Watford Riverwell, a joint venture between Watford Borough Council and Kier Property, has secured a multi-million-pound funding package from Paragon Development Finance to support a major new residential development in Watford, known as Avenues.

Gresham House Residential Secure Income LP (ReSI LP), a limited partnership investing in new build shared ownership, has agreed a GBP44 million deal with modular home developer ilke Homes for 153 factory-built homes in Stanford-le-Hope, Essex.

ESR Australia has settled on the purchase of the Milestone Portfolio and operating company in the largest-ever property transaction in Australia, officially taking control of the 45 high-quality, income-producing assets set over 3.6 million sq m and collectively valued at circa AUD3.8 billion reflecting a yield of 4.5 per cent.

Barings has provided a GBP140 million eight-year fixed rate loan, on behalf of two institutional investors, to the London Student Accommodation Venture (LSAV), a joint venture between Unite Group (Unite Students) and GIC. The loan is secured against two London student accommodation properties, which are being acquired by LSAV from Unite Students for GBP342 million.

The "Kreisler” property, a joint project development by QUEST Investment Partners and Competo Capital Partners, has found a new tenant before the construction works have even begun, with food company Nestlé set to take around 19,000 sq m of space for its new German headquarters. 

Netherlands-based investor NIPA Capital has concluded the sale of the D Manuel II office building it had acquired in October 2019.

Barwood Capital (Barwood) and Caisson Investment Management (Caisson) have formed a joint venture (BCCIM) to target multi-let industrial and urban logistics assets across the UK regions. 

Kinland has entered into an agreement to acquire a portfolio of 30 properties from Nordic Social Infrastructure Invest AS (NSII), a company managed by Oslo Capital Partners AS (OCP). 

Around GBP2.6 billion was invested into UK commercial property in May, a slight decrease on the previous month, but more than twice the corresponding 2020 figure of GBP1.2 billion, according to Colliers.

illimity Bank is to form a 50:50 joint venture (JV) with certain funds managed by Apollo Global Management (Apollo) aimed at investing up to EUR500 million in single-name distressed credit exposure secured by real estate assets in Italy.