Unite sells £342m portfolio to London student accommodation JV
Unite Students has sold two of its London properties to its London Student Accommodation joint venture (LSAV) with investor GIC for £342m, in a deal reflecting a net initial yield of 4%.
Torsion Developments unveils new PBSA scheme in Leeds
Torsion Developments has revealed plans for a new PBSA scheme in Leeds.
ilke sells £44m of modular homes to Gresham House ReSI LP
Modular homebuilder ilke Homes has sold 153-factory built homes for £44m to Gresham House ReSI LP, a limited partnership investing in new-build shared ownership homes.
CBRE appoints head of residential property management
CBRE has appointed Lendlease asset manager John Coddington as the head of residential in its property management team.
Grace to leave Savills London resi role to launch consultancy
Savills’ head of London residential development Dominic Grace is to leave the business after almost four decades to set up his own consultancy, Property Week can reveal.
May UK commercial property deals more than double year on year
Around £2.6bn of investment was pumped into the UK commercial property market in May, more than double the amount transacted in the same month last year.
PLATFORM_ buys Burberry site in Leeds
Sweet Street site will bring pipeline to 2,500 homes
Auriens mulls country house later-living sites
Luxury later-living provider Auriens is considering a move away from its typical city centre locations, according to its chief executive David Meagher.
Paragon set to finance Avenues residential scheme in Watford
Paragon Development Finance has agreed a £25.5m funding package with Watford Riverwell, a joint venture between Watford Borough Council and Kier Property, to support a new residential development.
Grosvenor calls for planning reform around historic buildings
Retrofitting historic buildings in the UK could reduce the carbon output of the UK’s buildings by 5% according to Grosvenor, which has launched a campaign calling for reforms to align heritage protection with environmental sustainability.
Smartr365 partners with Experian
End-to-end mortgage platform Smartr365 has partnered with global information services company Experian.
Cain loans £170m to Ballymore & Oxley’s Deanston Wharf
Cain International has agreed a £170m development loan with Ballymore and Oxley for the delivery of Deanston Wharf, a 768-unit residential scheme in the Royal Docks, east London.
Modular homes manufacturer takes space in South Yorkshire warehouse
Modular homes manufacturer IDMH has sublet 208,663 sq ft from AB InBev at the Tinsley Industrial Estate in Sheffield.
Bellway figures show strong recovery from Covid
Housebuilder Bellway has issued a positive trading update with figures recovering to pre-pandemic levels.
Joseph Homes sells out Balham scheme
Joseph Homes has announced that it has sold out its Tramyard scheme in Balham.
Atelier makes two credit team hires
Atelier Capital Partners has unveiled an expansion of its credit team as it ramps up lending of development and bridge finance to Britain’s housebuilders within the next year.
Oaknorth lends £50m to Brigid for retirement assets
Oaknorth Bank has provided a £50m loan to Brigid Investments to support the acquisition of approximately 250 newly built and fully occupied rental retirement properties across the UK.
GRAHAM to build Bermondsey student block
Student Urban Living Bermondsey has mandated GRAHAM to build a £13m student accommodation block in Bermondsey Spa Gardens, Southwark, south-east London.
Blend Network funds largest project to date
Lender Blend Network has funded its largest project to date in Dorset.
Developer sought for 2,500-home village in Swindon
A 400-acre rural estate in Swindon with outline planning permission for a new village of 2,500 dwellings is being brought to market.
