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Legal & General Property (LGP) is looking to raise £300m in senior debt from two lenders to finance the leveraged component for the UK property fund manager’s successor UK Property Income Fund (PIF). PIF II – like the inaugural fund … Continue reading
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Legal & General Property has extended its bank facilities for its UK Property Income Fund with two separate lines from Santander totaling £63m, providing sufficient firepower complete the fund’s UK prime investment drive. The UK Property Income Fund (UK PIF), … Continue reading
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Irvine Sellar’s Sellar Property Group, Isle of Man-based Praxis Real Estate, Legal & General Property, Threadneedle Investments and Kennedy Wilson comprise the five-strong shortlist which submitted second round bids vying to purchase the 29-strong UK distressed Ruby portfolio, CoStar News … Continue reading
Goodman Group and Legal & General Property have partially refinanced £350m of debt securing the £1.1bn Arlington Business Parks Partnership (ABPP) joint venture, with the Royal Bank of Scotland, Eurohypo and Lloyds Banking Group. The senior debt facility, which matures … Continue reading
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Legal & General Property is forward funding the construction of a pre-let retail park in Stirling, with the development undertaken by Stirling Development Agency in joint venture with Valad Europe. Stirling Council and Legal & General have secured Waitrose as … Continue reading
Legal & General Property (LGP) completed £1.7bn worth of direct UK property transactions in 2011, marking the fund manager as last year’s most active domestically, CoStar News can reveal. The total is comprised of 19 purchases worth £970m and £710m … Continue reading
Legal & General Property delivered a gloomy medium term outlook for UK commercial property returns. The fund manager argues that a “multi-year bear market in US government debt” will kick off later this year and will have a contagious effect … Continue reading
