Madeleine Knight
Madeleine is finance editor at Property Week.
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- News
Tai Calon Community Housing gains new funding for new affordable homes programme
South Wales-based Tai Calon Community Housing has secured a £105m long-term debt refinancing with NatWest Group to support its future development plans.
- News
Capital & Regional raises £25m for The Gyle Shopping Centre acquisition
Capital & Regional, the UK-focused REIT with a portfolio of in-town community shopping centres, has raised £25m through an open offer of shares to part fund the acquisition of The Gyle Shopping Centre.
- News
MCR Property Group completes refinancing for Luton resi scheme
Real estate developer MCR Property Group has completed the refinancing of its Stockwood Gardens residential scheme in Luton, Bedfordshire, under an £11m deal.
- News
Arrow boosts direct lending capabilities in real estate debt with Maslow Capital acquisition
Arrow Global Group, a European asset manager specialising in credit and real estate, has acquired Maslow Capital, a provider of real estate finance, to strengthen its lending opportunities strategy and complement its existing investment activities.
- News
Edmond de Rothschild hires Ball as UK finance and admin lead
Edmond de Rothschild Real Estate Investment Management (REIM) has appointed Simon Ball to lead the finance and administrative functions for its UK business.
- News
Crest Nicholson issues profit warning amid ‘persistently high inflation’
Housebuilding giant Crest Nicholson has lowered its adjusted pre-tax profit guidance to £50m for its year to 31 October 2023, compared to a consensus analysts’ expectation of £72m, amid a backdrop of “persistently high inflation and rising interest rates”.
- News
New seller asking price sees biggest fall since August 2018
Average new seller asking prices have fallen by 1.9% (£7,012) this month to £364,895, the biggest drop in August since 2018, according to Rightmove’s house price index.
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GPE acquires Soho Square Estate with plans for HQ office building
Great Portland Estates (GPE) has acquired King Sloane Properties, which owns the 57,456 sq ft Soho Square Estate, for £70m with plans to develop a new HQ office building.
- News
Watkin Jones sells three PRS assets to enable pipeline growth
Watkin Jones, developer and manager of residential for rent, has sold a portfolio of three freehold private rented sector (PRS) assets to L1 Property, the real estate funds management arm of L1 Capital.
- News
Empiric Student Property continues to increase revenue
Empiric Student Property has reported a 16% jump in revenue to £41.3m for the half year to the end of June, compared to £35.6m for the same period in 2022.
- News
CLAS acquires London and Dublin hotels for £300m to ‘capitalise on travel recovery’
Singaporean real estate investment manager CapitaLand Ascott Trust (CLAS) has acquired The Cavendish London hotel and Temple Bar Hotel in Dublin, and a serviced residence in Jakarta for a combined price of S$530.8m (£306.5m).
- News
Inflation fall welcomed but lenders must ‘double down on a proactive approach’
The UK headline inflation rate has dropped to 6.8% in the year to July, according to data from the Office for National Statistics, which should “allow some positivity to permeate back into the property and lending markets” for now.
- News
Profit boost for LGC as specialist property outperforms wider market
Legal & General Capital (LGC), L&G’s alternative asset platform, has posted a 13% rise in profits to £296m for the half year to 30 June.
- News
Valor agrees to pay £146m for Lothbury's west London industrial estate
Valor Real Estate Partners has agreed terms to buy the Tera 40 industrial estate in Greenford, west London from Lothbury Investment Management for around £146m.
- News
CBRE appointed to sell UK cinema portfolio
CBRE has been appointed to sell a portfolio of eight cinemas comprising two luxury boutique Tivoli cinemas, five multiplex cinemas and one standalone cinema.
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Citi Private Bank acquires Kia office HQ from abrdn
Kia UK’s headquarters in Surrey has been sold by abrdn to Citi Private Bank, a subsidiary of banking conglomerate Citigroup, and its private investor client.
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Investec provides £122m development loan for Unilever’s new HQ
Investec Real Estate has provided private equity real estate firm LCN Capital Partners (LCN) with a £122m development loan for Unilever’s new global headquarters in Kingston upon Thames.
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Brookfield urges Center Parcs bidders to form consortium to buy business
The owner of the Center Parcs UK holiday villages is negotiating with the three remaining bidders for the business – GIC, Antin Infrastructure Partners and KSL Capital Partners – in the hope they will form a consortium to buy it after no formal offers were made by the second-round bid ...
- News
Stonewater secures £200m investment for affordable and lower-carbon homes
Housing association Stonewater has secured £200m in funding from Lloyds Bank to support its ongoing development programme.
- News
Property stocks drop as market is ‘spooked’ by new GDP data
UK property stocks dropped this morning as gross domestic product (GDP) data showed that the UK economy grew by 0.2% in Q2 and by 0.5% in June, giving the Bank of England more leeway to hike rates further – which experts said is bad news for property.