Coventry City Centre Set for Transformation with Extensive Redevelopment Plans Apr 22, 2024 Coventry City Centre is poised for a major transformation as detailed plans for the City Centre South scheme have been approved by the council. The project, which has been in the planning stages for over a decade, is set to commence later this year with the demolition of older sections of the city centre. This […] Posted by: Mya Driver Read more
Home REIT Advances Portfolio Streamlining with Sale of 65 Properties Apr 19, 2024 Home REIT has successfully offloaded another 65 properties for £15.9 million on 18 April at a public auction, indicating continued progress in their portfolio restructuring. This latest sale increases the total properties sold or under contract to 773, accounting for over a third of the trust’s holdings prior to the sales initiatives. The properties sold […] Posted by: Mya Driver Read more
Keir Starmer Announces Green Belt Building Strategy with Emphasis on Affordable Housing Apr 19, 2024 Keir Starmer, leader of the Labour Party, today unveiled a new policy aimed at addressing the UK’s housing shortage by targeting less appealing sections of the Green Belt for development. The strategy requires that half of the new homes built on these sites must be affordable housing, potentially creating between 100,000 and 500,000 new homes. […] Posted by: Mya Driver Read more
South Oxfordshire Council Invites Input on Exciting New Housing Proposals Apr 19, 2024 South Oxfordshire District Council has launched a public consultation on its latest council plan, which includes proposals for new council homes. The plan, titled ‘The Way Ahead’, is designed to guide district policies and initiatives through to 2028, focusing on creating a more inclusive and thriving community. Residents, businesses, community groups, and other stakeholders are […] Posted by: Mya Driver Read more
Truro’s Pydar Regeneration Scheme Receives £18.2 Million Boost Apr 19, 2024 The Pydar Regeneration Scheme in Truro is set to proceed, with Cornwall Council committing an additional £14.804 million to its capital programme, including £10 million specifically for Pydar. This funding will enable the transformation of former council buildings into a vibrant new development featuring housing, student accommodation, and a hotel. The planned project at Pydar […] Posted by: Mya Driver Read more
ASK Partners Funds £18.2m Loan for Chiswick Tower Revamp Apr 19, 2024 ASK Partners, a specialist property lender, has provided an £18.2 million senior loan facility to facilitate the acquisition of Chiswick Tower by a private client investor. The loan, structured for a 24-month term, aims to support the redevelopment of this West London office block into a modern co-living space. Located in the affluent Chiswick area, […] Posted by: Mya Driver Read more
Coventry Building Society Set to Acquire Co-op Bank for £780 Million Apr 19, 2024 Coventry Building Society has reached an agreement to acquire The Co-operative Bank for a sum of up to £780 million, marking a major expansion in the UK financial services sector. This deal has been under discussion for several months and is set to elevate the combined entity’s balance sheet to £89 billion. This acquisition is […] Posted by: Mya Driver Read more
Wavensmere Homes’ £75m Plans for Derby’s Friar Gate Goods Yard Recommended for Approval Apr 18, 2024 Plans submitted by Wavensmere Homes and Clowes Developments for the redevelopment of the city’s historic Friar Gate Goods Yard have been recommended for approval by Derby City Council’s planning officials. The detailed design proposals – submitted in August 2023 – set out the vision for the reanimation of two landmark Grade II listed buildings into […] Posted by: Mya Driver Read more
CapitalRise Secures £6.5 Million Loan for Mayfair Luxury Dwelling Development Apr 18, 2024 CapitalRise, a property finance lender, has confirmed a £6.5 million development loan for the refurbishment of a Mews House in Mayfair, one of London’s most sought-after districts. This financial support will enable the transformation of the terraced house into a luxurious three-bedroom home. The property, which spans five floors, is set to undergo significant enhancements. […] Posted by: Mya Driver Read more
Salboy and DOMIS Unveil New £84.5 Million Residential Tower in Manchester’s Greengate Area Apr 18, 2024 Salboy Group, in partnership with construction firm DOMIS, has announced the launch of a new £84.5 million residential development in Manchester’s Greengate district. This marks the duo’s tenth development in central Manchester over the past seven years. Named Obsidian, the project features a 26-storey tower which will house 250 residential units. The breakdown includes 30 […] Posted by: Mya Driver Read more
