Custodian REIT sells industrial unit at 12% ahead of June valuation Nov 8, 2022 Custodian REIT (LSE: CREI), which seeks to deliver a strong income return by investing in a diversified portfolio of smaller regional properties across the UK, is pleased to announce the disposal of an industrial unit in Kilmarnock at auction for £1.4 million at a 12% premium to its 30 June 2022 valuation. The environmental credentials of […] Posted by: Mya Driver Read more
£14m town deal funding released for first reconnecting Runcorn projects Nov 7, 2022 The green light has been given on four business cases that form part of the Reconnecting Runcorn Town Deal, unlocking £14m of Towns Fund investment for the town. The business cases for the four projects were submitted to Government back in August. The documents had to provide evidence that demonstrated how each project met certain […] Posted by: Mya Driver Read more
Centrica and Equinor sign co-operation agreement for East Yorkshire hydrogen hub Nov 7, 2022 Centrica and Equinor have signed a co-operation agreement to explore developing a low-carbon hydrogen production hub at Easington in East Yorkshire, further strengthening the region’s growing status as the UK’s foremost hydrogen super place. Under the co-operation plan, the Centrica-operated area at Easington could transition to a low carbon hydrogen production hub over the coming […] Posted by: Mya Driver Read more
600 homes for Wolverhampton’s Brewers Yard redevelopment to get more than £5m of WMCA investment Nov 7, 2022 An investment of more than £5m has made by the West Midlands Combined Authority (WMCA) to help kickstart the first phase of the transformational Brewers Yard regeneration scheme in Wolverhampton city centre. The investment will pave the way for the first enabling phase in the delivery of almost 600 new homes and hundreds of construction […] Posted by: Mya Driver Read more
Hydrock announces UKREiiF 2023 partnership Nov 7, 2022 British-owned integrated engineering design, energy and sustainability consultancy, Hydrock, has announced their involvement in UKREiiF 2023. The event is set to take place in Leeds between 16-18 May. Experienced in all sectors, Hydrock unlocks complex sites and creates high-performing, sustainable buildings and future-proofed infrastructure that deliver positive user experiences, societal benefits and asset value. The […] Posted by: Mya Driver Read more
MFS secures £200m funding line from institutional investor Nov 4, 2022 Market Financial Solutions (MFS) has secured £200 million of additional institutional funding, which increases a currently deployed funding line and allows the business to expand its lending activities across both the bridging and buy-to-let (BTL) markets. This is in addition to the numerous funding lines that the specialist lender has secured in 2022. These add significant capacity and funding […] Posted by: Mya Driver Read more
Silbury Finance facilitates £22m for Hove residential development Nov 4, 2022 The Oaktree Capital Management-backed lender agreed the 17-month facility at 70% LTGDV. It will support Stonegate’s transformation of a vacant office block into 100 residential flats arranged over seven floors. The scheme will include a mix of one-and-two-bed apartments and penthouses with panoramic views across Brighton and the coastline. Some 25% of the homes are […] Posted by: Mya Driver Read more
Packaged Living and USAA Real Estate form JV to develop UK Build to Rent portfolio Nov 4, 2022 Packaged Living, the specialist UK Build to Rent (“BtR”) investor, developer and operator has announced today that it has entered into a new joint venture (“JV”) with USAA Real Estate (“USAARE”), the global asset manager with deep experience in rental housing development and asset management, to develop a portfolio of multifamily BtR assets across the […] Posted by: Mya Driver Read more
Legal & General invests £70m in Saxon Weald with sustainability-linked private placement Nov 4, 2022 Marking its eighth ESG-linked deal in the corporate debt space to date, LGIM Real Assets (Legal & General) provides Saxon Weald with sustainability-linked long-term financing to deliver new, energy efficient homes. LGIM Real Assets (Legal & General), on behalf of its Corporate Debt team, announces today that it has provided Saxon Weald £70m of sustainability-linked […] Posted by: Mya Driver Read more
Plans for 714 new apartments gets the green light Nov 4, 2022 A major development for the centre of Harlow has been given the go-ahead by the Development Control Committee at Harlow Council, who resolved to grant planning permission subject to a Section 106 agreement. Overall, the Harlow Quarter scheme, by Strawberry Star, will create 741 new apartments, along with flexible ground floor retail space to attract […] Posted by: Mya Driver Read more
