Edmond de Rothschild REIM snaps up Merlin Wharf for £60m
Edmond de Rothschild Real Estate Investment Management (EDR REIM) has bought its second build-to-rent residential development, the £60m Merlin Wharf in Leicester.
Countryside makes first South West acquisition
Countryside has acquired the Sulis Down scheme on the southern edge of Bath – its first site purchase in the South West. The company will deliver 171 homes on the 16.4 acre site of which 40% will be affordable.
Weston Homes backs down from court battle over controversial Anglia Square
Weston Homes has backed away from its court challenge to housing secretary Robert Jenrick over the development of its controversial £271m Anglia Square scheme in Norwich.
Pre-tax profits at Watkin Jones expected to be ‘slightly below’ last year
Watkin Jones has said its adjusted earnings before interest and taxes could be “slightly below” H1 2020.
Q4 2020 rebound for SME housebuilder lending
The lending market for SME housebuilders rebounded in Q4 2020 after dropping 30% year on year in Q2, data from a real estate finance advisor has revealed.
Watkin Jones sells Leicester student scheme to DFI
Watkin Jones has sold a 462-bed PBSA asset in Leicester to Deutsche Finance International (DFI) for £35.6m, Property Week can reveal.
Countryside gets green light for north-west London scheme
Countryside has received planning approval from the London Borough of Brent for all four phases of Peel in Kilburn, north-west London.
Public view of retirement housing ‘causing perfect storm’ for the sector
The disparity between the public view of retirement living and the actual offering is causing a “perfect storm” for the sector, new research has revealed.
Foxley Group acquires former office site in St Albans
Foxley Group has acquired two grade-II listed former office buildings in St Albans with £7.8m in funding from Paragon.
Sale-and-leaseback surge pushes corporate real estate sales to record high
Corporate real estate sales hit a record high last year as a growing number of firms considered sale-and-leaseback deals in the wake of the pandemic.
Retirement Villages Group unveils £2bn development programme
Retirement Villages Group (RVG) has announced a £2bn investment boost to drive forward its latest sites West Byfleet and Chester and more than 40 other new sites across the UK.
QIP secures £23m refinancing deal with Invesco on student development
Q Investment Partners (QIP) has secured a £23m refinancing of Straits Village, its 300-bed UK purpose-built student accommodation (PBSA) complex in Nottingham.
OakNorth and Ask Partners complete £22m loan for office conversion
ASK Partners and OakNorth Bank have completed a £22m investment loan to fund an office conversion in the West Midlands.
McCarthy Stone receives £200m in forward funding deal
McCarthy Stone has received £200m in forwarding funding from a new joint venture to develop 650 retirement homes.
Shock as Scottish first home fund runs out of steam
Housing leaders have expressed disappointment after the Scottish government’s £60m scheme to help first-time buyers has closed applications just five days after reopening.
Sarah Sands joins Berkeley Group board
Berkeley Group has appointed former Evening Standard editor Sarah Stands as a non-executive director of the company.
Chelsea Barracks wins LEED Platinum certification
Qatari Diar’s Chelsea Barracks has been awarded LEED Platinum certification, Property Week can reveal.
L&Q to ‘fully remediate’ buildings over 18 metres by 2026
One of the UK’s largest housing associations L&Q has announced it will fully remediate all potential fire risks in its building portfolio measuring over 18 metres by 2026.
‘Disconnect’ between post-Covid priorities and housing policy
New properties may not reflect the needs of post-Covid living due to conflicting guidelines in the government’s proposed changes to housing design policy, housebuilder Redrow has warned.
Government figures show increase in energy-efficient new homes
Statistics published by the ministry of housing, communities and local government have revealed a 5% quarter-on-quarter increase in new homes given top energy-efficiency ratings.
