PIC releases 306 new homes to rent at Arbour Development in Milton Keynes Sep 23, 2024 Pension Insurance Corporation plc (“PIC”), a specialist insurer of defined benefit pension funds, is pleased to announce the practical completion of Arbour, a landmark Build-to-Rent scheme located in the heart of central Milton Keynes. The £80 million redevelopment of a brownfield site provides 306 residential apartments purpose- designed for rent, 43 of which are offered […] Posted by: Deividas Krupstas Read more
North of England’s largest Premier Inn set to land at MIX MANCHESTER Sep 23, 2024 Premier Inn has agreed terms with MIX MANCHESTER to build a 276-bedroom hotel within the development’s hotel district only 400m from Manchester Airport’s Terminals 1 and 2 Whitbread PLC, the parent company to Premier Inn, and MIX MANCHESTER have announced plans to develop the largest Premier Inn in the north of England at Manchester Airport. […] Posted by: Deividas Krupstas Read more
Firethorn Trust receives green light on plans for landmark London conversion Sep 23, 2024 UK real estate investor, developer and asset manager, Firethorn Trust, has secured planning permission to convert One Bessborough Gardens into residential accommodation. Situated in the City of Westminster, the four-storey site, which overlooks Bessborough Gardens and the River Thames, is a former office building spanning 70,000 sq ft. Firethorn acquired the asset in June 2024, […] Posted by: Deividas Krupstas Read more
Watkin Jones practically completes on 335-bed PBSA scheme in Bath Sep 20, 2024 Watkin Jones, the UK’s leading developer and manager of residential for rent, is pleased to announce that the Group recently practically completed on a 335-bed purpose-built student accommodation (‘PBSA’) scheme called The Brook, situated in Lower Bristol Road in Bath. This milestone marks the completion of the final development in a portfolio of three PBSA […] Posted by: Deividas Krupstas Read more
Mission Street and BGO Secure Planning Consent for Landmark Life Sciences Development in Cambridge Sep 20, 2024 Mission Street, in partnership with BGO, has received planning approval from Cambridge City Council for an ambitious new life sciences development that will create a cutting-edge urban science district in the heart of the city. The project will span 23 acres and provide approximately 1 million square feet of gross internal area (GIA) across seven […] Posted by: Deividas Krupstas Read more
NewRiver REIT secures funds to table £147m Capital & Regional takeover Sep 19, 2024 NewRiver REIT has raised more than £50m via a share issue to enable them to big for Capital & Regional. The announcement – a cash and share offer – would create a shared portfolio for the businesses of nearly £900m. Newriver said that there was a “strong strategic, operational and financial rationale” for the bid, […] Posted by: Deividas Krupstas Read more
Panattoni Secures £625m loan facility for further UK projects Sep 19, 2024 Panattoni, the largest logistics developer in the UK and Europe, has successfully closed a £625 million development loan facility, which will support Panattoni’s strategic growth in the UK to invest in speculative development. Matthew Byrom, Managing Director at Panattoni remarks ”…this new £625m facility allows us to continue our ambitious growth plans for the UK […] Posted by: Deividas Krupstas Read more
GPE prices new £250m 7-year Sustainable Bond Sep 19, 2024 Great Portland Estates plc (‘GPE’) announces the pricing of its first sterling denominated senior unsecured sustainable bond (the ‘Bond’). The £250m Bond will have a term of 7 years, will bear interest at a rate of 5.375% and is expected on issue to be rated Baa2 by Moody’s Investor Services Ltd. The Bond was over […] Posted by: Deividas Krupstas Read more
Hines acquires £6.5m warehouse from Leopard Capital Sep 19, 2024 Leopard Capital, the property investment fund, has completed the off-market sale of the Booker Cash & Carry warehouse, Salfords Industrial Estate, Redhill for £6.45 million to Hines. Leopard acquired the asset in 2019 for £5.05m. The asset totals 41,802 sq ft GIA and is let for a further 2.4 years to earliest expiry. The passing […] Posted by: Deividas Krupstas Read more
Burton MP named A50/A500 parliamentary advocate Sep 19, 2024 Burton and Uttoxeter MP Jacob Collier has today been named as parliamentary advocate for the North Midlands Manufacturing Corridor. In 2022 Midlands Connect released a ‘road map’ document with a series of proposals for the A50/A500 which outlined how improvements in the route could add £12 billion to the region’s economy over the next 60 […] Posted by: Deividas Krupstas Read more
