Finance
City high-rollers return to Prime London
Proportion of £2m+ buyers from a City/finance background hit a six-year high in 2019
Iron Bridge acquires ex-CPC finance firm Orlandis Capital
Iron Bridge Finance has snapped up a majority stake in real estate JV equity provider Orlandis Capital, which was party of Christian Candy's CPC Group until a management buyout in 2018.
GPE signs ‘innovative’ green finance deal
Great Portland Estates has agreed a £450m credit facility linked to its "environmental, social and governance" performance.
Government pledges £1bn for SME housebuilders
The ENABLE Build programme - announced in the 2018 Budget - will shortly begin guaranteeing loans to smaller regional property developers.
Mortgage approvals jump to highest level since 2015
2019's gross mortgage lending total was still below 2018's level, despite a flurry of approvals in December.
Investor gets back into prime London with £100m debt deal
Developer Regal London has secured £100m of senior debt from ICG-Longbow for a resi development in St John's Wood.
New mortgage lending dips by 10%
10.6% fewer homemover mortgages completed in November 2019 compared to the same month a year earlier - although the decline "reflects particularly strong home-purchase activity in November 2018"
Warren Buffett’s prime London estate agency launches property finance business
Berkshire Hathaway HomeServices Kay & Co has teamed up with mortgage brokers John East and David Longhurst to launch Connaught Private Finance.
Fortwell funds west London scheme with £15m loan
Development facility marks the firm's first resi construction loan in London since 2016
Hilltop provides £2.6m loan for Hexham resi development project
Hilltop Credit Partners makes its first SME development loan, backing a heritage office-to-resi conversion by The Morton Group in Northumberland
Javid confirms Budget 2020 date: Wednesday 11th March
The new Government's first Budget will be delivered on 11th March 2020; it will "usher in a decade of renewal" says Chancellor Sajid Javid.
Meyer Bergman joins forces with CC Land for £1.25bn Whiteleys scheme
Meyer Bergman and CC Land have formed a joint venture to bring forward the ambitious reinvention of the Bayswater landmark, with additional backing from Apollo.