Major 850 home Portsmouth development to get go-ahead Jan 13, 2023 Plans to transform an ‘unattractive and derelict’ site in Tipner East, Portsmouth are likely to be approved next week. The scheme will see the site redeveloped into a vibrant new waterfront community, delivering much-needed, high-quality homes for the city of Portsmouth. The hope is for the site to deliver between 750 and 850 new homes, […] Posted by: Mya Driver Read more
Proposals submitted for £350m battery site Jan 13, 2023 Following a period of public consultation and planning assessment, Exagen has today announced that Normanton Energy Reserve, a 500 MW / 1 GWh grid-scale battery site on land to the northeast of Earl Shilton, Leicestershire – has been submitted to Blaby District Council. With plans for further consultation with the local community, the site is […] Posted by: Mya Driver Read more
Stantec partners with UKREiiF 2023 Jan 13, 2023 Stantec, a global leader in sustainable engineering and design, has announced its involvement with The UK’s Real Estate Investment & Infrastructure Forum (UKREiiF), set to take place between 16-18 May across Leeds. Stantec is a top-tier global engineering and design firm with more than 27,000 employees worldwide and 20+ locations across the UK and Ireland. […] Posted by: Mya Driver Read more
MS Lending Group funds record £7.6m deal in less than 10 days Jan 12, 2023 MS Lending Group has funded a record breaking £7.605m deal in Adlington, Cheshire. Completing only two days before Christmas, the deal is the largest ever transaction for the company. The borrower had an existing facility with another lender who had a charge over two adjacent sites: a completed 45,000 sq ft industrial unit and the […] Posted by: Mya Driver Read more
Lancaster University gets £60m loan from Santander UK Jan 12, 2023 Santander UK has provided Lancaster University with a £60m sustainability-linked five-year revolving credit facility. It is one of the first such loans Santander UK has provided to a UK university. The funding provides Lancaster University, which has been a Santander UK client since 2014, with cash reserves required to meet its operational costs and funds […] Posted by: Mya Driver Read more
REIT takes additional Stake in Joint Venture for £196 million Jan 12, 2023 Supermarket Income REIT plc, the real estate investment trust providing secure, inflation-protected, long income from grocery property in the UK, announces an update in relation to its joint venture with British Airways Pension Trustees Limited (“BAPTL”). The Company has acquired BAPTL’s 25.5% beneficial interest in the Sainsbury’s Reversion Portfolio (the “SRP Portfolio”) for £196 million […] Posted by: Mya Driver Read more
City Hall seeks development partner for new mixed-use residential development in Enfield Jan 12, 2023 A development partner is being sought for a new mixed-use residential led development at a 1.77-hectare site located on the North Middlesex University Hospital site in Upper Edmonton in the London Borough of Enfield. The successful developer will enter a development agreement with Greater London Authority Land and Property (GLAP) to design and deliver new […] Posted by: Mya Driver Read more
SEGRO Acquires retail park with data centre redevelopment potential in Slough Jan 12, 2023 SEGRO plc has acquired Bath Road Shopping Park in Slough, from Royal London Asset Management for £120 million. The retail park is strategically located next to the Slough Trading Estate and covers approximately 11.4 acres. It includes 10 retail warehouse units, roughly one third of which are currently vacant thereby providing immediate opportunities for asset […] Posted by: Mya Driver Read more
UKREiiF confirms Pick Everard as partner Jan 12, 2023 Leading independent, multi-disciplinary property and construction consultancy Pick Everard has confirmed its involvement in the UK’s Real Estate Investment & Infrastructure Forum (UKREiiF), which is set to take place between 16-18 May, in Leeds. With more than 650 employees across 15 national offices, Pick Everard is one of the UK’s leading companies, supporting both public […] Posted by: Mya Driver Read more
Tungsten Properties sells ‘Super W’ net zero warehouse for £32.1 million Jan 11, 2023 Tungsten Properties has sold Super W, a 246,136 sq ft (22,866 sq m) newly built prime distribution warehouse unit in Warrington, Cheshire to Leftfield for £32.1 million reflecting a net initial yield of 4.96%. In August 2022, Super W was let to Farmfoods Limited on a 25-year lease at a rental of £1.7 million per annum for their distribution warehouse. Super W is situated in […] Posted by: Mya Driver Read more
