New £95m maintenance and refurbishment framework Apr 15, 2021 One of London’s most prominent housing trusts is supporting a new £95m Building Maintenance & Refurbishment Services Framework. The four-year agreement, released today (April 15), has been launched by the National Framework Partnership group in conjunction with the Central and Cecil Housing Trust. The framework, which is open to any public sector body, has been […] Posted by: Mark Flanagan Read more
New dawn for nuclear power in the UK – as seven new sites outlined Apr 4, 2022 UK could massively scale up its nuclear power capability by 2050 – with new stations having far greater capacity, it is understood. The Business Secretary has suggested six or seven new sites could be in operation by that point, with all but one of Britain’s existing plants set to be decommissioned by 2030. The PA […] Posted by: Mya Driver Read more
New Real Estate Investment Trust to Target Distressed UK Property Market with £500 Million Initiative May 8, 2024 Former executives of the LXi Real Estate Investment Trust, which integrated with LondonMetric last year, have announced their intention to launch a new fund, the Special Opportunities Real Estate Investment Trust (SOR), next month. Their strategy focuses on acquiring commercial properties from distressed sellers in what they perceive as a near-market low. The launch team […] Posted by: David Gilbank Read more
New Reserved Investor Fund to Boost Town Centre Regeneration May 16, 2024 The new Reserved Investor Fund (RIF) is set to unlock billions for town centre regeneration and achieving net zero targets. The RIF, expected to be available to investors after the Royal Assent to the forthcoming Finance Bill 2024, has garnered widespread industry support. The RIF legislation is advancing quickly through the latter stages of the […] Posted by: David Gilbank Read more
Newcore secures £80m HSBC refinancing deal Oct 22, 2024 Newcore has secured a £40m debt facility from HSBC, comprising of £20m senior loan and £20m revolving credit, in addition to a further £40m accordion facility. The funding will help Newcore with their fifth value-add fund titled Newcore Special Situations V which closed min May with circa £190m in equity contributions. The fund is targeting […] Posted by: Deividas Krupstas Read more
NewRiver REIT Completes £147 Million Acquisition of Capital & Regional, Creating £2.4 Billion Retail Property Portfolio Dec 12, 2024 NewRiver REIT has announced the acquisition of Capital & Regional in a transformative £147 million transaction. This strategic merger establishes a combined property portfolio valued at £2.4 billion in assets under management, reinforcing NewRiver’s position as a leading player in the UK retail real estate market. The combined portfolio comprises 47 retail assets, including 29 […] 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
Nuveen enters UK affordable housing sector in partnership with Preferred Homes Mar 29, 2022 Nuveen Real Estate, one of the largest investment managers in the world, has announced its intention to enter the UK Affordable Housing sector on behalf of the TIAA General Account in a joint venture with Preferred Homes Limited (“PHL”), a for-profit Registered Provider of Affordable Housing, supported by Ashbourne Capital Partners (“ACP”), the UK based […] Posted by: Mya Driver Read more
OakNorth Bank Lends £37m for UK Storage Company Buyout Jun 27, 2023 OakNorth Bank, the neobank for entrepreneurs, by entrepreneurs, has provided a £37m loan to UK Storage Company, one of the UK’s largest independent self-storage providers. Founded in 2005 by Keith and Cathy Taylor, UK Storage Company opened its first site in Bridgwater, Somerset that year, with the site also being used as its headquarters. Its second […] Posted by: Mya Driver Read more
Octopus and Schroders target retirement village developments Apr 20, 2021 Investors Octopus Real Estate and asset managers Schroders Real Estate have formed a Joint Venture to fund retirement villages in partnership with market leader Elysian Residences. The proposals are targeting close to £200m of GDV with the first development planned for Berkhamstead in Hertfordshire later this year. The ongoing investment in the retirement sector is […] Posted by: Mark Flanagan Read more
OnLogistics Acquires Rugby-Based Exact Logistics Jul 11, 2024 OnLogistics, a Solihull-based company specialising in e-commerce and order fulfilment services, has acquired Exact Logistics, based in Rugby. Exact Logistics, founded in 2009 by Adam and Karen Shuter, offers palletised freight delivery services and has expanded to provide final mile distribution for European hauliers, mainly German, and has an in-house customs clearance team. Adam and […] Posted by: Mya Driver Read more
Overhaul for 119 RAAC-Affected Schools Across England with New Funding Grants Announced Feb 9, 2024 The Government has announced a comprehensive plan to address the presence of Reinforced Autoclaved Aerated Concrete (RAAC) in the nation’s school buildings, identifying 234 schools for retrofitting or rebuilding efforts due to the discovery of dangerous concrete panels and beams. Approximately 119 schools will undergo major reconstruction or refurbishment, primarily funded through the School Rebuilding […] Posted by: Mya Driver Read more
