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Property Week Finance - Banks and Lending

News and features about lending to the property sector.
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Latest BANKS AND LENDING news

Finance

Picton extends credit facility

22 June 2017

Picton Property Income, the property investment company, has extended one of its revolving credit facilities (RCF) with Santander Corporate and Commercial Banking.

Central London

Four-fifths of lenders expect to increase loan books in 2017

9 June 2017

More than 80% of lenders intend to increase their property loan books this year, the latest research from Savills reveals.

Cheesegrater

Bank of China, HSBC & ING complete UK's largest real estate financing

8 June 2017

Bank of China (Hong Kong), HSBC and ING Bank closed the UK’s largest real estate financing deal when they jointly acted to secure the financing for CC Land’s £1.15bn acquisition of the Cheesegrater earlier this year.

Metro Bank

Metro Bank snaps up buy-to-let mortgages from Cerberus

2 June 2017

Metro Bank has completed the purchase of a portfolio of UK mortgages from Cerberus for £596.7m

Students

Uliving finances student development with bond

2 June 2017

Uliving has financed a new £67.5m student accommodation development for the University of Essex using an index-linked wrapped bond placement.

Luke Townsend

Zorin has Vision for £26m loan

2 June 2017

Zorin Finance has completed its largest loan to date - providing £26m to developer Vision Homes.

Finance

Wellesley targets larger loans to avoid losses

31 May 2017

Under pressure peer-to-peer lender Wellesley Group has changed its business model to focus on larger development loans in a bid minimise potential losses.

Finance

Topland on track to hit £400m lending target

30 May 2017

Topland Group’s structured finance division has kicked off 2017 by issuing £75m of mainly commercial property loans in the first quarter as it looks to establish itself as “a challenger bank”.

Property Companies

Andrew Jones

LondonMetric sells in Marlow for £68.5m

27 June 2017

LondonMetric has sold its last remaining office asset in Marlow to Kildare Partners for £68.5m, netting an £18m return on its investment in the scheme it bought five years ago.

More property company financial news



Fund Management

Student accommodation

New JV targets student sector

16 June 2017

Europa Capital Partners and Generation Estates have formed a joint venture called Europa Generation to manage a new UK student accommodation fund.

More property fund management news

Mergers and Acquisitions

Holland and Barrett

Russian billionaire buys Holland & Barrett for £1.8bn

26 June 2017

Mikhail Fridman’s investment vehicle L1 Retail has agreed to buy health-food retail chain Holland & Barrett from private equity owner Carlyle Group for about £1.8bn.

More news on property firm mergers and acquisitions