Study to consider business case for new West Midlands velodrome and cycle park Mar 23, 2023 The West Midlands Combined Authority (WMCA) has commissioned an independent study to examine the business case for specialist cycling facilities that will be open and accessible to everyone who lives in the region The scope of the evidence-based business case will be broad and consider all potential options. They include: A Cycling Facility Advisory Group […] Posted by: Mya Driver Read more
Britain’s largest pumped hydro scheme in 40 years gets £100m investment boost Mar 23, 2023 Landmark Coire Glas in the Scottish Highlands could power 3 million homes and more than double GB electricity storage. SSE is providing a £100 million investment boost into what can be Britain’s biggest pumped hydro storage scheme in 40 years. The announcement is being made today as part of a visit by Scotland’s Cabinet Secretary […] Posted by: Mya Driver Read more
Hampshire Trust Bank completes £21.1m development finance facility Mar 22, 2023 Hampshire Trust Bank (HTB) has completed a £21.1m development exit and construction loan facility for a mixed-use development in North London. The client was developing 48 high-quality apartments and two commercial units, as well as providing a new park for the local community. The broker, Adam Stiles of Helix Structured Finance, contacted HTB for the […] Posted by: Mya Driver Read more
Director of Content for Edison Group comments on Vistry Group’s full year results Mar 22, 2023 Andy Murphy, Director of Content for Industrials at leading investment research and consultancy firm Edison Group, today commented on Vistry Group’s full-year results. Andy Murphy, Director of Content for Industrials at Edison Group comments: “In spite of FTSE midcap housebuilder Vistry seeing a pre-tax profit slump of 23 per cent, from £319.5 million in 2021 […] Posted by: Mya Driver Read more
Maslow Capital provides £114m loan for the delivery of Central London PBSA project Mar 22, 2023 Maslow Capital, a leading provider of real estate development finance, has announced the completion of a £114 million development facility, supporting Union Property Development with the delivery of their 356 bed, Purpose-Built Student Accommodation (PBSA) scheme in Paddington, Central London. Union Property Development are an experienced family-owned property development, management and investment business, with a portfolio extending across the UK. With the […] Posted by: Mya Driver Read more
Investec provides GSA with £85m loan to refinance and partially refurbish five UK PBSA assets Mar 22, 2023 21 March 2023: Investec Real Estate (“Investec”) announces that it has provided Global Student Accommodation (“GSA”), the global leader in purpose-built student accommodation (“PBSA”), with an £85 million loan to support the refinance and partial refurbishment of five UK PBSA assets. The properties provide a total of 1,460 beds to students in London, Lincoln, Newcastle, Nottingham, […] Posted by: Mya Driver Read more
Oxford-Cambridge Arc providing regional boost for construction Mar 21, 2023 The government’s recent decision to revive the concept of an Oxford-Cambridge Arc as a British version of Silicon Valley has underlined the potential for new development across a broad area linking the two university cities. The government has committed £2.5 million to a new regional partnership to attract international investment to the area. Meanwhile, before […] Posted by: Mya Driver Read more
Catalyst, Hill and GLA exchange contracts at St Ann’s New Neighbourhood Mar 21, 2023 Plans to transform the St Ann’s Neighbourhood in South Tottenham reached another significant milestone last week when Catalyst, part of the Peabody Group, and the GLA officially exchanged contracts on the development agreement. Separately, Catalyst and The Hill Group have also exchanged contracts on a joint venture partnership with Hill acting as development partner for […] Posted by: Mya Driver Read more
West One Loans targets £1bn of short-term lending in 2023 Mar 21, 2023 West One Loans is targeting more than £1bn in short-term lending this year as it looks to build on the records it set in 2022. The lender has set out ambitious growth targets for 2023 with bridging and development finance aiming to drive lending higher as market demand continues to rise. Short-term leading at West One Loans soared in […] Posted by: Mya Driver Read more
British Land makes further strategic progress in retail parks with over £120m of gross activity Mar 21, 2023 British Land is pleased to announce that since the half year results in November, it has completed on the acquisition of three high quality retail parks for a total of £94m and sold its 50% stake in a retail park in Preston for £30m. These deals are in line with our strategy to actively recycle […] Posted by: Mya Driver Read more
