UKEF provides £1.1 billion support to the construction sector in 2022 Jul 5, 2023 UK Export Finance (UKEF) has published its annual results for 2022-23, which show the government’s export credit agency provided £1.1bn in new, direct support for UK construction exporters in the last 12 months. This supported up to 5,000 jobs in the sector, a 25% increase on last year’s figures. Overall, UKEF provided £6.5 billion in […] Posted by: Mya Driver Read more
Defiant dealmaking for Shoosmiths’ real estate investment group Jul 5, 2023 Despite further tightening in the lending market and wider economy, Shoosmiths’ real estate investment group concluded c.£200m worth of deals in Q2 2023. The quarter saw the law firm’s investment specialists act on transactions in the office, industrial and logistics sectors, as well as the mixed-use Royal Albert Dock development. Shoosmiths started the quarter by […] Posted by: Mya Driver Read more
Announcement of £500 million funding partnership Jul 5, 2023 LendInvest plc (AIM: LINV; “LendInvest” or the “Group”), the UK’s leading platform for mortgages, has announced a £500 million investment to fund part of its future mortgage originations for its Buy-to-Let and Residential Mortgage products from Chetwood Financial Limited. This new funding will further the growth of LendInvest’s Buy-to-Let business, which supports professional landlords, as […] Posted by: Mya Driver Read more
Landmark deal between Pinnacle Power and DIF Capital Partners enables critical investment for the UK Jul 4, 2023 The UK’s energy security is a top priority, and, as recognised in the Government’s ‘Powering up Britain: Energy Security Plan’, heat networks will play a crucial role in achieving this. To turbocharge the UK’s heat network capability a new partnership between Pinnacle Power and DIF Capital Partners will deploy town-and-city-scale heat networks to decarbonise tens […] Posted by: Mya Driver Read more
Cain extends £50 million revolving credit facility with Tungsten Properties Jun 29, 2023 Cain International (‘Cain’), the privately held investment firm, has agreed the renewal of a £50 million revolving credit facility with Tungsten Properties for a further three years. The renewal follows the successful deployment of the initial facility in 2020 of £36 million. Cain’s partnership with Tungsten began in 2019, with the initial facility having financed four successful […] Posted by: Mya Driver Read more
Impact Healthcare REIT – £24m increase in size and four year extensions to existing revolving credit facility Jun 29, 2023 Impact Healthcare REIT plc (ticker: IHR), announces that it has increased the size and extended the maturity of its revolving credit facility with National Westminster Bank Plc (the “NatWest RCF”) and extended its revolving credit facility with HSBC Bank UK Plc (“HSBC RCF”) by a year.” The NatWest RCF has been increased by £24 million, […] Posted by: Mya Driver Read more
Custodian REIT Disposes Retail Unit in Bury St Edmunds Jun 27, 2023 Custodian Property Income REIT (LSE: CREI), which seeks to deliver an enhanced income return by investing in a diversified portfolio of smaller, regional, core/core-plus properties across the UK, is pleasedto announce the disposal of a high street retail unit in Bury St Edmunds at auction for £0.85m, in line with the 31 March 2023 valuation.Commenting […] Posted by: Mya Driver Read more
Goldmoney Inc. Establishes Real Assets Investment Strategy with First Acquisition of Commercial Property in the UK Jun 27, 2023 On June 26, 2023, Goldmoney Properties completed the acquisition of a landmark 219,258 (GIA) square foot Class A building near the Port of Southampton from Aviva Investors Lime Property Fund for consideration of £33 million (CAD $55.4 million) in an all-cash transaction. Built in 2009 by a subsidiary of Land Securities Corp, the property is […] Posted by: Mya Driver Read more
Civitas Social Housing is nearing a private acquisition deal Jun 27, 2023 Civitas Social Housing PLC (LSE:CSH) has lowered the minimum shareholder voting threshold to facilitate the £485 million private acquisition bid from CK Asset Holding. The required percentage of voting rights has been decreased from 75% to 50%, essentially making the offer unconditional as CK Asset Holdings has already acquired over 60% of voting rights. Civitas […] Posted by: Mya Driver Read more
OakNorth Bank Lends £37m for UK Storage Company Buyout Jun 27, 2023 OakNorth Bank, the neobank for entrepreneurs, by entrepreneurs, has provided a £37m loan to UK Storage Company, one of the UK’s largest independent self-storage providers. Founded in 2005 by Keith and Cathy Taylor, UK Storage Company opened its first site in Bridgwater, Somerset that year, with the site also being used as its headquarters. Its second […] Posted by: Mya Driver Read more
