Social rented flats planned for Glasgow Sep 13, 2022 Morris & Spottiswood and Mast Architects propose to deliver a block of flats between garages and an existing block of tenements at 17 South Annandale Street, Glasgow. Plans involve a four-storey building with laurel hedges planted at street level and communal gardens with cycle and bin stores. The 0.89-hectare site has lain empty for 20 years. […] Posted by: Mya Driver Read more
SSE announce £4bn investment plans – creating 850 jobs Dec 2, 2021 Energy giant SSE has unveiled £4 billion investment proposals that will create more than 850 jobs in its distribution business. Scottish and Southern Electricity Networks (SSEN) Distribution, which is owned by SSE, aims to boost its investment by around a third in the north of Scotland and central southern England for the next price control period between 2023 […] 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
Standard Life completes £114 buy-in with the Vector Pension Scheme Feb 15, 2024 Standard Life, part of Phoenix Group, has concluded a £114 million Bulk Purchase Annuity (“BPA”) transaction covering c. 1,800 members of the Vector Pension Scheme (“the Scheme”), which is sponsored by Vector Industries Limited. This is a full scheme bulk purchase annuity arrangement which completed in November 2023. XPS Pensions Group (“XPS”) acted as the […] Posted by: Mya Driver Read more
Standard Life completes £250m buy-in with the Finning Pension Scheme Feb 12, 2025 Standard Life, part of Phoenix Group, has successfully concluded a £250m Bulk Purchase Annuity transaction with the Finning Pension Scheme, which is sponsored by Finning (UK) Ltd., a Caterpillar machinery dealership. This full scheme buy-in transaction, which completed in December 2024, covers all c. 2,170 members of the Scheme. The Trustee and sponsor collaborated closely […] Posted by: Deividas Krupstas Read more
Standard Life completes £880m buy-in with the Rolls-Royce & Bentley Pension Fund Jun 27, 2024 Standard Life, part of Phoenix Group, has concluded a £880 million Bulk Purchase Annuity (“BPA”) transaction with the Rolls-Royce & Bentley Pension Fund which is sponsored by Bentley Motors Limited. This is a full scheme buy-in transaction covering c. 6,000 members of the Scheme. The buy-in included novation of the Scheme’s existing longevity swap with […] Posted by: David Gilbank Read more
Stellar line-up to debate government agendas at UKREiiF event Apr 15, 2021 The Government’s Build Back Better initiative and the levelling up agenda are the two main themes of UKREiiF’s second webinar discussion to be held next week (April 20). In the run up to the main course – the three-day UKREiiF conference and networking in Leeds next May – the event’s organisers are laying on monthly […] Posted by: Mark Flanagan Read more
Stonewater Secures £254m Funding Deal with Multiple Lenders May 2, 2024 Savills Financial Consultants has facilitated Stonewater in finalising a £254 million funding arrangement with five lenders to bolster its investments in new and existing affordable housing projects. The funding, sourced from both existing backers like Barclays, NatWest, and Nationwide, as well as new partners ABN AMRO and HSBC, marks a significant step for Stonewater, a […] Posted by: David Gilbank Read more
Supermarket Income REIT looks to raise £175m to fund deals Apr 7, 2022 Supermarket Income REIT said it intends to raise £175m to buy some of its near-£600mln pipeline of supermarket properties. The real estate investment trust, which invests in omnichannel supermarket properties, set the issue price for the placing at 121p per share, a 4.3% discount to the last closing price and a 7.1% premium to its last reported EPRA net […] Posted by: Mya Driver Read more
TAB Gains £300m Financial Backing from NatWest in a Strategic Securitisation Deal Oct 24, 2023 In a recent move to strengthen its position in the real estate finance and investment sector, TAB has successfully secured a securitisation facility valued at £300m from banking giant, NatWest. This deal is set to amplify TAB’s offerings, specifically in bridging and mortgage products. Assisting in this venture, Atalaya Capital Management has stepped in to […] Posted by: Mya Driver Read more
Target Healthcare REIT completes new acquisition – taking quarterly investment to £170m Dec 20, 2021 Target Healthcare, the UK listed specialist investor in modern, purpose-built care homes, announces that it has completed the acquisition of a major portfolio of 18 operational modern care homes. Combined with the previously noted acquisition of a pre-let development site in Weymouth, the Group’s total investment during the quarter has been £173 million including costs. […] Posted by: Mya Driver Read more
Tarmac announced as UKREiiF Net Zero Partner Jan 24, 2022 At the inaugural UKREiiF event in Leeds between 17 and 19 May 2022, Tarmac will headline the Net Zero Demonstration Stage Tarmac, the UK’s leading sustainable building materials and construction solutions business, has been confirmed as a Net Zero Partner for the UK’s Real Estate Investment and Infrastructure Forum’s (UKREiiF) inaugural event. The company is […] Posted by: Mya Driver Read more
