Huge step forward for transformation of town centre as development partner announced Jul 7, 2023 A major milestone has been reached in the ongoing transformation of Oldham town centre, with the announcement of the council’s new development partner today (Friday 7 July). The ground-breaking new partnership with nationwide placemaker Muse, will bring millions of pounds of investment to Oldham, as well as creating new jobs and opportunities for local people, […] Posted by: Mya Driver Read more
£350m Blackpool Talbot Gateway regeneration progresses with release of new retail units Jul 7, 2023 Over 5,000 sq ft of retail space has been released as part of Blackpool Council’s £350m Talbot Gateway development. The units sit at the ground level of the 144-bedroom Holiday Inn hotel and surround the new tram terminal. The development includes a new underpass connecting passengers from Blackpool North train station with the new tramway […] Posted by: Mya Driver Read more
Coney Street Riverside backed by York & North Yorkshire Chamber of Commerce Jul 7, 2023 York & North Yorkshire Chamber of Commerce has publicly pledged its support to Helmsley Group’s Coney Street Riverside masterplan. The leading business support organisation, alongside its influential York & North Yorkshire Property Forum lobby group, have urged York City Council to approve the planning applications submitted by the York-based property specialist for the scheme. The […] Posted by: Mya Driver Read more
Glencar awarded further instruction by Wrenbridge to build £32M sustainable multi-industrial scheme in Aylesford Jul 6, 2023 Glencar, a leading UK construction company that was recently ranked amongst Europe’s fastest growing businesses, has today announced that it has been appointed by leading property development company Wrenbridge and specialist sustainable and impact investor Bridges Fund Management, to build a new six-unit industrial warehouse development totalling 302,844 sq ft at a strategic development site […] Posted by: Mya Driver Read more
Standard Life completes £1 billion buy-in transaction with Chubb Pension Plan and Chubb Security Pension Fund Jul 6, 2023 Standard Life, part of Phoenix Group, has concluded a £1 billion Bulk Purchase Annuity (“BPA”) transaction covering two schemes, the Chubb Pension Plan (“the Plan”) and the Chubb Security Pension Fund (“the Fund”), which are both sponsored by subsidiaries of APi Group Corporation. The transaction was agreed in June 2023 and covers c.14,000 pension members […] Posted by: Mya Driver Read more
Cabinet to decide on city centre developments to bring over 1,000 new homes Jul 6, 2023 Hull City Council’s Cabinet will consider ambitious plan to unlock the development of over 1,000 new homes on three empty city centre sites. Cabinet will decide whether to give the green light to bring forward development on brownfield sites at the East Bank, known as Eastern Quarter, at St Stephen’s Place on Colonial Street and […] Posted by: Mya Driver Read more
Great Portland Estates trading update: Strong Performance Jul 6, 2023 Great Portland Estates plc (GPE) publishes a trading update for the quarter to 30 June 2023. Toby Courtauld, Chief Executive, said: “Against a challenging macro-economic backdrop that is placing upward pressure on yields, particularly for non-prime spaces, we are pleased with our strong operating performance. Whilst our low levels of vacancy means we have limited […] Posted by: Mya Driver Read more
LondonMetric sells five long income and urban assets for £43M Jul 6, 2023 LondonMetric Property Plc (“LondonMetric”) announces that it has exchanged on the sale of five assets for £42.8 million, reflecting a NIY of 4.5%. The combined sales are in line with the 31 March 2023 book value. Three of the assets have been sold individually for £25.3 million in total, with a WAULT of 12 years: The […] Posted by: Mya Driver Read more
Pluto £25m finance deal Leicester Jul 6, 2023 Pluto Finance has announced the successful completion of a £25m loan agreement with HGP for the development of a Build-to-Rent project in the city of Leicester. Pluto Finance, a leading development finance provider, has confirmed its second loan agreement with the Housing Growth Partnership (HGP) for the development of a Build to Rent (BTR) project […] Posted by: Mya Driver Read more
Barrow Learning Quarter: Contractor sought to build Cumbrian campus Jul 5, 2023 A successful contractor will create a university campus, the town’s first, on a 2.76-hectare site beside BAE Systems’ existing Submarines Academy for Skills and Knowledge. The multi-million pound campus project is the centre piece of the Barrow Learning Quarter (BLQ), one of the #BrilliantBarrow Town Deal projects backed by government funding. Together with upgraded facilities at Furness […] Posted by: Mya Driver Read more
