OakNorth provides £77m loan to Staycity Group as aparthotel business looks to triple in size by 2029 Feb 12, 2025 OakNorth, the digital bank for entrepreneurs, has completed a £77m loan to Staycity Group, the Irish-owned, pan-European aparthotel business which is looking to triple in size over the next five years. Staycity, founded in Dublin in 2004, has two aparthotel brands – Staycity Aparthotels and the lifestyle brand Wilde. The group currently operates 6,000 keys across 36 aparthotels in […] Posted by: Deividas Krupstas Read more
Standard Life completes £250m buy-in with the Finning Pension Scheme Feb 12, 2025 Standard Life, part of Phoenix Group, has successfully concluded a £250m Bulk Purchase Annuity transaction with the Finning Pension Scheme, which is sponsored by Finning (UK) Ltd., a Caterpillar machinery dealership. This full scheme buy-in transaction, which completed in December 2024, covers all c. 2,170 members of the Scheme. The Trustee and sponsor collaborated closely […] Posted by: Deividas Krupstas Read more
Legal & General steps up affordable housing push, raising £510m to tackle crisis head on Feb 4, 2025 Legal & General today announced that it has raised £510m for its affordable housing investment strategy as part of the second close of its Affordable Housing Fund (“the Fund”), aimed at tackling the UK’s housing crisis head on. New investors include London CIV, the entity that manages London Local Government Pension Scheme (LGPS) assets, which […] Posted by: Deividas Krupstas Read more
PIC completes £25 million full buy-in of the FSCS Pension Scheme Feb 3, 2025 PIC, a specialist insurer of defined benefit pension schemes, has concluded a £25 million full buy-in of the FSCS Pension Scheme (‘the Scheme’), sponsored by the Financial Services Compensation Scheme (‘the Employer’), the UK’s statutory compensation scheme for UK authorised financial services firms. The transaction secures the benefits of all 154 members, comprising 37 pensioners […] Posted by: Deividas Krupstas Read more
Aviva Investors launches Venture and Growth Capital Fund to power investment in unlisted companies Feb 3, 2025 Aviva Investors, the global asset management business of Aviva plc, announces it has launched a Venture and Growth Capital fund which aims to give investors better access to early-stage companies and technologies. The Aviva Investors Venture & Growth Capital LTAF (‘the Fund’) is the fourth to be launched by the asset manager under the Long Term […] Posted by: Deividas Krupstas Read more
Kennedy Wilson and CPP Investments Commit £213 Million to UK Single-Family Rental Housing Jan 30, 2025 Kennedy Wilson, in partnership with Canada Pension Plan Investment Board (CPP Investments), has invested £213 million in single-family rental housing in the United Kingdom. This investment marks a significant milestone in the companies’ joint venture, which was launched in October 2024 with an initial target of approximately £1 billion in asset value. The joint venture […] 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
AustralianSuper invests into Oxford Properties’ £700m portfolio and manager M7 Real Estate Jan 13, 2025 AustralianSuper, Australia’s largest superannuation fund, and Oxford Properties Group (“Oxford”), a leading global real estate investor, developer and manager, today announce a new strategic partnership that aims to build a significant industrial and logistics venture across Europe, which will be managed by M7 Real Estate. AustralianSuper has acquired a 50% stake in Oxford’s c. €840 […] Posted by: Deividas Krupstas Read more
Audley Group raises £40 million in innovative sale and leaseback with institutional investors Jan 9, 2025 Audley Group, the UK’s leading provider of retirement villages, has raised nearly £40 million in a sector-first sale and leaseback deal. A major investor has purchased the freehold of five operational Audley Villages across the UK. These constitute a total of 550 properties in villages from 25 years old to others recently opened. Audley Group […] Posted by: Deividas Krupstas Read more
