Stoneweg and Teras Capital to invest £50 million to develop UK’s largest wave park in Birmingham, as part of recently launches pan-European urban surf destination strategy Feb 7, 2024 Stoneweg InfraSport, the recently launched partnership between Stoneweg and Teras Capital focused on the acquisition, development and operation of man-made urban surf destinations across Europe, has acquired the former Emerge Surf development site in Coleshill, Birmingham, from IM Properties, where it intends to deliver the UK’s largest wave park. The c. £50 million commitment represents […] Posted by: Mya Driver Read more
Springfield Properties agree affordable housing contract for £15m Feb 6, 2024 Springfield Properties, a Scottish housing construction company, has entered into a £15.3 million agreement with the Highland Housing Alliance (HHA) to undertake the construction of affordable housing. The agreement encompasses an initial housing bulk sale, followed by the subsequent development phase. Springfield is set to receive £4.1 million for the bulk sale of housing, with […] Posted by: Mya Driver Read more
Further Development Planned For Symmetry Park Biggleswade Feb 6, 2024 Tritax Symmetry have been granted detailed planning permission for the third phase of Symmetry Park, Biggleswade, totalling 927,000 sq ft of highly sustainable logistics space. The first two phases, offering a total of 1.24m sq ft, are fully occupied. Central Bedfordshire Council has approved plans for three new, state-of-the-art logistics buildings to be developed, comprising […] Posted by: Mya Driver Read more
Atom Bank Secures £3.7m Loan Deal for Edinburgh Property Feb 6, 2024 Atom bank has stepped in to provide a substantial financial boost to an Edinburgh-based property investment company, delivering a commercial loan of £3.7m. This strategic financial move comes at a critical time for the business, which was seeking to expand its portfolio with six additional properties in the city. The company, initially bound by a […] Posted by: Mya Driver Read more
Buyer Wanted: Lichfield City Centre Land Up for Development to Enhance Urban Landscape Feb 6, 2024 A sought-after 1.5-acre site in Lichfield city centre is on the market, earmarked for a residential development that aims to revitalise the area. Lichfield District Council is on the hunt for a buyer to transform the land formerly housing the Tempest Ford garage, situated at the intersection of Birmingham Road and Upper St John Street. […] Posted by: Mya Driver Read more
Development Opportunity? Blackburn’s £250 Million Masterplan Feb 6, 2024 In a substantial shift towards urban renewal, Blackburn is on the brink of a transformative phase with the unveiling of a £250 million masterplan. This significant redevelopment is part of the ambitious Blackburn Town Centre Masterplan, which was introduced in December 2021 to revitalise the heart of the town. The scheme is not just about […] Posted by: Mya Driver Read more
£100m Revamp Set to Transform Oxford’s Blackbird Leys: New Homes and Community Facilities in the Pipeline Feb 6, 2024 Blackbird Leys is on the cusp of a major transformation, with a £100m redevelopment plan set to reshape the district, often noted for its untapped potential. The comprehensive project aims to rejuvenate the area with a modern community centre, an influx of new homes, and upgrades to key local structures, including a church. Linda Smith […] Posted by: Mya Driver Read more
BPF finds 40% of BtR sites take at least a year to achieve planning consent Feb 6, 2024 New analysis published today by the British Property Federation (BPF) shows the time required for Build-to-Rent (BtR) planning applications have significantly increased over the past decade, with 40% of sites achieving detailed planning permission last year taking at least a year to do so. The analysis, conducted at the end of the fourth quarter in […] Posted by: Mya Driver Read more
Carlyle provides £115 million development loan for Round Hill Capital’s 488-unit Manchester BTR scheme Feb 6, 2024 Global investment firm Carlyle’s (NASDAQ: CG) Global Credit platform has provided Round Hill Capital, a leading global specialist real estate investor, developer and manager, with a £115 million development loan to fund the construction of Fairfax, a 488-unit luxury build-to-rent (“BTR”) scheme in Manchester, UK. It represents the first transaction between the two parties. The […] Posted by: Mya Driver Read more
Western Gateway announce UKREiiF 2024 Pavilion Feb 5, 2024 Western Gateway has announced its involvement with The UK’s Real Estate Investment & Infrastructure Forum (UKREiiF). The UKREiiF event is in partnership with Pagabo and is set to take place between 21-23 May 2024. The Western Gateway Powerhouse Partnership is dedicated to advancing regional development and fostering collaboration among diverse entities throughout the UK. Operating […] Posted by: Mya Driver Read more
