IPUT Real Estate to invest €500m in sustainable development projects Apr 30, 2021 Investment of over €500 million in sustainable development over five years Commitment to developing and operating net zero carbon buildings by 2030 Delivered resilient performance in 2020 paying cash dividend of €102.5m IPUT Real Estate, Ireland’s leading property company and the largest owner of offices and logistics assets in Dublin, today issues its 2020 Responsibility […] Posted by: Nathan Spencer Read more
Biggest economic boom since 1948 predicted by Barclays boss Apr 30, 2021 The UK is about to experience its biggest economic boom since the aftermath of WW2, according to Barclays boss Jes Staley, as the bank reveal its profits for Q1 had more than doubled from a year earlier to £2.4bn. He said: “We estimate the UK economy will grow at its fastest rate since 1948. That’s […] Posted by: Nathan Spencer Read more
Stenprop shows continued strong demand for multi-let industrial space in the UK Apr 30, 2021 Stenprop Limited, the UK multi-let industrial property company, today publishes a trading update on its UK multi-let industrial (“MLI”) portfolio for the period 1 January 2021 to 31 March 2021 and up-to-date information on transactions and rent collections across the Company’s whole portfolio. Commenting on the trading update Paul Arenson, CEO of Stenprop, said: “We […] Posted by: Nathan Spencer Read more
UK’s leading healthcare operator secures £540m refinancing deal with Welltower Apr 30, 2021 Healthcare real estate investment trust (REIT) Welltower has partnered with a Safanad-led investment group to recapitalise leading care home operator, HC-One. Welltower has provided a £540m senior secured loan in addition to a £55m equity investment. As part of the refinancing deal, HC-One is also reducing its debt by £66m. Additionally, Safanad and Court Cavendish […] Posted by: Nathan Spencer Read more
Ex-British Land Chief named Head of UK’s £22bn Infrastructure Bank Apr 29, 2021 The former boss of British Land – Chris Grigg – has become the first head of Britain’s national Infrastructure Bank set to be headquartered in Leeds. The Infrastructure Bank was announced by The Chancellor Rishi Sunak at the budget – stating the bank will be provided with £12bn of equity and debt capital as well […] Posted by: Nathan Spencer Read more
Focus on mid box logistics sector delivers strong results for Aberdeen Standard European Logistics Income Plc Apr 29, 2021 Aberdeen Standard European Logistics Income PLC, the Continental European investor in modern warehouses, which is managed by Aberdeen Standard Investments, today announces its final results for the 12 months to 31 December 2020. Strong financial performance, with valuation increase underpinning double-digit NAV total return: Net asset value increased by 8.1% to €1.20 (31 December 2019: […] Posted by: Nathan Spencer Read more
Deutsche Finance International (DFI) appoints first Head of Tax Apr 29, 2021 Deutsche Finance International (“DFI”), the pan-European private equity real estate investor which manages €2.8 billion of assets and specialises in customer-centric real estate, has hired Michael Attfield as Head of Tax. The appointment is in line with DFI’s strategy to operate its platform with a strong in-house professional team, ensuring best in class execution and […] Posted by: Nathan Spencer Read more
Allegra Care and Moorfield JV acquires Sentinel Health Care Group in £125m vision Apr 29, 2021 The acquisition is the first form the newly formed £125m nursing home partnership Allegra Care, the UK-focused care home operator, and Moorfield Group, a leading UK specialist real estate fund manager acting on behalf of Moorfield Real Estate Fund IV (Moorfield), have completed the acquisition of Sentinel Health Care, the privately owned nursing home group. […] Posted by: Nathan Spencer Read more
Development partner sought for new University campus Apr 28, 2021 Newcastle University is seeking a principal development partner for a multi-million-pound mixed use scheme located on a 29-acre brown-field former hospital site in Newcastle City Centre. The development, known as the Campus for Ageing and Vitality (CAV), will be the first of its kind within the UK, drawing together all aspects of healthy ageing innovation, […] Posted by: Nathan Spencer Read more
Developer strikes deal for four sites to develop 1,000 homes Apr 28, 2021 Persimmon Homes has secured a series of land deals that will pump more than £5m into local communities through Section 106 contributions. Development by Persimmon Homes North West will see four new sites deliver almost 1,000 much needed new homes while directly supporting 357 construction jobs per year. Karl Wiseman, Managing Director of Persimmon Homes […] Posted by: Nathan Spencer Read more
