Latest Finance 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.
West End market ‘picking back up’ with £1bn under offer
Over £1bn of deals are under offer in the West End as the market shows signs of recovery, while office availability has exceeded £4bn to reach the highest volume this year to date.
C&W refinances $1.4bn of debt
Global real estate giant Cushman &Wakefield (C&W) has secured a $1bn (£793.5m) refinancing loan and closed the offering of $400m of its senior secured notes to strengthen its ability to deliver on its strategic priorities.
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.
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.
Urbanite secures £19m finance facility for Glasgow PBSA scheme
Purpose-built student accommodation (PBSA) developer Urbanite Living has secured an £18.85m finance facility from Paragon Bank for a student accommodation scheme in Glasgow.
AshbyCapital refinances £50m retail park
AshbyCapital has refinanced two of its retail parks with a three-year, £50m loan facility provided by Deutsche Hypo.
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.
Bromford and LGIM co-create sector-first £50m funding partnership
Legal & General Investment Management (LGIM) has agreed a £50m funding deal with social housing group Bromford.
Home REIT moves to take control of leases following approval to ditch homelessness commitment
Social housing provider One CIC has agreed to surrender its leases on 100 properties to Home REIT following this week’s shareholder approval for the group to ditch its commitment to easing homelessness.
WeWork collapse poses £3bn threat to UK landlords
British landlords could lose more than £3bn if WeWork, London’s biggest private occupier, collapses.
UK hotels bounce back from Covid with strong revenue growth
Hotels in the UK are experiencing a post-Covid rebound, according to new research from Knight Frank.
Home REIT secures shareholder backing over ditching pledge to house homeless
Home REIT has won support from shareholders to shift its investment focus from providing accommodation for the homeless in an effort to restore its rental income.
NAV dips at abrdn European Logistics Income
Net asset value (NAV) at abrdn European Logistics Income’s portfolio dipped 2.6% in the quarter to the end of June.
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.
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.
Gleeson appoints new sales director
Gleeson Homes has appointed Steve McElroy to the newly created role of group sales director.
AshbyCapital refinances £50m retail park
AshbyCapital has refinanced two of its retail parks with a three-year, £50m loan facility provided by Deutsche Hypo.
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.
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.
Aviva Investors provides additional £57m loan to Urban Logistics
Aviva Investors has agreed an additional £57m in sustainable transition financing to Urban Logistics REIT.
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.
US rate hike emphasises UK is far from ‘out of the woods’
Experts from both sides of the pond say predicting where interest rates will peak and if they’ll fall again is key.
Regulators recommend exit fees for hard-to-sell assets
Fund managers investing in property should charge clients for withdrawing cash to discourage a rush for exit.
Short-seller interest grows across the property sector
Interest rate rises and low occupancy rates are fuelling a spike in the short selling of property stocks.
Interest in UK operational real estate has ‘never been higher’
The UK’s OPRE market poses an opportunity for investors as its total value is set to reach more than £750bn.
Prime central London housing shines amid economic gloom
While the wider market outlook is uncertain, overseas buyers are driving a boom in high-end London housing.
Stock Market
UK housebuilder stocks ‘still look attractive’ if house price correction is avoided
Stocks in UK housebuilders “still look attractive [in terms of] value assuming a painful recession and house price correction is avoided into 2024”, according to a new report by Investec.
Property Funds
Blackstone breaks through £1trn AUM barrier
Blackstone has become the first alternative fund manager to pass through the $1trn (£772bn) assets under management (AUM) barrier and said it still has “vast opportunity for further expansion”.
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.
