Amro Acquires Lewisham Retail Park with GDV £400m May 17, 2024 Amro has announced the acquisition of Lewisham Retail Park in South East London, marking the beginning of their largest and most ambitious project to date. The company plans to transform the site into a landmark residential-led development, estimated to have a gross development value (GDV) of around £400 million. The new development will deliver approximately […] Posted by: David Gilbank Read more
Area Around UKREiiF in Leeds Sees Business Boom May 17, 2024 The LS10 postcode in Leeds, home to the Royal Armouries where UKREiiF will be held in the next few days, has experienced a 31% increase in active businesses over the past year, according to new research from spatial intelligence app EvaluateLocate. The district, which stretches south from the Royal Armouries along the River Aire through […] Posted by: David Gilbank Read more
Simon Carter Acquires British Land Company Shares May 17, 2024 Simon Carter, an insider at British Land Company PLC has purchased shares of the company’s stock. The transaction saw Carter acquire the shares at an average price of 404 pence per share. British Land’s stock opened at 405 pence on Friday. Over the past year, the company’s shares have fluctuated between a low of 287.30 […] Posted by: David Gilbank Read more
Ascent Homes Aims to Double Turnover and Expand Workforce May 17, 2024 A Northumberland-based housing developer has unveiled plans to double its turnover to £80 million and expand its workforce significantly. Having recently increased its staff from 40 to 70 employees, Ascent Homes aims to grow this number to over 100 within the next year. To achieve its goals, Ascent Homes will add four new sites across […] Posted by: David Gilbank Read more
Sirius Real Estate Issues £51.6m of New Notes May 17, 2024 Sirius Real Estate, the leading owner and operator of branded business and industrial parks providing conventional space and flexible workspace in the U.K. announces that it has issued £51.6 million nominal value of notes (the “Issuance”) to be consolidated and form a single series with the £259.3 million 1.75% bonds due November 2028, issued originally […] Posted by: David Gilbank Read more
GRE Finance lends £10m for office redevelopment and value-add hotel projects May 17, 2024 GRE Finance, a specialist lender to the UK Real Estate market, has completed two loans, worth c. £10 million, secured against a £50m GDV planning reposition deal and an operational country house hotel, as the firm continues to expand its loan book amid significant opportunities for lending against value-add real estate assets. GRE Finance has […] Posted by: David Gilbank Read more
Speakers unveiled for West Midlands UKREiiF programme May 16, 2024 The trio will join a diverse delegation of real estate experts and local authority leaders on the West Midlands pavilion at the UK’s Real Estate and Infrastructure Investment Forum (UKREiiF). Led by West Midlands Mayor Richard Parker, the West Midlands will exhibit collectively at UKREiiF for the first time, the West Midlands will exhibit collectively […] Posted by: David Gilbank Read more
UKREiiF-Bound Blackpool Launches Major Housing Regeneration Project May 16, 2024 Blackpool is set to begin the first phase of a 20-year plan to transform housing in its inner areas, focusing on the regeneration of deprived neighbourhoods behind the resort’s famous Golden Mile. Councillors will meet to agree on the initial steps of the extensive scheme, which follows the announcement of £90 million in government Levelling […] Posted by: David Gilbank Read more
IJM and Network Rail to Develop Eight New Sites in Central London May 16, 2024 IJM Land Bhd, the property arm of IJM Corporation Bhd, has announced securing eight central London sites for development in partnership with Network Rail Property. The planned development could result in approximately 1,600 new homes with an estimated gross development value exceeding £3 billion (RM17.8 billion). The sites collectively offer up to 3.55 million square […] Posted by: David Gilbank Read more
New Reserved Investor Fund to Boost Town Centre Regeneration May 16, 2024 The new Reserved Investor Fund (RIF) is set to unlock billions for town centre regeneration and achieving net zero targets. The RIF, expected to be available to investors after the Royal Assent to the forthcoming Finance Bill 2024, has garnered widespread industry support. The RIF legislation is advancing quickly through the latter stages of the […] Posted by: David Gilbank Read more
