5000 new homes: Longhurst and Grand Union Launch Consultation on 37,000-Home Merger Jul 22, 2024 Longhurst Group and Grand Union Housing Group will commence a six-week consultation with residents this Wednesday regarding their proposed merger to create a 37,000-home housing association. The boards of both organisations have approved the business case for the merger, which aims to enhance investment in existing properties and build 5,000 new homes over the next […] Posted by: David Gilbank Read more
MFS Secures Over £1bn in Institutional Funding to Boost Loan Growth Jul 22, 2024 Market Financial Solutions (MFS) has renewed and increased multiple institutional funding lines, securing over £1 billion to support its expanding loan book and enhance its product offerings. The new funding includes committed resources for long-term commercial real estate (CRE) loans, large loans of £5 million and above, and MFS Bridge Fusion loans with terms of […] Posted by: David Gilbank Read more
Blackburn Greenlights Major Housing Development for Nearly 600 Homes Jul 22, 2024 Councillors in Blackburn have approved full planning permission for Persimmon Homes Lancashire’s extensive project to construct 553 new homes off Heys Lane, with outline approval for an additional 45 residences. This approval initiates the transformation of a 101-acre site near Blackburn town centre into a substantial residential area. Persimmon Homes plans to develop a diverse […] Posted by: David Gilbank Read more
New Partnership Announced for Bath Quays North Regeneration Jul 22, 2024 Bath & North East Somerset Council and the University of Bath have announced a new partnership to develop the Bath Quays North site, following the expiration of the previous development agreement with L&G. The two organisations have signed a Memorandum of Understanding (MoU) to collaborate on a vision for the future of this prime riverfront […] Posted by: David Gilbank Read more
Fattal Hotels Secures £525m Loan for Refinancing Four London Properties Jul 22, 2024 Fattal Hotel Group has announced the securing of a £525 million senior loan from Cheyne Capital to support the refinancing of four London hotels. The deal also includes participation from Migdal Insurance Company. This move aims to bolster the group’s operations in the UK’s capital, enhancing the properties under the Leonardo Hotels brand. The hotels […] Posted by: David Gilbank Read more
ASK Partners Provides Loan for Major Mixed-Use Development in East London Jul 19, 2024 ASK Partners has provided a loan to HUB Residential and H.I.G. Capital for the acquisition of Finsgate House in East London. The joint venture aims to secure planning consent for a mixed-use development on the site, located near Old Street roundabout. The loan will facilitate the redevelopment of three interconnected office buildings into a residential-led […] Posted by: David Gilbank Read more
Weaver Vale Housing Trust Expands with Acquisition in Cheshire Jul 19, 2024 Weaver Vale Housing Trust (WVHT) has expanded its portfolio by acquiring 89 homes from Auxesia Homes, a private housing provider in northern England. This acquisition increases WVHT’s total holdings to over 6,500 properties throughout Cheshire. The newly acquired properties, located in areas such as Moulton, Kelsall, and Wilmslow, include a mix of affordable rent and […] Posted by: David Gilbank Read more
Newcastle University Unveils £250m Student Accommodation Redevelopment Jul 19, 2024 Newcastle University has announced a £250 million redevelopment of its Castle Leazes site, aiming to provide modern accommodation for 2,011 students. The project, approved by the city council, includes the demolition of the outdated 1960s student housing block and the creation of a new student village. The redevelopment, a joint effort between Newcastle University and […] Posted by: David Gilbank Read more
Salford Approves Plans for Major Logistics Development ‘Halo West’ Jul 19, 2024 Salford City Council has approved plans for a new 108,553 sq. ft. logistics and industrial development named Halo West, submitted by Peel Waters. The site, located off Liverpool Road in Eccles, Salford, will transform a former waste recycling facility into a well-connected employment hub. The development, designed by Peel Waters in collaboration with AEW, Langton […] Posted by: David Gilbank Read more
Harbour Hotels Acquires Rothay Garden in the Lake District for Expansion Jul 19, 2024 Harbour Hotels Group has acquired Rothay Garden hotel in Grasmere, Lake District, aiming to expand its presence in northern England. The financial details of the transaction remain undisclosed. The 32-bedroom Rothay Garden hotel will be rebranded as Rothay Garden by Harbour Hotels and will undergo a “non-intrusive” refurbishment. The hotel will continue to operate during […] Posted by: David Gilbank Read more
