Philip Brown
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Housing ‘headed for shortfall’
UK housing completions are heading for a 100,000 shortfall each year with the number of new homes delivered unlikely to move drastically ahead of the 20-year average.
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Gatehouse lends £22.5m on Acton Holiday Inn
FINANCE: Gatehouse Bank is to provide £22.5m of senior debt to Al Dau Development to finance the Holiday Inn London West, Acton, W3.
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Unite occupancy running at 99%
FINANCE: Student housing developer Unite Group’s portfolio achieved 99% occupancy in the year to 3 November, up slightly from 98% over the same period last year
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Ashfield hires ex-Schroders man
Ashfield Land has hired Nick Scott, Schroders’ former head of retail property, to lead its new London push.
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Ikea to build four stores
Ikea has secured sites for four new stores in Greenwich, Reading, Exeter and Sheffield.
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Formation clinches £478m NHP deal
FINANCE: Formation Capital is buying UK care homes operator NHP for £477.7m, bringing to an end a protracted legacy CMBS workout
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Judge allows allotments claim on narrow ground
A group of Watford allotment holders have won a ruling quashing the decision of the communities secretary to grant, for the second time, consent to transfer their land to form…
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L&G in £37.5m hotel loan debut
FINANCE: Legal & General has agreed its first hotel loan, providing a £37.5m, 10-year facility to a private client.
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European debut for £32bn Alaskan fund
FINANCE: Alaska Permanent Fund Corporation has made its first investment in continental European real estate by forming a retail joint venture.
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Almacantar tweaks Marble Arch plans
Almacantar is submitting slightly revised plans for its major redevelopment of Marble Arch Tower, W1.
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Perella powers Student Hotel
Perella Weinberg Real Estate is providing The Student Hotel with €150m (£118m) to back its expansion into the UK.
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Goldman turns down CMBS option
Goldman Sachs is looking to sell €550m (£432m) of loans after deciding against issuing the first post-crisis pan-European CMBS.