GBA Logistics Expands Portfolio with Acquisition of Silver X Group and Bow Distribution May 7, 2024 GBA Logistics has announced the acquisition of Silver X Group and Bow Distribution and Warehousing. The move aligns with GBA’s strategic vision to enhance its service offerings and expand its reach. David J Birkbeck, chairman and founder of GBA Logistics, expressed enthusiasm about the integration, stating, “We are thrilled to welcome Silver X and Bow […] Posted by: David Gilbank Read more
First Proptech Hub in UK History May 3, 2024 UK PropTech Association (UKPA) to Host the UK’s First Dedicated PropTech Hub at the UK’s Real Estate Investment and Infrastructure Forum (UKREiiF) in 2024. This pioneering initiative marks a significant milestone in the integration of property and technology sectors, and comes after the recent merger with the UKPA and British Property Federation (BPF) Nathan Spencer, […] Posted by: David Gilbank Read more
Stonewater Secures £254m Funding Deal with Multiple Lenders May 2, 2024 Savills Financial Consultants has facilitated Stonewater in finalising a £254 million funding arrangement with five lenders to bolster its investments in new and existing affordable housing projects. The funding, sourced from both existing backers like Barclays, NatWest, and Nationwide, as well as new partners ABN AMRO and HSBC, marks a significant step for Stonewater, a […] Posted by: David Gilbank Read more
Novuna Business Finance provides £10m facility to Aura Power May 1, 2024 Novuna Business Finance has provided £10m of funding to support Aura Power, a leading global developer of renewable energy projects progress their development pipeline of utility-scale solar PV and battery energy storage of around 12 GW in the UK, Europe and North America. The deal demonstrates Novuna Business Finance’s appetite to support businesses that have […] Posted by: David Gilbank Read more
Devolution: Regions Push to Finalise Agreements Ahead of General Election Apr 30, 2024 Two regions have hopes of establishing shadow combined authorities by the year’s end. Meanwhile, one area has already crossed the finish line. Inquiries by LGC this month revealed that several councils engaged in active discussions regarding devolution deals are making strides towards solidifying their arrangements. Among them is the Greater Lincolnshire deal, which entails Lincolnshire […] Posted by: David Gilbank Read more
GXO Bolsters UK Logistics Presence with Wincanton Acquisition Apr 30, 2024 GXO Logistics, Inc. has finalised its acquisition of Wincanton plc. The completion of the acquisition, effective immediately, positions GXO as the sole shareholder of Wincanton. Shareholders of Wincanton are poised to receive consideration of 605 pence per share, with the scheme record time set at 6:00 p.m. BST on April 26, 2024. Malcolm Wilson, CEO […] Posted by: David Gilbank Read more
Far East Orchard Acquires 49% Stake in UK PBSA Operator for £17.6 Million Apr 25, 2024 Far East Orchard O10 1% has announced its acquisition of a 49% stake in Homes For Students (HFS), the UK’s largest independent purpose-built student accommodation (PBSA) operator, for £17.6 million. Under the agreement, Far East Orchard will progressively acquire the remaining 51% interest in HFS in two stages by September 2025 and November 2030. The […] Posted by: Mya Driver Read more
Valor completes £25 Million Acquisition of logistics assets Apr 23, 2024 Valor Real Estate Partners, Europe’s fastest growing last mile real estate specialist, has completed the acquisition of two multi-let urban logistics assets in London, in separate transactions, for c.£25 million. The highly reversionary, modern properties, totalling c.72,000 sq ft of lettable space, are located in established industrial submarkets, and extend Valor’s UK portfolio to 54 […] Posted by: Mya Driver Read more
UK Firms Launch Global Campaign to Address Housing Crisis Apr 11, 2024 Citygate, a leading social housing provider in the United Kingdom, in partnership with UCEA, a prominent Single Family Office, has announced a global initiative aimed at attracting investment to tackle the pressing housing crisis in the UK. The collaboration is set to initiate a comprehensive capital and awareness-raising campaign across six major financial centres: Zurich, […] Posted by: Mya Driver Read more
100% council tax premium on LT Empty Homes Mar 11, 2024 Effective from 1 April, the UK’s Department for Levelling Up, Housing, and Communities, along with Simon Hoare MP, have announced the implementation of stricter measures aimed at addressing the issue of long-term vacant properties. The revised legislation mandates a 100% council tax premium on homes left empty for more than a year, a significant reduction […] Posted by: Mya Driver Read more
