Greystar’s Student Roost Snaps Up Properties in Manchester and Birmingham Jul 1, 2024 Student Roost, owned by Greystar, has purchased a 1,000-bed purpose-built student accommodation (PBSA) scheme in Manchester from Whitbread. This acquisition marks the company’s first development in the city. Whitbread sold the Medlock Street site, previously earmarked for a 37-storey tower, to Student Roost. The site had planning consent for a 1,014-bed PBSA and a 13-storey […] Posted by: David Gilbank Read more
Assetz Capital Completes £5m Refinancing for Glasgow ibis Styles Hotel Jun 28, 2024 Assetz Capital has finalised a £5 million commercial mortgage to refinance the ibis Styles hotel in Glasgow. David Hehir, the relationship director at Assetz Capital, commented, “I was delighted to be able to support the re-finance of the ibis Styles Glasgow Central Hotel with a £5m debt package.” Hehir added, “We worked closely with Maven […] Posted by: David Gilbank Read more
Greater Manchester Land Available for Development Jun 28, 2024 A large site on Bury New Road in Manchester is now on the market. Previously granted planning permission for a hotel, car showroom, and storage warehouse, the plot also holds potential for residential development, according to agent Hindley Lawrence. Located just south of the Fairy Lane and Bury New Road junction, the freehold property at […] Posted by: David Gilbank Read more
Planning approved for Key Gateway Site at Manchester Waters Jun 28, 2024 Manchester City Council have approved plans submitted by Forshaw Land & Property Group to transform a vacant brownfield site at Cornbrook into a high-quality, mixed-use residential and commercial scheme. The collaboration between the Bolton based developer and waterside regeneration specialists Peel Waters will see the 1-acre plot which sits adjacent to VOX Manchester and the […] Posted by: David Gilbank Read more
Hilco Provides £13m Loan to Support Craftworks Development Jun 28, 2024 Specialist bridge lender Hilco Real Estate Finance has issued a £13m development exit loan to Craftworks, facilitating the completion of 24 luxury apartments in Denmark Hill, London. The development is noted for its visually appealing exterior and high sustainability standards. Sean Adams, managing director of HREF, remarked, “Having supported a number of development exits over […] Posted by: David Gilbank Read more
Belfast Harbour’s £60m City Quays 5 Project Approved Jun 28, 2024 Belfast Harbour has received planning permission to proceed with the construction of a nine-storey building, the latest addition to its City Quays project. The development, which will primarily consist of office space, will feature hospitality facilities on the top floor and retail units on the ground floor. This marks the fourth phase of the City […] Posted by: David Gilbank Read more
Regional REIT Initiates £110.5m Capital Raising Jun 27, 2024 Regional REIT has announced a £110.5 million capital raising initiative through a placing fully underwritten by Bridgemere Investments, part of the Bridgemere group established by Steve Morgan CBE. The raising involves issuing 1,105,149,821 new ordinary shares at 10 pence per share. This capital raising will allow Regional REIT to repay its £50 million Retail Bond, […] Posted by: David Gilbank Read more
Rangeford Villages to Develop New Retirement Community in Elstree Jun 27, 2024 Rangeford Villages, a provider and operator of later living communities, has exchanged contracts to purchase land on Allum Lane, pending planning permission. The company has already submitted a detailed planning application. The planned development will feature 150 units, including one, two, and three-bedroom apartments, as well as two and three-bedroom bungalows. Additionally, the project includes […] Posted by: David Gilbank Read more
Sable Capital Acquires Hackney Wick Build-to-Rent Scheme for £250m Jun 27, 2024 Sable Capital has made its latest purchase in London, acquiring a residential development in Hackney Wick for £250 million. The deal, finalised on 27 June 2024, was funded through Sable’s UK Build-to-Rent (BTR) fund. This acquisition follows the firm’s initial investment in Nine Elms, furthering their strategy to expand their presence in London’s rental market. […] Posted by: David Gilbank Read more
Microsoft Chooses Leeds for £106.6 Million Hyperscale Datacentre Jun 27, 2024 Microsoft, one of the world’s largest organisations and most recognisable brands, has chosen to set up a new hyperscale datacentre in Leeds. This momentous move involves the purchase of 48 acres at Skelton Grange from Harworth for £106.6 million. The transaction will occur in two phases: 27 acres by late 2024 and 21 acres by […] Posted by: David Gilbank Read more
