Newcore secures £80m HSBC refinancing deal Oct 22, 2024 Newcore has secured a £40m debt facility from HSBC, comprising of £20m senior loan and £20m revolving credit, in addition to a further £40m accordion facility. The funding will help Newcore with their fifth value-add fund titled Newcore Special Situations V which closed min May with circa £190m in equity contributions. The fund is targeting […] Posted by: Deividas Krupstas Read more
Driving a positive change: How and why Loop measure social value Oct 22, 2024 By Loop Through this year’s UKREiiF Social Value Report 2024, we reported that the forum has created £5 million in social value since 2022. After the event we crafted a detailed report showcasing just how much of a positivity impact UKREiiF have made. Rifayat Mirza Miah, one of our economists at Loop, goes into more […] Posted by: Mya Driver Read more
Platform Housing secures 150-homes for affordable housing in deal with Vistry Oct 21, 2024 A Gloucestershire village will be the latest to benefit from new affordable homes from a large Midlands provider. Platform Housing Group – which manages almost 50,000 homes across the region – has agreed a deal with Vistry, Britain’s biggest housebuilder and leading provider of affordable homes, for the site at Fiddington Lane in Ashchurch. In […] Posted by: Deividas Krupstas Read more
Whitbread acquires Leeds city centre office for hotel redevelopment Oct 21, 2024 The hotel development market in Leeds city centre shows no sign of slowing following the acquisition of a strategically located development site by Whitbread PLC, the parent company to the Premier Inn hotel chain, and the UK’s largest hotel business. It has acquired the freehold of a 42,000 sq ft office building (GIA) in the […] Posted by: Deividas Krupstas Read more
Avant Homes to deliver 118-homes for WDH’s social housing portfolio Oct 21, 2024 Housebuilder Avant Homes is constructing 118 new homes for WDH after agreeing a £21m deal with the social housing provider. The housebuilder will deliver 118 new homes across its Eden Fields development in Edenthorpe, near Doncaster, and Smithy Wood Gate in Dodworth, near Barnsley. The partnership demonstrates Avant Homes’ ongoing delivery of its multi-tenure strategy. […] Posted by: Deividas Krupstas Read more
Government announces action to “get a grip on spiralling HS2 costs” Oct 21, 2024 Action to “control the cost of HS2 and bring the project back on track” has been announced by the Transport Secretary Louise Haigh MP. The following press release was added to their website over the weekend to confirm changes and the Government’s thoughts behind them: – Just months into the role, Louise Haigh has warned […] Posted by: Deividas Krupstas Read more
200-bed hotel set for Middlesbrough Oct 21, 2024 International hotel brand Fairfield by Marriott is in discussions to open a new 200-bedroom hotel coming to the heart of Middlesbrough. Building work on the Gresham hotel project is forecast to start in early summer next year, subject to board approval. Members of the Middlesbrough Development Corporation Board will meet this Friday to agree next […] Posted by: Deividas Krupstas Read more
Bicester Motion secured £27m funding from Cain for latest project Oct 21, 2024 Bicester Motion, the 444-acre future mobility estate in Bicester, Oxfordshire, has secured a £26.8 million development loan from Cain International, an alternative asset manager specialising in real estate investment solutions. The funding will be used to deliver the first phase of The Ranges, the estate’s latest development designed for headquarters buildings for innovative transport technology […] Posted by: Deividas Krupstas Read more
Government launches British Infrastructure Taskforce Oct 18, 2024 Private finance experts met the Chancellor at No11 Downing Street today to boost investment in infrastructure and drive growth nationwide. Rachel Reeves convened the inaugural meeting of the British Infrastructure Taskforce as part of a new approach that involves government working with business to design policy that will unlock private investment, including by building business […] Posted by: Deividas Krupstas Read more
Approval Granted for Major 600 Housing Development in Wembley Oct 18, 2024 A major housing development at 1-22 Brook Avenue in Wembley, London, has been granted approval by the local planning committee. The unanimous decision marks a significant milestone for the project, which will deliver 600 new homes across four buildings, with heights reaching up to 16 storeys. Located north of Wembley Stadium, the development will be […] Posted by: Deividas Krupstas Read more
