The £5m scheme represents a new hospitality concept for short-term city lets, featuring hands-off self-contained apartments, let under Southern Grove’s hospitality division.
Having initially engaged with a mortgage provider, the client came to MFS when challenges posed by COVID-19 meant the finance would not be ready in time.
The financial services broker has launched a ‘help to supply’ scheme, aimed at providing NHS staff with additional equipment.
The development will comprise approximately 65,000 square foot of accommodation.
The property consultancy found that COVID-19 and the knock-on impact of the government lockdown, will result in 56,000 fewer homes being delivered this year, a decline of 35%.
On average, this requires nurses to pay £1,114 for rental deposits on properties near to hospitals, compared to £1,065 across England as a whole.
The initiatives aims to help UK businesses fund renewable energy assets such as solar panels, biomass boilers and onshore wind turbines.
From Monday, desktop valuations will be available for existing BTL pipeline cases where possible.
Orion Real Estate Fund V has informed Hammerson that it does not intend to complete.
All of the rating agency’s collateral forecasts for European consumer securitisations have been changed from largely stable to negative.