ASK Partners Funds £18.2m Loan for Chiswick Tower Revamp Apr 19, 2024 ASK Partners, a specialist property lender, has provided an £18.2 million senior loan facility to facilitate the acquisition of Chiswick Tower by a private client investor. The loan, structured for a 24-month term, aims to support the redevelopment of this West London office block into a modern co-living space. Located in the affluent Chiswick area, […] Posted by: Mya Driver Read more
Coventry Building Society Set to Acquire Co-op Bank for £780 Million Apr 19, 2024 Coventry Building Society has reached an agreement to acquire The Co-operative Bank for a sum of up to £780 million, marking a major expansion in the UK financial services sector. This deal has been under discussion for several months and is set to elevate the combined entity’s balance sheet to £89 billion. This acquisition is […] Posted by: Mya Driver Read more
Wavensmere Homes’ £75m Plans for Derby’s Friar Gate Goods Yard Recommended for Approval Apr 18, 2024 Plans submitted by Wavensmere Homes and Clowes Developments for the redevelopment of the city’s historic Friar Gate Goods Yard have been recommended for approval by Derby City Council’s planning officials. The detailed design proposals – submitted in August 2023 – set out the vision for the reanimation of two landmark Grade II listed buildings into […] Posted by: Mya Driver Read more
CapitalRise Secures £6.5 Million Loan for Mayfair Luxury Dwelling Development Apr 18, 2024 CapitalRise, a property finance lender, has confirmed a £6.5 million development loan for the refurbishment of a Mews House in Mayfair, one of London’s most sought-after districts. This financial support will enable the transformation of the terraced house into a luxurious three-bedroom home. The property, which spans five floors, is set to undergo significant enhancements. […] Posted by: Mya Driver Read more
Salboy and DOMIS Unveil New £84.5 Million Residential Tower in Manchester’s Greengate Area Apr 18, 2024 Salboy Group, in partnership with construction firm DOMIS, has announced the launch of a new £84.5 million residential development in Manchester’s Greengate district. This marks the duo’s tenth development in central Manchester over the past seven years. Named Obsidian, the project features a 26-storey tower which will house 250 residential units. The breakdown includes 30 […] Posted by: Mya Driver Read more
Palace Capital Reports Active Property Disposals for £15.3 million Apr 18, 2024 Palace Capital plc (LSE: PCA) has released an update regarding its recent property disposals and debt reduction efforts since its last announcement on 7 February 2024. The company has successfully sold five investment properties for a total of £15.3 million. These transactions, which include notable properties like Kiln Farm in Milton Keynes and Sandringham House […] Posted by: Mya Driver Read more
Hilton Expands Lifestyle Hotel Portfolio with Acquisition of NoMad Apr 18, 2024 Hilton has announced the acquisition of the NoMad hotel brand, significantly enhancing its lifestyle hotels division. This strategic addition follows the company’s recent acquisition of Graduate Hotels, reinforcing its focus on the boutique and lifestyle hotel segment. The NoMad brand was developed by the Sydell Group, known for its innovative approach to hospitality, encompassing lodging, […] Posted by: Mya Driver Read more
Regent Acquisitions Limited Set to Buy TClarke for £90.56 Million Apr 18, 2024 Regent Acquisitions Limited has agreed to a £90.56 million cash offer to acquire TClarke, a major player in the UK’s building services sector. This deal encompasses the entire issued and to be issued share capital of TClarke, valuing the company’s shares at approximately £90.56 million. Established in 1995 and led by CEO Deep Valecha, the […] Posted by: Mya Driver Read more
South Gloucestershire Council Set to Approve Over 20,000 New Homes by 2040 Apr 18, 2024 The leader of South Gloucestershire Council has outlined a plan to address the housing shortage in the district by setting the stage for the construction of over 20,000 new homes by 2040. This ambitious plan includes developing more than 7,000 homes on previously undeveloped land. The emerging Local Plan details the allocation of these new […] Posted by: Mya Driver Read more
Aberdeen’s Annan House Acquired by Israeli Firm for £32 Million Apr 18, 2024 In a noteworthy transaction, an Israeli investment company has completed the purchase of Annan House in Aberdeen, sealing the deal at £32 million, a figure considerably less than the original £42 million asking price. Situated in the North Dee Business Quarter, the 120,000 square foot office block had been on the market since last year, […] Posted by: Mya Driver Read more
