Barratt Developments and Redrow Complete £2.5 Billion Merger Oct 7, 2024 Barratt Developments and Redrow have today announced the successful completion of their £2.5 billion merger, following final approval from the UK’s Competition and Markets Authority (CMA). This strategic union creates a new leading force in the UK housing market, with the combined entity to be known as Barratt Redrow. The merger, which has been in […] Posted by: Deividas Krupstas Read more
M&G provides £200 million debt financing to resilient UK logistics and retail warehousing sectors Oct 3, 2024 M&G’s Real Estate Finance team (M&G) announces £200 million of prime refinancing deals in the retail warehousing and logistics sectors, capitalising on resilient tenant and investor demand against a backdrop of constrained supply in core markets. M&G is providing a £50 million construction loan (72.5% LTV) to PineBridge Benson Elliot for the ongoing development of […] Posted by: Deividas Krupstas Read more
Housing 21 reaches 10,000 Extra Care properties with largest ever acquisition Oct 2, 2024 Housing 21 has completed its largest acquisition to date with the transfer of 1,567 properties from Midland Heart. The leading not-for-profit provider of Extra Care and Retirement Living completed the purchase of 23 schemes from Midland Heart, welcoming over 1,600 residents and 137 employees to Housing 21. As a direct result of the acquisition, Housing 21 has now […] Posted by: Deividas Krupstas Read more
Six Local Authorities Join ACCESS UK Core Fund Oct 1, 2024 The ACCESS UK Core Fund has announced the addition of six new local authorities, significantly broadening the participant base in this real estate-focused investment vehicle. Norfolk, East Sussex, Suffolk, Cambridgeshire, Isle of Wight, and Hertfordshire councils have officially joined the fund, reinforcing the trend of Local Government Pension Schemes (LGPS) pooling resources for improved efficiency […] Posted by: Deividas Krupstas Read more
Morrisons Secures £331 Million Property Deal to Bolster Financial Position Sep 27, 2024 Morrisons, the UK’s fifth-largest supermarket chain, has agreed to a major property deal aimed at raising £331 million. This move is part of the company’s ongoing strategy to reduce its substantial debt burden. The deal involves the sale of ground rents on 76 of its stores, providing a significant boost to the supermarket’s efforts to […] Posted by: Deividas Krupstas Read more
GoldenTree Asset Management Acquires abrdn Property Income Trust for £351 Million Sep 27, 2024 GoldenTree Asset Management, the US-based owner of Travelodge, has announced the successful acquisition of abrdn Property Income Trust (API) for a total of £351 million. This significant transaction marks a major development in the UK property investment market and brings API’s managed wind-down process to a close. Under the terms of the deal, GoldenTree will […] Posted by: Deividas Krupstas Read more
LondonMetric acquires six assets in £78m off-market deal Sep 25, 2024 LondonMetric Property has announced the off market acquisition of six single let urban logistics properties for £78.0 million from a FSTE 100 pension fund. The purchase price reflects a blended NIY of 5.8% which rises to 6.9% over the next two years. The Portfolio comprises six high quality properties totalling 526,000 sq ft, located in […] Posted by: Deividas Krupstas Read more
£200m Crosstree and Bloom Joint Venture launched Sep 23, 2024 Crosstree Real Estate Partners has officially expanded into the industrial and logistics real estate sector through a new £200 million joint venture with Bloom. This marks Crosstree’s debut in the growing logistics market, a sector that continues to thrive amidst strong investor demand. The partnership will focus on identifying industrial real estate opportunities across the […] Posted by: Deividas Krupstas Read more
Nest Launches £1bn Investment Platform for UK BTR Sector Sep 23, 2024 Nest, the government-backed auto-enrolment pension provider, has entered into a groundbreaking partnership with Legal & General (L&G) and Dutch pension fund PGGM to drive substantial investment in the UK’s build-to-rent (BTR) sector. This strategic collaboration will establish a £1 billion investment platform aimed at accelerating the development of high-quality rental properties across the country. The […] Posted by: Deividas Krupstas Read more
NewRiver REIT secures funds to table £147m Capital & Regional takeover Sep 19, 2024 NewRiver REIT has raised more than £50m via a share issue to enable them to big for Capital & Regional. The announcement – a cash and share offer – would create a shared portfolio for the businesses of nearly £900m. Newriver said that there was a “strong strategic, operational and financial rationale” for the bid, […] Posted by: Deividas Krupstas Read more
