Local growth board to use innovative new finance model Sep 28, 2023 This week the Greater Norwich Growth Board (GNGB), which is already a unique entity in local government collaboration terms, became the first example in the country of authorities working together to collectively borrow finance to accelerate the development of major infrastructure across their region. At its most recent board meeting on Wednesday 27 September, all […] Posted by: Mya Driver Read more
Middlesbrough seeks developers for central redevelopment Sep 28, 2023 Middlesbrough is opening its doors to developers interested in contributing to the town’s central redevelopment. The Middlesbrough Mayoral Development Corporation has released its Masterplan, which includes the Draft Design Code, a document that outlines the types of projects that will be supported in the region. The Masterplan has set objectives to create 4,000 jobs, build […] Posted by: Mya Driver Read more
Aldi Targets Expansion in London, Penzance, Bath, and More: £1.4bn Investment Plan Unveiled Sep 28, 2023 Aldi, the renowned supermarket chain, has unveiled its ambitious £1.4bn expansion plan, spotlighting key locations across Britain where it intends to establish new stores. The supermarket behemoth, which ranks as the fourth largest in Britain, has witnessed a surge in its customer base, attracting approximately one million additional shoppers over the last year. Celebrating the […] Posted by: Mya Driver Read more
New State-of-the-Art Elective Centre Approved for Bristol: Set to Increase Surgical Capacity by 6,500 Operations Annually Sep 28, 2023 A groundbreaking decision has been made regarding the healthcare infrastructure in Bristol. The city is set to welcome a new £49.9 million Elective Centre at Southmead Hospital. This state-of-the-art facility has been greenlit to provide an additional 6,500 operations annually, aiming to benefit patients across Bristol, North Somerset, and South Gloucestershire (BNSSG). The Department of […] Posted by: Mya Driver Read more
UK Commercial Property REIT Limited interim results for the half year Sep 28, 2023 UK Commercial Property REIT Limited (FTSE 250, LSE: UKCM) which owns a £1.3 billion diversified portfolio of high-quality income-producing UK commercial property and is managed and advised by abrdn, announces its interim results for the half year ended 30 June 2023. FINANCIAL REVIEW AS AT 30 JUNE 2023 Net Asset Value (“NAV”) total return of […] Posted by: Mya Driver Read more
Prime 285,000 sq ft Sheffield industrial site sold to UK investment fund Sep 27, 2023 Privately-owned Co Durham-based property development company, Premcor Estates (Premcor), together with JV partner, Peveril Securities (Peveril), have sold a prime development at Catalyst in Sheffield to a UK investment fund for an undisclosed sum. Close to J33 of the M1 and providing 285,000 sq ft of industrial space split across five units of 22,354 to […] Posted by: Mya Driver Read more
Aware Super Expands Global Reach with London Office Focusing on Property and Infrastructure Sep 27, 2023 Australia’s third-largest superannuation fund, Aware Super, is set to bolster its international investment strategy with the establishment of a new office in London. Slated for completion by the end of 2023, this strategic move aims to tap into lucrative opportunities in international property, infrastructure, and private equity sectors. Damien Webb, deputy chief investment officer and […] Posted by: Mya Driver Read more
EPIC Shareholders Greenlight £200m Portfolio Sale to Realty Income Subsidiary Sep 27, 2023 In a decisive move, shareholders of the Ediston Property Investment Company (EPIC) have given their nod to the sale of the company’s entire property portfolio. The deal, valued at approximately £200.8m before deductions estimated at £4m, will see the portfolio transferred to a subsidiary of the S&P 500 member, Realty Income. The approval, which took […] Posted by: Mya Driver Read more
New Health and Fitness Club Acquired by South Yorkshire Pensions Authority Sep 27, 2023 In a recent development, the South Yorkshire Pensions Authority (SYPA) has acquired the newly established David Lloyd health and fitness club located in Rugby. The exact financial details of the transaction remain undisclosed. The acquisition was facilitated under the guidance of abrdn and with consultation from Savills. James McLean, the fund manager of SYPA, expressed […] Posted by: Mya Driver Read more
Blue Shield Capital and Seaford Finance Seal £11.59m Deal for UK Residential Properties Sep 27, 2023 Blue Shield Capital, in collaboration with Seaford Finance, has successfully finalized a bridging facility worth £11.59m. This facility was secured for a borrower with expertise in the UK residential real estate sector. The 12-month bridging loan, which was settled at a loan-to-value (LTV) ratio of 66.7%, facilitated the acquisition of three residential properties. These properties […] Posted by: Mya Driver Read more
