National Wealth Fund provides loan for crucial coastal flood defence improvements in Wales Jan 15, 2025 The National Wealth Fund (NWF) is providing a £92 million commitment to support crucial improvements to coastal flood defence barriers in Denbighshire, North Wales. The debt financing package, which is provided through the NWF’s Local Authority function, offers the lowest cost long term finance for local authority infrastructure projects and will facilitate Denbighshire County Council’s restoration […] Posted by: Mya Driver Read more
Investec provides £11.5m loan to Applegate Homes for residential development Jan 15, 2025 Investec Bank plc, a leading international financial services provider, announces that its Real Estate team has provided Applegate Homes, the luxury property developer, with an £11.5 million facility to fund the development of a super-prime residential property on the world-famous Wentworth Estate in Surrey. Due to complete in July 2026, Chanray is an 18,700 sq ft, […] Posted by: Deividas Krupstas Read more
LondonMetric transacts on £124m of acquisitions and sales Jan 15, 2025 LondonMetric Property Plc announces that it has sold ten non-core properties for a total consideration of £74.2 million (LondonMetric share: £69.4 million) and reflecting a NIY of 6.9%. The sales comprise: Since 31 March 2024, LondonMetric has sold 65 assets for £307 million (LondonMetric share: £302 million) at a 2% premium to prevailing book value. […] Posted by: Deividas Krupstas Read more
Greykite completes £60m add-on acquisition for uk single-family rental platform Jan 15, 2025 Greykite European Real Estate Fund I and Gatehouse Investment Management, on behalf of their recently launched £750 million Joint Venture, have acquired a second portfolio of purpose-built single-family rental (SFR) homes from leading housebuilder Persimmon Homes. Located on established housing developments with strong transport links and local amenities, the six-site portfolio totals more than 200 […] Posted by: Deividas Krupstas Read more
Avant Homes submits plans for £19m development in Coventry Jan 15, 2025 Housebuilder Avant Homes has submitted plans and exchanged contracts on a 4.71-acre site in Allesley, Coventry, to deliver a £18.8m, 60-home development. The proposed development, which will be called Allesley Heights, is located off Birmingham Road will comprise a mix of one-bedroom apartments and two-, three- and four-bedroom homes. If given the go ahead by […] Posted by: Deividas Krupstas Read more
Elivia secures £100m financing to fuel housebuilding growth Jan 14, 2025 Elivia Homes has secured a £100m financing deal to support its future growth plans. The Revolving Credit Facility (RCF), provided by Barclays and Natwest, will help unlock the building of much needed high-quality properties from its development pipeline of over 6,000 new homes. The flexible financing structure, with a term of up to five years, […] Posted by: Deividas Krupstas Read more
Legal & General submits planning for the £350m Bristol Temple Island masterplan regeneration project Jan 14, 2025 As a leading pensions provider in the UK, L&G is committed to making long-term investments in infrastructure and housing to create a better built environment where our savers reside. L&G’s strong track record of delivering large-scale regeneration schemes in cities like Newcastle, Cardiff, and Sunderland, and extensive network of partnerships with the public sector enable […] Posted by: Deividas Krupstas Read more
Fiera’s European Real Estate Debt platform completes a £58m refinancing of W.RE’s Arding & Hobbs in Clapham Junction Jan 14, 2025 Fiera Real Estate Debt Strategies (“Fiera”), an affiliate of Fiera Capital Corporation, a global asset manager with $122.5 billion in assets under management, has provided a £58 million senior debt facility to W.RE, to refinance the iconic Arding and Hobbs building in London’s Clapham Junction. The landmark property, located directly opposite Clapham Junction station, was […] Posted by: Deividas Krupstas Read more
Valor and QuadReal continue deployment momentum with acquisition of prime East London distribution centre for c.£130 million Jan 14, 2025 Valor Real Estate Partners (“Valor”), Europe’s fastest growing last mile real estate specialist, has acquired, on behalf of its joint venture (the “JV”) with QuadReal Property Group (“QuadReal”), a global real estate investment, operating and development company, a prime last mile distribution centre in Purfleet, East London, for c.£130 million. It represents the JV’s largest […] Posted by: Deividas Krupstas Read more
UK pension funds back Heim’s UK Residential Fund which reaches £375m at first close Jan 13, 2025 Heim’s UK Residential Fund completes First Close supported by UK Local Government Pension Schemes with initial commitments at £375 million. The build-to-core Fund is well on its way to its £800 million target and aim to develop 5,000 homes. Heim’s UK Residential Fund invests in mid-market rental housing, seeking to address the substantial undersupply of […] Posted by: Mya Driver Read more
