Standard Life completes £1 billion buy-in transaction with Chubb Pension Plan and Chubb Security Pension Fund

Standard Life, part of Phoenix Group, has concluded a £1 billion Bulk Purchase Annuity (“BPA”) transaction covering two schemes, the Chubb Pension Plan (“the Plan”) and the Chubb Security... Read more »

Cabinet to decide on city centre developments to bring over 1,000 new homes

Hull City Council’s Cabinet will consider ambitious plan to unlock the development of over 1,000 new homes on three empty city centre sites. Cabinet will decide whether to give... Read more »

Great Portland Estates trading update: Strong Performance

Great Portland Estates plc (GPE) publishes a trading update for the quarter to 30 June 2023. Toby Courtauld, Chief Executive, said: “Against a challenging macro-economic backdrop that is placing upward... Read more »

LondonMetric sells five long income and urban assets for £43M

LondonMetric Property Plc (“LondonMetric”) announces that it has exchanged on the sale of five assets for £42.8 million, reflecting a NIY of 4.5%.  The combined sales are in line... Read more »

Pluto £25m finance deal Leicester

Pluto Finance has announced the successful completion of a £25m loan agreement with HGP for the development of a Build-to-Rent project in the city of Leicester. Pluto Finance, a... Read more »

Trebor and Hillwood acquire major industrial site in Ipswich

Trebor Developments and Hillwood have acquired 8 acres of commercial development land from Ipswich Borough Council at Eastern Gateway, Ipswich. Prior to acquiring the site, Trebor secured detailed planning... Read more »

UKEF provides £1.1 billion support to the construction sector in 2022

UK Export Finance (UKEF) has published its annual results for 2022-23, which show the government’s export credit agency provided £1.1bn in new, direct support for UK construction exporters in... Read more »

A £400 million Build-to-Rent project is poised to provide 1,000 homes in Digbeth

Moda Living and Aviva Capital Partners have announced a joint venture to invest in a four-acre regeneration site in Digbeth, with plans to build 1,000 homes for rent. The... Read more »

Defiant dealmaking for Shoosmiths’ real estate investment group

Despite further tightening in the lending market and wider economy, Shoosmiths’ real estate investment group concluded c.£200m worth of deals in Q2 2023. The quarter saw the law firm’s... Read more »

Octopus Real Estate provides loans totalling £26.3m to leading care home operator

Octopus Real Estate, part of Octopus Investments and a leading UK specialist real estate lender and investor, has provided a total of £26.3m to support the development of two... Read more »
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