Latest figures show social housing sector is in a strong financial position

Property Wire | June 06, 2019

Latest figures show social housing sector is in a strong financial position
There has been an increase in the number of homes for sale being developed by the social housing sector which is in a strong financial position, according to the latest quarterly survey. Over the 2018/2019 financial year, the sector raised new facilities worth £13.5 billion, the highest amount raised in a single year, the figures from the Regulator of Social Housing shows. The 6,367 of homes developed for sale which were completed in the quarter, include 4,817 affordable homes and 1,550 properties for market sale. The increase in the number of unsold properties to 6,924 affordable home ownership homes and 1,933 market sake homes, primarily reflects this peak in development, the report says. The sector remains financially strong with access to £20.8 billion in undrawn facilities available at the end of March and total sales receipts in the quarter amounted to £1.5 billion, the second highest amount achieved in the last three years, only slightly lower than the figure reported in the quarter to March 2018. Over the next 12 months expected investment in new housing supply is forecast to be £14.9 billion, of which £10.5 billion is contractually committed. In the 12 months to March 2019 total investment in new supply was £11.8 billion.

Spotlight

Welcome to Fairfield Residential LLC and congratulations on becoming a valued member of our team. We would like to take this opportunity to help you get acquainted with your new workplace and Fairfield.

Spotlight

Welcome to Fairfield Residential LLC and congratulations on becoming a valued member of our team. We would like to take this opportunity to help you get acquainted with your new workplace and Fairfield.

Related News

RealMassive Provides Commercial Real Estate Industry with Complimentary Access to Nationwide Property and Listing Data for the Remainder of 2020

RealMassive | June 24, 2020

RealMassive, commercial real estate’s real-time data provider and marketplace, is offering complimentary access to its property data platform, DataQu, for the remainder of 2020. Additionally, current customers will not be charged for the remainder of the year and customers who pre-paid have been offered a refund. Commercial real estate, like all industries, has been severely impacted by the global pandemic. Many professionals may be forced to choose between spending on the data and tools they need to be successful or paying employees. To provide some relief and minimize difficult decisions, complimentary access to property data via DataQu ensures that current customers can reinvest the money saved to retain employees or reduce their financial burden.

Read More

The REMM Group Announces Leasing of Van Daele Development's Lincoln Village Apartment Community in Riverside

prnewswire | September 21, 2020

Van Daele Development has built luxury into every aspect of Lincoln Village Apartment Community. The neighborhood's 180 units have been built with high ceilings and recessed lighting in the living rooms, quartz countertops and sleek stainless-steel appliances. Lincoln Village is the second of several luxury apartment communities to be built by Van Daele Development Corp. in partnership with Ares Management and professionally managed by The REMM Group.

Read More

REAL ESTATE TECHNOLOGY

KKR is growing its Texas real estate industrial portfolio with new acquisitions in Dallas and Houston.

businesswire | December 04, 2020

KKR, a main worldwide speculation firm, today declared the securing of two mechanical appropriation properties in Texas adding up to around 1.8 million square feet at a total buy cost of roughly $171 million. The recently obtained properties are situated in the significant business sectors of Dallas and Houston. Both are best in class satisfaction focuses with a normal vintage 2019. The properties were 100% rented at securing to two distinctive speculation grade occupants on a drawn out premise. The properties were obtained from Hines, the worldwide land firm, which built up the resources. The two properties are the most recent mechanical resources procured by KKR's center in addition to land system, developing its all out modern land portfolio to around 7.2 million square feet. Over its assets, KKR claims more than 20 million square feet of mechanical property in key areas across significant metropolitan regions in the U.S. “As more consumers migrate to shopping online and expect a seamless delivery experience, the demand for modern logistics real estate in major markets continues to grow,” said Roger Morales, KKR Partner and Head of Commercial Real Estate Acquisitions in the Americas. “We are excited to help meet that demand by increasing our footprint in the Dallas and Houston markets with the addition of these two high-quality, stable assets.” Since dispatching a devoted land stage in 2011, KKR has developed land AUM to roughly $14 billion over the U.S., Europe and Asia as of September 30, 2020. The worldwide land group comprises of more than 90 committed venture experts, traversing both the value and credit organizations.

Read More