Octopus Real Estate and PIC to develop up to four integrated retirement communities with Audley Group Jul 26, 2023 Senior Living Investment Partners (‘SLIP’), a £200 million partnership between Pension Insurance Corporation plc (‘PIC’), a specialist insurer of defined benefit pension schemes, and specialist real estate lender and investor Octopus Real Estate (‘Octopus’), today announces a multi-site joint venture with Audley Group, the UK’s leading provider of Integrated Retirement Communities (‘IRCs’) to develop up […] Posted by: Mya Driver Read more
Shropshire Council’s Vision for 1000 homes Tasley Garden Village Jul 26, 2023 In an effort to meet the growing demand for housing and support sustainable development, Shropshire Council has unveiled its plans for the Tasley Garden Village, a visionary project that aims to create a thriving community near Bridgnorth. The proposed development seeks to accommodate more than 1,000 new homes on agricultural land, partly designed to address […] Posted by: Mya Driver Read more
Further investment in York Central Jul 26, 2023 City of York Council has reached a deal with government which could generate some £40m additional funding to maximise the impact and benefits of York Central. The deal, which is conditional on the York and North Yorkshire devolution deal being confirmed, will allow further financial support, ensuring key elements of site infrastructure are delivered at the right time […] Posted by: Mya Driver Read more
Dominus Real Estate secures prime Square Mile office site at 5-10 Great Tower Street Jul 26, 2023 Dominus Real Estate has further expanded its portfolio in the heart of London, with the successful acquisition of the prestigious RBS building from Natwest at 5-10 Great Tower Street. Through a highly competitive process, Dominus secured the 55,817 sq ft building for £27.5 million and completed the transaction entirely through equity. With the acquisition finalised, […] Posted by: Mya Driver Read more
Thirdi Group Takes on £150 Million Office-to-Residential Conversion Project on London’s River Thames Jul 26, 2023 Australian property developer Thirdi Group has embarked on a challenging office-to-residential conversion venture, acquiring a commercial tower on London’s River Thames to create luxury apartments. The 4375sq m Westminster Tower office building is set to undergo a remarkable transformation into a residential tower, featuring 28 apartments, including three whole-floor penthouses, and 25 two and three-bedroom […] Posted by: Mya Driver Read more
Places for People Embarks on Ambitious Multi-Million-Pound Property Revamp Jul 26, 2023 Places for People, a prominent social housing organisation, has unveiled plans for an extensive property refurbishment project worth millions of pounds. The initiative, which spans four years, will focus on enhancing the organisation’s portfolio in the North East. The organisation, which boasts a wide range of rental properties across the region, is committed to delivering […] Posted by: Mya Driver Read more
Gorbals District in Glasgow Prepares for Major Transformation Jul 26, 2023 In a significant development, two towering residential blocks in Glasgow’s Gorbals district are slated for demolition due to fire safety concerns. The New Gorbals Housing Association (NGHA) has initiated the process of relocating residents from the 276 flats located at 305 and 341 Caledonia Road. The decision to demolish the buildings was taken following a […] Posted by: Mya Driver Read more
Phoenix Group and Macquarie Asset Management Provide £58m Funding for Affordable Housing Jul 26, 2023 Phoenix Group, the UK’s largest long-term savings and retirement business, has provided a £58 million long term financing package, arranged by Macquarie Asset Management, to support a joint venture between Bromley Council and Pinnacle for the planned acquisition of more than 200 affordable homes. The financing features a 55-year inflation linked loan and will enable London’s […] Posted by: Mya Driver Read more
Frasers group boss to bid £50m for Yorkshire outlet shopping centre Jul 25, 2023 Retail tycoon Mike Ashley has proposed a nearly £50 million bid to purchase an outlet shopping centre in Yorkshire, signifying his most recent venture into the retail property sector. The billionaire, who owns Frasers Group, has made the bid for Junction 32, situated just off the M62, near Castleford. The shopping centre, spanning 250,000 square […] Posted by: Mya Driver Read more
Aberdeen brownfield development opportunity Jul 25, 2023 Shell, the oil giant, is planning to demolish its office complex located in Aberdeen’s Tullos industrial estate. The extensive campus, which includes a range of buildings constructed between 1973 and 1992, is now vacant following Shell’s move to the city centre. The buildings, deemed unsuitable for sustainable reuse due to their age, construction, and floor […] Posted by: Mya Driver Read more
