GPE signs new £150 million ESG-linked Revolving Credit Facility Nov 11, 2024 Great Portland Estates plc (GPE) announces that it has signed a new £150 million ESG-linked unsecured revolving credit facility (RCF) at a headline margin of 90 basis points over SONIA. The facility has an initial three-year term which may be extended to a maximum of five years at GPE’s request, subject to bank consent. Alongside […] Posted by: Deividas Krupstas Read more
Premier Inn secures 200-bed hotel at Edinburgh Airport Nov 11, 2024 Whitbread PLC, the parent company to Premier Inn, has agreed terms with Riverstone Hotels Ltd for a new Premier Inn hotel at Edinburgh Airport. The 200-bedroom hotel will grow Premier Inn’s presence in the catchment serving Scotland’s busiest airport and a gateway to more than 150 domestic and international destinations. Plans for the ground plus […] Posted by: Deividas Krupstas Read more
JR Capital and Chancerygate’s Fund acquires industrial estate Nov 11, 2024 Cranham Industrial Estate in Worcester has been acquired by amulti-let urban logistics investment fund. Managed by property investment company JR Capital and asset manager Chancerygate, the fund acquired the 67,850 sq ft fully let industrial estate from DTZ Investment Management for an undisclosed sum. Located on Cotswold Way, Cranham Industrial Estate is just under two […] Posted by: Deividas Krupstas Read more
Vistry Group to deliver 475 mixed-tenure homes in Leicestershire Nov 8, 2024 Vistry Group, the UK’s leading provider of affordable mixed-tenure homes, has acquired a major site in Hinckley, Leicestershire, with outline planning permission to deliver 475 new homes for the area. The site, to the east of Stoke Road and north of Normandy Way, in the north of the town, has a development value of £140m. […] Posted by: Deividas Krupstas Read more
Workspace announces sale of mixed-use redevelopment at Raynes Park Nov 8, 2024 Workspace Group PLC (‘Workspace’), London’s leading provider of sustainable, flexible workspace, is pleased to announce it has exchanged on the sale of Rainbow Industrial Estate, a redevelopment site in Raynes Park. Workspace secured planning consent for a mixed-use redevelopment of the site comprising 224 residential units and 37,000 sq. ft. of new light industrial space. The site […] Posted by: Deividas Krupstas Read more
HBD Receives Planning Approval for £37 Million Industrial Development in Lancashire Nov 8, 2024 HBD, a subsidiary of Henry Boot, has received planning approval for TWO45, a substantial £37 million industrial scheme set to be developed on a 10-acre site in Lancashire. Acquired by HBD in 2021, the project underscores HBD’s commitment to driving industrial regeneration and expanding industrial infrastructure within the region. TWO45 will deliver 245,000 sq ft […] Posted by: Deividas Krupstas Read more
PIC completes £190 million buy-in of the Atradius UK Pension Scheme Nov 8, 2024 PIC, a specialist insurer of defined benefit pension schemes, has concluded a £190 million buy-in of the accrued benefits in the Atradius UK Pension Scheme (‘the Scheme’). The transaction secures the pensions of both deferred and pensioner members of the Scheme, along with benefits accrued to date for current active members. The Scheme is sponsored […] Posted by: Deividas Krupstas Read more
Leeds co-living scheme for 230-homes given the green light Nov 7, 2024 Watkin Jones, the UK’s leading developer and manager of residential for rent, is pleased to announce that Leeds City Council has approved its plans for the conversion and re-purposing of Headrow House at 42 The Headrow, into 230 co-living homes. Headrow House is a vacant office block in the centre of Leeds. When completed in […] Posted by: Deividas Krupstas Read more
Barking Riverside secures government backing for more homes Nov 7, 2024 Homes England approves £124 million funding package for vital infrastructure to support 20,000 home development in east London. The Government’s housing and regeneration agency, Homes England, has approved a £124 million funding package to unlock more homes and deliver new state-of-the-art infrastructure at Barking Riverside in east London. Barking Riverside, a 443-acre brownfield site formerly […] Posted by: Deividas Krupstas Read more
Hammerson acquires remaining 50% stake in retail destination for £135m Nov 7, 2024 Hammerson today announces the completion of the acquisition of the remaining 50% stake in Westquay for £135m. This gives the Company a 100% interest in a leading retail and leisure destination situated in the heart of the South Coast, which is A rated by Green Street. The consideration will be funded by the proceeds received […] Posted by: Deividas Krupstas Read more
