Sovereign Peveril JV submits plans for £500m Hertfordshire mixed-use scheme Sep 26, 2022 Hertfordshire is to get an entirely new town centre, with plans submitted today for the £500m Brookfield Riverside development in Cheshunt. Designed by Lyons+Sleeman+Hoare, the 1m sq ft Brookfield Riverside will rise at the intersection of the M11 and M25 motorways. Sovereign Centros are in a development partnership with Peveril Securities. The parties were appointed […] Posted by: Mya Driver Read more
Essex council wants £80M DfT funding for roundabout Sep 26, 2022 Plans to redesign the Army and Navy in Chelmsford have moved another significant step forward. Essex Council have submitted an outline business case to the Department for Transport for funding of £67 million. The funding is for the proposed Army and Navy Sustainable Transport Package. This is the next stage of the bidding process for […] Posted by: Mya Driver Read more
Plans for £1.2bn upgrade to A12 between Chelmsford and Colchester approved Sep 26, 2022 Under the £1.2-billion-pound plans, the A12 between and Colchester – junctions 19 (Boreham Interchange) to 25 (Marks Tey Interchange) – will be widened to three lanes in each direction. Two major bypasses will also be constructed; one at Rivenhall End and a second between Kelvedon North to the Marks Tey Interchange (junctions 24-25). The proposed changes to […] Posted by: Mya Driver Read more
Tetra Tech outbid WSP for listed UK consulting engineer RPS Sep 26, 2022 After recommending a £625.9m takeover bid last month by Canadian firm WSP, RPS has changed course after receiving a £636m offer from US firm Tetra Tech UK Holdings. WSP have asked RPS shareholders to take no action. Ken Lever, non-executive chairman of RPS, said: “The board of RPS is pleased to recommend Tetra Tech’s offer, […] Posted by: Mya Driver Read more
Investec provides £29m development loan for two industrial schemes in Peterborough and Aylesbury Sep 26, 2022 Investec Real Estate announces that it has provided Chancerygate, the UK’s largest multi-unit industrial property developer and asset manager, with two, 22-month senior development loans, totalling £28.7 million, to support the construction of two industrial schemes, totalling 288,000 sq ft. In Peterborough, the UK’s fastest growing city, Chancerygate will deliver 123,000 sq ft of industrial, […] Posted by: Mya Driver Read more
Aedifica invests £45.5 million in 3 care homes in the United Kingdom Sep 26, 2022 Aedifica will invest approx. £45.5 million in the acquisition of a brand-new care home and the construction of two care homes in the United Kingdom. Stefaan Gielens, CEO of Aedifica, commented: “We are pleased to announce that Aedifica will invest approx. £45.5 million in the acquisition of a brand-new care home and the development of […] Posted by: Mya Driver Read more
Lamington Group plans three new net zero room2 hometels in the UK Sep 23, 2022 Family-owned real estate investment and development company, lamington group, has announced it will open net zero room2 hometels in York, Glasgow, and Manchester. The move comes as part of the company’s sustainable property development plan and represents an investment of £114 million. The room2 brand currently has 3 operational establishments in the UK, of which […] Posted by: Mya Driver Read more
CBRE secures £20M funding for development of heat network at Liverpool Waters Sep 23, 2022 CBRE’s Investment Advisory team, part of CBRE Capital Advisors, has arranged further funding from the Merseyside Pension Fund Catalyst Fund to support the next phases of the development of a heat network at Liverpool Waters, taking the total Catalyst facility to £20 million. The heat network is one of Liverpool’s most significant regeneration projects having […] Posted by: Mya Driver Read more
Plans revealed: ownerless properties transferred to local communities Sep 23, 2022 Proposal for ownerless properties that have fallen to the Crown to be transferred to communities across Scotland unveiled today. Under the plans, ownerless properties can be sold for a nominal sum to key public sector partners for community use. The King’s and Lord Treasurer’s Remembrancer (KLTR) launched a consultation on proposals for an Ownerless Property Transfer Scheme (OPTS) […] Posted by: Mya Driver Read more
£35M Canvey Island Flood Defences approved Sep 23, 2022 The Environment Agency is set to begin the renewal of flood defence revetment this financial year, 2022/23, bringing huge improvements to the seafront and shoreline. This £35 million project will renew Canvey Island’s existing flood defences along the 3-kilometre stretch of the Island’s southern seafront. Canvey Island is a town, civil parish and reclaimed island in […] Posted by: Mya Driver Read more
