Savills IM’s Simply Affordable Homes Fund Completes First Acquisition with PPHA Oct 22, 2024 Savills Investment Management’s (“Savills IM”) Simply Affordable Homes fund (“the Fund”) has completed its first acquisition of 100 homes from Park Properties Housing Association (“PPHA”). This is the first step in the Fund’s mission to increase the supply of high-quality Affordable housing in the UK. The acquisition is one of a series of planned completions […] Posted by: Deividas Krupstas Read more
Kerakoll Group Acquires Land for New Production and Distribution Facility in Preston Oct 22, 2024 Kerakoll Group, an international leader in sustainable building materials, has acquired a 40,000-square-meter (approximately 10-acre) plot of land in Preston, Lancashire, at the APTUS development. This acquisition is a significant step in the company’s expansion strategy for the United Kingdom and Northern Europe, with plans to develop a 145,000 sq ft production and distribution facility. […] Posted by: Deividas Krupstas Read more
DTZ Investors secures Edinburgh shopping asset in £18.15m deal Oct 22, 2024 An Edinburgh retail asset in a prime location, housing a Waitrose and Kwik-Fit garage, has been sold for circa £18.15m to DTZ Investors. The property comprises a 33,000sq ft retail space for Waitrose and an almost 13,000sq ft Kwik-Fit garage. Euan Kelly, capital markets partner at Knight Frank Edinburgh, said: “Both Waitrose and Kwik-Fit trade […] Posted by: Deividas Krupstas Read more
Sutton Council confirms Genr8 Kajima Regeneration as town centre development partner Oct 22, 2024 Sutton Council has announced its preferred development partner for the next exciting phase of its town centre regeneration. The plans for the St Nicholas Shopping Centre, Civic Offices, Gibson Road car park and Secombe Theatre sites will see a brand new Civic Hub open in the heart of the town centre. The Hub will offer […] Posted by: Deividas Krupstas Read more
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
