Watford Council opens tender process on £200m redevelopment joint venture Apr 14, 2021 Watford Borough Council (WBC) has opened the procurement process on a joint venture proposal to redevelop Watford’s Town Hall Quarter (THQ). Potential construction partners have until May 17 (5pm) to enter the bidding process for the £200m scheme. WBC requires a partner who can carry out preparation, design, build and finance, including (but not limited […] Posted by: Mark Flanagan Read more
DFI snaps up £35.6m Leicester student accommodation block Apr 14, 2021 Investor Deutsche Finance International (DFI) has stepped up its drive to acquire purpose-built student accommodation (PBSA) with a £35.6m purchase of a 462-bed development in Leicester. The London-based firm, which manages nearly €3bn in assets, has completed off-market with developers Watkin Jones on behalf of its pan-European Value Add Fund. The deal represents DFI’s second […] Posted by: Mark Flanagan Read more
Planning approval for flexible unit phase of £300m North East business park Apr 13, 2021 The next phase of Citrus Durham’s 3million sqft business park development just off the A1(M) in the North East has been approved by planners. The £300m Integra 61 mixed-use development near Durham is now set to be bolstered by 23 flexible units which are being delivered on a speculative basis. Amazon has already agreed to […] Posted by: Mark Flanagan Read more
The council turning care home provider again after 50-year gap Apr 13, 2021 Central Bedfordshire Council (CBC) today released details of its scheme to build its first care home in nearly 50 years. The 63-bed facility will sit on the site of the recently-demolished Magistrates Court and Police Centre in Leighton Buzzard and is due for completion by the end of next summer. The proposal, designed by Concertus […] Posted by: Mark Flanagan Read more
Scottish Power collaborates on Glasgow-based green hydrogen production hub Apr 13, 2021 Scottish Power has outlined its vision for a major green hydrogen production hub on the outskirts of Glasgow, which will include the UK’s largest electrolyser. The energy company has submitted a planning application for the 20MW low carbon fuel-producing unit plus a combined solar (40MW) and battery energy storage scheme (50MW) to help power the […] Posted by: Mark Flanagan Read more
Barings commits £250m to financing commercial property deals Apr 13, 2021 Long-term investors Barings is committing £250m for commercial property loans deals in partnership with pensions and life insurance specialist The Phoenix Group. The agreement will see the two firms build a portfolio of investment grade buy-and-hold UK commercial mortgage loan assets across a range of sectors – industrial, residential and offices – diversified across Greater […] Posted by: Mark Flanagan Read more
Head of Economic Development joins UKREiiF Advisory Group Apr 13, 2021 Regional growth expert Jen Hartley is the latest member of the UKREiiF Advisory Group, which now includes 22 of the most prominent industry figures from the public and private sectors. Jen, who is currently Head of Economic Development at Newcastle City Council and Director at Invest Newcastle, joins a hugely representative list working on the […] Posted by: Mark Flanagan Read more
CEG benefit from Aviva’s £1bn green investment fund Apr 12, 2021 Aviva Investors has completed a £72.9m sustainable transition loan agreement with Commercial Estates Group (CEG), the property investment management and development company. The deal forms part of Aviva Investors’ commitment to originating £1bn in sustainable transition real estate debt over the next four years following the launch of the ‘green’ fund in December last year. […] Posted by: Mark Flanagan Read more
Perfect Circle strengthens its framework partnership team Apr 12, 2021 Property, construction, and infrastructure consultancy Perfect Circle has added two ‘core’ partners as it takes further steps to further integrate its extensive supply chain. Starting in 2017, Perfect Circle was highly productive in leading SCAPE’s four-year Built Environment Consultancy Services (BECS) framework, delivering more than 2,600 contracts across a public sector spend of £500m in […] Posted by: Mark Flanagan Read more
Man Group bids to finance 3,500 affordable homes by 2026 Apr 12, 2021 Global investment giants Man Group today announced its intention to raise £400m for a new community housing fund, having already received £20m from Homes England, the first time the QUANGO has committed to an agreement of this type. Man Global Private Markets’ first foray into the affordable housing market has attracted investments from the likes […] Posted by: Mark Flanagan Read more
