Global Student Accommodation Group (“GSA”) has acquired Emilia Pardo Bazan, a 302 bed purpose built student accommodation property in Madrid from Corestate Capital Advisors GMBH. CaixaBank is providing debt financing for the transaction. Nicholas Porter, chairman at GSA Group, said: “Completing this transaction highlights our in-depth sector experience and considered approach, especially in today’s climate, […]

The post Global Student Accommodation completes acquisition in Madrid appeared first on PropertyWire.

Source link

Households renting out their unused driveways to other motorists are earning more than £1,000 per year on average in 25 UK towns and cities. The study, by online parking portal YourParkingSpace.co.uk, found that Londoners are making £2,100 per year on average, while people living in Brighton and Edinburgh are earning £1,944 and £1,896 respectively. The […]

The post Empty driveways earn homeowners more than £1,000 per year in 25 towns and cities appeared first on PropertyWire.

Source link

Investment in student property has surged by 8% in the North West, Mistoria Group research shows. The largest increase in investment came from Turkey which accounted for 20% of the growth, followed by UAE (14%) and Hong Kong (11%). Mish Liyanage, managing director of The Mistoria Group, said: “Over the last 12 months, we have […]

The post Surge in student property investments appeared first on PropertyWire.

Source link

Frontline workers have been offered a 5% discount on new homes across South Wales and the South West of England by Edenstone Group. This is available across the developer’s two housing brands Edenstone Homes and Bluebell Homes, and includes new homes in Dinas Powys, Lydney, Morriston and Ross-on-Wye. Adele McCoy, sales director at Edenstone Group, […]

The post Workers offered 5% discount on new homes appeared first on PropertyWire.

Source link

Lenders have provided firms with £34.9bn through the three major government-backed lending programmes to date, figures from the HM Treasury has revealed. In the past week alone £3.6bn has been granted to 85,000 businesses. Some £23.8bn has been provided through the Bounce Back Loans scheme, £9.6bn through the Coronavirus Business Interruption Loan Scheme (CBILS), and […]

The post £35bn provided to 830,000 businesses through COVID-19 schemes appeared first on PropertyWire.

Source link

United Trust Bank (UTB) has completed a £10.9m investment term loan for a customer affected by the Covid-19 lockdown. Investment business and landlord Rosewall Properties Limited typically acquires properties and adds value via planning enhancements, before converting/developing and then retaining the property. In this case the company purchased a redundant office block in Greater London […]

The post UTB completes £10.9m investment facility in lockdown appeared first on PropertyWire.

Source link

Agents Together has launched, a foundation of estate agents which will provide advice, mentoring and coaching to agents looking to grow their business. The foundation said the COVID-19 pandemic could provide an opportunity for agents to come together with a new way of thinking and a new approach for the future. Agents Together is led […]

The post Estate agency foundation service launches appeared first on PropertyWire.

Source link

An estate agency has been launched in Liverpool’s Baltic Triangle industrial area by Adam Sutton (pictured), a 27-year-old who previously spent three years working at an estate agency in Canary Wharf. Adam Sutton Estates opened for business on Jamaica Street last week with a portfolio of properties for sale across the city region. He said: […]

The post 27-year-old launches estate agency in Liverpool appeared first on PropertyWire.

Source link

Mortgage brokers have rated Godiva Mortgages – Coventry Building Society’s buy-to-let brand – as the top buy-to-let lender and building society. Godiva was praised for the ease of determining the maximum loan amount and product eligibility, as well as satisfaction with dealing with relationship managers. Four of the five highest rated buy-to-let lenders were building […]

The post Coventry’s Godiva rated by brokers as the top buy-to-let lender appeared first on PropertyWire.

Source link

Virgin Money has temporarily withdrawn its 90% LTV purchase, remortgage and new build products “following a strong increase in demand”. The lender said it’s seen strong demand after being one of only a few lenders offering 10% deposit products. The lender still provides 85% LTV products. Virgin said it wanted to protect its service for […]

The post Virgin Money withdraws 90% LTV range appeared first on PropertyWire.

Source link