Arbuthnot Latham has provided more than £23 million of refinancing to help private real estate investment firm Castleforge Partners with current and future value-add opportunities. Since it was founded in 2010 by Brandon Hollihan and Michael Kovacs, Castleforge Partners has invested over £1bn throughout the UK and Europe and has generated returns above expectations across […]
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Sovereign Housing Association have bought a shopping centre and the adjacent car-park in Bristol for £27.2m from BlackRock UK Property Fund. This multi-tenanted Clifton Down shopping centre and its 350 vehicle car park, has become the biggest commercial property in the housing association’s portfolio. Clifton Down was built in the early 1980’s and the shopping […]
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The Welsh government has launched a Tenancy Saver Loan Scheme, which provides tenants with a 1% affordable loan which can be repaid over up to five years. The loan is based on the tenant’s ability to repay and they will be able to borrow up to the maximum amount of rent arrears owed, or for […]
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Annual house price growth increased to 7.3% in September 2020, up from 5.2% in August, Halifax’s house price index has found. Prices have risen by 1.6% month-on-month, bringing the average price to £245,747. Russell Galley, managing director, Halifax, said: “A surge in market activity has driven up house prices through the post-lockdown summer period, fuelled […]
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Commercial tenants in the UK have paid 50% of rent as of October 6th, up from 22.1% a week ago. Retail properties have seen a strong rebound, with rent collection jumping from 12.7% to a steady 51%, a 11% uplift on the same point in the rent cycle for the June quarter. Tom Wallace, Re-Leased’s […]
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Investec is providing investment management firm Fairway Capital with a £34.5m loan for the acquisition and redevelopment of nine luxury homes in Prime Central London. Fairway Capital closed an initial equity raise of £80m via the Fairway Capital Property Fund in July 2020, and is seeking to amass a portfolio of Prime Central London homes […]
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Airbnb has agreed to provide HMRC with details of its hosts’ income, which may lead to a growth in tax investigations, according to London accountancy firm, Grunberg & Co. In its accounts to 31 December 2019 Airbnb provided a statement saying it would share data with the tax authority on hosts’ income in the financial […]
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Boris Johnson is looking to launch a 95% mortgage scheme where normal stress test rules don’t apply. Reportedly the scheme would introduce “a form of state guarantee” to lenders to lower the risk of the loans. The Prime Minister spoke to The Telegraph before the Conservative party’s virtual conference this weekend. Johnson said: “I think […]
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Boris Johnson’s proposal of introducing a 5% deposit mortgage scheme where normal stress test rules don’t apply could result in people acquiring unsustainable debt. That was the view of David Alexander, joint managing director of Apropos, the property management company. Alexander said: “The proposal by the Prime Minister to offer a 5% deposit mortgage scheme […]
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Construction output increased in September, leading to the Federation of Master Builders saying this could result in increased employment opportunities. The IHS Markit/CIPS UK Construction Total Activity Index registered 56.8 in September, up from 54.6 in August. Any figure above 50.0 indicates growth of total construction output. Brian Berry, chief executive of the FMB, said: […]
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