Simon Carter Acquires British Land Company Shares May 17, 2024 Simon Carter, an insider at British Land Company PLC has purchased shares of the company’s stock. The transaction saw Carter acquire the shares at an average price of 404 pence per share. British Land’s stock opened at 405 pence on Friday. Over the past year, the company’s shares have fluctuated between a low of 287.30 […] Posted by: David Gilbank Read more
Sirius Real Estate Issues £51.6m of New Notes May 17, 2024 Sirius Real Estate, the leading owner and operator of branded business and industrial parks providing conventional space and flexible workspace in the U.K. announces that it has issued £51.6 million nominal value of notes (the “Issuance”) to be consolidated and form a single series with the £259.3 million 1.75% bonds due November 2028, issued originally […] Posted by: David Gilbank Read more
IJM and Network Rail to Develop Eight New Sites in Central London May 16, 2024 IJM Land Bhd, the property arm of IJM Corporation Bhd, has announced securing eight central London sites for development in partnership with Network Rail Property. The planned development could result in approximately 1,600 new homes with an estimated gross development value exceeding £3 billion (RM17.8 billion). The sites collectively offer up to 3.55 million square […] Posted by: David Gilbank Read more
New Reserved Investor Fund to Boost Town Centre Regeneration May 16, 2024 The new Reserved Investor Fund (RIF) is set to unlock billions for town centre regeneration and achieving net zero targets. The RIF, expected to be available to investors after the Royal Assent to the forthcoming Finance Bill 2024, has garnered widespread industry support. The RIF legislation is advancing quickly through the latter stages of the […] Posted by: David Gilbank Read more
Blue Shield Capital Secures £25 Million Loan from OakNorth Bank May 15, 2024 Blue Shield Capital, a property lending firm specialising in bridging loans, has received a £25 million loan from OakNorth Bank. Launched in 2020 by Gil Ulrich and Jonathan Hitter, Blue Shield focuses on underwriting senior bridging loans backed by UK real estate, particularly in prime cities and suburban areas. The company recently welcomed Stephen Benson […] Posted by: David Gilbank Read more
Unite Disposes Of Six Properties For £184 Million May 13, 2024 Unite Students, the UK’s leading owner, manager and developer of student accommodation, today announces the sale of six properties to PGIM Real Estate for £184 million. The properties, comprising 2,948 beds, are located in Birmingham, Cardiff, Leicester, Liverpool, Nottingham and Sheffield and have an average age of 18 years (Unite average: 13 years). 31% of […] Posted by: David Gilbank Read more
Home REIT Auctions Off 76 Properties for £14.6 Million May 10, 2024 Home REIT has completed the sale of 76 properties at a public auction realising a total of £14.6 million in gross proceeds. This sale at the auction, which took place yesterday, was reported to have yielded 12.4% less than the properties’ draft values from August 2023, as noted by the trust in a stock exchange […] Posted by: David Gilbank Read more
Ares Real Estate and EQ Group Secure £400 Million UK Hotel Portfolio May 9, 2024 Ares Real Estate and EQ Group have announced the acquisition of a portfolio comprising 18 hotels from Land Securities for £400 million, reflecting renewed confidence in the UK’s property and leisure sectors. The collection of mid-scale and economy hotels, strategically located in central London and other major UK cities, signifies an important expansion for Ares […] Posted by: David Gilbank Read more
UKREiiF Shortlisted for Two Awards at the Conference and Events Awards May 9, 2024 The prestigious Conference and Events Awards have named UKREiiF as a finalist in two categories at the upcoming Conference and Events Awards. The nominations are for “Best UK Conference / Event (over 1000 attendees)” and “Best New Conference / Event (over 600 attendees)”. The shortlisting for the event, ahead of UKREiiF’s third event in May […] Posted by: David Gilbank Read more
New Real Estate Investment Trust to Target Distressed UK Property Market with £500 Million Initiative May 8, 2024 Former executives of the LXi Real Estate Investment Trust, which integrated with LondonMetric last year, have announced their intention to launch a new fund, the Special Opportunities Real Estate Investment Trust (SOR), next month. Their strategy focuses on acquiring commercial properties from distressed sellers in what they perceive as a near-market low. The launch team […] Posted by: David Gilbank Read more
