Paragon Bank Grants £5.4m Financing for Elan Apartments Development Project Aug 3, 2023 Paragon Bank’s development finance division has granted a £5.4 million finance package to support the Elan Apartments development, a part of Inland Homes’ Cheshunt Lakeside project. The deal was spearheaded by Simon Dekker, senior relationship director, with assistance from senior portfolio manager Craig Seaborne and junior portfolio manager Izzy Sargeant. The Elan Apartments, located in […] Posted by: Mya Driver Read more
Iconic Bristol Office Building, Formerly Owned by Lloyds Bank, Changes Hands Aug 3, 2023 The former Bristol office of Lloyds Bank, a notable landmark, has been purchased with a £40m renovation plan in the pipeline to transform the Grade II-listed building into a contemporary workspace. The buyers, London-based real estate company Longstock Capital and investment firm Mactaggart Family and Partners, acquired Canons House for an undisclosed amount. The acquisition […] Posted by: Mya Driver Read more
Gulf Cooperation Council investors set to put £2.4bn into UK property market Aug 3, 2023 It’s anticipated that investors from the Middle East will inject £2.4 billion into the UK’s real estate sector in 2024, taking advantage of its increasing affordability and the growing interest in student accommodation, as per the London-based Bank of London and The Middle East (BLME). BLME highlighted that the economic robustness of the GCC, coupled […] Posted by: Mya Driver Read more
Create Homes announces exciting new housing development in Bispham near Blackpool Aug 2, 2023 Create Homes is pleased to announce that it has received full planning permission for a quality new housing development in Bispham, near Blackpool, Poulton-Le-Fylde and Thornton-Cleveleys. The new development is situated off Faraday Way, to the west of the seaside town. Create Homes secured the planning permission from Blackpool & Wyre Councils to build 51 […] Posted by: Mya Driver Read more
Planning application approved for new warehouse in Liverpool Aug 2, 2023 Network Space has secured planning permission for a 128,000 sq. ft warehouse, incorporating headquarter style office space, at Estuary Commerce Park in Speke. Network Space submitted a planning application towards the end of last year for the development on a site that was formerly the home of the first Liverpool Speke Airport which closed in […] Posted by: Mya Driver Read more
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
