leeds. AtkinsRéalis provides world-class engineering services, connecting people, data and technology to transform the world’s infrastructure and energy systems. Speaking of their involvement, Richard Robinson, President, UK […] Posted by: Mya Driver Read more
Eatos Group acquire £16.5 million Central London asset Sep 18, 2024 Eatos Group has acquired mixed-use property in Central London for £16.5 million. The property, located on Great Sutton Street in Clerkenwell, consists of a retail showroom and 27 residential apartments situated above it. The 27 apartments feature a mix of living spaces, including 2 studios, 4 one-bed, 15 two-bed, and 5 three-beds, across two buildings. […] Posted by: Deividas Krupstas Read more
Legal & General announces sale of CALA Group Sep 18, 2024 Legal & General Group Plc (“Legal & General” or “L&G” or the “Group”) today announces that it has agreed the sale of the UK house builder CALA Group (“Cala”) for an enterprise value of £1.35bn, to Ferguson Bidco Limited, an entity owned by funds managed by Sixth Street Partners and Patron Capital. The consideration for […] Posted by: Deividas Krupstas Read more
Empowering the Next Generation of Property Professionals Through Regeneration Brainery Mentorship Sep 18, 2024 Hollie Hanrahan, Octopus Real Estate’s Investment and Operations Director, talks to UKREiiF about Octopus’ experience as a Regeneration Brainery mentor and UKREiiF partner. “Octopus Real Estate has been a Partner of Regeneration Brainery for several years now. As a business that supports the full life cycle of real estate investment and lending, we’re acutely aware […] Posted by: Mya Driver Read more
SEGRO prices £420m of 8-year bonds Sep 18, 2024 SEGRO has announced the pricing of a £420m senior unsecured bond issue for an eight-year term priced at 123 basis points above euro mid-swaps with an annual coupon of 3.5 per cent. The bond issuance was over six times subscribed at peak. The proceeds of the issue will principally be used to refinance existing indebtedness, […] Posted by: Deividas Krupstas Read more
