Interland Group Consolidates Investment Property Loans with £66m Refinancing of Greater London Residential Portfolio Jul 20, 2023 Private real estate and renewable energy investment company, Interland, has agreed a £66.4m investment property loan with Secure Trust Bank Real Estate Finance to refinance its portfolio of residential assets across Greater London. The new 5-year agreement sees Interland refinance an existing £42.2m loan with Secure Trust Bank with a £24.2m uplift to cover additional […] Posted by: Mya Driver Read more
Plans agreed for transformation of Middlesbrough town centre Jul 20, 2023 The bright new vision for Middlesbrough’s future has been signed off by the town’s Development Corporation Board. During its meeting, the Board was asked to approve the Masterplan for the Middlesbrough Development Corporation, which aims to make the area “Bold, Industrious & Open for Business; Middlesbrough, reinvented as a great place for everyone.” Created with […] Posted by: Mya Driver Read more
Planning consent secured for Europe’s largest life sciences building at Canary Wharf Jul 19, 2023 Canary Wharf Group and Kadans Science Partner have secured planning approval from Tower Hamlets Council for the development of a state-of-the-art commercial health and life sciences building at the North Quay site, adjacent to the Crossrail Station and new Elizabeth Line at Canary Wharf, London. The 23-storey 823,000 sq ft tower will set a new […] Posted by: Mya Driver Read more
Puma Property Finance funds new purpose-built care home development in St Helens, Merseyside Jul 19, 2023 Puma Property Finance (Puma) has announced it is providing funding to Angela Swift Developments for the development of a new 64-bed care home facility in St Helens, Merseyside. The development is set to be completed late 2024 with construction starting in April 2023. The deal further underlines Puma’s commitment to the UK care home sector, […] Posted by: Mya Driver Read more
Council seeks partner to help transform Tyisha Jul 19, 2023 Carmarthenshire County Council is set to take the next exciting step in their ambitious plans to transform the Tyisha area of Llanelli with the search for a partner to re-develop several sites in the area. A formal Prior Information Notice (PIN) is now live, hosted by Sell2Wales. This provides information on the Council’s vision for […] Posted by: Mya Driver Read more
Simply Care Group secures £40m funding deal Jul 18, 2023 Simply Care Group UK (“Simply UK”), a specialist developer and operator of care homes, has completed a forward funding deal for two flagship assets in Bury St Edmunds and Dublin for a combined sum of £40m (€46.8m), equating to a net deal yield of 5.2%. The two sites, which are currently under construction, will be […] Posted by: Mya Driver Read more
Octane finalises £11 million loan for 120 units Jul 18, 2023 Octane Capital has successfully closed an £11 million funding arrangement for the remaining 120 units of a larger development comprising 213 units across Aylesbury and Maidenhead. The borrowers were nearing the end of their existing financing agreements and intended to both rent out and sell some of the remaining units. Octane Capital provided two flexible […] Posted by: Mya Driver Read more
£2.5bn Salford Crescent scheme plans submitted Jul 18, 2023 The first phase of the £2.5 billion Salford Crescent scheme, known as Crescent Innovation North, has been planned. This phase will introduce up to 933 new homes and 1.7 million square feet of commercial and academic space. Julian Stott, Development Director at ECF, expressed that the vision for Crescent is unique and they are working […] Posted by: Mya Driver Read more
United Utilities Initiates £5.5 Billion Significant Project Tender Competition Jul 18, 2023 United Utilities, a water company in the North West, has initiated a significant project bid race, with an estimated value of £5.5 billion. The company’s AMP8 and AMP9 investment plans are expected to be considerably larger than in previous years. To manage the increased workload, United Utilities has developed a model consisting of five delivery […] Posted by: Mya Driver Read more
Grosvenor kicks off £35m regional office refurbishment drive Jul 18, 2023 Grosvenor has started a £35m capital investment programme to transform its regional office portfolio into leading low carbon workspaces. Built up over the past two years, Grosvenor’s 500,000 sq. ft. regional office portfolio comprises seven offices in Manchester, Birmingham, Bristol and Leeds. Grosvenor is now repositioning them to provide best in class occupier experience and significantly enhanced environmental performance. The most extensive refurbishment is happening at 134 Edmund Street in Birmingham. The year-long programme of works includes upgrading the building’s heating and […] Posted by: Mya Driver Read more
