Hammerson raises £330m in exiting retail park sector Apr 22, 2021 Real Estate investors Hammerson has sold the remainder of its retail parks to Canadian asset management firm Brookfield. The £330m cash deal, involving seven locations, follows on from three other minority share sales and takes the gross value of its 2021 disposals to £403m. The money will be used to pay down the company’s debt, […] Posted by: Mark Flanagan Read more
Muse promises net-zero first for North East Apr 21, 2021 The first North East-based office development that is committed to being ‘net zero in operation’ has been approved by South Tyneside planners. Muse Developments’ 50,000 sqft Glassworks scheme will run solely on 100% renewable electricity complete with a 3,200 sqft solar array on its roof. It is designed to be fossil-fuel free, ultra-low energy and […] Posted by: Mark Flanagan Read more
‘It’s always good when we all get together’ Apr 21, 2021 Manchester City Council chief executive Joanne Roney highlighted the importance of senior industry figures, across all sectors, meeting up en masse when she spoke at UKREiiF’s latest monthly webinar. Joanne was joined by three other members of UKREiiF’s Advisory Group as she outlined why an event like UKREiiF has been badly missed. The first annual […] Posted by: Mark Flanagan Read more
Profitable Kier outlines path to debt-free existence Apr 21, 2021 The Kier Group today confirmed it was pushing ahead with a new share issue as it announced it has returned to half-year profits. The Manchester-based construction giants, fresh from selling its housebuilding arm Kier Living for £110m, has released details of its plans to raise in the region of £200m via the equity raise. Latest […] Posted by: Mark Flanagan Read more
South West logistics park developer lines up leading parcel delivery firm Apr 21, 2021 Commercial property developer Stoford claims a leading parcel delivery company will be the next occupier to move to Exeter Logistics Park, if plans are approved for the latest stage of development at the industrial scheme in East Devon. Stoford has submitted two reserved matters planning applications to East Devon District Council, for two new building […] Posted by: Mark Flanagan Read more
Firms plan two-year, £600m assault on homes for rent Apr 21, 2021 Two key players in the UK residential rental market have joined forced to target a £600m buy up of professionally managed homes for rent during the next two years. The Partnership created by the Moorfield Group, the real estate fund manager, and Bricklane, the proptech residential investment platform, aims to acquire around 2,000 one-to-four bedroom […] Posted by: Mark Flanagan Read more
‘Transformative effect’ of £300m East Mids food production hub Apr 20, 2021 One of the most significant industrial developments in the East Midlands of the last 40 years has been okayed by planners. SmartParc’s £300m food production hub in Derby could lead to the creation of 5,000 jobs and the 2.4million sqm facility is expected to be operational by the end of the year. The 155-acre site, […] Posted by: Mark Flanagan Read more
Former Persimmon boss to chair bought-out Avant Homes Apr 20, 2021 Former Persimmon CEO Jeff Fairburn is the new chairman of Avant Homes after its takeover by developer Berkeley DeVeer and asset management firm Elliott Advisors Ltd was confirmed today. Under its new ownership, Derbyshire-based Avant Homes will continue to be led by the existing management team. COO Mark Mitchell will become CEO on May 1, […] Posted by: Mark Flanagan Read more
Government’s £2.4bn support package for British firms investing overseas Apr 20, 2021 UK Export Finance (UKEF) provided more than £2.4bn of financial support to UK businesses investing in sustainable overseas projects last year according to new government data released today. At the outbreak of the pandemic it was unclear how many projects would continue to be financed but an independent assessment of national export credit agencies, released […] Posted by: Mark Flanagan Read more
Octopus and Schroders target retirement village developments Apr 20, 2021 Investors Octopus Real Estate and asset managers Schroders Real Estate have formed a Joint Venture to fund retirement villages in partnership with market leader Elysian Residences. The proposals are targeting close to £200m of GDV with the first development planned for Berkhamstead in Hertfordshire later this year. The ongoing investment in the retirement sector is […] Posted by: Mark Flanagan Read more
