Ritchie seals landmark debt deal and launches £650m fund
Bruce Ritchie’s Residential Land has secured one of the largest refinancing deals ever in the UK private rented sector and embarked on a fresh £650m push into prime central London.
View ArticleCLS agrees new debt with LBBW
CLS Holdings has refinanced its largest property loan, on Spring Gardens in Vauxhall, with a £97m facility from Landesbank Baden-Württemberg (LBBW).
View ArticleInvestors develop taste for Italy. But will it be at Spain’s expense?
Italy is set to become the next property hot spot… if banks address structural issues and GDP growth hits forecasts
View ArticleClarendon House Capital builds £300m war chest
Boutique investment firm Clarendon House Capital has revealed plans to raise £100m ahead of a £300m investment drive into UK property.
View ArticleOdey raises the stakes in short position against retail giant Intu
Odey Asset Management, the hedge fund that recently made headlines by predicting another financial crash, has taken a big bet against shopping centre owner Intu.
View ArticleAlternative Bridging set to grow
Alternative Bridging is looking to grow its loan book to £100m this year after it doubled in size in 2014.
View ArticleMeet the Shaftesbury family: taking niche to the next level
The central London property group talks about its future plans and what sets it aparts from the other companies.
View ArticleEskmuir launches property fund for charity investors
Eskmuir Properties has launched a commercial property fund aimed at charity investors and recruited industry heavyweight Stuart Beevor as chairman of the fund’s investment advisory board.
View ArticleInterest rate fears send property shares plummeting
As the movers and shakers of the property industry swilled champagne and toasted to another successful year at Mipim in Cannes last week, property shares were going into reverse.
View ArticleSEGRO boss scoops massive 2014 bonus
SEGRO chief executive David Sleath has enjoyed a bumper payday thanks to a bonus for beating long-term shareholder return targets.
View ArticleBank of Scotland steps in to facilitate Wordie’s expansion plans
Family-owned Wordie Properties has secured a new £30m five-year debt financing package from Bank of Scotland as it eyes opportunities for expansion.
View ArticleTesco and British Land swap hailed as a ‘landmark’ deal
After years of doing sale-and-leaseback deals to fund its seemingly relentless expansion, Tesco did a £733m property swap with British Land last week in a major change of strategy for the supermarket.
View ArticleCash injection keeps WELPUT well ahead
Schroders has raised £162m of equity for WELPUT in the first phase of a £300m fundraising drive for the central London office trust.
View ArticleSchroder REIT goes for onshore status to attract investors
Schroder REIT has outlined plans to convert the Guernsey-domiciled fund to an onshore REIT.
View ArticleMcCarthy & Stone to open three regional offices
McCarthy & Stone is looking to open three new regional offices after reporting bumper half-year results this week.
View ArticleInland Homes boss issues warning over Labour’s land bank policy
Labour’s “use it or lose it” policy in relation housebuilder land banks would be dangerous, Inland Homes chief executive Stephen Wicks has warned.
View ArticleBoE warns market of ‘loosening’ standards
The Bank of England (BoE) has warned of “loosening” underwriting standards in the commercial real estate (CRE) lending market and has backed the development of better market data.
View ArticleRising property values not LTVs to blame for bad loans
A detailed study of more than 1,000 European CMBS loans over the past 15 years reveals rising property values, not rising loan-to-value (LTV) ratios, were to blame for commercial real estate loans...
View ArticleInvestors clamour for property retail funds
Net inflows into property retail funds have rocketed as investors turn to the sector in search of income.
View ArticleSafestay targets Europe’s ‘backpacker trail’ in fresh expansion plan
Safestay is considering sites along Europe’s “main backpacker trail” as the upmarket hostel business looks to expand.
View Article