Network Homes & Sovereign to merge: 82000 homes & £100m investment Mar 14, 2023 The boards of Network Homes and Sovereign have approved proposals to merge and become a new housing association. The target date for the completion of the merger is October 2023. The vision for the new organisation, which will be known as Sovereign Network, is to provide current and future residents with more, better quality homes […] Posted by: Mya Driver Read more
65% of wealthy investors expect to increase exposure to venture capital schemes as a result of upcoming tax rules Mar 14, 2023 Over two-thirds of wealthy investors intend to invest more into tax efficient investments, such as Venture Capital Trusts (VCTs), the Enterprise Investment Scheme (EIS) and its younger sibling the Seed Enterprise Investment Scheme (SEIS), as a result of the onerous new tax increases coming in from next month. This is according to a survey of […] Posted by: Mya Driver Read more
Sale of Sainsbury’s Reversion Portfolio Interest Mar 14, 2023 Supermarket Income REIT plc (LSE: SUPR), the real estate investment trust providing secure, inflation-linked, long income from grocery property in the UK, announces the exchange of contracts for the sale of its interest in the Sainsbury’s Reversion Portfolio (the “SRP Portfolio”) to Sainsbury’s for a total gross consideration of £430.9 million (excluding costs). The sale […] Posted by: Mya Driver Read more
Leading Property Names form Partnership to Deliver Upper Brook Street Masterplan Mar 14, 2023 McLaren Property, Property Alliance Group (Alliance), Moda Living and Kadans Science Partner are working collaboratively to deliver a masterplan vision for Upper Brook Street, Ardwick in Manchester. The parties involved are working with Manchester City Council, to transform the suite of sites and deliver an exemplary new neighbourhood for the city. The consortium has today […] Posted by: Mya Driver Read more
Thomson Environmental Consultants sign up to UKREiiF 2023 Mar 13, 2023 Thomson Environmental Consultants have announced their involvement with The UK’s Real Estate Investment & Infrastructure Forum (UKREiiF), which is set to take place between 16-18 May in Leeds. Founded in 2004, Thomson Environmental Consultants is a leading specialist environmental consultancy, providing a range of services in terrestrial, freshwater and marine environments. Supporting clients working in […] Posted by: Mya Driver Read more
Intention to float £228.9m E-Warehouse portfolio on IPSX Mar 13, 2023 M7 Box+ REIT plc (“Box+ REIT” or the “Company”), a newly established, externally managed closed-ended investment company announces that it intends to apply for the Company’s shares to be admitted to trading on the Wholesale segment of IPSX by way of an introduction (the “Admission”). Upon Admission, the Company proposes to acquire a portfolio of […] Posted by: Mya Driver Read more
Howard Kennedy acquires Corbett & Co. specialists in International Construction Disputes Mar 13, 2023 London law firm Howard Kennedy has strengthened its Construction and International Arbitration practices through the acquisition of Corbett & Co., an international construction law boutique. The acquisition sees the arrival of a team of 7 lawyers, including three new Partners and Corbett & Co.’s well-known principal, Edward Corbett, as a Consultant. They bring a wealth […] Posted by: Mya Driver Read more
Kexgill Group secures £25m refinancing facility for student accommodation expansion Mar 13, 2023 Kexgill Group, one of the largest privately owned providers of student accommodation in the UK, has received a £25 million refinance facility provided by InterBay Bank. The substantial transaction, which is a ten-year, interest only commercial investment refinance loan, involved the refinancing of 55 residential units at Bradford, Hull, Liverpool, Middlesbrough, Nottingham, and Preston. Hull-headquartered […] Posted by: Mya Driver Read more
Pocket Living receives major industry endorsement on NPPF proposals to encourage greater use of small sites by SMEs, which could deliver 1.6m new homes according to new research Mar 13, 2023 In the week following the announcement by the Competition and Markets Authority to commence a study into housebuilders, and with the closure of the Government’s consultation on changes to the NPPF, Pocket Living’s plans to increase housing delivery on small sites by SMEs has received a major boost with The UK’s largest housebuilder, Barratt Developments, […] Posted by: Mya Driver Read more
St. Modwen Logistics acquires modern warehouse facilities in Burton-upon-Trent and Coventry Mar 13, 2023 St. Modwen Logistics, one of the UK’s leading logistics developers and managers and a Blackstone portfolio company, has continued its expansion with the acquisition of modern warehouse units in Burton-upon-Trent and Coventry. In Burton-upon-Trent, St Modwen Logistics has acquired a 381,000 sq ft unit on the Centrum West Logistics Park, occupied by Palletforce, a leading […] Posted by: Mya Driver Read more
