£50m Boost for Affordable Housing from Octopus Investments Dec 8, 2023 Octopus Investments, a subsidiary of Octopus Group, has successfully completed the first close of its new affordable housing fund with £50m. This fund, in partnership with London CIV representing 32 local government pension schemes in London, marks a significant step towards addressing the UK’s need for high-quality, affordable housing. This initial investment is set to […] Posted by: Mya Driver Read more
£13m Puma Loan Fuels Intergenerational Development in Manchester Dec 8, 2023 Puma Property Finance has committed a £13 million loan to facilitate a collaborative venture between the McGoff Group and Patrick Properties, earmarked for a unique intergenerational development in Bowdon, South Manchester. This innovative project encompasses a care home and a children’s day nursery, specifically designed to encourage regular interaction between young and elderly residents. The […] Posted by: Mya Driver Read more
Mitsubishi Estate and Edge Buy Prime London Office Tower at £150 Million Dec 8, 2023 Mitsubishi Estate has partnered with Dutch developer Edge to acquire a prominent office tower in London’s West End, previously leased to WeWork, for £150 million. This purchase price reflects a 44% reduction from the £267 million paid by the former owners, a joint venture between Savills Investment Management and Korea’s Vestas Investment Management, in 2018. […] Posted by: Mya Driver Read more
£800 Million Easdale Portfolio Boosted by Latest Renfrewshire Acquisition Dec 8, 2023 The Easdale brothers, prominent businessmen from Greenock, have enhanced their £800 million property portfolio with a new acquisition in Renfrewshire. Sandy and James Easdale, through their property investment branch, Dalglen, have recently purchased additional land at the Neil Street Industrial Estate in Renfrew, previously owned by Peel Waters Ltd. This expansion adds another 13,750 square […] Posted by: Mya Driver Read more
Birmingham Council Eyes £2.4bn Property Assets to Address Budget Challenges Dec 8, 2023 In a move to strategically manage its finances, Birmingham City Council is exploring the potential sale of assets from its £2.4bn property portfolio. This initiative is part of a broader plan to bridge an estimated £300m budget shortfall projected for the next two years. The council, currently under government intervention, is under pressure to formulate […] Posted by: Mya Driver Read more
Development Opportunity: Oldham Seeks Partner for £285m Town Centre Regeneration Dec 8, 2023 Oldham Council is actively seeking a joint venture partner to revitalise the town centre, with plans including the construction of approximately 2,000 homes, a 5.7-acre park, and a new hotel. This initiative, spanning the next 15 to 20 years, is part of a broader strategy to rejuvenate Oldham’s urban landscape. The council’s decision to manage […] Posted by: Mya Driver Read more
Capital&Centric set to lead on vision for major new St George’s neighbourhood in Wolverhampton Dec 8, 2023 SOCIAL impact developers Capital&Centric are set to lead on a vision to turn a sprawling brownfield site in Wolverhampton into a creative new neighbourhood. A report – to be considered by City of Wolverhampton Council’s Cabinet next week – recommends Capital&Centric are appointed as part of a pre-development agreement for the former Sainsbury’s supermarket site, […] Posted by: Mya Driver Read more
Unveiling Leeds: A city of innovation, creativity, and surprising firsts Dec 8, 2023 By Mya Driver, Marketing Executive, UKREiiF Nestled in the heart of West Yorkshire, the city of Leeds has a rich array of history, culture, and innovation that often goes unnoticed. Beyond our bustling shopping districts and vibrant (and sometimes not so great) football scene lies a city with a remarkable legacy of pioneering achievements. As […] Posted by: Mya Driver Read more
Place Capital Group secure UKREiiF session Dec 7, 2023 Place Capital Group have confirmed their involvement with The UK’s Real Estate Investment & Infrastructure Forum (UKREiiF). The UKREiiF event is set to take place between 21-23 May 2024, in Leeds. Place Capital Group work with the UK’s largest local authorities and housing associations as a strategic development partner to deliver the transformation of ageing […] Posted by: Mya Driver Read more
Moorfield Group acquires two warehouses for latest logistics strategy Dec 7, 2023 UK-focussed real estate fund manager Moorfield Group (“Moorfield”) has added 123,000 sq ft of warehouse space to its urban logistics portfolio with the acquisition of two assets for a combined sum of approximately £12m. In Tinsley, Sheffield, Moorfield has completed a 10-year sale-and-leaseback agreement for a 61,000 sq ft urban logistics unit with Tinsley Bridge […] Posted by: Mya Driver Read more
