LondonMetric JV acquires a NNN retail asset in South East London for £38 million Dec 15, 2022 LondonMetric Property Plc has acquired a NNN retail asset from an open ended property fund for £38.0 million through one of its joint ventures (LondonMetric share: £19.0 million). This reflects an initial yield on cost to LondonMetric of 5.4%, rising to 5.7% upon completion of short term asset management initiatives. The 68,000 sq ft property is located on […] Posted by: Mya Driver Read more
Natwest provides £285m debt funding package to unlock £1bn 3,000 home delivery programme Dec 13, 2022 Natwest has secured a debt financing deal which will help Sigma Capital Grown and EQT to deliver 3,000 new homes in London. The homes, which will have a value of circa £1bn, support the JV put in place by Sigma and EQT who also have a number of acquisitions planned over the course of the […] Posted by: Mya Driver Read more
AXA IM Alts acquires highly sustainable student scheme in London Dec 12, 2022 AXA IM Alts, a global leader in alternative investments with c. £159 billion of assets under management, announces that it has acquired Vita Student Lewisham Exchange, a 758-bed purpose built student accommodation (“PBSA”) scheme in Lewisham, Southeast London. The acquisition, on behalf of clients, has been made from Vita Group, which has developed nearly 10,000 […] Posted by: Mya Driver Read more
Plans approved for up to 995 new homes at St Ann’s New Neighbourhood Dec 7, 2022 Housing association Catalyst – part of the Peabody Group – and development partners The Hill Group have been given the green light by Haringey Council for the redevelopment of a site adjacent to St Ann’s Hospital, South Tottenham. The redevelopment will provide up to 995 new homes, 60% of which will be affordable, delivering much-needed […] Posted by: Mya Driver Read more
Oxenwood and Graftongate secure planning consent for East London last-mile logistics development Dec 7, 2022 Oxenwood Real Estate, the UK and European real estate investment management firm, and Graftongate, the real estate developer, have secured planning consent to develop a last-mile logistics facility in Barking, east London. The consent from Barking and Dagenham Council will enable the build-to-suit development of a 59,000 sq ft facility, Power59, on a 2.2-acre site on […] Posted by: Mya Driver Read more
Pocket Living receives double permission for over 500 homes including developer’s first for rent Nov 22, 2022 Innovative housing developer Pocket Living has secured two unanimous planning committee decisions, days apart, for two housing developments in London, totalling almost 500 homes aimed at London’s middle-income workers who keep the city vibrant and dynamic. The two permissions demonstrate the breadth of Pocket’s offer to this market as the development at Atlas Road will […] Posted by: Mya Driver Read more
Arc & Co. and Alpha Property lending complete £7m bridge Nov 8, 2022 Alpha Property Lending has completed a £7m development exit loan for a newly completed development of 8 houses and 2 apartments in East London. Alpha Property Lending provided a fixed rate loan, giving the Borrower certainty in a volatile interest rate market. The loan was used to repay development finance and will enable the developer time […] Posted by: Mya Driver Read more
Bloom secures planning consent for Greenwich ultra-urban warehouse development Nov 2, 2022 Bloom, the ultra-urban industrial investor and developer, has secured planning consent for a sustainable 35,845 sq ft development in London’s Greenwich. The development is located on a one-acre site at the junction of Peterboat Close and Tunnel Avenue by the Blackwall Tunnel. It is the third to be carried out by Bloom for its £250 […] Posted by: Mya Driver Read more
Ingenious lends £26M to finance project in East Ham Nov 1, 2022 Ingenious Real Estate Finance has completed a £26m loan financing deal to support the development of a mixed-use scheme consisting of 88 apartments, commercial space and a gym at the former Boleyn Cinema site in East Ham, London. This deal was introduced by broker Daniel Sovitch at Life Financial Solutions. The development will consist of […] Posted by: Mya Driver Read more
Planning permission secured for £75m student accom scheme in East London Oct 21, 2022 Southern Grove has secured approval for a £75m mixed-use student accommodation scheme in East London. The Piano Works will be located on the site of a former piano factory in the Fish Island neighbourhood in Hackney Wick, and will be home to 204 students across two six- and seven-storey blocks. The ground floor of both […] Posted by: Mya Driver Read more
