All Property Week articles in 26 May 2023 – Page 3
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FDC secures £30m following year of record lending to SMEs
Frontier Development Capital (FDC) has raised a further £30m from existing investors West Midlands Pension Fund and British Business Investments after completing a record year for investment.
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Kajima promotes Karia to finance director
Pan-European real assets business Kajima has appointed Anuja Karia as finance director at Kajima Properties (Europe) and Kajima Student Housing.
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British Land launches Innovation Advisory Council to support life science and innovation growth
British Land has established an Innovation Advisory Council of five leading academics and executives who will advise it on the development of 1.9m sq ft of lab and innovation space.
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Hilltop Credit Partners completes £19.6m in regional homes loans
Funds advised by real estate credit investment manager Hilltop Credit Partners have completed two loans, totalling £19.6m, to support the development of regional homes in Oxfordshire and Perthshire.
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Newcore Capital secures £190m final close for UK social infrastructure real estate fund
Newcore Capital, a UK social infrastructure real estate investment manager, has secured £190m in equity commitments for Newcore Strategic Situations V (NSS V), a close-ended vehicle with a life spanning over seven years.
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Sovereign Centros wins outline approval to revamp Glasgow’s St Enoch centre
Property developer and asset manager Sovereign Centros has secured outline planning approval to redevelop The St Enoch Centre in Glasgow as a mixed-use scheme including offices, cultural space, a hotel and housing.
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US private equity firm Apollo to acquire United Living Group
Private equity firm Apollo, headquartered in New York, has entered into a definitive agreement to acquire United Living Group, a provider of infrastructure, social housing maintenance and construction services, as it sees opportunities for investment across the UK.
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Labour’s cut-price land sale plans divide industry
The Labour Party’s plans to force landowners to sell plots at lower prices to local authorities have divided industry experts.
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Diocese of Oxford appoints Orme as director of property
Sophie Orme has been appointed as the new director of property at the Church of England’s Diocese of Oxford.
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Harcus Parker vows to continue legal fight against Home REIT
Law firm Harcus Parker has vowed to continue with its legal action against Home REIT, despite the social housing provider blaming its woes on a former adviser.
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Promoted Luton Town FC vows to submit new stadium plans before August
Premier League-bound Luton Town FC has pledged to submit detailed plans for a new 23,500-seater stadium, 1,200 new homes and leisure, food and beverage and retail features, before the start of the new season.
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Turley appoints Bell as chief executive
Stephen Bell has been appointed as chief executive of planning and development consultancy Turley, taking over from Dave Trimingham, who is moving to a new position as executive chair.
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Clearbell fund snaps up six UK sheds for £34m
Clearbell Capital’s Property Partners IV fund has acquired six regional industrial assets from Palace Capital for £34m, in a deal reflecting a 6.2% net initial yield.
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Pets at Home set to open 40 new stores
Pet care and veterinary services group Pets at Home said it planned to invest in 40 new stores in the medium term, as it announced record sales of £1.4bn for the year to 30 March.
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Asda to acquire EG Group’s UK petrol stations and stores in £2.27bn merger
Asda Group has acquired business EG Group’s UK and Ireland 350-plus petrol filling stations and 1,000 food-to-go convenience stores in a £2.27bn merger deal.
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Brunswick agrees pair of new leases at Chiswick office campus
Brunswick Property Partners, acting on behalf of its £1bn Akoya workplace vehicle, has secured two leases for around 18,000 sq ft at the recently refurbished Power Road Studios creative office campus in Chiswick, West London, Property Week can reveal.
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Home REIT blames investment adviser for woes following internal investigaton
The board of under-fire social housing group Home REIT has claimed investment adviser Alvarium did not inform it of problems with its portfolio, following an internal probe into alleged wrongdoings.
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LendInvest sells BTL portfolio for £243m
LendInvest has sold a portfolio of buy-to-let residential mortgages to Chetwood Financial for £243m.
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Sirius agrees early new lending deal
Sirius Real Estate has agreed an early refinancing of the company’s next major debt expiry with German lender Deutsche Pfandbriefbank.
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Quintain and FORE Partnership sign up to new Healthy Homes Checklist
Ekkist, wellbeing consultancy for the built environment, has launched a new Healthy Homes Checklist, with developers Quintain and FORE Partnership among the first to sign up.