Developers Emerge for Newcastle-Staffs’ Multi-Million Pound Regeneration Initiative Oct 11, 2023 A significant stride forward in Newcastle-Staffs’ ambitious urban redevelopment has been marked with developers indicating keen interest in the multi-million-pound regeneration project. The Newcastle Borough Council recently revealed this update, signifying momentum in their commitment to revitalise and enhance the area. The council’s initiative, aiming to transform key sectors of Newcastle-under-Lyme, has garnered attention from […] Posted by: Mya Driver Read more
No developer attached: Shrewsbury Shopping Centre Demolition Plans Oct 11, 2023 The scenic town of Shrewsbury is set for a significant facelift as plans to demolish a prominent shopping centre, instrumental to the riverside’s modern identity, are on the verge of submission. Yet, a central detail remains noticeably absent from the reports: no developer has been attached or mentioned in connection to the project. Set to […] Posted by: Mya Driver Read more
Tritax Symmetry announce partnership at UKREiiF 2024 Oct 10, 2023 Tritax Symmetry, developer of world-class, large scale industrial and logistics projects, 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, in Leeds. As the development arm of Tritax Big Box REIT plc, […] Posted by: Mya Driver Read more
Colombian Real Estate Tycoon Jaime Gilinski Bacal Assumes Control of Metro Bank Oct 10, 2023 Colombian billionaire Jaime Gilinski Bacal, recognised for his extensive ventures in both the banking and real estate realms, has taken the reins at Metro Bank amidst its financial adversity. Through a substantial investment of £325 million, segmented into £150 million of equity and £175 million of debt, Gilinski Bacal’s firm, Spaldy Investments, has elevated its […] Posted by: Mya Driver Read more
Warehouse REIT Capitalises on Asset Sales, Surpasses Book Value by 30% Oct 10, 2023 Warehouse REIT has successfully executed the sale of two of its assets, amassing a total of £9.5 million, a figure that impressively sits 30% above the book value as of 31 March 2023. This notable accomplishment reflects an average net initial yield of 6% on the passing rents, highlighting a favourable market response. This recent […] Posted by: Mya Driver Read more
Stellar Portfolio Performance Enables ABC Group to Elevate Dividend Oct 10, 2023 In a demonstration of solid asset management, ABC Group has reported a significant enhancement in its portfolio performance, attributed to several strategic initiatives. The company’s proactive stance on divesting non-core assets, judicious capital expenditure to upgrade and enhance real estate holdings, and active engagement with tenants have been cited as the driving forces behind this […] Posted by: Mya Driver Read more
Stena Line Initiates Redevelopment of Former Anglesey Aluminium Site Oct 10, 2023 Swedish maritime giant Stena Line has embarked on the initial phase of transforming the defunct Anglesey Aluminium facility into a thriving business precinct, now dubbed Prosperity Parc. The company has formally submitted a demolition notice to dismantle the existing derelict structures on the site, marking the inception of its redevelopment plans. The erstwhile Anglesey Aluminium […] Posted by: Mya Driver Read more
Travis Perkins Group to Fuel £200m Project 1000 with Proceeds from Recent Estate Sale Oct 10, 2023 In a strategic manoeuvre to bolster its core estate of arches and former railway properties, Travis Perkins plc has successfully brokered a deal involving the sale of its Selsdon site. The proceeds from this sale are earmarked for the ambitious Project 1000, a £200 million initiative aimed at revitalising a thousand vacant and derelict spaces […] Posted by: Mya Driver Read more
Barnwood Limited lands Nebula contract at Milton Park Oct 10, 2023 MEPC has appointed construction firm Barnwood Limited to build its £40 million, 80,000 sq ft Nebula scheme at Milton Park, a leading science, business and technology park in Oxfordshire. Nebula will consist of seven new research and development units to be built on the eastern edge of the Park. The seven units housed in three […] Posted by: Mya Driver Read more
ALMCOR and Cerberus acquire a further £50 million of UK assets for European Industrial Outdoor Storage (EIOS) platform Oct 9, 2023 ALMCOR and joint venture partner Cerberus Capital Management have announced a substantial investment in two UK sites for its European Industrial Outdoor Storage (EIOS) platform. The JV was launched in 2022 with €500m of allocated capital to deploy in target markets across the UK and mainland Europe. The platform aims to aggregate income producing assets […] Posted by: Mya Driver Read more
