Leith’s Waterfront Sees Major Redevelopment with £100 Million Ocean Point Project Sep 12, 2023 Leith’s waterfront is set to witness a significant transformation as property developer S Harrison Developments submits a planning application for a residential-led development at Ocean Point 2, valued at approximately £100 million. This initiative is a testament to the ongoing revitalization of the Waterfront area. The proposed development, adjacent to Ocean Point 1, will rejuvenate […] Posted by: Mya Driver Read more
BNP Paribas Advocates for UK Real Estate and Development Investments Over Eurozone Sep 12, 2023 In a notable shift, the French investment bank, BNP Paribas, is advising its clientele to prioritise investments in the UK, particularly in stocks of companies listed on the UK stock exchange. This move is seen as a reflection of the attractive valuation of the British pound and the potential of the UK’s diverse sectors. Despite […] Posted by: Mya Driver Read more
Ediston Property Investment Company Announces Major Property Portfolio Sale to Realty Income Sep 12, 2023 In a significant move, the Ediston Property Investment Company plc (EPIC) has officially announced its decision to sell its entire property portfolio to a wholly-owned subsidiary of Realty Income. The deal, valued at approximately £200.8 million, will see agreed deductions of around £4 million. The properties in question comprise 11 retail warehouse assets strategically located […] Posted by: Mya Driver Read more
Vistry Group Plc’s Emphasis on Affordable Homes: British Homebuilder’s New Direction Sep 11, 2023 British homebuilder, Vistry (VTYV.L), announced on Monday a significant shift in its operational strategy. The company has decided to channel its entire focus on the affordable homes segment, aligning with the evolving needs of the UK housing market. Following this announcement, Vistry’s shares experienced a positive surge, soaring by approximately 11% and reaching a more […] Posted by: Mya Driver Read more
BMW’s Investment in UK Plants Highlights a Surge in Logistics Infrastructure for Electric Vehicle Production Sep 11, 2023 BMW, the renowned German automotive giant, is making waves in the UK’s logistics and construction sectors with a substantial investment focused on electric vehicle production. The company is gearing up to invest hundreds of millions of pounds in its Mini factory located near Oxford, transforming it into a state-of-the-art facility for electric car manufacturing. Central […] Posted by: Mya Driver Read more
East Kilbride’s Urban Transformation: A Strategic Opportunity for Developers Sep 11, 2023 South Lanarkshire Council has unveiled ambitious plans to overhaul more than a third of East Kilbride’s town centre. The proposal, driven by the changing retail landscape, seeks to replace the now-vacant department stores with residential units and open-air public spaces, marking a 40% reduction in the retail footprint. This initiative comes in the wake of […] Posted by: Mya Driver Read more
HBD to submit planning for Colloco, Manchester’s newest office scheme Sep 11, 2023 HBD is about to submit a major planning application for Colloco, a highly sustainable, 200,000 sq ft office scheme within the St John’s District of Manchester City Centre. The GDV of Colloco is £140million. The development is targeting the highest levels of sustainability credentials including Net Zero Carbon, a BREEAM Excellent Rating and is targeting a […] Posted by: Mya Driver Read more
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
