On the heels of Barratt, Bellway Homes overtures toward an ailing Crest Nicholson plc make sense for the former, if they are compete with the other big players. Since 2018 Crest has continued to limp forward, with its share price down over 35% in that period. Yet could still be a, potentially beneficial, target for Bellway. It would likely also benefit Crests shareholders. Interestingly, there's notable overlaps in land and markets, including product range, across the divisions... However, to remain competitive, it seems inevitable (given BDW & Vistry's growth) that they, Persimmon and Taylor Wimpey must pursue acquisitions of other smaller NHBs or SMEs... #acquisitions #housebuilding
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🚀 Major News in the UK Housing Sector! Bellway's elevated proposition for Crest Nicholson is making waves with a hefty £720m bid now on the spotlight. 🏠🔑 Crest Nicholson's leadership seems ready to signal approval for the agreement, pending the submission of a formal offer by August 8. Fending off earlier offers and a distinct pitch from Avant Homes, the revised bid of shares has captured Crest's interest. Here's the takeaway: Crest Nicholson shareholders are looking at a potential 273 pence per share, a rewarding 28.3% premium. 💸🌟 On top of that, the icing on the cake - an added dividend of 4 pence per share. Bellway's ambitions go beyond mere expansion; it's strategically seeking to merge prowess by retaining the well-known Crest Nicholson brand. Think double branding across at least ten sites. What's the reward for shareholders? An influential position in what could grow to be the UK's second-largest housebuilder based on turnover. 🌠🏗️ As we witness another large consolidation, what are your thoughts on what this means for the sector? #UKHousing #ConstructionBoom #StrategicDevelopment 🏗️🏡💼
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🚀 Major News in the UK Housing Sector! Bellway's elevated proposition for Crest Nicholson is making waves with a hefty £720m bid now on the spotlight. 🏠🔑 Crest Nicholson's leadership seems ready to signal approval for the agreement, pending the submission of a formal offer by August 8. Fending off earlier offers and a distinct pitch from Avant Homes, the revised bid of shares has captured Crest's interest. Here's the takeaway: Crest Nicholson shareholders are looking at a potential 273 pence per share, a rewarding 28.3% premium. 💸🌟 On top of that, the icing on the cake - an added dividend of 4 pence per share. Bellway's ambitions go beyond mere expansion; it's strategically seeking to merge prowess by retaining the well-known Crest Nicholson brand. Think double branding across at least ten sites. What's the reward for shareholders? An influential position in what could grow to be the UK's second-largest housebuilder based on turnover. 🌠🏗️ As we witness another large consolidation, what are your thoughts on what this means for the sector? #UKHousing #ConstructionBoom #StrategicDevelopment 🏗️🏡💼
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L1 Capital has purchased the 247-unit Equipoint build-to-rent development in Birmingham, though the price remains undisclosed. Located in Yardley, the property offers a mix of one- and two-bedroom apartments and is just a 15-minute drive from Birmingham city centre. This acquisition underscores L1 Capital's strategy to grow its portfolio with premium residential properties. CBRE advised the vendor on the sale, while Mishcon de Reya LLP de Reya & oban group advised L1 capital on the purchase.
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⭐ Knights delivers another year of growth despite challenges 📈 The professional services group increased revenue 6% to £150m and profits 29% to £14.8m for the year to April. #financialresults #growth CEO David Beech said he's "confident" in plans to double the business medium-term 💪🏼 #ambitiousgoals #expansion Knights' acquisitions of Baines Wilson and St James Law in May are "trading ahead of expectations" providing organic growth bases. 🤝#MnA #integration #synergies Beech added Knights has delivered a "good performance" through diversification and strategic acquisitions, building on strong growth since 2018 IPO. 📈 #strategy #execution Headquartered in Newcastle-under-Lyme, Knights now operates across 23 UK locations including Bristol, Cheltenham and Exeter. 🗺️ #nationalfootprint #regionalpresence Share price has more than doubled in a year despite recent pull back, demonstrating investor confidence in growth plans. 📈👍#shareholdervalue #momentum
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We're excited to announce our investment in Tim Hinchcliffe Commercial Brokers Ltd. This is the first acquisition for Matthew Stuttard and his JM Glendinning Lancashire business. Tim Hinchcliffe brings 23 years of motor trade expertise and will continue to deliver local, personalised services to clients across Lancashire and Yorkshire. Find out more, here: https://lnkd.in/eBiMe5Z7 #InsuranceBroker #Acquisition #Lancashire #Blackburn #MotorTrade
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When entering into a lease agreement for a commercial property, it's important to know the condition of the property ahead of signing the contract. 🤝 In the case of this property on Hutton Road, Shenfield, Essex, HCS were appointed to undertake a pre-acquisition survey of the commercial premises ahead of the client entering into a new lease agreement. This then allowed for a report on its condition, supported with budget estimates for future repair works, ahead of the client signing the lease. Our comprehensive report gave the client confidence in their new venture of operating the estate agency from the new, desirable location. Read more on the full work we carried out here: https://lnkd.in/eY8BQASY #PreAcquisitionSurvey #CommercialProperty #CommercialPremises #PropertyExperts #CharteredSurveyors #HoweCharteredSurveyors
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Lone Star Funds, a private equity firm, agreed to acquire commercial and residential fire business from Carrier, an intelligent climate and energy solutions provider, for $3bn. "The sale of our Commercial and Residential Fire business marks a defining step in our planned business exits critical to our transformational journey to becoming a focused, agile, higher-growth, pure-play company dedicated to creating a more sustainable world for generations to come. I am so proud of what our deal and business teams have accomplished. We now have executed deals on all our divestitures, all signed within about a year of announcement, with a combined value of over $10bn, representing a mid-teens EBITDA multiple in aggregate. This reflects tremendous dedication by so many, and I could not be more appreciative of our team's tireless efforts and great work," David Gitlin, Carrier Chairman & CEO. Carrier is advised by Goldman Sachs, J.P. Morgan, Linklaters and Paul, Weiss, Rifkind, Wharton & Garrison LLP (led by Laura Turano). #MergersAcquisitionsDivestitures #PrivateEquity #USA
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Check out this #CaseStudy about a recent closing! $84,000,000 | 6450 Crescent Way, Norfolk, VA The historic 400-unit property at 6450 Crescent Way, Norfolk, VA, built in 1911, recently sold for an impressive $84 million. Spanning 455,200 square feet, it drew considerable interest due to its strategic location and flexibility. The per-unit price of $210,000 illustrates the rising demand for well-located, multi-functional urban properties. Facilitating this transaction, Rosewood Realty Group leveraged their profound market insight and extensive network, ensuring a smooth and efficient process. Their adept handling of the deal underscores the growing trend of investing in mixed-use buildings, reflecting the market's acknowledgment of their high value and promising returns. Contact our team: Aaron Jungreis at aaron@rosewoodrg.com David Wildes at david.w@rosewoodrg.com To work with us or for more information, email us at info@rosewoodrealtygroup.com. #rosewoodrealtygroup #rosewoodrealty #competitive #advantage #newyork #commercialrealestate #nycCRE #acquisitions #realestate #NYC #NYRealEstate #multifamily #mixeduse #industrial #office #retail #Rosewood #RealEstate #newyorkCRE #CRE #NYCCRE #NYCRE #development #BRONX #BronxNY #closed #deals
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Check out this latest activity update to see what Acorn Property Group and Acorn Property Invest have been up to recently. There's been some exciting new site acquisitions as well as great feedback on another one of our completions! #newhomes #propertydevelopment #housebuilders #investinproperty #propertyinvestments #investors
We're excited to update you on recent progress across some of our Acorn projects. Swipe through our Activity Update and read about the new sales at Longcroft, positive feedback we've had at Bucklands Place and finishing touches being added to Manor Court. We've also got news of two fantastic new site acquisitions in #Somerset! #propertydevelopment #propertyinvestment #newhomes #sustainablehomes #southwest
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