LGPS Central Channels £200 Million into M&G’s Newest Real Estate Debt Fund Offering Mar 12, 2024 In a significant financial manoeuvre, Midlands-based LGPS Central has channelled £200 million into M&G Investments’ most recent offering of real estate debt funds, demonstrating a robust commitment to the property sector. The investment forms part of a larger financial infusion that saw the funds achieve an initial close at approximately £350 million, courtesy of contributions […] Posted by: Mya Driver Read more
Liverpool Council buys Former Police Station for £13m Mar 11, 2024 Liverpool City Council has acquired the former Smithdown Lane police station. This acquisition is a cornerstone of the wider Paddington Village development project, aimed at bolstering the city’s position as a leading centre for education and life sciences. Last month, Liverpool Council confirmed its intention to purchase the site from Merseyside Police, sparking discussions on […] Posted by: Mya Driver Read more
100% council tax premium on LT Empty Homes Mar 11, 2024 Effective from 1 April, the UK’s Department for Levelling Up, Housing, and Communities, along with Simon Hoare MP, have announced the implementation of stricter measures aimed at addressing the issue of long-term vacant properties. The revised legislation mandates a 100% council tax premium on homes left empty for more than a year, a significant reduction […] Posted by: Mya Driver Read more
UK’s De Vere Hotels Parent Eyes Public Listing in Ambitious Merger Mar 11, 2024 Starwood Capital Group, the US-based owner of the prestigious De Vere hotel collection, has announced plans for a strategic merger with Jaws Mustang Acquisition Corp, setting the stage for a public listing that could reshape its footprint in the hospitality industry. This move aims to bolster the presence of the De Vere brand, renowned for […] Posted by: Mya Driver Read more
Development Opportunity? Prime Birmingham Abandoned Plot Eyes Revival Mar 11, 2024 In the heart of Birmingham, a once bustling shopping centre presents a prime opportunity for developers to transform the area with investment. The former Poolway Shopping Centre site, a derelict piece of land offers excellent redevelopment value. The Poolway Shopping Centre, a cornerstone of the Garrett’s Green estate, was demolished in 2018 with high hopes […] Posted by: Mya Driver Read more
AXA IM Alts secures £480 million development loan for landmark net-zero London office scheme, 50 Fenchurch Street Mar 11, 2024 AXA IM Alts, a global leader in alternative investments with €183 billion of assets under management[1], has secured a £480 million construction loan from Cale Street, the real estate investment and finance firm, to fund the development of its 650,000 sq ft (60,000 sqm) next generation office building at 50 Fenchurch Street. This transaction represents one of […] Posted by: Mya Driver Read more
Manchester’s Holt Town Set for Transformation with 4,500-Home Development Plan Mar 8, 2024 Manchester City Council has chosen Studio Egret West to formulate a visionary regeneration plan aimed at revitalising 74 acres of formerly industrial land into a vibrant new community. The project, set to unfold over the next decade, envisions the creation of approximately 4,500 new homes in the Holt Town area, located strategically between Eastlands and […] Posted by: Mya Driver Read more
Somerset Council Eyes Sale of County Hall Section to Cut Costs and Generate Funds Mar 8, 2024 Somerset Council is contemplating the sale of a portion of its County Hall premises in Taunton. The move comes as the newly formed unitary authority, established in 2023 following the merger of five councils, finds itself with an excess of office space. C Block, located within the County Hall complex, has been identified as a […] Posted by: Mya Driver Read more
£2 Billion Regeneration Effort to Revitalise Royal Docks Announced Mar 8, 2024 London’s Royal Docks is set for a £2 billion regeneration, announced by Mayor Sadiq Khan, aiming to breathe new life into the historic area. The ambitious plan seeks a fresh development partner for the Royal Albert Dock, following a previous initiative that failed to draw Asian businesses, leaving the site with vacant office blocks. Khan’s […] Posted by: Mya Driver Read more
Exodigo secures significant funding to expand UK operations Mar 8, 2024 An underground mapping startup has brought in more than £82m from its latest funding round to help bring artificial intelligence to the UK infrastructure industry. Exodigo – for whom former Crossrail CEO Simon Wright OBE acts as an advisor – will use the capital to invest in its UK and European team and expand its range […] Posted by: Mya Driver Read more
