OakNorth provides £77m loan to Staycity Group as aparthotel business looks to triple in size by 2029 Feb 12, 2025 OakNorth, the digital bank for entrepreneurs, has completed a £77m loan to Staycity Group, the Irish-owned, pan-European aparthotel business which is looking to triple in size over the next five years. Staycity, founded in Dublin in 2004, has two aparthotel brands – Staycity Aparthotels and the lifestyle brand Wilde. The group currently operates 6,000 keys across 36 aparthotels in […] Posted by: Deividas Krupstas Read more
Regeneration plans for Chorlton’s former shopping centre set for submission Feb 12, 2025 Major plans to transform the former Chorlton Cross Shopping Centre into a thriving new neighbourhood will shortly be submitted to Manchester City Council. Brought forward by Manchester-based PJ Livesey, in partnership with the Greater Manchester Pension Fund, the plans look to create a diverse mix of homes and revitalised retail spaces that will create a […] Posted by: Deividas Krupstas Read more
Woodbourne Group completes £6.5m Lidl deal with Realty income Feb 12, 2025 Realty Income, an S&P 500-listed investor, has acquired the freehold interest in a Lidl store at Redditch in a £6.497 million deal with Woodbourne Group. The supermarket opened in July 2022 following a major redevelopment of the Battens Drive site by Woodbourne Group, creating around 40 new jobs. Prior to the redevelopment, Birmingham-based Woodbourne Group […] Posted by: Deividas Krupstas Read more
Standard Life completes £250m buy-in with the Finning Pension Scheme Feb 12, 2025 Standard Life, part of Phoenix Group, has successfully concluded a £250m Bulk Purchase Annuity transaction with the Finning Pension Scheme, which is sponsored by Finning (UK) Ltd., a Caterpillar machinery dealership. This full scheme buy-in transaction, which completed in December 2024, covers all c. 2,170 members of the Scheme. The Trustee and sponsor collaborated closely […] Posted by: Deividas Krupstas Read more
Puma Property Finance facilitates a £43m loan for Newcastle PBSA development Feb 6, 2025 Puma Property Finance (“Puma”) today announces it has facilitated a £43 million loan to Vita Group to fund the development of a new 260-bed purpose-built student accommodation (PBSA) scheme in Newcastle. This latest scheme follows Puma’s recent partnership with Vita on a 268-bed PBSA development in Edinburgh in December 2024.The Newcastle development is in the […] Posted by: Deividas Krupstas Read more
Caddick gets green light on 360,000 sq ft Ashton Park development Feb 6, 2025 Wigan Council has granted outline approval on Caddick’s Ashton Park development, a 360,000 sq ft industrial scheme set to deliver a £46m boost to the local economy. Located off Lockett Road in Ashton-in-Makerfield, the 19-acre site is situated at the edge of the existing South Lancashire Industrial Estate and offers convenient access to J23, 24 […] Posted by: Deividas Krupstas Read more
Places for People acquire land to deliver over 1,300 new homes in Edinburgh Feb 5, 2025 The UK’s leading social enterprise, Places for People, has secured land on the outskirts of Edinburgh to bring forward over 1,300 new homes. The organisation who supplied over 1,700 new homes in the last year acquired the 110-acre site from Murray Estates in its ambition to deliver more new homes to meet rising demand across […] Posted by: Deividas Krupstas Read more
Scannell and Royal London Asset Management Property received final go-ahead for 33-acre logistics scheme in Tunbridge Wells Feb 5, 2025 Scannell Properties and Royal London Asset Management Property have received detailed planning permission for TN2 Gateway, a new development of prime warehouse and industrial facilities in Tunbridge Wells, Kent. Construction has now started on the scheme which will deliver over 500,000 sq ft of much-needed warehousing accommodation with ancillary office space. The development comprises nine […] Posted by: Deividas Krupstas Read more
Birmingham scores transformative investment into new Sports Quarter Feb 5, 2025 US company Knighthead has invested £100 million into East Birmingham, showing how the Government’s Plan for Change is boosting jobs and opportunities in the West Midlands. The new site is estimated to create 8,400 new jobs annually in Birmingham while also supporting the wider city and West Midlands. The investment will pave the way for […] Posted by: Deividas Krupstas Read more
£20m Loan Funding Agreed for Wavensmere’s £150m Wolverhampton Canalside South Feb 5, 2025 £20m of development funding for the Canalside South regeneration scheme in Wolverhampton was today announced by Richard Parker, Mayor of the West Midlands. The West Midlands Combined Authority (WMCA) has provided the loan facility to Wavensmere Homes to bring about the £150m redevelopment and provide hundreds of new homes, including 109 affordable plots. The 17.5-acre […] Posted by: Deividas Krupstas Read more
