Downing Secures Iconic Glasgow Waterfront Site for Expansion Feb 22, 2024 Downing, the prominent property developer, has successfully purchased the historical Scottish headquarters of Reach PLC, located on Anderston Quay along the scenic north bank of the River Clyde. This acquisition, part of a multimillion-pound deal, signifies a strategic enhancement to Downing’s already robust portfolio, which spans several key cities across the UK, including Brighton, London, […] Posted by: Mya Driver Read more
London Launches £3 Billion Housing Framework Tender to Boost Construction Sector Feb 21, 2024 London’s Haringey Borough Council has initiated the tender process for a groundbreaking £3 billion public sector housing framework, aimed at fostering new build and retrofit projects across London and the Home Counties. This ambitious move is designed to revitalize the lineup of construction firms, providing opportunities for both established companies and SMEs to contribute to […] Posted by: Mya Driver Read more
Atelier Secures £9.8 Million for North London Care Home Revamp Feb 21, 2024 Atelier, a specialist in development finance lending, has announced the completion of a £9.8 million funding deal aimed at the acquisition and renovation of a previously unoccupied care home located in New Southgate, North London. The financing will facilitate a comprehensive internal reconfiguration and refurbishment of the building, bringing it up to modern standards for […] Posted by: Mya Driver Read more
REIM Capital Finalises £14m Loan for Diverse Croydon Property Purchase Feb 21, 2024 REIM Capital has successfully finalised a £14 million commercial loan within a span of four weeks, facilitating the acquisition of a mixed-use property in Croydon, South London. This strategic financial move enables the borrower to secure a property that encompasses office spaces, retail units, and a 149-bed Travelodge hotel. Structured with a 12-month term, the […] Posted by: Mya Driver Read more
Urban Logistics REIT Proposes Higher Offer for Abrdn Property Income Trust Feb 21, 2024 Urban Logistics REIT has ignited a competitive bidding process with a counteroffer for the Abrdn Property Income Trust, setting a 13 per cent premium over the bid from Custodian Property Income. This escalation marks a heated contest for the trust, spotlighting the vigorous activity in the realm of real estate investment trusts aimed at broadening […] Posted by: Mya Driver Read more
London’s BT Tower to Transform into a Premier Hotel in £275 Million Deal with MCR Hotels Feb 21, 2024 London’s iconic BT Tower is poised for a remarkable transformation into a leading hotel, following a £275 million acquisition by MCR Hotels, a prominent US hotel developer. This development marks a historic shift for the Grade II listed structure, which has played a central role in the UK’s telecommunications history since its inauguration in 1965. […] Posted by: Mya Driver Read more
Weymouth Town Centre Set for £19.5 Million Regeneration Boost Feb 20, 2024 Weymouth’s town centre is set to undergo a major transformation after securing £19.5 million in government funding aimed at revitalising the area. This financial injection is earmarked for critical projects designed to facilitate new housing and business ventures, marking a new chapter in the town’s development. The focus of the regeneration effort will be on […] Posted by: Mya Driver Read more
Redbridge Seeks Partner for New Community Hub Development Feb 20, 2024 The London Borough of Redbridge is on the hunt for a private partner to bring a new community hub to life, alongside the development of adjacent land. This initiative aims to enhance the local community with a focus on the Seven Kings area. Located in Ilford, the borough is offering a prime opportunity for developers […] Posted by: Mya Driver Read more
Whitbread to Enhance Manchester’s Hotel Scene with New Premier Inn Development Feb 20, 2024 Whitbread PLC, the powerhouse behind the Premier Inn brand, has secured a new development site on the fringe of Manchester’s vibrant Northern Quarter. The site, acquired from Premcor on Rochdale Road, boasts planning permission for a striking 229-bedroom hotel. This move aligns with Whitbread’s ambitious plan to refine its portfolio of Manchester city centre hotels. […] Posted by: Mya Driver Read more
LGIM Revamps UK Property Fund with a Hybrid Approach Feb 20, 2024 Legal & General Investment Management (LGIM) has announced plans to revamp its UK property fund, introducing a strategy that blends direct property investments with indirect holdings. The new approach, dubbed the PAIF Hybrid, aims to adjust the fund’s composition by reducing its direct property investment to 45%, while allocating another 45% to global real estate […] Posted by: Mya Driver Read more
