All Banks & lending articles
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OnlineRabobank puts HQ move on hold and extends lease
Rabobank has shelved plans for its 90,000 sq ft HQ at HB Reavis’s Bloom scheme and is arranging a short-term extension to the lease at its current site.
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Online
Urban Exposure appoints non-executive director as firm plans to wind down
Urban Exposure has appointed Graham Warner as an independent non-executive director with immediate effect.
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Online
Grainger issues £350m bond as it continues to realign debt profile
Grainger, the UK’s largest listed residential landlord, has issued a £350m bond as part of its strategy to extend it debt profile.
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Online
Shiva Hotels secures £230m loan for Marylebone hotel
Shiva Hotels Group has secured a £230m development financing package from Cale Street Investments to fund its 199 room luxury hotel in Marylebone, London.
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Online
Intu set to collapse into administration
Shopping centre giant intu is set to call in administrators following a collapse in talks with creditors to rescue the company.
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Intu confirms Friday deadline on rescue talks
Intu has confirmed is has until Friday to save the UK’s largest shopping centre operator from a collapse into administration, as revealed by Property Week yesterday.
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OakNorth Bank partners with Opes Financial Partners on £32.7m loan
OakNorth Bank has completed a loan of £32.7m with Opes Financial Partners to a property investor for the acquisition of four properties in London.
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Nationwide trebles level of minimum deposit it requires from first time buyers
Nationwide has trebled the level of minimum deposit it requires from first time buyers, citing “these unprecedented times and an uncertain mortgage market”.
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News
Berkeley chief slams BoE and government as ‘too cautious’
Rob Perrins is calling for the government to reduce stamp duty and the Bank of England to relax mortgage rules.
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Online
Lloyds Bank prepares to reduce office footprint
Lloyds Banking Group is exploring options to shrink its UK office footprint in anticipation of more staff working from home after the Covid-19 lockdown.
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LGIM provides £100m long-term loan to affordable housing group
Legal General Investment Management Real Assets (L G) has provided £100m in deferred long-term financing to Bromford Housing Group, the largest provider of affordable homes across Central and South West England.
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Online
Bank lending to construction SMEs drops 26%
Bank lending to small medium enterprises (SMEs) in construction dropped 26% year on year for the month of April, according to accountancy group UHY Hacker Young.
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Lloyds launches new web tool for its green lending initiative
Lloyds Bank is to launch software at the start of July to help SMEs and private investors access itsgreen lending initiative.
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Online
Picton agrees £50m credit facility
Picton has agreed a new £50m revolving credit facility (RCF) to replace two existing facilities that were due to expire this month.
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Pluto Finance announces new funding scheme for PRS landlords
Specialist lender Pluto Finance has launched a new lending product for professional landlords in the UK’s private rental sector.
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Online
Paragon lends almost £12m to EquaGroup for West London resi scheme
Residential developer EquaGroup has secured am £11.8m loan from Paragon Bank to assist with the acquisition of a site known as Ironbridge House in Hanwell and its subsequent conversion into 57 residential apartments.
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Online
Paragon agrees £18m loan to Halsbury Homes
Paragon Bank is providing an £18m funding package to Halsbury Homes to fund 81 detached houses at St George’s Park in London.
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Online
CBRE boosts debt team with two appointments from JLL
CBRE has appointed Chris Gow as an executive director in its debt and structured finance team.
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FirethornTrust agrees £22m loan to fund Northampton logistics scheme
FirethornTrust has agreed a £22m debt facility with Federated Hermes to finance the construction of a 325,000 sq ft logistics scheme at Milton Ham, near Northampton.
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News
Asset managers raised more than €200bn in 2019 to invest in property
Asset managers raised more than €200bn (£175bn) in 2019 to invest in real estate – up 24% on the amount raised in 2018.
