One To Watch: Yeovil Shopping Centre to be Demolished by Somerset Council May 1, 2024 Somerset Council has unveiled plans to allocate up to £1 million for the demolition of a shopping centre as part of the ongoing Yeovil Refresh regeneration initiative. The Yeovil Refresh program, spearheaded by South Somerset District Council, aims to future-proof the Yeovil town centre through various projects aimed at enhancing its appeal to residents, visitors, […] Posted by: David Gilbank Read more
Macquarie Asset Management divests East Anglia ONE stake May 1, 2024 Macquarie Asset Management has reached an agreement to divest a 10 per cent stake in East Anglia ONE offshore wind farm to NTR, a leading renewable energy specialist (on behalf of the L&G NTR Clean Power (Europe) Fund (the “Fund”) and one of the Fund’s investors, The Development Bank of Japan Inc). East Anglia ONE […] Posted by: David Gilbank Read more
Tameside Council Hunts for Procurement Partner for £11m Revamp May 1, 2024 Tameside Council is actively seeking a procurement partner to drive forward its ambitious £11 million infrastructure project aimed at rejuvenating Stalybridge West. With funding sourced in part from the government’s £20 million Levelling Up Fund grant, specifically earmarked for town centre enhancements, the clock is ticking, requiring expenditure of funds by March 2026. Crafted meticulously, […] Posted by: David Gilbank Read more
Novuna Business Finance provides £10m facility to Aura Power May 1, 2024 Novuna Business Finance has provided £10m of funding to support Aura Power, a leading global developer of renewable energy projects progress their development pipeline of utility-scale solar PV and battery energy storage of around 12 GW in the UK, Europe and North America. The deal demonstrates Novuna Business Finance’s appetite to support businesses that have […] Posted by: David Gilbank Read more
Octopus funds purchase of land for 484-bed student accommodation May 1, 2024 Octopus Real Estate, part of Octopus Investments and a leading UK specialistreal estate investor and lender, has provided a commercial loan tocomplete the purchase of a site located in Deptford, London. The site hasdetailed planning consent for the development of a 484-bed studentaccommodation scheme, alongside 42 affordable residential apartments. The loan has been provided to […] Posted by: David Gilbank Read more
Mortimer Street Capital Seals £4.1m Development Exit Agreement Apr 30, 2024 Mortimer Street Capital has finalised a £4.1 million development exit bridging facility for a client who recently completed a 22-unit scheme within a gated development in Surrey. Following the completion of the scheme with new build warranties in place, the client sought to refinance the existing development finance facility. Their aim was to lower their […] Posted by: David Gilbank Read more
Proposal for 1,300 Homes in East Malling Apr 30, 2024 Plans have been submitted for a new housing development in East Malling. The planning application has been submitted by the East Malling Trust for a project named Bradbourne. The proposed development would feature 1,300 homes on 80 hectares of farmland situated between Kiln Barn Road and Hermitage Lane. The plans include provisions for essential amenities […] Posted by: David Gilbank Read more
Consultation Opens for 1,430 Homes in Newton Aycliffe Apr 30, 2024 A consultation commences for a substantial housing plan in Newton Aycliffe, set to introduce 1,430 new homes to the area. The focus is on the Copelaw site, designated for significant development as part of Durham County Council’s County Durham Plan, with ambitions to introduce approximately 1,430 new homes. Initiating efforts to support this vision, the […] Posted by: David Gilbank Read more
Devolution: Regions Push to Finalise Agreements Ahead of General Election Apr 30, 2024 Two regions have hopes of establishing shadow combined authorities by the year’s end. Meanwhile, one area has already crossed the finish line. Inquiries by LGC this month revealed that several councils engaged in active discussions regarding devolution deals are making strides towards solidifying their arrangements. Among them is the Greater Lincolnshire deal, which entails Lincolnshire […] Posted by: David Gilbank Read more
GXO Bolsters UK Logistics Presence with Wincanton Acquisition Apr 30, 2024 GXO Logistics, Inc. has finalised its acquisition of Wincanton plc. The completion of the acquisition, effective immediately, positions GXO as the sole shareholder of Wincanton. Shareholders of Wincanton are poised to receive consideration of 605 pence per share, with the scheme record time set at 6:00 p.m. BST on April 26, 2024. Malcolm Wilson, CEO […] Posted by: David Gilbank Read more
