Silbury Finance provides £39 million loan for 20-acre brownfield site acquisition in Dorking, Surrey Apr 17, 2023 Silbury Finance (“Silbury”), the Oaktree Capital Management-backed development lender, has provided a £39 million senior loan to Stonegate Homes, the residential developer focused on brownfield site regeneration in the Homes Counties. The 12-month facility, at 90% Loan to Cost, will fund the acquisition of a 20 acre brownfield site in Dorking, Surrey, where Stonegate Homes […] Posted by: Mya Driver Read more
Legal & General and Glenbrook complete Leeds City Centre’s largest Build to Rent funding to date Apr 17, 2023 Legal & General (‘L&G’) and Glenbrook today announce the funding of a £140m residential development in Whitehall Riverside in Leeds, committing to the delivery of 500 new homes. This marks the third scheme funded by L&G in the City and, upon practical completion, will bring the number of new rental homes it has delivered in […] Posted by: Mya Driver Read more
Apollo strengthens presence in Europe with new, expanded London office Apr 17, 2023 Apollo (NYSE: APO) today announced the opening of a new office in London, United Kingdom, strengthening its presence in Europe and building on the firm’s successful track record in the region. The transition to a single, modern space in London reflects Apollo’s desire to offer a best-in-class workplace for its teams and expand its offering […] Posted by: Mya Driver Read more
M7 signs major 66,000 sq ft logistics letting at Western Approach Distribution Park in Bristol Apr 17, 2023 M7 Real Estate (“M7”), the pan-European investor and asset manager, announces that it has fully let 1500 Western Approach, a c. 66,000 sq ft logistics property on Western Approach Distribution Park in Bristol, to PICS Telecom. The transaction is the largest logistics letting in the South West for Q1 2023. PICS Telecom has signed a […] Posted by: Mya Driver Read more
Glasgow collaborates with UK Infrastructure Bank to accelerate Clyde Metro development Apr 14, 2023 A project that seeks to accelerate the development of Clyde Metro has been agreed between Glasgow and UK Infrastructure Bank (UKIB). UKIB has been working with the council to support the development of financial and commercial plans for the mass transit project which was recently confirmed by the Scottish Government as a key priority for […] Posted by: Mya Driver Read more
ABP expands Port of Lowestoft with the acquisition of former Quality Discounts site Apr 13, 2023 Associated British Ports (ABP) has today announced that it has completed the purchase of the former Quality Discounts site, in a move that is designed to improve the vitality of the port-side location, as well as increase the role that the Port of Lowestoft plays as a thriving centre for companies servicing the offshore energy […] Posted by: Mya Driver Read more
Wrenridge and Buccleuch Property sell Oxford life science building to IM Properties for £21.5m Apr 13, 2023 Wrenbridge and Buccleuch Property are pleased to announce that a sale of Nova, Oxford has been agreed with IM Properties for £21.5m on a forward commitment basis. The 43,572 sq ft mid-tech Life Science property has recently secured planning and will be commencing onsite in the coming weeks. Wrenbridge and Buccleuch Property have secured planning […] Posted by: Mya Driver Read more
Glasgow collaborates with UK Infrastructure Bank to accelerate Clyde Metro development Apr 13, 2023 A project that seeks to accelerate the development of Clyde Metro has been agreed between Glasgow and UK Infrastructure Bank (UKIB). UKIB has been working with the council to support the development of financial and commercial plans for the mass transit project which was recently confirmed by the Scottish Government as a key priority for […] Posted by: Mya Driver Read more
Investigation works planned for Aberdeen City Centre Masterplan Apr 13, 2023 Investigative works are to start next week on the central section of Union Street as part of one of the major projects in the City Centre Masterplan (CCMP). Four trial holes are to be made in the road and pavement to check what services and ducts are underneath the surface before work is due to […] Posted by: Mya Driver Read more
The completion of the 5,000th build-to-rent home by PRS REIT plc solidifies its position as the UK’s largest single-family build-to-rent portfolio Apr 12, 2023 The PRS REIT, the closed-ended real estate investment trust that invests in high-quality, new build, family homes in the private rented sector (“PRS”), is pleased to announce the completion of its 5,000th build-to-rent home. The Company is delighted to report that its 5,000th rental home has now been built. This has helped to take the […] Posted by: Mya Driver Read more
