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.

The INVL Sustainable Timberland and Farmland Fund II (STAFF II) has successfully raised a further EUR18.5 million via a second offering, reaching a size of EUR51 million towards its overall EUR100 million target. In its initial offering, the fund raised EUR32.45 million.

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.

Bridge Investment Group (Bridge) today announced the launch of a logistics properties strategy – Bridge Logistics Properties – which aims to seek price dislocation, operational upside, and innovative redevelopment in markets where there is a confluence of existing and increasing population density, rapid e-commerce adoption, and constrained supply. 

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.

Private housing repairs, maintenance and improvement (RMI) output grew strongly in February and March 2021 – the highest level for over a decade. 

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.

Mazars, an international tax, audit and advisory firm, has appointed Graham Bearman to lead its Real Estate Valuations team.