Kennedy Wilson expands global industrial platform with acquisition of 300,000 sq ft industrial property in West London Jun 25, 2024 Global real estate investment company Kennedy Wilson (NYSE: KW) and its partner have acquired Heathrow Estate, a high quality multi-let industrial property in a prime distribution location in West London for $111 million, excluding closing costs. The income producing asset, which comprises a total of approximately 300,000 square feet of modern warehouse and ancillary office […] Posted by: Mya Driver Read more
Expressions of Interest open for East Bank Urban Village Jun 25, 2024 Hull City Council has launched its strategically important East Bank Urban Village project to market, opening Expressions of Interest (EOI) to secure a lead development partner to deliver the scheme. Following interest in the site being expressed by a range of developers, this is the first formal phase of procurement as the council seeks to […] Posted by: Mya Driver Read more
LHV Bank Facilitates £7m Residential Property Purchase in Surrey Jun 24, 2024 LHV Bank has successfully funded a £7 million loan for the acquisition of a substantial residential investment property in Surrey. The property, previously converted from an office building, was acquired by an experienced property investor. The loan arrangement was introduced by Alex Haffner of Fusion Funding. The client had secured a competitive price contingent on […] Posted by: Mya Driver Read more
Starlight Investments Acquires 232-Suite Development in Dartford Jun 24, 2024 Starlight Investments, a global real estate investment and asset management firm, has finalised the acquisition of a seven-building Build-to-Rent (BTR) community under development in Dartford, Kent, from Bellway London. The new development will feature 232 fully furnished rental suites, including studios, one-bedroom, two-bedroom, and three-bedroom units, along with 163 parking spaces. The project, set to […] Posted by: Mya Driver Read more
Birmingham Council to Tender £265m Energy Retrofit Programme Jun 24, 2024 Birmingham City Council is set to appoint up to five specialist contractors for a £265 million programme aimed at enhancing the energy efficiency of 3,000 homes annually. In an unconventional approach, the council will charge the selected firms an annual fee. This fee will cover the council’s costs in targeting and promoting Energy Company Obligations […] Posted by: Mya Driver Read more
£28.75m Sale of Student Accommodation in Newcastle Jun 24, 2024 Global property consultancy Knight Frank has facilitated the sale of a purpose-built student accommodation (PBSA) asset in Newcastle for £28.75 million. Located in the vibrant Quayside area, the property comprises 416 beds and offers a mix of en-suite rooms and studios, along with amenities such as a cinema room, laundry facilities, and bicycle storage. “This […] Posted by: Mya Driver Read more
Developer Capital & Centric Eyes Gateshead for Regeneration Jun 24, 2024 Capital & Centric, renowned for revitalising historic buildings, is set to embark on regeneration projects in Gateshead. The Manchester-based developer, known for transforming challenging brownfield sites, has identified Gateshead and the North East as key areas for its expansion. Capital & Centric’s founders, Tim Heatley and Adam Higgins, have built a reputation through their appearances […] Posted by: Mya Driver Read more
Warehouse REIT’s progressing disposal plan with £57.5 million of sales Jun 24, 2024 Warehouse REIT, the multi-let warehouse investor, announces that it has completed on the sale of £57.5 million of single-let assets in three separate transactions. The combined sales price is in line with the 31 March 2024 valuation and represents a net yield on passing rent of 5.8%. This brings total sales since our deleveraging plan […] Posted by: Mya Driver Read more
Caddick Plans 360,000 sq ft Logistics Development in Wigan Jun 21, 2024 Caddick Developments has applied for planning permission to create 360,000 sq ft of logistics space at Ashton Park in Ashton-in-Makerfield, Wigan. The project will extend the existing South Lancashire Industrial Estate and can be built as either one or multiple units. The development aims for a BREEAM Excellent rating, incorporating features such as electric vehicle […] Posted by: Mya Driver Read more
TfL Allocates Additional £30M for 2024-25 Infrastructure Improvements Jun 21, 2024 Transport for London (TfL) has increased its budget for infrastructure improvements by £30 million for the 2024-25 financial year. This funding boost supports ongoing upgrades across the Tube network, Docklands Light Railway (DLR), High Speed 2 (HS2), the East London Line, and London Trams. A report to the Programme and Investment Committee details the additional […] Posted by: Mya Driver Read more
