Council in strong position to deliver for residents after capital injection following sale of council-owned company Jun 1, 2023 Merton Council has today (May 31) published details of an £186 million capital injection in its annual accounts following the January 2023 sale of CHAS 2013 Ltd, a wholly-owned subsidiary of the authority. This puts the council in a strong position to deliver on its ambitions to build a better Merton, that everyone can take pride […] Posted by: Mya Driver Read more
Blackfinch Property completes its largest loan to date with £20m refinancing deal in East London Jun 1, 2023 Blackfinch Property, a rapidly growing agile lender to the UK property market, has completed its largest loan to date, a £20m refinancing for a mixed portfolio of 54 residential and commercial properties across East London. The 24-month deal from Blackfinch Property will enable the landlord to continue to provide high quality residential and commercial properties […] Posted by: Mya Driver Read more
London’s empty homes could be worth £20bn May 31, 2023 The Mayor of London, Sadiq Khan, and Westminster City Council are today calling for stronger powers to crack down on empty homes, as shocking new analysis by City Hall reveals an estimated £20bn worth of property is sitting vacant across the capital. The Mayor is calling it a scandal that there are an estimated 30,000 […] Posted by: Mya Driver Read more
The GPA moves forward to complete new hub in Croydon May 30, 2023 The Government Property Agency (GPA) has achieved Practical Completion at its new Government Hub in Croydon, 2 Ruskin Square. The building will accommodate over 5,000 civil servants and enable the Home Office to migrate from three current locations in Croydon to the building in the summer 2024. Following the completion of Cat A construction, funded […] Posted by: Mya Driver Read more
PIC agrees forward purchase of UK Government Property Agency Hub at Ruskin Square, Croydon for £268 million Mar 29, 2023 Pension Insurance Corporation plc (‘PIC’), a specialist insurer of defined benefit pension funds, has agreed the £267.6 million purchase of 2 Ruskin Square in Croydon, a new 344,940 sq ft Grade A office, next to East Croydon railway station, from the Schroders Capital UK Real Estate Fund (‘SCREF’). The building will be let to the […] Posted by: Mya Driver Read more
Gamuda purchases Winchester House London for RM1.39b Mar 28, 2023 Gamuda Bhd, together with its partner Castleforge Partners Ltd — a UK-based real estate private equity investor — has bought the eight-storey commercial building Winchester House London for £257 million (RM1.39 billion). The construction and property group and its partner, via Venta Belgarum II Ltd Pt (VB II), have signed a sale and purchase agreement […] Posted by: Mya Driver Read more
Catalyst, Hill and GLA exchange contracts at St Ann’s New Neighbourhood Mar 21, 2023 Plans to transform the St Ann’s Neighbourhood in South Tottenham reached another significant milestone last week when Catalyst, part of the Peabody Group, and the GLA officially exchanged contracts on the development agreement. Separately, Catalyst and The Hill Group have also exchanged contracts on a joint venture partnership with Hill acting as development partner for […] Posted by: Mya Driver Read more
CBRE to market major King’s Cross development site Mar 16, 2023 Royal College Place – one of the last major land parcels in King’s Cross, London NW1 – is being offered to the market by global real estate advisor, CBRE, acting on behalf of the Royal Mail Group Ltd and Parcelforce Worldwide. Parcelforce Worldwide will permanently relocate its Royal College Place operations away from the site […] Posted by: Mya Driver Read more
Cohort Saves Developers £12m Deposit With £22m Acquisition Facility Mar 14, 2023 Cohort Capital provided an acquisition facility of £22m at 60% LTV for the purchase of 50 Brook Green, W6 7BJ, a 40,000 sqft office asset, formerly a school which now has planning for 33 high end residential apartments. The loan was made to a US Fund, who will deliver the conversion with a development facility […] Posted by: Mya Driver Read more
Cheyne Capital Completes £123m Senior Loan for Mixed-Use Scheme in South London Mar 9, 2023 Cheyne Capital Management (UK) LLP (“Cheyne”), the global alternative asset manager, today announced that it has provided a £122.8m senior loan to MARK, the pan-European real estate investment manager, to refinance a newly developed, mixed-use scheme known as Borough Yards in south London. The loan provided was used to refinance the existing lender group following […] Posted by: Mya Driver Read more
