CMA updates studies into housing sector
The Competition and Markets Authority (CMA) has today published progress updates on its separate ongoing reports on the housebuilding and private rented sectors (PRS), which aim to create new outcomes for the housing sector to support businesses, tenants and the economy.
St Helens council wins CPO battle with pub unlocking town centre regeneration plans
A government planning inspector has ruled in favour of St Helens Borough Council’s compulsory purchase order (CPO) for a pub to make way for a major town centre redevelopment.
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.
Releasing 1.4% of greenbelt could deliver 1m homes, report reveals
Building on just 1.4% of the green belt would accommodate the government’s target of 1m new homes before the next general election, according to a new report.
Meeting building safety standards could cost £3bn
The cost of meeting the Department of Levelling Up, Housing and Communities (DLUHCs’) building safety standards for high-rise residential properties could reach almost £3bn, according to a government impact assessment.
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.
University of Manchester seeks partner for 5,400 bed PBSA scheme
The University of Manchester is seeking a development partner to redevelop its 5,400-bed purpose-built student accommodation (PBSA) scheme in the city’s Fallowfield area.
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.
Buckland Group unveils ‘groundbreaking’ business model for SME housebuilding
The Buckland Group has struck a deal with three regional housebuilders to provide homes at a garden village development in Hampshire under what it claims is a “groundbreaking” new business model for the industry.
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.
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.
Redevco builds up assets and development management team
Regeneration specialist Redevco has strengthened its asset and development management team with a trio of promotions and new appointments.
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.
Plentific lands seven housing association clients
Technology property management platform Plentific has secured seven new major social housing landlord clients.
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.
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”.
Gove warns 14 poor performing social landlords to take action
Housing Secretary Michael Gove has written to 14 social landlords warning them to take urgent action to address their poor performance.
