UKREiiF News

GPE sells 50 Finsbury Square, EC2 for £190 million

Great Portland Estates plc (GPE) has exchanged contracts on the sale of the freehold of 50 Finsbury Square, EC2 to a wholly owned subsidiary of Wirtgen Invest Holding GmbH, a private German family office. The headline price of £190.0 million (subject to adjustment for final building area and retail leasing) reflects a topped up net […]

Posted by: Mya Driver

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Silbury Finance provides retirement living specialist Audley Group with £59 million investment loan

Silbury Finance (“Silbury”), the Oaktree Capital Management-backed development lender, has provided Audley Group (“Audley”), the UK retirement village provider, with a £59 million investment facility, secured against four retirement villages located across Greater London and the Midlands. The two-year, 75% LTV facility refinances an existing loan and will support Audley as it progresses with the […]

Posted by: Mya Driver

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Plans to transform Castleford town centre set to be approved

Plans to develop and shape future regeneration in Castleford are set to be approved at the next meeting of Cabinet members. The ambitious plan, known as the ‘Strategic Regeneration Framework (SRF), is a guide to how Castleford town centre could be transformed over the next 10 to 20 years, to bring improvements that could benefit […]

Posted by: Mya Driver

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Development in future: Thames Estuary flood risk

The Environment Agency and a number of other bodies are looking towards the end of the century to ensure homes, businesses and critical services from Teddington to Sheerness and Southend remain protected by updating the Thames Estuary 2100 Plan. The Environment Agency is calling on communities and organisations to play their part in updating the […]

Posted by: Mya Driver

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Station development plans to be unveiled for £116M restoration of abandoned Scots railway

Network Rail is set to unveil plans for a station development as part of the £116.6M Levenmouth Rail link project. The new station developments are at Leven and Cameron Bridge The station plans were developed in conjunction with stakeholders, and these drop-in events follow Fife Council’s consultation on the wider ‘place-making’ aspects of the developments. […]

Posted by: Mya Driver

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Giant leap for Cornwall as £5.6M Spaceport officially opens

Spaceport Cornwall have officially opened the home of UK launch. The Space Systems Integration Facility is the first of its kind at a Spaceport in the UK. The facilities pave the way for Cornwall as the home of horizontal space launch in Europe. Spaceport Cornwall has officially opened their Space Systems Integration Facility, heralding a […]

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Plan for almost 1,000 affordable homes approved by Argyll and Bute

Proposals to build nearly one thousand new homes for Argyll and Bute over the next five years received total support at a council meeting today. The agreement means 247 affordable homes could be built this year Councillor Robin Currie, policy lead for the Economy and Rural Growth, said: “Investing in and delivering quality affordable housing […]

Posted by: Mya Driver

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