All articles by Frances Ivens – Page 6
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Online
Pluto agrees £35m loan for 216-unit Ashford scheme
Pluto Finance has agreed a £35m stretch senior residential loan to Elevate Property Group for a new 216-unit apartment scheme in Ashford, Kent.
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London tops Knight Frank's City Wealth Index 2019
London has regained its position as the most attractive city for ultra-high-net-worth individuals (UHNWI) according to Knight Frank’s 2019 Wealth Report.
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Notting Hill serviced apartment building sells for £25m
A Notting Hill serviced apartment building has sold for £25m reflecting an initial yield of 2.8% - a record for trading serviced apartments.
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Stanhope and AFIAA launch Gresham St Paul's
Stanhope and the Swiss Investment Foundation AFIAA have launched a new City office building, Gresham St Paul’s, at 40 Gresham street.
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Watkin Jones buys Woking site for resi development
Watkins Jones has secured a site in Woking to develop 350 build-to-rent apartments.
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Planning permission granted for Mayor's first Small Sites, Small Builders programme
Barnet Council has granted planning permission for 97 new homes at Beechwood Avenue, the first project in the Mayor of London’s Small Sites, Small Builders programme.
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280 football pitches of warehouse space needed to support new homes
At least 280 football pitches worth of warehouse space will be needed to support the government’s target for 300,000 new homes, a report by the British Property Federation has revealed.
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Capital & Regional appoints Wetherly as permanent finance director
Capital Regional has appointed Stuart Wetherly as executive director and group finance director.
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OakNorth agrees £16.7m loan for London resi developments
OakNorth has agreed a £16.7m loan to Westcombe Group to develop residential properties in London.
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Sourced buys Manchester's Regent Plaza
Sourced has acquired Manchester’s Regent Plaza for £150m.
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Countrywide fined £215,000 for failing to comply with money laundering regulation
Countrywide has been named by the government in a list of businesses that have been fined for failing to comply with 2017 money laundering regulations.
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Online
LK Bennett files for administration
LK Bennett has filed for administration putting its 130 UK and international stores, and around 500 jobs, at risk.
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Oaktree's PegasusLife appoints new chief executive
PegasusLife Group has appointed Mark Dickinson as chief executive of the retirement living company.
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Bromford housing association agrees £100m private placement
Bromford housing association has secured £100m from five North American investors through a private placement.
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Telford pivots to focus on BTR
Telford Homes has said build to rent is expected to make up more than half of its development pipeline by the end of the year as the houebuilder increases its focus on the sector.
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Bovis sees revenue climb 3.2%
Bovis Homes has announced a 3.2% rise in group revenue to £1.06bn for 2018 as profit soared 47% to £168.1m.
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UK property fund managers open continental offices ahead of Brexit
UK real estate fund managers have been setting up bases in continental Europe in preparation for Brexit to ensure that they can still market their funds in the EU.
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One Angel Court fully let after a succession of deals with new tenants
Mitsui Fudosan UK and Stanhope’s City of London office building One Angel Court is now fully let after a string of lettings totalling 60,000 sq ft.
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Fitch warns of Brexit redemption risk
Fitch Ratings has warned that while cash levels in open-end property funds are “marginally better than in mid-2016”, they are not high enough to prevent funds from imposing withdrawal restrictions in the event adverse Brexit developments in the coming weeks.
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M&S and Ocado set to sign deal
Marks Spencer and Ocado are set to sign a £900m deal giving M S a food delivery service for the first time.