Latest Finance News
Berkeley claims London exodus during pandemic will not last as annual profit nudges up
Upmarket housebuilder Berkeley has dismissed the current boom in demand from buyers looking for larger homes outside London during the pandemic claiming it does not “represent a permanent structural shift”.
Greystar launches new €1bn venture
Greystar has launched a new ‘develop-to-core’ venture with an unnamed global institutional investor focused on funding purpose-built and designed multi-family rental housing across Germany and Austria.
Glenhawk brings in tech firm to drive loan book growth
Challenger lender Glenhawk is working with software vendor Finastra, to develop technology to drive customer engagement and support its loan book growth ambitions.
Harworth wins planning for 1m sq ft Bolton logistics scheme
Regeneration specialist Harworth Group has secured planning approval for the development of up to 1.1m sq ft of logistics and manufacturing space at its site in Wingates, Bolton.
Monument secures debt finance from M7 for Newcastle acquisition
Monument Real Estate has secured more than £5m from M7 Capital (M7C) for its purchase of 1-2 Cathedral Square, a mixed-use building in the centre of Newcastle.
GLP expands European fund to target £3.4bn of assets
GLP is set to grow GLP Continental Europe Development Partners I (GLP CDP I) fund and is now targeting €4bn (£3.4bn) of assets under management (AUM).
Silbury lends £54m on three residential schemes
Silbury Finance has agreed loans totalling £54m to fund the development of three residential schemes in High Wycombe, Rochester and Stoke Newington.
Brickflow teams up with MASS Reports
UK development finance search engine Brickflow has partnered with site feasibility specialist MASS Reports in a bid to address planning and funding issues.
‘Enormous’ bidding wars at Auction House London June sale
Buyers at Auction House London’s latest sale engaged in “enormous” bidding wars for properties in the Home Counties, according to auctioneer Andrew Binstock..
Barwood and Caisson form JV to buy up MLI assets
Barwood Capital and Caisson Investment Management have formed a joint venture with plans to acquire up to £40m of multi-let industrial assets in the UK’s regions following its first close, Property Week can reveal.
Duo set up bridge-lending business GRE Finance
A new bridge-lending business, GRE Finance, has been launched with backing from specialist property funder ASK Partners.
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.
All eyes on Aegon after Aviva winds up UK property fund
The decision to close vehicle ‘consistent with simplification strategy and focus on innovative, scalable solutions’.
Property Funds
GLP expands European fund to target £3.4bn of assets
GLP is set to grow GLP Continental Europe Development Partners I (GLP CDP I) fund and is now targeting €4bn (£3.4bn) of assets under management (AUM).
Zorin enters North East England market
Zorin Finance has made its first investment in the North East of England following an £11m loan to a local developer.
PW Share Index
Review the latest share prices of the FTSE-listed property investment companies using data provided by the European Public Real Estate Association.
