MFS secures £400m funding line from institutional investors with specialist finance in demand Jun 27, 2023 Market Financial Solutions (MFS) has secured £400 million of new institutional funding to fuel the growth of the lender’s loan book as demand for specialist finance ramps up. The new funding from an institutional investor will be applied across MFS’s bridging finance products. Bridging loan applications (+13.1%) and completions (+11.8%) both rose notably in Q1 2023 […] Posted by: Mya Driver Read more
Wealth Club launches new investment range Jun 15, 2023 Seccl, the Octopus-owned embedded investment platform, is supporting the launch of a new investment range for Wealth Club, the UK’s largest investment service for experienced investors. Founded in 2016 by former Hargreaves Lansdown director and shareholder Alex Davies, Wealth Club boasts over 50,000 members and 11,000 active investors, who have collectively invested more than £1.1 […] Posted by: Mya Driver Read more
Custodian Property Income REIT results year ended 31 March 2023 Jun 15, 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, today announces its final results for the year ended 31 March 2023. Commenting on the final results, David Hunter, Chairman of Custodian Property Income REIT, said: “Our […] Posted by: Mya Driver Read more
Major new housing developments on horizon as approvals rise Jun 13, 2023 While the housing market is suffering a slowdown right now, the prospects for major new housing developments have brightened spectacularly in recent months. Detailed planning approvals for large new housing developments – which are typically in urban areas and involve over 250 homes/flats – were worth £3,952 million in the three months to April, more […] Posted by: Mya Driver Read more
Tilbury Douglas renews place on the NEPO Framework Jun 13, 2023 Tilbury Douglas has renewed its place on procurement group NEPO’s next-generation construction framework, which works with councils and public bodies. Tilbury Douglas has been appointed onto four lots: NEPO’s procurement solutions are the result of extensive consultation with the public sector, suppliers and end users, so that it delivers positive outcomes for the communities it […] Posted by: Mya Driver Read more
Disposal of Retail Property Jun 12, 2023 Custodian Property Income REIT (LSE: CREI), which seeks to deliver a strong income return by investing in a diversified portfolio of smaller regional properties across the UK, is pleased to announce the disposal of a high street retail unit in Cirencester at auction for £0.72m, in line with the 31 March 2023 valuation. Commenting on […] Posted by: Mya Driver Read more
Northwest Healthcare Properties Real Estate Investment Trust Announces Finalization of Its UK Joint Venture Jun 8, 2023 Northwest Healthcare Properties Real Estate Investment Trust (the “REIT”) (TSX: NWH.UN), announces that its UK healthcare real estate joint venture will close in June 2023, the completion of the sale of its Bakersfield Hospital on May 31st, approval from the Toronto Stock Exchange (the “TSX”) to acquire up to 10% of its public float under a normal course […] Posted by: Mya Driver Read more
igloo makes senior appointments across the UK as it continues to expand and strengthen its portfolio Jun 6, 2023 With major award-winning regeneration projects like Ironworks in Leeds, Oakfield in Swindon and the most recent addition of a 100,000 sq ft BREEAM ‘Excellent’ office scheme, The Pioneer, in Stephenson Quarter, Newcastle, igloo’s stance as one of the UK’s leading sustainable developers continues to strengthen. As a result, it has made a number of senior […] Posted by: Mya Driver Read more
Octopus Investments backs £50m rollout of electric vehicle charging company Weev Jun 6, 2023 Octopus Investments (Octopus), part of Octopus Group, an investment company investing in the people, ideas and industries that will change the world, has today announced its investment into Weev, the electric vehicle (EV) charge point operator based in Northern Ireland. Octopus is backing Weev’s rollout plan with up to £50 million to address the shortage […] Posted by: Mya Driver Read more
Warehouse REIT Plc: Strong operational performance, successful disposal programme and weighting towards multi-let sector provide a strong platform for growth Jun 6, 2023 Neil Kirton, Chairman of Warehouse REIT commented: “This financial year saw a marked divergence between equity market valuations and the continued strength of the occupier market. Operationally, our performance has been strong; our focus on multi-let assets in key industrial hubs where demand remains firm but supply is constrained is paying off with like-for-like growth […] Posted by: Mya Driver Read more
