ISG Nears Sale as Parent Company Cathexis Finalises Deal Jul 5, 2024 ISG, the sixth-largest UK contractor, is on the verge of being sold by its parent company, Cathexis, after eight years of ownership. The potential buyer, who has not yet been named, is expected to invest heavily in the business. Cathexis Chief Operating Officer and ISG Chairman Matt Roche communicated to stakeholders that the sale is […] Posted by: David Gilbank Read more
Legal & General Affordable Homes Secures £35m Acquisition of Shared Ownership Properties Jul 2, 2024 Legal & General Affordable Homes has acquired 390 shared ownership homes from Orbit Group for nearly £35 million. This acquisition aligns with Legal & General’s goal of increasing investment in the affordable housing sector, backed by its Institutional Retirement division. The newly acquired homes are spread across 32 local authorities, including regions in the North […] Posted by: David Gilbank Read more
Regional REIT Initiates £110.5m Capital Raising Jun 27, 2024 Regional REIT has announced a £110.5 million capital raising initiative through a placing fully underwritten by Bridgemere Investments, part of the Bridgemere group established by Steve Morgan CBE. The raising involves issuing 1,105,149,821 new ordinary shares at 10 pence per share. This capital raising will allow Regional REIT to repay its £50 million Retail Bond, […] Posted by: David Gilbank Read more
Standard Life completes £880m buy-in with the Rolls-Royce & Bentley Pension Fund Jun 27, 2024 Standard Life, part of Phoenix Group, has concluded a £880 million Bulk Purchase Annuity (“BPA”) transaction with the Rolls-Royce & Bentley Pension Fund which is sponsored by Bentley Motors Limited. This is a full scheme buy-in transaction covering c. 6,000 members of the Scheme. The buy-in included novation of the Scheme’s existing longevity swap with […] Posted by: David Gilbank Read more
Disposal of four care homes for £44.5 million Jun 27, 2024 Target Healthcare announces that it has completed the disposal of four UK care homes for £44.5 million to the incumbent tenant. The sale price reflects a modest premium to the portfolio’s carrying value at both 31 December 2023 (the latest date prior to the offer being received) and 31 March 2024, and an implied net […] Posted by: David Gilbank Read more
UK Sees Largest Investment Trust Merger with Alliance and Witan Jun 26, 2024 Alliance Trust and Witan Investment have announced their merger, creating a massive £5bn investment trust named Alliance Witan PLC. This merger follows the retirement announcement of Witan CEO Andrew Bell, who served for 14 years. Andrew Ross, Witan’s chairman, discussed the comprehensive review process that led to the merger, noting that the board considered several […] Posted by: David Gilbank Read more
Blackstone Real Estate Acquires Village Hotels Jun 26, 2024 Blackstone Real Estate today announced that funds managed by Blackstone have completed the acquisition of Village Hotels, a hotel owner, operator and developer, from affiliates of KSL Capital Partners, a leading investor in travel and leisure businesses. Village Hotels owns and operates 33 well-located assets in large regional cities and suburban areas across the UK. […] Posted by: David Gilbank Read more
Report reveals £70 billion in additional value could be lost without investments into planning Jun 26, 2024 A report by Public First, commissioned by the Royal Town Planning Institute (RTPI), revealed that planning reform and increased housing development could miss out on over £70 billion in additional value by not investing in planning. Last week, leaders of the UK’s political parties outlined ambitious housing targets. The RTPI has stated that well-resourced planning […] Posted by: David Gilbank Read more
UKREiiF 2025 Announcement: Save the Date for Leeds May 24, 2024 Following the unprecedented success of UKREiiF 2024, where a record-breaking 13,000+ delegates attended, the organisers are thrilled to announce that the event is already locked in for 2025, and promises to be even bigger and better. With many tickets already sold 12 months in advance, the message is simple: Set your calendars as UKREiiF 2025 […] Posted by: David Gilbank Read more
UKREiiF Unveils 2024 Sustainability Champions May 24, 2024 The UK’s Real Estate Investment and Infrastructure Forum (UKREiiF) is delighted to announce the winners of the 2024 Sustainability Champion Awards at this year’s event in Leeds. These awards recognise exemplary exhibitors and pavilion partners who have demonstrated outstanding commitment to sustainability within the real estate and infrastructure sectors. The Sustainability Champion Awards highlight those […] Posted by: David Gilbank Read more
