Planning consent obtained on key Darlington industrial development site Feb 8, 2023 Privately-owned Co Durham-based property development company, Premcor Estates (Premcor) has obtained planning consent for three industrial/distribution units, with a combined floor area of 402,000 sq ft of office and industrial space at its 24-acre ‘Fabric Darlington’ (Fabric) site. Immediately adjacent to the Amazon fulfilment and distribution centre, Fabric occupies a highly visible position on Tornado […] Posted by: Mya Driver Read more
BPA Welcomes New Shore Power Government Funding Feb 8, 2023 The BPA has welcomed the Government’s new £77m Zero Emission Vessels and Infrastructure (ZEVI) competition, which has been launched today. BPA research has found that no shore power project anywhere in the world has gone ahead without government funding. This fund will help remove a key barrier to the installation of shore power, although significant other […] Posted by: Mya Driver Read more
Bevan Brittan advise on West Oxfordshire District Council’s shopping centre purchase Feb 8, 2023 An expert team of lawyers at national firm Bevan Brittan have advised West Oxfordshire District Council on the purchase of a shopping centre. The deal sees the district council taking control of Marriotts Walk shopping precinct in Witney, as part of its plans to boost the town centre. The 4.9 acre site was built in […] Posted by: Mya Driver Read more
£1.324 billion of capacity made available to investors this VCT season Feb 8, 2023 Unicorn VCT, the last Venture Capital Trust (VCT) of the tax year to launch, raised over £15 million yesterday, selling out completely in less than 8 hours. All VCTs from the 2022/23 tax year are now open, or have already filled, with total capacity this tax year to £1.324 billion. So far £661.9 million has […] Posted by: Mya Driver Read more
Aviva Investors acquires Ipswich site to develop up to 163 single family homes with Packaged Living Feb 8, 2023 Aviva Investors, the global asset management business of Aviva plc, announces it has acquired a site less than a mile from Ipswich town centre with planning for the development of over 163 family homes, as it continues to grow its UK single-family rental platform in partnership with Packaged Living, the specialist UK Build-to-Rent (BtR) developer. […] Posted by: Mya Driver Read more
Leasing momentum continues to drive income returns and support fully covered dividends Feb 8, 2023 Custodian Property Income REIT (LSE: CREI), which seeks to deliver a strong income return by investing in a diversified portfolio of smaller regional properties across the UK, today provides a trading update for the quarter ended 31 December 2022 (“Q3” or the “Quarter”). Richard Shepherd-Cross, Managing Director of Custodian Capital Limited, said: “Our active asset […] Posted by: Mya Driver Read more
M7 Capital provides c.£12.5M loan to support acquisition of Edinburgh office asset Feb 7, 2023 M7 Capital (“M7C”), a full-service real estate debt specialist, announces that it has provided, on behalf of its UK debt fund TREC II, a £12.5 million loan to VCM Global Asset Management (the “Sponsor”) to support the acquisition of Orchard Brae House in Edinburgh, Scotland. Orchard Brae House is a multi-let office asset located in […] Posted by: Mya Driver Read more
Cheshire and Warrington latest name to confirm UKREiiF Partnership Feb 7, 2023 Cheshire and Warrington is the latest region to confirm its involvement in the UK’s Real Estate Investment & Infrastructure Forum (UKREiiF), set to take place between 16-18 May, in Leeds. Cheshire and Warrington will field a strong presence at UKREIIF, led by Cheshire and Warrington Local Enterprise Partnership, Cheshire East Council, Cheshire West and Chester […] Posted by: Mya Driver Read more
New Mayoral development corporations take step forward as legislation laid Feb 6, 2023 Two new Development Corporations to supercharge progress in Hartlepool and Middlesbrough have taken another step closer. Legislation was officially laid before Parliament for the towns’ respective Mayoral Development Corporations on Monday 6th February. The move brings the new zones – designed to transform each of the towns by driving investment and cutting red tape – […] Posted by: Mya Driver Read more
Anchor Homes seeks partners for 5700 home Feb 6, 2023 Later living provider Anchor is seeking development consultant partners to help realise ambitious plans to deliver 5700 new homes over the next ten years. Anchor, England’s largest provider of specialist housing and care for people in later life, will deliver the schemes across England, developing retirement communities that comprise 60 or more homes for sale, […] Posted by: Mya Driver Read more
