Devon Council loans additional £2million to development arm Sep 23, 2022 The request of £2.281million will take it up to a forecast spend this year of £12.7million Mid Devon District Council’s (MDDC) development company Three Rivers Development Ltd (3RDL) is being loaned more than £ 2 million from the authority. MDDC’s cabinet decided to loan the money at its September meeting. The leader of the council, […] Posted by: Mya Driver Read more
Planning application received for 117 room hotel project in Northern Quarter Sep 23, 2022 Acting on behalf of Manchester based developer, Jadebricks, Turley has submitted a planning application to Manchester City Council for an aparthotel in the Northern Quarter district of the city centre. The proposed redevelopment sits on the corner of Oldham Street and Spear Street and the development will be known as ‘Larard’s Still’. Designed by SimpsonHaugh, […] Posted by: Mya Driver Read more
Tees valley to be revealed as investment zone by chancellor Sep 23, 2022 The Tees Valley is set to become one of the first areas in the UK to pilot new economy-boosting Investment Zones designed to boost growth. The Chancellor of the Exchequer Kwasi Kwarteng is expected to make the announcement in the Government’s Growth Plan. Middlesbrough and Hartlepool are set be the first two areas put forward by the […] Posted by: Mya Driver Read more
Pitalia makes industrial purchase Sep 22, 2022 Pitalia has completed a sale and leaseback investment at a well-known industrial estate in Cheshire – a freehold of a 71,225 sq ft warehouse on the Winsford Industrial Estate for £3.58m. The warehouse will be leased back over ten years to an undisclosed tenant at a rent of £305,000 per annum with a tenant break […] Posted by: Mya Driver Read more
Proposals for up to 250 student flats on Church Road unveiled Sep 22, 2022 A proposal that could see the former Co-operative Funeralcare site on Church Road turned into student accommodation has been revealed. The new vision for the brownfield land would see up to 250 flats built in buildings up to six-storeys high, along with car and cycle parking spaces and landscaping. People are invited to give their feedback on […] Posted by: Mya Driver Read more
Homes England makes cornerstone investment in new development finance fund Sep 22, 2022 Homes England, alongside Greater Manchester Pension Fund, clients of listed wealth manager Mattioli Woods and other private institutional investors, have committed £80m to the Initial Close of the Newstead SME Real Estate Lending Fund (RELF). The Fund is to be managed by specialist fund manager Newstead Capital and the intention is to grow the fund […] Posted by: Mya Driver Read more
Government pledges £233 million infrastructure funding to bring dockland site back to life Sep 22, 2022 Homes England will provide £233m of infrastructure loan funding to bring to life a new £3.5bn neighbourhood at Silvertown, East London as part of one of the country’s most significant regeneration projects. Sitting within London’s only Enterprise Zone at the Royal Docks, the Silvertown site in Newham has been derelict for the last 40 years […] Posted by: Mya Driver Read more
Tristan Capital Partners and Bricks Group Expand PBSA Portfolio via £110m Liverpool Acquisition Sep 22, 2022 Tristan Capital Partners’ CCP 5 Fund along with its joint venture partner, Bricks Group, has acquired a 999-bed purpose-built student accommodation asset in the city of Liverpool from Aura Investors LLP for £110 million. Liverpool is one of the UK’s leading university centres with more than 70,000 students and five Higher Education Institutes including the […] Posted by: Mya Driver Read more
Flexible new credit facility further strengthens AIPUT’s responsible financial firepower to expand across the UK industrial gateway real estate market Sep 22, 2022 abrdn’s AIPUT fund (Airport Industrial Property Unit Trust) has announced the completion of a new £350 million senior secured sustainability-linked credit facility (“Facility”) to enable a new chapter of diversified, responsible investment growth. The Facility consists of a split term loan and revolving credit facility structure, with an initial committed term of five years. The […] Posted by: Mya Driver Read more
Angus Council not against £40m battery storage plant Sep 22, 2022 Angus Council is not opposed to a £40 million battery storage plant near the border with Dundee capable of holding enough power to supply 35,000 homes a year. The 80 megawatt proposal would be the largest of its kind in the county. Proposals for the site near Duntrune first emerged earlier this year. A second […] Posted by: Mya Driver Read more
