Funding 365 completes £6.5m development exit bridging loan Nov 11, 2022 Funding 365 has completed a £6.5 million bridging loan at 70% LTV to refinance two apartment blocks in Maidenhead. The 9 month loan, introduced by West Rock Capital, enables the developer borrower to exit their development funding and complete the sale of multiple units. Funding 365 took security over 33 apartments across the two blocks, […] Posted by: Mya Driver Read more
PIC and Octopus Real Estate to build £115m retirement community in St Albans Nov 11, 2022 Senior Living Investment Partners, a partnership between Pension Insurance Corporation plc (“PIC”), a specialist insurer of defined benefit pension schemes, and specialist real estate lender and investor Octopus Real Estate (“Octopus”), today announces its first retirement community investment via a joint venture with Elysian Residences. The joint venture has acquired a nine-acre site with planning […] Posted by: Mya Driver Read more
Levelling up investment unlocks £300 million Blackpool regeneration Nov 11, 2022 A significant regeneration project that will deliver new leisure facilities, create jobs, boost tourism, and help level up Blackpool has been announced by Michael Gove today (11 November 2022) in his first major intervention since being reappointed as Secretary of State for Levelling Up. The ambitious Blackpool Central project had stalled because there was no […] Posted by: Mya Driver Read more
Savills says UK is now ‘compelling for US Dollar denominated investors’ Nov 10, 2022 Research by Savills World Research, using Real Capital Analytics, has stated that while it is unclear if the current economic climate in the UK has been the sole reason for a surge in investment by US and other foreign countries, there has been a flurry of activity from abroad. Rasheed Hassan, head of global cross-border […] Posted by: Mya Driver Read more
£700m life sciences scheme in Oxford out to consultation Nov 10, 2022 Oxford North Ventures, the joint venture company of Thomas White Oxford, the development company of St John’s College, Cadillac Fairview and Stanhope, has launched a four-week public consultation on enhancements to phase 1a and new designs for phase 2 to deliver Oxford North, the new £700 million innovation district in Oxford, UK. Following the grant […] Posted by: Mya Driver Read more
Bruntwood gains planning approval for 18-storey workspace with rooftop pool Nov 10, 2022 Bruntwood, one of the UK’s leading commercial property companies, has received planning approval for a revolutionary workspace and leisure destination, ‘The Alberton’, in Manchester city centre. The approval marks the evolution of the firm’s Pioneer offering, with the building’s ‘workplace revolutionised’ ethos embedding holistic wellbeing into daily working lives. The current Alberton House on St. […] Posted by: Mya Driver Read more
Rolls Royce reveals plans to match England’s nuclear ambitions Nov 10, 2022 Rolls-Royce SMR, supported by the Nuclear Decommissioning Authority (NDA), has successfully completed a siting assessment review into the potential options for deploying Rolls-Royce SMR power stations. The study is another important step in deploying a fleet of small modular reactors (SMRs) that could help ensure the UK can reach net zero and bolster the country’s […] Posted by: Mya Driver Read more
Approval granted for £250M Oriel eye-care centre Nov 10, 2022 Plans for Oriel, a new £250M state-of-the-art eye care, research and education centre, have been given the green light by government. The joint initiative between Moorfields Eye Hospital NHS Foundation Trust, the UCL Institute of Ophthalmology and Moorfields Eye Charity, which will see services move to a brand-new integrated centre on the site of St Pancras […] Posted by: Mya Driver Read more
Summix announce purchase of Central Quay site in Glasgow from XLB Nov 10, 2022 Property developer Summix Capital has announced the purchase of one of the most exciting development sites in Glasgow from XLB. The prime brownfield site includes a current office building at 2 Central Quay, as well as a neighbouring 4.43-acre development site. Ideally located between the city centre and the west end, the development site is […] Posted by: Mya Driver Read more
Consortium to buy Vantage Towers in JV with Vodafone Nov 10, 2022 Vodafone Group Plc has announced it has entered into a strategic co-control partnership with a consortium of long-term infrastructure investors led by Global Infrastructure Partners and KKR for Vodafone’s 81.7% stake in Vantage Towers AG. The consortium includes Tower Bridge Infrastructure and PIF. Vantage Towers is Europe’s largest company when it comes to building and operating […] Posted by: Mya Driver Read more
