Urban Logistics REIT secures four assets Sep 17, 2024 Having successfully refinanced its £151m debt facility, FTSE 250 company Urban Logistics REIT has deployed funds to secure four logistics assets totalling £42.4m. The business has replaced its existing £100m term loan and £51m revolving credit facility with a new £140m term loan and £50m revolving credit facility. The four strategic assets will achieve a […] Posted by: Deividas Krupstas Read more
Plans submitted for 23-storey Manchester BtR scheme Sep 17, 2024 Plans have been lodged for an exciting new multi-million-pound sustainable build-to-rent (BTR) development in Manchester. Property investment and development company Zephyr X has submitted proposals to Manchester City Council for a 23-storey residential scheme at the corner of Carnarvon Street and Cheetham Hill Road in the city centre. The proposals by Zephyr X, which has […] Posted by: Deividas Krupstas Read more
Weston Homes secures 6.23-acre Surrey site in £33m deal Sep 16, 2024 Multi award-winning developer Weston Homes has exchanged contracts to acquire the former Sergeants’ Mess in the village of Deepcut, Surrey. A grand Edwardian style building with rich military heritage, it is set to become a £32.5 million (GDV) scheme comprising 70 homes, with a mixture of converted and new build market sale and shared ownership […] Posted by: Deividas Krupstas Read more
David Wilson Homes secured land for 500 homes in Coventry Sep 16, 2024 Henry Boot has announced that its land promotion and planning business, Hallam Land (Hallam), has completed the sale of 491 residential plots at Pickford Gate, Coventry to the David Wilson Homes division of national housebuilder Barratt Developments. The sale resulted in an ungeared internal rate of return of 19.4% p.a., with payment phased over 2024 […] Posted by: Deividas Krupstas Read more
New world-leading data centre on the horizon for Hertfordshire Sep 12, 2024 Planning has been submitted by DC01UK for a new, state-of-the-art data centre situated in Hertsmere, Hertfordshire. The proposed best-in-class facility would be one of the largest data centre campuses in Europe, catering for up to two million square feet of floor space, set in the grounds of 85 acres adjacent to the A1 and M25, […] Posted by: Deividas Krupstas Read more
Harworth announces Half Year Results for 2024 Sep 12, 2024 Highlights Lynda Shillaw, Chief Executive of Harworth, commented: “Harworth continues to consistently deliver strong progress against its strategic objectives and we remain on track to reach £1 billion EPRA NDV by the end of 2027. In June we announced that the Group would increase its focus on Industrial & Logistics direct development, with an intention […] Posted by: Deividas Krupstas Read more
M&G sees “high-end” recovery in London’s West End as it strikes deal on prime retail assets Sep 12, 2024 M&G announces that it has extended a sizeable commercial real estate loan secured against a multi-million pound portfolio of super-prime central London retail assets in Mayfair including the Gucci store at 144/146 New Bond Street and a significant portion of retail and residential assets on St Johns Wood High Street. It reflects the rebound in […] Posted by: Deividas Krupstas Read more
Scottish Government launch Green Industrial Strategy Sep 11, 2024 A focused strategy has been launched to place Scotland at the forefront of the net zero economy, with targeted actions to secure growth and investment. Delivered as part of the Programme for Government, the Green Industrial Strategy sets out five priority areas where efforts and resources will be concentrated. These are: A range of specific actions […] Posted by: Deividas Krupstas Read more
Bloor Homes secures outline planning for 650 homes Sep 11, 2024 Housebuilder Bloor Homes has secured outline planning permission to develop 650-homes. The plans for ‘Cheshire Growth Village’ would see the homes built over a 97-acre site alongside village amenities and shops such as retail units. The plans come at a time where the newly elected UK Government focus energy on creating new towns and villages […] Posted by: Deividas Krupstas Read more
Amazon to invest £8bn into UK data centres over 5-years Sep 11, 2024 Amazon and the UK Government has announced plans to invest £8bn into the UK data centres sector over the next five years. The Labour Party, who’ve called in previously rejected data centre applications since taking to office since the General Election, is focusing on the data centre sector to provide an economic boost, and it […] Posted by: Deividas Krupstas Read more
