All articles by Sally Hickey – Page 9
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Online
Puma Property Finance completes £70m worth of loans in December
Puma Property Finance completed four real estate loan facilities in December, totalling £70m.
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Beaufort completes facility for £25m 48-home Surrey development
Real estate lender Beaufort has completed a facility to help fund the acquisition and development of 48 high-quality family homes in Caterham, Surrey.
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Grainger acquires 231-home Bristol development for £63m
Grainger has acquired a 231-home forward fund build-to-rent development in Bristol for £63m.
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News
Aviva reveals rationale behind sustainable loan framework
Aviva Investors’ Gregor Bamert hopes green lending initiative will provide a blueprint for other lenders
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HUB and Bridges acquire two Leeds sites for £12m
Developer HUB Group and impact investor Bridges Fund Management have acquired two sites in Leeds for £12m.
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M&G Investments agrees £25m facility for EastendHomes
M G Investments has agreed a £25m funding facility with EastendHomes to build 142 new homes in east London.
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Macquarie sells Tavis House for £33.1m
Macquarie Capital Principal Finance has sold Tavis House in London to private equity group HIG Capital for £33.1m.
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Change in leasehold rights put forward by government
Leaseholders will be given the right to extend their lease by 990 years at zero ground rent, the government has announced.
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RICS does not recommend material uncertainty clauses during third national lockdown
The Royal Institution of Chartered Surveyors (RICS) has said that it does not support a return to material uncertainty declarations as seen in the first Covid-19 lockdown.
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Glenhawk announces two promotions
Challenger lender Glenhawk has announced two new promotions as part of it plans to target £500m in lending by 2022.
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Lone Star pulls £3bn sale of residential property firm
US private equity group Lone Star has backed out of the sale of its UK residential property firm, blaming the effects of the pandemic.
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Connells ups stake in Countrywide
Connells has bought Schroder Investment Management’s stake in Countrywide after agreeing a takeover for the estate agency earlier this week.
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Dominvs Group secures almost £70m for two flagship UK hotels
Real estate development and investment group Dominvs has secured almost £70m of funding from Coutts and Clydesdale Bank for two new flagship hotels in the UK.
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Best Western offers hotels to NHS for Covid-19 support
Best Western has offered its hotels to the NHS as Covid-19 hospital admissions continue to rise.
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Lord Sugar joins Caffe Nero landlord revolt
Apprentice star Alan Sugar has joined the landlord-led revolt against Caffe Nero’s CVA, according to Sky News.
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Shoe chain descendant criticises Clarks’ strategy
Struggling shoe chain Clarks failed to “move fast enough into the 21st century” and the family owners are “ultimately to blame” for the lack of investment in the firm’s future, a descendant of the family has said.
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Hong Kong investor builds 4.2% stake in Cap & Regional
A Hong Kong-based activist investor has built up a 4.2% stake in Capital Regional.
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Online
UKCM acquires Devon ASDA for £16.6m
UK Commercial Property REIT has acquired an ASDA supermarket in Devon for £16.6m.
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Online
Maslow Capital completes two resi deals totalling £51m
Real estate development finance provider Maslow Capital has financed two residential schemes in the south of England, totalling £51m.
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Matalan completes sale and leaseback of HQ to founder
Matalan has completed the sale and leaseback of its head office in Liverpool to a company owned by its founder.