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
Berkeley Secures £125m Loan from Homes England for 8000 Homes Feb 14, 2024 Berkeley Group, a leading housebuilder, has obtained a £125 million loan from Homes England to support the development of 8,000 homes across three challenging brownfield sites. These projects, located in Newham and Southwark, London, have been identified as “highly complex” by Homes England, necessitating a substantial initial investment to proceed. The funding is part of […] Posted by: Mya Driver Read more
Hot Tip: Enfield Town Set for Transformation with Public Consultation Feb 14, 2024 Residents of Enfield Town have been invited to share their thoughts on the initial stage of an eagerly anticipated transformation of the area. The consultation is part of the ‘Enfield Town Liveable Neighbourhoods’ scheme. This project aims to rejuvenate the town centre with new public spaces, pedestrian crossings, junction improvements, and footpaths following a £6m […] Posted by: Mya Driver Read more
Buckinghamshire Council Approves Plans for 1,150 New Homes in Countryside Development Feb 14, 2024 Buckinghamshire Council has finalised plans for the construction of a new housing estate, Shenley Park, which includes 1,150 homes on countryside land. This decision was made on Tuesday, marking a crucial step in the area’s development located on the outskirts of Milton Keynes, within the Whaddon parish. The Shenley Park project is a key element […] Posted by: Mya Driver Read more
Octopus Real Estate partners with Acacia Care to fund three purpose-built care homes for the elderly Feb 14, 2024 Octopus Real Estate, part of Octopus Investments and a leading specialist real estate investor and lender, announces c. £35m of funding to three new care homes in the Octopus Healthcare Fund’s (OHF) portfolio of more than 100 homes. These homes will provide a total of more than 200 high-quality beds, having been funded as part […] Posted by: Mya Driver Read more
