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Aster Group secures £250m bond to fund affordable housing Housing association Aster Group has priced its first £250m Sustainability Bond under the group’s new European Medium-Term Notes (EMTN) programme with the proceeds bolstering its fund for developing new affordable housing. The 15-year bond, which was four times oversubscribed, comprised £200m immediate funding and a further…
Student develops AI software to detect archaeological sites for planners Revolutionary software that leverages artificial intelligence to automatically detect archaeological sites for construction planners will be unveiled at CES 2021, the world’s largest and most influential technology exhibition. ArchAI, founded by archaeologist-turned-computer scientist Iris Kramer, uses technology developed during Iris’ PhD in deep learning and…
Planning granted for major modular homes scheme in Bristol Planning consent has been granted for Legal & General Modular Homes to deliver 185 homes in Lockleaze, Bristol. The scheme, which has been developed in conjunction with Bristol City Council, will see two-, three- and four-bedroom houses along with one- and two-bedroom apartments developed on land…
Owner occupation rates creep up over four years While owner-occupation rates did not increase between 2018-19 and 2019-20, rates are up slightly from 2016-17. Of the estimated 23.8 million households in England, 15.4 million or 65% were owner-occupiers in 2019-20, unchanged from 2018-19 but an increase from 63% in 2016-17. The last time 65% of…
9 in 10 say government must improve housing for older people A new survey published today shows that nearly 90% of people think the government should widen housing options for older people – including those with care and that more than half of older people are interested in moving but lack good local downsizing options.…
Vistry to reinstate dividend following strong trading Following strong cash generation and a significant reduction in leverage, Vistry’s Board are considering reinstating the FY20 dividend. “As stated in our trading update of 12 November 2020, the Group expects to deliver FY20 profit before tax at the top end of the range of £130m to £140m,…
What housebuilders need to know about the Spending Review The package to build more homes and level up communities across England includes: £7.1 billion National Home Building Fund to build more affordable, sustainable and beautiful homes across England; Funding to level up and strengthen communities, including new £4 billion Levelling Up Fund; More money for councils, with…
Housebuilders set to report 35% reduction in supply of new homes Housing completions are set to drop by at least a third according to new analysis by Close Brothers Property Finance, the specialist development finance provider. Housing completion levels (the number of homes built) by the seven largest UK housebuilders are down by 35% on average…
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