ASD Contracts Transforms Georgian Style Apartments In Central Cheltenham thanks to £2.3m Investment Property Loan Nov 6, 2023 A block of previously tired flats in central Cheltenham has been rejuvenated into a stunning, Georgian style contemporary development by ASD Contracts thanks to a £2.3m investment property loan from Secure Trust Bank (STB) Real Estate Finance. Situated on Wellington Road in Cheltenham town centre, Buckingham Court is currently undergoing a major refurbishment that will […] Posted by: Mya Driver Read more
West Berkshire Council to sell £62m Commercial Property Portfolio Nov 6, 2023 In a strategic financial move, West Berkshire Council is set to sell its commercial property portfolio valued at up to £62 million. The portfolio, which includes a variety of assets such as supermarkets, commercial warehousing, a bank, and a petrol station, is a part of the council’s plan to reallocate financial resources and support its […] Posted by: Mya Driver Read more
ELM Group Acquires 1,368 Retirement Units to Expand UK Property Portfolio Nov 6, 2023 ELM Group, the property management firm headquartered in Frimley, has broadened its holdings within the UK retirement sector by acquiring 1,368 units from Orbit, a housing provider. The purchase increases ELM Group’s portfolio in the South of England to a total of 4,638 properties. The portfolio addition consists of 1,178 retirement leasehold apartments, 168 houses […] Posted by: Mya Driver Read more
Redevelopment Opportunities: Greater Manchester Nov 6, 2023 Last week’s planning applications in Greater Manchester highlighted a significant focus on special education needs (SEN) with Bury’s outstanding special education school planning an expansion to increase pupil capacity by 70. Tameside also submitted plans for a new SEN-dedicated building at Longdendale High School. Bury and Stretford Eye Town Centre Overhauls Proposals for Bury town […] Posted by: Mya Driver Read more
Investec provides Stelling Properties with £12 million loan to fund Southampton modular PBSA development Nov 6, 2023 Investec Real Estate (“Investec”) announces that it has provided Stelling Properties Group (“Stelling”), the modular development specialists, with an £11.85 million loan to finance the construction of a modular purpose-built student accommodation (PBSA) scheme in Southampton. The 122-studio scheme, which will be operated by Unilife, is due to complete in time for the 2024/25 academic […] Posted by: Mya Driver Read more
Nido to partner with Primus and H.I.G on Leeds and Lancaster student developments Nov 6, 2023 Nido, Europe’s trusted operator in purpose-built student accommodation and residential for rent, is to partner with a Joint Venture between Primus Property Group (“Primus”) and H.I.G Realty Partners (“HIG”) on the design and subsequent operation of two purpose-built student accommodation (“PBSA”) schemes at the heart of Leeds and Lancaster. Scheduled to open in September 2025, […] Posted by: Mya Driver Read more
Newham Council Mulls £40m Property Portfolio Sale Amid Financial Strain Nov 3, 2023 In a bid to mitigate financial hurdles, Newham Council is deliberating the sale of its property portfolio, NewShare, which presently holds an equity balance of circa £40 million. Initially introduced in 2013, NewShare, a shared equity loan scheme, aimed at facilitating affordable home ownership for residents. The scheme commenced with 305 properties, but now encompasses […] Posted by: Mya Driver Read more
£3m funding success to build affordable homes on brownfield land Nov 3, 2023 Manchester will receive more than £3million to support housing projects across the city bringing long-term brownfield land back into use. The funding will help build 210 homes in total – 119 of which will be affordable housing – at sites across north and east Manchester and one site in the city centre. 81 of […] Posted by: Mya Driver Read more
Downing Property Finance Attains £75m Sustainability-Linked Facility from HSBC Nov 3, 2023 Downing LLP has secured a substantial £75 million sustainability-linked facility from HSBC, earmarked by the institution’s property finance division. This move forms part of a broader endeavour to bolster Downing’s sustainability blueprint and extend sustainability-linked facilities to Small and Medium Enterprises (SME) developers. This sustainability-linked loan (SLL) framework laid down by Downing is crafted to […] Posted by: Mya Driver Read more
Development Opportunity Emerges as £1.4 Million Demolition of Rothesay House Approved Nov 3, 2023 The Fife Cabinet Committee Councillors have unanimously approved the £1.4 million demolition of the 40-year-old Rothesay House, a former council administrative office building. This decision, aimed at cost-saving and paving the way for redevelopment opportunities, aligns with Fife Council’s ambition for regional regeneration and sustainable property management. The demolition, funded from the corporate contingencies budget, […] Posted by: Mya Driver Read more
