Investment News

Lamington Group plans three new net zero room2 hometels in the UK

Family-owned real estate investment and development company, lamington group, has announced it will open net zero room2 hometels in York, Glasgow, and Manchester. The move comes as part of the company’s sustainable property development plan and represents an investment of £114 million. The room2 brand currently has 3 operational establishments in the UK, of which […]

Posted by: Mya Driver

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Plans revealed: ownerless properties transferred to local communities

Proposal for ownerless properties that have fallen to the Crown to be transferred to communities across Scotland unveiled today. Under the plans, ownerless properties can be sold for a nominal sum to key public sector partners for community use. The King’s and Lord Treasurer’s Remembrancer (KLTR) launched a consultation on proposals for an Ownerless Property Transfer Scheme (OPTS) […]

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£35M Canvey Island Flood Defences approved

The Environment Agency is set to begin the renewal of flood defence revetment this financial year, 2022/23, bringing huge improvements to the seafront and shoreline. This £35 million project will renew Canvey Island’s existing flood defences along the 3-kilometre stretch of the Island’s southern seafront. Canvey Island is a town, civil parish and reclaimed island in […]

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Devon Council loans additional £2million to development arm

The request of £2.281million will take it up to a forecast spend this year of £12.7million Mid Devon District Council’s (MDDC) development company Three Rivers Development Ltd (3RDL) is being loaned more than £ 2 million from the authority. MDDC’s cabinet decided to loan the money at its September meeting. The leader of the council, […]

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Planning application received for 117 room hotel project in Northern Quarter

Acting on behalf of Manchester based developer, Jadebricks, Turley has submitted a planning application to Manchester City Council for an aparthotel in the Northern Quarter district of the city centre. The proposed redevelopment sits on the corner of Oldham Street and Spear Street and the development will be known as ‘Larard’s Still’. Designed by SimpsonHaugh, […]

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Tees valley to be revealed as investment zone by chancellor

The Tees Valley is set to become one of the first areas in the UK to pilot new economy-boosting Investment Zones designed to boost growth. The Chancellor of the Exchequer Kwasi Kwarteng is expected to make the announcement in the Government’s Growth Plan. Middlesbrough and Hartlepool are set be the first two areas put forward by the […]

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Pitalia makes industrial purchase

Pitalia has completed a sale and leaseback investment at a well-known industrial estate in Cheshire – a freehold of a 71,225 sq ft warehouse on the Winsford Industrial Estate for £3.58m. The warehouse will be leased back over ten years to an undisclosed tenant at a rent of £305,000 per annum with a tenant break […]

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Proposals for up to 250 student flats on Church Road unveiled

A proposal that could see the former Co-operative Funeralcare site on Church Road turned into student accommodation has been revealed. The new vision for the brownfield land would see up to 250 flats built in buildings up to six-storeys high, along with car and cycle parking spaces and landscaping. People are invited to give their feedback on […]

Posted by: Mya Driver

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