Damian Shepherd

2 weeks ago | bloomberg.com | Damian Shepherd

Angela Rayner(Bloomberg) -- Just a year ago, UK Deputy Prime Minister Angela Rayner gave a rousing speech at the UKREiiF property conference in Leeds, with her promise to “get Britain building again” drawing rapturous applause from the developers gathered at the annual event. But this week, her message at the same forum wasn’t so upbeat.

3 weeks ago | news.bloomberglaw.com | Damian Shepherd |Abhinav Ramnarayan

Blackstone Inc. priced £270 million ($359 million) of commercial mortgage backed securities, the first in Europe since US President Donald Trump’s tariff announcement in early April. The transaction is secured against a loan on 2,123 affordable and social rent properties managed by Blackstone’s Sage Homes business, according to a statement Friday. The five-year loan, with two potential one-year extensions, priced at 220 basis points over UK benchmark rates.

3 weeks ago | bloomberg.com | Damian Shepherd

UK homes. (Bloomberg) -- Britain’s largest listed residential landlord boosted its dividend following a bumper period of rental income. Grainger Plc said its net rental income grew 15% to £61.3 million ($81.4 million) in the six months through March, according to a statement Thursday. That’s enabled the company to increase its interim dividend to shareholders by 12%. “Investment activity in the build-to-rent sector is very buoyant,” said Helen Gordon, chief executive officer of Grainger.

3 weeks ago | news.bloombergtax.com | Ambereen Choudhury |Damian Shepherd |Ben Stupples |Zainab Fattah

Lakshmi Mittal, among Britain’s richest residents, is the buyer of one of Dubai’s priciest mansions, people familiar with the matter said. The India-born billionaire snapped up a palatial home in a gated community known as the “Beverly Hills of Dubai,” said the people, who didn’t want to be identified speaking publicly about the purchase, adding the home sold earlier this year.

3 weeks ago | news.bloomberglaw.com | Ambereen Choudhury |Damian Shepherd |Ben Stupples |Zainab Fattah

Lakshmi Mittal, among Britain’s richest residents, is the buyer of one of Dubai’s priciest mansions, people familiar with the matter said. The India-born billionaire snapped up a palatial home in a gated community known as the “Beverly Hills of Dubai,” said the people, who didn’t want to be identified speaking publicly about the purchase, adding the home sold earlier this year.