Vita Student receives gets consent for two student accommodation builds Jul 8, 2021 Vita Student has received consent for a 496-bed scheme in Coventry city centre. The Vita Student building is part of an emerging larger mixed-use development, the Friargate Masterplan, which will contain 3 million sq ft of new development including residential, hotels and office buildings. Bowmer & Kirkland will build the scheme which has been designed […] Posted by: Nathan Spencer Read more
Orchard Street signs three tenants at prime Farrington office scheme Jul 8, 2021 Orchard Street Investment Management, the specialist commercial property investment manager, has completed three further lettings at its newly refurbished 75 Farringdon Road office building in London’s Midtown, leasing c.11,000 sq ft of space and bringing the scheme to over 60% let. Interior design brand König + Neurath has agreed to take c.4,500 sq ft of […] Posted by: Nathan Spencer Read more
United Living secures £6m Barnet Homes airspace housing development Jul 8, 2021 United Living Property Services has secured a unique development project to boost housing capacity in Edgware, London. On behalf of Barnet Homes, the £6 million project will provide 18 new flats by building an extra storey on top of 5 existing blocks along Burnt Oak Broadway. The homes are all for London Affordable Rent with […] Posted by: Nathan Spencer Read more
Golden Lane Housing raises £11m through social bond offer Jul 8, 2021 The social bond offer for Golden Lane Housing Ltd (the “Charity”) has closed early and oversubscribed after significant interest from institutional and retail investors. The offer of 3.25% social bonds due 2031, from special purpose issuer Retail Charity Bonds PLC (“RCB”) and managed by Allia C&C, was launched on 1 July 2021 and closed after […] Posted by: Nathan Spencer Read more
AXA Investment Management Alts secures new lease at 22 Bishopsgate Jul 8, 2021 AXA IM Alts, a global leader in alternative investments with c. €162 billion of assets under management, has agreed a new lease at 22 Bishopsgate, its flagship London development, having let the entire 25,376 sq ft 42nd floor to Fidelis, a leading specialty, bespoke and (re)insurance business. The letting follows a material uplift in occupier […] Posted by: Nathan Spencer Read more
Andy Burnham calls for more diversity in property sector to fuel net zero ambitions Jul 8, 2021 Andy Burnham has called for more diversity in the property sector if it is to confront the challenges of reaching net zero. He was speaking at a Regeneration Brainery event in Stockport – an interactive programme aimed at getting young people from a diverse range of backgrounds interested in a career in the built environment. […] Posted by: Nathan Spencer Read more
Newcastle City Council grant planning permission for Pilgrim Street scheme Jul 7, 2021 Avison Young welcomes the decision from yesterday’s Newcastle City Council’s Planning Committee to grant planning permission for the Pilgrim Place development at Pilgrim Street. The Taras Properties scheme is located on the eastern side of Pilgrim Street and includes the site of the former NCP car park and Worswick Street bus station and the listed […] Posted by: Nathan Spencer Read more
GRE Assets secures landmark deal with Lloyds Banking Group’s new PRS arm Jul 7, 2021 Leading UK property developer, GRE Assets is delighted to announce the sale of a residential building at Nene Wharf, Peterborough to Citra Living, a subsidiary of Lloyds Group. This marks the first deal since Lloyds announced its fund, and represents a significant vote of confidence in Peterborough as a property investment location. Overlooking the River […] Posted by: Nathan Spencer Read more
Lloyds Banking Group launches PRS brand Citra Living Jul 7, 2021 Lloyds Banking Group has launched Citra Living as part of its first step into the private rented sector (PRS). Lloyds says that Citra Living “will initially start small, with a focus on buying and renting good quality newly built properties.” It has earmarked the 45 flats at the Fletton Quays development in Peterborough as its […] Posted by: Nathan Spencer Read more
Canada Life provides £100m loan to Patrizia – secured on UK assets Jul 7, 2021 Canada Life Asset Management has completed a £101m loan to PATRIZIA AG, a leading partner for global real assets, for a fund it manages on behalf of a South Korean pension fund. The five-year loan is secured on a portfolio of five UK multi-let industrial and logistics estates with a loan-to-value ratio of 58 per […] Posted by: Nathan Spencer Read more
