Built Environment Networking Blog: National News

Government launches British Infrastructure Taskforce

Private finance experts met the Chancellor at No11 Downing Street today to boost investment in infrastructure and drive growth nationwide. Rachel Reeves convened the inaugural meeting of the British Infrastructure Taskforce as part of a new approach that involves government working with business to design policy that will unlock private investment, including by building business […]

Posted by: Deividas Krupstas

Read more

Government offers £150m self-build incentive

The government hopes its new ‘Help to Build’ initiative, supported by more ‘£150m new funding’, will make it easier and more affordable for people to build their own homes, the Housing Secretary Robert Jenrick announced over the weekend. The scheme is designed to ensure self and custom home building can become a realistic option to […]

Posted by: Mark Flanagan

Read more

Greater Manchester Pension Fund joins Henley Investment Management’s Secure Income Property Unit Trust

Henley Investment Management (“Henley”), the international real estate investment and fund management firm, announces that Greater Manchester Pension Fund has committed to their Secure Income Property Unit Trust II (SIPUT II), a fund focused on UK social housing, generating secure income returns through real estate while also creating significant social value. The Greater Manchester Pension […]

Posted by: Mya Driver

Read more

Greykite completes £60m add-on acquisition for uk single-family rental platform

Greykite European Real Estate Fund I and Gatehouse Investment Management, on behalf of their recently launched £750 million Joint Venture, have acquired a second portfolio of purpose-built single-family rental (SFR) homes from leading housebuilder Persimmon Homes. Located on established housing developments with strong transport links and local amenities, the six-site portfolio totals more than 200 […]

Posted by: Deividas Krupstas

Read more

Greystar secured £600m debt facility from quartet of lenders

Greystar, a global leader in the investment, development, and management of high-quality rental housing, today announces the close of a circa £600 million debt facility, secured through a consortium of four lenders: Standard Chartered Bank (SCB), First Abu Dhabi Bank (FAB), Oversea-Chinese Banking Corporation (OCBC), and Emirates NBD (ENBD) for the Bermondsey Project, a transformative […]

Posted by: Mya Driver

Read more

GXO Bolsters UK Logistics Presence with Wincanton Acquisition

GXO Logistics, Inc. has finalised its acquisition of Wincanton plc. The completion of the acquisition, effective immediately, positions GXO as the sole shareholder of Wincanton. Shareholders of Wincanton are poised to receive consideration of 605 pence per share, with the scheme record time set at 6:00 p.m. BST on April 26, 2024. Malcolm Wilson, CEO […]

Posted by: David Gilbank

Read more

Hammerson raises £330m in exiting retail park sector

Real Estate investors Hammerson has sold the remainder of its retail parks to Canadian asset management firm Brookfield. The £330m cash deal, involving seven locations, follows on from three other minority share sales and takes the gross value of its 2021 disposals to £403m. The money will be used to pay down the company’s debt, […]

Posted by: Mark Flanagan

Read more

Harris family and Kings Park Capital acquire The Inn Collection Group

Leading pubs with rooms operator The Inn Collection Group has been acquired by a new company backed by The Harris Family Trusts together with Kings Park Capital. Alchemy initially invested in ICG in 2018 when it comprised seven sites in the North East of England. Since then, Alchemy has proactively supported ICG Group Managing Director […]

Posted by: Mya Driver

Read more

Harworth announces Half Year Results for 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