All Banks & lending articles – Page 3
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Online
Investec provides £80m loan for Norton’s Suffolk distribution centre
Investec Real Estate has provided Norton Group with an £80m financing package to fund the development of a distribution centre in Suffolk.
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Online
Sandyford secures £20m Barclays debt facility in drive to double portfolio
UK multi-let industrial property company Sandyford Properties has secured a £20m, five-year revolving credit facility with Barclays to fund acquisitions, as the group looks to more than double its portfolio over the next five years.
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Online
Tritax Big Box REIT agrees £500m RCF
Logistics group Tritax Big Box REIT has agreed a £500m sustainability-linked unsecured revolving credit facility (RCF) with a syndicate of its existing relationship banks and new lenders.
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Online
GPE agrees £250m lending deal
Great Portland Estates (GPE) has signed a new £250m unsecured loan with three existing relationship banks.
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Online
Schroder European REIT refinances Dutch assets
Schroder European REIT has completed a €13.8m (£12m) five-year debt refinancing secured against a five-asset Dutch industrial portfolio.
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Online
Related Argent agrees £243m loan on north London BTR scheme
Related Argent has agreed a £243m loan with ICG Real Estate for the development of a build-to-rent (BTR) scheme in Tottenham Hale, north London.
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Insight
Big interview with CapitalRise CEO, Uma Rajah: Setting a prime example in London
Uma Rajah, CEO of specialist lending exchange CapitalRise, tells Property Week why her firm is well placed to seize the opportunities offered by the largely recession-proof luxury London housing market.
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Online
UBS scraps Grant Thornton sublease as it moves Credit Suisse staff out of Canary Wharf
UBS has cancelled its deal with Grant Thornton to sublease nearly 105,000 sq ft to the accountancy firm as the Swiss investment bank starts moving Credit Suisse staff from Canary Wharf to its City of London HQ.
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Online
Vida hires Smith as national account manager
Specialist homes lender Vida has hired Oliver Smith as national account manager.
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Online
Quintain completes refinancing for Wembley Park
Quintain has agreed a £780m refinancing of its Wembley Park scheme with lenders JP Morgan and Cheyne Capital.
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News
Lenders seek shadow licences
Everyone knows lending criteria are tougher now than they have been for some time.
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Online
Select secures finance deal for resi development in Manchester
Select Property has agreed a £128.5m finance deal with Maslow Capital to fund the development of a residential scheme in Manchester’s Northern Quarter.
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Online
Housing Growth Partnership invests £18m to fund new Midlands homes
Lloyds-backed equity investor Housing Growth Partnership (HGP) has invested £17.7m of equity across seven housing schemes in the Midlands since the start of 2023.
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Online
House prices register largest fall in 14 years, Nationwide finds
The average UK house price fell in August at the sharpest annual rate seen in 14 years, according to the Nationwide Building Society.
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Online
House sale completions expected to be lowest since 2021
The number of home sales taking place across the UK this year is on track to be around a fifth lower than in 2022, according to property portal Zoopla.
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Online
AshbyCapital refinances £50m retail park
AshbyCapital has refinanced two of its retail parks with a three-year, £50m loan facility provided by Deutsche Hypo.
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Online
Chase New Homes secures £26m Paragon Bank finance package
Chase New Homes has secured a £26m finance package from Paragon Bank’s development finance division to support its 170-unit housing scheme in Saffron Walden, Essex.
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Online
InterBay closes buy to let lending deal
InterBay has completed a remortgage deal allowing a property investor to pay off its development loan on 28 units above a retail parade in Hemel Hempstead.
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Online
Aviva Investors provides additional £57m loan to Urban Logistics
Aviva Investors has agreed an additional £57m in sustainable transition financing to Urban Logistics REIT.
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Online
Housing Growth Partnership invests £13m in Manchester BTR scheme
Housing Growth Partnership (HGP) has committed £13m to a joint venture with McGoff Group to deliver the new Downtown Victoria North build-to-rent scheme in Manchester.