Home REIT puts 40 properties up for £4.8 million Aug 4, 2023 Home REIT PLC, a property investor specialising in accommodation for homeless people, has announced the sale of 40 properties for £4.8 million. This move comes after the company, which has faced several challenges including rent withholding by tenants, allegations of misleading shareholders, and being targeted by a short-seller, appointed AEW UK Investment Management LLP as […] Posted by: Mya Driver Read more
Drax Receives Approval for £500 Million Underground Hydro Storage Plant Project Aug 4, 2023 Drax Group, a leader in renewable energy, has received development consent from the Scottish Government for its innovative plans to construct a new underground pumped storage hydro plant at its existing Cruachan facility in Argyll. The project, which is estimated to cost around £500m, marks a significant step in Scotland’s path to net zero, as […] Posted by: Mya Driver Read more
3000 student Wembley plans approved Aug 4, 2023 Wilkinson Eyre Architects’ design for a new campus for the College of North West London has received approval from Brent Council. The proposed £130m, eight-story development will be located at the site of the Olympic Office Centre, near Wembley Stadium. The final decision now lies with the Greater London Authority. The new campus will span […] Posted by: Mya Driver Read more
Harlow regeneration demolition to begin Aug 4, 2023 The Occasio House, a former private youth housing complex in Harlow, has been demolished as part of a £20m redevelopment plan to rejuvenate the town centre. The site, located at Playhouse Square, has been vacant since 2016 and was previously used as accommodation and a service centre for young people. The redevelopment plan includes the […] Posted by: Mya Driver Read more
Assetz Capital Confirms £2.75m Exit Loan for Housing Project in Somerset Aug 4, 2023 Assetz Capital, a financial institution, has confirmed a £2.75m development exit loan to facilitate the construction of a housing project in Frome, a town in Somerset. The project includes seven townhouses, two detached houses, and an office. The loan, which has a loan-to-gross development value (LTGDV) of 60%, has a term period of six months. […] Posted by: Mya Driver Read more
Heitman and Addington Capital Jointly Purchase Two Residential Properties in London’s West End Aug 4, 2023 Heitman LLC, a global real estate investment firm, in collaboration with Addington Capital, a UK-based investment and property asset management business, has announced the acquisition of two adjoining freehold residential blocks in London’s West End. The properties, known as 61-130 Miles Buildings, are located in Marylebone and were purchased as part of Heitman’s global core-plus […] Posted by: Mya Driver Read more
Leading consultants Troup Bywaters + Anders confirm UKREiiF 2024 Partnership Aug 3, 2023 Troup Bywaters + Anders (TB+A), a leading Building Services Engineering partnership, has officially announced their involvement with The UK’s Real Estate Investment & Infrastructure Forum (UKREiiF), which is set to take place between 21-23 May 2024, in Leeds. TB+A’s ongoing partnership with UKREiiF 2024 signifies a joint commitment to driving progress and excellence in the […] Posted by: Mya Driver Read more
Citra Living acquires homes in Nottingham Aug 3, 2023 Citra, a branch of Lloyds banking group specialising in managing rental housing, has recently acquired 49 homes in Gedling, Nottingham. These properties are part of an ambitious housing project comprising a total of 1,000 homes, which is being developed by the construction company, Keepmoat. Known as the Park View development, this project is currently underway […] Posted by: Mya Driver Read more
Translink names MRP as master-development partner for the transformational Weavers Cross Regeneration Scheme in Belfast Aug 3, 2023 Translink, Northern Ireland’s public transport provider, has selected developer MRP as its Private Sector Partner for Belfast’s transformational Weavers Cross development. As the appointed master-development partner, MRP will deliver the Weavers Cross development with the potential for 1.3 million square feet of mixed-use office, life sciences, residential, student housing, hotels and retail/leisure space, presenting a […] Posted by: Mya Driver Read more
Affordable Homes Unlocked in Wales Through £105m NatWest Refinancing Deal Aug 3, 2023 Tai Calon Community Housing has secured a long-term debt refinancing deal with NatWest that will enable them to bring forward a number of new homes in Blaenau Gwent, Wales. The deal will give the housing firm access to a level of funding flexibility typically associated with developing housing association – until not they’ve only ventured […] Posted by: Mya Driver Read more
