Kuflink gets debt funding line worth £35m Jul 20, 2023 Kuflink, a peer-to-peer property lender, has secured a £35m revolving credit facility from Paragon Bank, arranged by European Risk Capital. This new funding line will provide Kuflink with strategic access to institutional capital, scalable growth, new funding options, and a significant alternative source of debt finance. Narinder Khattoare, CEO of Kuflink, stated that this facility […] Posted by: Mya Driver Read more
Padlock locks up two UK properties Jul 20, 2023 Padlock Partners UK Fund IV has announced the successful completion of its acquisition of two redevelopment properties in Edmonton and Haverhill, UK. The properties were purchased for an aggregate cost of approximately £3,737,500 and £3,450,000, respectively, not including closing costs. The funds for these purchases were sourced from the Trust’s initial public offering (“Offering”) and, […] Posted by: Mya Driver Read more
SV in good hands! Review of Social Value Conference 2023 panel: Rebel Ideas – Next Generation Jul 20, 2023 I’ve always considered myself to be a rebel, usually one without a cause or a clue. But I’ve always valued new ideas and people that are willing to go against the grain to achieve some kind of new outcome or shatter hard-boiled paradigms. So, the title of this conference “Rebel Ideas” appealed to me, particularly […] Posted by: Mya Driver Read more
Sellar secures consent for an innovative 444-bed student housing led mixed use development in Southwark Jul 20, 2023 Sellar, the investment and development company specialising in innovative mixed-use projects and which delivered the internationally recognised Shard Quarter, has secured a resolution to grant planning permission for the development of 444 purpose-built student homes, fully direct let, with eight affordable homes for local key workers and flexible office and retail space, following a unanimous decision […] Posted by: Mya Driver Read more
Interland Group Consolidates Investment Property Loans with £66m Refinancing of Greater London Residential Portfolio Jul 20, 2023 Private real estate and renewable energy investment company, Interland, has agreed a £66.4m investment property loan with Secure Trust Bank Real Estate Finance to refinance its portfolio of residential assets across Greater London. The new 5-year agreement sees Interland refinance an existing £42.2m loan with Secure Trust Bank with a £24.2m uplift to cover additional […] Posted by: Mya Driver Read more
Plans agreed for transformation of Middlesbrough town centre Jul 20, 2023 The bright new vision for Middlesbrough’s future has been signed off by the town’s Development Corporation Board. During its meeting, the Board was asked to approve the Masterplan for the Middlesbrough Development Corporation, which aims to make the area “Bold, Industrious & Open for Business; Middlesbrough, reinvented as a great place for everyone.” Created with […] Posted by: Mya Driver Read more
Planning consent secured for Europe’s largest life sciences building at Canary Wharf Jul 20, 2023 Canary Wharf Group and Kadans Science Partner have secured planning approval from Tower Hamlets Council for the development of a state-of-the-art commercial health and life sciences building at the North Quay site, adjacent to the Crossrail Station and new Elizabeth Line at Canary Wharf, London. The 23-storey 823,000 sq ft tower will set a new […] Posted by: Mya Driver Read more
Puma Property Finance funds new purpose-built care home development in St Helens, Merseyside Jul 20, 2023 Puma Property Finance (Puma) has announced it is providing funding to Angela Swift Developments for the development of a new 64-bed care home facility in St Helens, Merseyside. The development is set to be completed late 2024 with construction starting in April 2023. The deal further underlines Puma’s commitment to the UK care home sector, […] Posted by: Mya Driver Read more
Council seeks partner to help transform Tyisha Jul 20, 2023 Carmarthenshire County Council is set to take the next exciting step in their ambitious plans to transform the Tyisha area of Llanelli with the search for a partner to re-develop several sites in the area. A formal Prior Information Notice (PIN) is now live, hosted by Sell2Wales. This provides information on the Council’s vision for […] Posted by: Mya Driver Read more
Simply Care Group secures £40m funding deal Jul 20, 2023 Simply Care Group UK (“Simply UK”), a specialist developer and operator of care homes, has completed a forward funding deal for two flagship assets in Bury St Edmunds and Dublin for a combined sum of £40m (€46.8m), equating to a net deal yield of 5.2%. The two sites, which are currently under construction, will be […] Posted by: Mya Driver Read more
