Latest Residential News
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.
