Opportunity? ‘Ghost Shopping Centres’ to be demolished in £36.5m Scottish Regen Feb 16, 2024 A groundbreaking strategy to revitalise Hamilton’s town centre has been unveiled, with plans to demolish outdated ‘ghost’ shopping centres to make room for a new residential quarter. South Lanarkshire Council has outlined a visionary scheme focused on the regeneration of the area, promising a mix of housing and retail revitalisation. The ambitious project targets the […] Posted by: Mya Driver Read more
Home REIT Sells Off 117 Properties at a Loss, More to Follow Feb 16, 2024 Home REIT, the housing provider for the homeless, has disposed of 117 properties through a public auction on Valentine’s Day, incurring losses in the process. The company managed to gather gross proceeds of £5.6 million from the sale, which accounts for 1.4 per cent of its portfolio by value. The auction’s proceeds stood at £1.02 […] Posted by: Mya Driver Read more
Havering Council Eyes Compulsory Purchase to Drive £451m Romford Regeneration Feb 16, 2024 Havering Council has set its sights on a comprehensive £451 million regeneration project in Romford town centre, planning to utilise compulsory purchase orders as a means to progress. The ambitious initiative, set to transform Bridge Close, encompasses proposals for the development of 1,070 homes, a new school, a health centre, and several commercial units. Despite […] Posted by: Mya Driver Read more
Demolition of Devon Dairy Farm Opens Door for Development Feb 15, 2024 The demolition of the disused Torrington Dairy Crest in Devon, which has been derelict since 1993, is underway, signaling a clear path for future development. This site, once plagued by safety issues and anti-social behaviour, is now being cleared to make way for potential housing and retail opportunities. The demolition process, led by Waterside Construction […] Posted by: Mya Driver Read more
German Real Estate Giant Acquires Ruby Zoe Hotel in London for £53 Million Feb 15, 2024 Deka Immobilien, a leading German real estate management company, has acquired the Ruby Zoe hotel located in London’s prestigious Notting Hill area for £53 million. The deal sees the property transition from the ownership of Frogmore Real Estate Partners, who had held the freehold since April 2021, to becoming a key asset within the Deka-ImmobilienMetropolen […] Posted by: Mya Driver Read more
TRIG Expands Green Portfolio with Acquisition of Battery Storage Firm Fig Power Feb 15, 2024 The Renewables Infrastructure Group (TRIG), known for its investments in green energy, has announced the acquisition of Bristol-based battery storage developer Fig Power. This move adds a significant 1.7GW development pipeline to TRIG’s portfolio, which includes 400MW of projects with grid connection offers and an additional 1.3GW on exclusive sites. The acquisition, involving 100% equity […] Posted by: Mya Driver Read more
Edinburgh Council Launches Consultation for Proposed Second Tram Line Feb 15, 2024 Edinburgh City Council has initiated a step towards expanding the city’s tram network by announcing plans for a public consultation on a proposed second tram route. This new line aims to enhance connectivity across the city, with discussions set to begin in spring 2024. With an estimated cost of £2 billion for the new tram […] Posted by: Mya Driver Read more
Standard Life completes £114 buy-in with the Vector Pension Scheme Feb 15, 2024 Standard Life, part of Phoenix Group, has concluded a £114 million Bulk Purchase Annuity (“BPA”) transaction covering c. 1,800 members of the Vector Pension Scheme (“the Scheme”), which is sponsored by Vector Industries Limited. This is a full scheme bulk purchase annuity arrangement which completed in November 2023. XPS Pensions Group (“XPS”) acted as the […] Posted by: Mya Driver Read more
Countryside Partnerships to Construct 5,000 New Homes in Build-to-Rent Scheme with Sigma Capital Feb 15, 2024 Countryside Partnerships, a subsidiary of Vistry Group, has announced a renewed partnership with Sigma Capital, a leading build-to-rent (BTR) provider, to construct 5,000 new homes across the UK. These homes, destined for Sigma’s BTR brand Simple Life Homes, are set to be developed over the next five years, marking a significant boost in housing availability […] Posted by: Mya Driver Read more
Revealed: The 20 English Towns and Cities to get 11,500 New Homes Feb 14, 2024 The government has announced the 20 towns and cities poised to benefit from the construction of 11,500 new homes. This initiative aims to provide a substantial boost to housing availability, targeting previously developed brownfield sites to accommodate this significant increase. The strategy not only seeks to make home ownership more attainable for younger buyers but […] Posted by: Mya Driver Read more
