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
North Somerset launches Consultation for Local Plan Apr 18, 2024 North Somerset Council is undertaking another round of consultation on its draft Local Plan. This is set to take place during the summer. The council began preparing a new Local Plan for North Somerset in 2020. This document identifies where development can and cannot take place in the area, and guides investment for new housing, […] Posted by: Mya Driver Read more
City Corporation resolves to grant permission for London Wall West development proposals Apr 17, 2024 The City of London Corporation Planning Applications-Sub Committee has, today, resolved to grant permission for the redevelopment of the 140 and 150 London Wall sites, known as Bastion House and the former Museum of London. With employment in the City projected to rise significantly in the coming years, the scheme will deliver around 56,000 sqm […] Posted by: Mya Driver Read more
Land at King’s Lynn to Barratt and David Wilson Homes to provide 574 homes Apr 17, 2024 National property consultancy, Carter Jonas, acting on behalf of a private landowner client, has completed the sale of a residential development site at King’s Lynn to Barratt Homes. This follows Carter Jonas having obtained planning consent on behalf of the developer in November 2023. The 38.2 hectares (94.39 acres) site, known as Knight’s Hill, will […] Posted by: Mya Driver Read more
Developer Honey gets funding with OakNorth Bank Funding Apr 17, 2024 Honey, a small to medium-sized enterprise (SME) housebuilder backed by OakNorth Bank, is set to enhance Yorkshire’s residential scene with two new housing schemes in Huddersfield and Maltby. The initiative, supported by a £12.2 million loan from OakNorth, aims to deliver 252 new homes that combine modern style with sustainability. Founded in October 2022 by […] Posted by: Mya Driver Read more
Brantones Group Expands with Acquisition of Two Liverpool Firms Apr 17, 2024 Liverpool-based developer Brantones, known for its work in retirement, affordable, and supported living schemes, has expanded its operations through the acquisition of two local companies, Robwood Construction and Robwood Residential. The announcement was made alongside news of a significant restructure within the company. The two acquired firms were previously owned by Kyriacos Zangoulos, a British […] Posted by: Mya Driver Read more
£23.2B worth of Property Opportunities Coming Apr 17, 2024 The Department for Levelling Up, Housing and Communities (DLUHC) has identified potential sales from approximately £23.2 billion worth of property assets owned by councils. Cities like Birmingham, Nottingham, and Croydon are among those with permission to liquidate assets. The range of assets likely to be put up for sale includes development lands, retail centres, industrial […] Posted by: Mya Driver Read more
Anglian Water Launches Search for Partners in £750M Reservoir Development Programme Apr 17, 2024 Anglian Water has initiated a search for delivery partners to assist in its extensive capital programme over the next 15 years, with contracts amounting to £750 million. The initiative includes the development of two major reservoir projects in the Fens and Lincolnshire, projected to be operational by the mid to late 2030s. Serving regions including […] Posted by: Mya Driver Read more
Russell Group Expands with Acquisition of Coatbridge Rail Terminal Apr 17, 2024 Russell Group, a Scottish logistics firm, has expanded its operations by acquiring the Coatbridge Rail Terminal from Freightliner. This strategic acquisition places the terminal adjacent to Russell Group’s existing Coatbridge facilities, enhancing the company’s network connectivity and service capabilities. The new addition to the Russell Group’s portfolio is expected to offer substantial benefits across various […] Posted by: Mya Driver Read more
Avamore Capital Boosts Bridging Loan Cap to £25m Apr 16, 2024 Avamore Capital has raised the ceiling on its bridging loan size from £7.5 million to £25 million. This strategic enhancement is designed to offer more substantial financial solutions to property developers who need to bridge funding gaps in their projects. Avamore’s development exit bridging loans, known for their customisability, are available with terms ranging from […] Posted by: Mya Driver Read more
