LondonMetric sells £17m of long income and retail assets Sep 11, 2023 LondonMetric Property Plc (“LondonMetric”) announces the sale, in separate transactions, of four long income and retail assets, for £16.9 million. The combined price is in line with book value. The largest asset comprises a 27,000 sq ft Waitrose store in Malmesbury which has been sold for £9.6 million, reflecting a NIY of 4.66%. Acquired from […] Posted by: Mya Driver Read more
Melton Residents’ Positive Outlook Boosts Chances for Approval of New Housing Development Sep 11, 2023 A promising proposal to construct nearly 300 homes on a former factory site in Melton has been met with optimism from local residents. This positive sentiment from the community could significantly enhance the chances of the project gaining approval. While there are considerations to address, the majority of residents see the proposed housing estate as […] Posted by: Mya Driver Read more
Nurturing Diversity and Inclusion: Insights from Rav Cheema at LocatED Sep 11, 2023 In a candid conversation with UKREiiF, Rav Cheema, Senior Associate at LocatED, sheds light on the crucial aspects of diversity and inclusion in the UK’s built environment. The discussion spans challenges, initiatives, and the vital role of inclusivity in shaping the industry’s future. LocatED is a government-owned property company and an arms-length body of the […] Posted by: Mya Driver Read more
Stafford Road in Stafford to Welcome New Medical Centre Sep 8, 2023 A development application has been lodged for the construction of a medical centre at 317 Stafford Road, Stafford. The proposal, designed by Cottee Parker, outlines changes to the previously approved retail building. The new plans envision a two-storey structure on the corner of Stafford Road and Webster Road. The commercial building will house a healthcare […] Posted by: Mya Driver Read more
Trebor and Hillwood Secure Prime Crewe Site for Redevelopment Sep 8, 2023 Trebor Developments and Hillwood have successfully acquired a substantial 345,000 sq ft unit in Crewe. This acquisition was made from AEW UK Core Plus Property Fund through an off-market deal. The site, previously occupied by Bargain Booze earlier in 2023, is set for a complete overhaul. Spanning 13 acres, the site already boasts detailed planning […] Posted by: Mya Driver Read more
Cockhedge Shopping Centre Awaits Redevelopment Sep 8, 2023 The Cockhedge Shopping Centre, located in Warrington, is on the brink of a significant transformation. Plans have been put forth to partially demolish the centre, specifically targeting the former Wilko unit to the north and other units towards the south, accounting for approximately 5,727m² of floorspace. The planning application, which will be reviewed by the […] Posted by: Mya Driver Read more
Former Portsmouth News Centre Scheduled for Demolition Sep 8, 2023 The former Portsmouth News Centre, located on London Road, is slated for demolition. First Bus has advanced plans for the site, with the aim of having the new facility operational by mid-2025. While the company has received clearance to proceed with the site’s clearing, the final plans for the depot are still under consideration. The […] Posted by: Mya Driver Read more
Church of Scotland churches could go up for sale Sep 8, 2023 The Church of Scotland is undergoing a comprehensive review of its property portfolio, prompted by financial challenges and a decline in congregations. This review has identified several churches across Sutherland for potential sale, highlighting the inherent value in these historic properties. Among the churches earmarked for sale is St Callan’s in Rogart, a category B […] Posted by: Mya Driver Read more
Acivico Group join UKREiiF 2024 Sep 7, 2023 Building consultancy Acivico Group has confirmed its participation in the next UK Real Estate Investment and Infrastructure Forum (UKREiiF) being held in Leeds in May 2024. Industry experts from the multi-disciplinary consultancy are to host one of the Forum seminars and the consultancy will also exhibit at the event. Marina Robertson, Group Managing Director of […] Posted by: Mya Driver Read more
Major retail park in Lisburn offered for sale Sep 7, 2023 A major retail park at the heart of Lisburn city centre has been brought to the market for sale, seeking offers in excess of £4.85 million. Laganbank Retail Park comprises three retail units and a coffee shop and is currently home to occupiers TK Maxx, Pure Gym, Upstairs Downstairs and Ground Coffee. Including more than […] Posted by: Mya Driver Read more
