Sainsbury’s to offload £500m store portfolio to LXi REIT Sep 21, 2022 LXi REIT the commercial property investor on the FTSE-250 index is expected to purchase nearly 20 Sainsbury’s freeholds. Sainsbury’s is in talks to sell 18 stores in southern England to property investor LXi REIT for about 500 million pounds. Both companies said they were discussing a sale and leaseback deal. LXi REIT said it would […] Posted by: Mya Driver Read more
Stockport County FC launch public consultation on proposals to expand and improve Edgeley Park to 20 000 seats Sep 21, 2022 The long-term aspirations of Stockport County Football Club take a significant step forward today with the launch of a public consultation inviting views on proposals to expand and improve the stadium at Edgeley Park. The consultation, which is the first of two phases, will include consultation events for local residents and Club supporters to come […] Posted by: Mya Driver Read more
Warrington Power Station to be demolished to make way for 1750 homes Sep 21, 2022 The demolition set to begin before the end of the year. New owner, Peel NRE, Peel L&P’s natural resources and energy company, has submitted documents to the council to prepare the first phases of development at the northern part of the Widnes Road site which will include the demolition of the four northern cooling towers, […] Posted by: Mya Driver Read more
Largest development Site in Glasgow City Centre launched to market Sep 21, 2022 CBRE appointed by City Property Glasgow (Investments) LLP to market the cleared site at 20 India Street extending to 1.28 acres. It represents a rare development opportunity in thriving area of the city. Global real estate advisor CBRE has announced the launch to market of 20 India Street in Glasgow, representing the largest available development […] Posted by: Mya Driver Read more
Partnerships sees 1800 new homes developed in Wembley and Dollis Hill Sep 21, 2022 A partnership between leading housebuilder The Hill Group and Pinnacle Investments has entered into a contract with the United Colleges Group, to redevelop two sites in Dollis Hill and Wembley which will together deliver over 1,800 new homes. The parcel of land off Dudden Hill Lane, which is earmarked for approximately 1,500 new, energy efficient, […] Posted by: Mya Driver Read more
Plans submitted for a ‘Wembley of the North’ in Bradford Sep 21, 2022 Bradford has submitted a £50m bid to the Government’s Levelling-Up Fund for the development of a 25,000-capacity indoor stadium. If built, the stadium would become the largest permanently covered stadium in England and would host major music and entertainment events – and also become home to famous rugby league club Bradford Bulls. A Council spokesman […] Posted by: Mya Driver Read more
Frontierland development opportunity launched by Lancaster Council Sep 21, 2022 The city council is seeking expressions of interest from developers to work on a prominent prime seafront location in Morecambe. The 7.4-acre Frontierland site has been vacant since the theme park closed in 1999. Lancaster City Council is open minded as to how the land might be redeveloped, seeking expressions of interest from “all sectors […] Posted by: Mya Driver Read more
M7 Capital provides £16.3 million loan to support acquisition of three retail assets Sep 21, 2022 M7 Capital (“M7C”), a full-service real estate debt specialist, announces that it has provided, on behalf of its UK debt fund TREC II, a c. £16.3 million loan to Willow Nominees Limited. The loan is secured against two modern retail parks and a shopping centre comprising multiple units extending to a total of c. 220,700 […] Posted by: Mya Driver Read more
Puma Property Finance provides £33m development finance facility to transform iconic building in the heart of Basingstoke into one of the greenest workspaces in the Southeast Sep 21, 2022 Puma Property Finance today announces it has provided a £33m development finance facility for the iconic Mountbatten House in Basingstoke. The development will see the transformation of a remarkable Grade II listed building into a sustainable and cutting-edge workspace with a wellness offering and extensive amenities. The project is being led by highly experienced counterparties […] Posted by: Mya Driver Read more
Aviva Investors provides £105 million in refinancing for portfolio of regional logistics assets Sep 21, 2022 Aviva Investors, the global asset management business of Aviva plc, announces that it has provided £105 million of refinancing to South African specialist industrial REIT Equites Property Fund, secured against a portfolio of five regional distribution assets across the UK. The investment was made on behalf of Aviva UK Life’s annuity business. As part of […] Posted by: Mya Driver Read more
