Home REIT buys 158 properties for £57.4m Sep 13, 2022 Home REIT, which helps to house homeless people, has purchased 158 properties throughout England for £57.4m. The company said the initiative was funded by the proceeds of its £263m equity issue in May, and has used £227m of this figure so far. Home said the properties have added a another 711 beds for those in […] Posted by: Mya Driver Read more
Vistry set to acquire Countryside in £1.2bn deal Sep 5, 2022 An agreement has been struck for housebuilder Vistry to acquire Countryside – with Countryside shareholders receiving 0.255 of a Vistry share for each of their shares, plus 60p. Five major shareholders who make up around 40% of the shareholding have backed the plans in addition to the boards of both companies. The merge creating one […] Posted by: Mya Driver Read more
Stafford Capital Partners announces final close of fourth infrastructure secondaries fund Aug 31, 2022 Stafford Capital Partners (“Stafford”), a leading international private markets investment and advisory group is pleased to announce the close of Stafford Infrastructure Secondaries Fund IV (“SISF IV”). The closing marks the largest fund in Stafford’s history, with the fund receiving €731m in commitments from 33 investors across 13 countries. Alongside these commitments, Stafford raised an […] Posted by: Mya Driver Read more
Quadreal appoints new European Research Lead Aug 30, 2022 QuadReal Property Group (QuadReal), a global real estate company, announces the appointment of Farhaz Miah as Vice President for Research and Strategy. Farhaz, who will lead QuadReal’s research function across the UK and European markets, joins QuadReal’s 12-strong team of global research and strategy experts. Based in London, Farhaz will report directly to Rosemary Feenan, […] Posted by: Mya Driver Read more
Europa Capital appoints new ESG Director Aug 22, 2022 Europa Capital, the pan-European real estate investment manager, announces that it has bolstered its Sustainability & Development team with the appointment of Chris Miller-Jones to the newly created role of ESG Director. This appointment further strengthens the business’ sustainability capabilities in line with its strategy of becoming carbon neutral across its operational direct real estate […] Posted by: Mya Driver Read more
UKREiiF’s local economic impact tops £5.5m according to ARUP report Aug 15, 2022 The inaugural UKREiiF event held in May delivered £5.5m of economic benefit according to a report populated by ARUP – one of the events partners. UKREiiF, a major three day event focused on real estate, property, infrastructure and investment, brought together over 4,000 event delegates, with another thousand attendees across the wider city attending fringe […] Posted by: Mya Driver Read more
Tungsten Properties signs transformative £250 million JV funding agreement with BC Partners Aug 5, 2022 Tungsten Properties, one of the UK’s leading industrial and warehouse developers, has signed a transformative joint venture funding agreement with BC Partners, a leading international investment firm, which will provide access to leveraged capital to fund development opportunity acquisitions. The newly formed joint venture company will invest up to £250 million to target single and […] Posted by: Mya Driver Read more
Capita sells real estate and infrastructure consultancy business to WSP in £60m deal Aug 2, 2022 Capita plc (‘Capita’) today announces that it has agreed to sell two real estate and infrastructure consultancy businesses to WSP for £60m on a cash-free, debt-free basis. Taking into account cash-like and debt-like items, Capita expects to receive proceeds of c.£69m at completion. The sale comprises two businesses: Capita Real Estate and Infrastructure (‘REI’) and […] Posted by: Mya Driver Read more
Macquarie Asset Management acquires significant stake in Virtus Data Centres Aug 2, 2022 St Telemedia Global Data Centres (ST Telemedia) has reached an agreement for Macquarie Asset Management, via Macquarie European Infrastructure Fund 7, to acquire a significant minority stake in leading data centre provider VIRTUS Data Centres (VIRTUS). VIRTUS provides colocation and cloud connectivity services to blue-chip clients, including global technology companies and enterprise clients. Its portfolio […] Posted by: Mya Driver Read more
BP to invest £50m in new global battery R&D centre Aug 1, 2022 BP today unveiled plans to invest up to £50 million (around $60 million) in a new, state-of-the-art electric vehicle (EV) battery testing centre and analytical laboratory in the UK. BP has previously announced its intention to invest up to £18 billion in the UK’s energy system by the end of 2030; this additional new investment […] Posted by: Mya Driver Read more
