Panattoni Secures £625m loan facility for further UK projects Sep 19, 2024 Panattoni, the largest logistics developer in the UK and Europe, has successfully closed a £625 million development loan facility, which will support Panattoni’s strategic growth in the UK to invest in speculative development. Matthew Byrom, Managing Director at Panattoni remarks ”…this new £625m facility allows us to continue our ambitious growth plans for the UK […] Posted by: Deividas Krupstas Read more
Government announces new Devolution deals across England Sep 19, 2024 Devolution deals have been confirmed for Hull & East Yorkshire, and for Lincolnshire – with Combined County Authorities also set to be established in Lancashire, and Devon & Torbay. The Mayoral elections will be in 2025 if the devolution deals are approved by Parliament. Greater Lincolnshire will receive an additional £24m a year from Government, […] Posted by: Deividas Krupstas Read more
Legal & General announces sale of CALA Group Sep 18, 2024 Legal & General Group Plc (“Legal & General” or “L&G” or the “Group”) today announces that it has agreed the sale of the UK house builder CALA Group (“Cala”) for an enterprise value of £1.35bn, to Ferguson Bidco Limited, an entity owned by funds managed by Sixth Street Partners and Patron Capital. The consideration for […] Posted by: Deividas Krupstas Read more
SEGRO prices £420m of 8-year bonds Sep 18, 2024 SEGRO has announced the pricing of a £420m senior unsecured bond issue for an eight-year term priced at 123 basis points above euro mid-swaps with an annual coupon of 3.5 per cent. The bond issuance was over six times subscribed at peak. The proceeds of the issue will principally be used to refinance existing indebtedness, […] Posted by: Deividas Krupstas Read more
Landsec announced new £350m Green Bond issuance Sep 17, 2024 Landsec’s wholly-owned subsidiary, Land Securities Capital Markets PLC, has launched and priced a £350m Green Bond with a maturity of 10.0 years, paying a coupon of 4.625% and representing a spread of 97 basis points over the reference gilt rate, subject to final legal documentation. The new bond further strengthens Landsec’s financial position and extends […] Posted by: Deividas Krupstas Read more
Urban Logistics REIT secures four assets Sep 17, 2024 Having successfully refinanced its £151m debt facility, FTSE 250 company Urban Logistics REIT has deployed funds to secure four logistics assets totalling £42.4m. The business has replaced its existing £100m term loan and £51m revolving credit facility with a new £140m term loan and £50m revolving credit facility. The four strategic assets will achieve a […] Posted by: Deividas Krupstas Read more
Harworth announces Half Year Results for 2024 Sep 12, 2024 Highlights Lynda Shillaw, Chief Executive of Harworth, commented: “Harworth continues to consistently deliver strong progress against its strategic objectives and we remain on track to reach £1 billion EPRA NDV by the end of 2027. In June we announced that the Group would increase its focus on Industrial & Logistics direct development, with an intention […] Posted by: Deividas Krupstas Read more
Bloor Homes secures outline planning for 650 homes Sep 11, 2024 Housebuilder Bloor Homes has secured outline planning permission to develop 650-homes. The plans for ‘Cheshire Growth Village’ would see the homes built over a 97-acre site alongside village amenities and shops such as retail units. The plans come at a time where the newly elected UK Government focus energy on creating new towns and villages […] Posted by: Deividas Krupstas Read more
Amazon to invest £8bn into UK data centres over 5-years Sep 11, 2024 Amazon and the UK Government has announced plans to invest £8bn into the UK data centres sector over the next five years. The Labour Party, who’ve called in previously rejected data centre applications since taking to office since the General Election, is focusing on the data centre sector to provide an economic boost, and it […] Posted by: Deividas Krupstas Read more
Admiral Taverns acquires 18 pubs from Marston’s PLC Sep 10, 2024 The Board of Admiral Taverns (“Admiral”), the UK’s leading community pub group owned by real estate private equity firm Proprium Capital Partners, is pleased to announce that it has reached an agreement to acquire a portfolio of 18 freehold pubs from Marston’s PLC (“Marston’s”). The portfolio of 18 high-quality wet-led establishments spans the UK, located […] Posted by: Deividas Krupstas Read more
