Palace Capital offloads office in £9.6m deal Aug 2, 2023 Palace Capital announces that it has sold 22 Market Street, an office property in Maidenhead to a client of Soor Capital for £9.6m. The sale price reflects a net initial yield of 7.3%, equating to a net price of £9.0m (after rent incentives), which is 9.7% ahead of the 31 March 2023 book value. Following the […] Posted by: Mya Driver Read more
Aviva Investors provides additional £57 million in sustainable loans to Urban Logistics REIT plc Aug 2, 2023 Aviva Investors, the global asset management business of Aviva plc, announces it has provided an additional £57 million in sustainable transition financing to Urban Logistics REIT plc. The new loan, a nine-year facility, is secured against a portfolio of ten logistics assets across the UK which together total more than 900,000 sq ft of space. […] Posted by: Mya Driver Read more
UKREiiF – Supporting SME’s and Local Businesses Aug 2, 2023 By Amanda Griffiths, Operations Director at UKREiiF Last week we announced that UKREiiF injected a monumental £12.1 million into the local Leeds economy in 2023 – up from £5.5m in the inaugural year. Although some of that can be attributed to the success of the event in year one, with almost double the attendance of […] Posted by: Mya Driver Read more
Cheltenham town centre brownfield site set for regeneration scheme Aug 1, 2023 A car park in Cheltenham town centre is set for a major regeneration scheme – as Wavensmere Homes are announced as the development partner for the new scheme. The project will see circa 150 mixed-tenure homes delivered in the town centre on the 145,000 sq ft site. BBS Capital previously acquired the project, who Wavensmere […] Posted by: Mya Driver Read more
Modulous secures exhibition spot at UKREiiF 2024 Aug 1, 2023 Modulous, a leading provider of technologies to transform the design and delivery of sustainable housing, has officially confirmed its involvement with The UK’s Real Estate Investment & Infrastructure Forum (UKREiiF), which is set to take place between 21-23 May, in Leeds. UKREiiF will allow Modulous to showcase its state-of-the-art software platform, TESSA, which empowers developers […] Posted by: Mya Driver Read more
Network Rail strike partnership with TfGM to transform regional stations Aug 1, 2023 Network Rail and Transport for Greater Manchester have formed a partnership to develop six stations in Manchester and Salford, With the population in Greater Manchester set to grow by almost 3m by 2031 the partnership aims to drive transformation in the stations to ensure they’re set for future generations – bringing regeneration and infrastructure together […] Posted by: Mya Driver Read more
Popeyes food chain plans £50m UK expansion Aug 1, 2023 Fried chicken food chain Popeyes has partnered with TDR Capital to drive their UK expansion. The US firm opened their first UK restaurant in London back in 2021 and has now expanded to 27 locations – including its first drive through site in Rotherham which “broke multiple sale records” across their worldwide business. Tom Crowley, […] Posted by: Mya Driver Read more
Firethorn Trust gains approval for housing at the UK’s first eco-town Aug 1, 2023 The decision on Tuesday 25 July 2023 successfully concluded an appeal process, with the planning inspector placing significant weight on the fact the scheme would support the delivery of the wider North West Bicester Ecotown – the first of its kind in the UK. Details within the planning application mean the development would provide: The […] Posted by: Mya Driver Read more
Government confirms Scotland carbon capture plans Jul 31, 2023 UK Prime Minister Rishi Sunak has today travelled to Scotlandf to confirm plans for a multi-million pound carbon capture project in Scotland which would create the UK’s fourth cluster for transitioning to a net zero UK. “Project Acorn” is set to strengthen to UK’s energy security strategy – with millions of pounds of funding announced […] Posted by: Mya Driver Read more
Housing association secures land for new homes for Keyland Developments Jul 31, 2023 Keyland Developments, the property and development arm of Yorkshire Water, has sold a 5.5-acre site in West Yorkshire to the Leeds Federated Housing Association. The site in Pudsey, on the outskirts of Leeds, could see 54 new homes being developed. Matthew Turnbull, land and planning manager at Keyland Developments, said: “We are delighted to have […] Posted by: Mya Driver Read more
