Peaks and Plains Housing Trust secures £72m funding from Aviva Investors Aug 25, 2022 Aviva Investors, the global asset management business of Aviva plc, announces it has completed a deal to provide £72.5 million in funding to Peaks & Plains Housing Trust (‘Peaks & Plains’), a social landlord based in Macclesfield, Cheshire. The agreement will enable Peaks & Plains, which manages over 5000 homes across East Cheshire and the […] Posted by: Mya Driver Read more
Investec provides £11m loan to Meadow Partners for King’s Cross acquisition Aug 25, 2022 Investec Real Estate (“Investec”) announces that it has provided Meadow Partners (“Meadow”), an institutional middle-market real estate investor, with a 36-month, £11.2 million senior loan, to support its acquisition of a prime mixed-use building on highly sought-after Northdown Street in King’s Cross, London. Designed and developed in 2007 by renowned architect Squire & Partners, the […] Posted by: Mya Driver Read more
Railpen secures Oxford life science business park in £30m deal Aug 23, 2022 The UK’s railways pension scheme – Railpen – has scooped for a life-science business park in Oxford for £29m. Eastpoint Business Park, acquired from AEW UK REIT, comprises of five buildings and they aim to reposition the asset to create a laboratory-led portgolio. This is a further commitment by Railpen in the Oxford Cambridge Arc […] Posted by: Mya Driver Read more
Former Manston Airport’s £500m redevelopment approved by DfT Aug 23, 2022 Riveroak Strategic Partners (RSP) has gained approval from the Department for Transport to move forward their bid to transform the former Manston Airport into a carbon net zero freight and passenger hub. The scheme will see the creation of new import/export facilities and an upgraded passenger terminal – in addition to key infrastructure improvements to […] Posted by: Mya Driver Read more
Former Newcastle Brown Ale brewery site acquired for leisure development Aug 23, 2022 The owner of the UK’s largest shopping centre – the MetroCentre in the North East – has acquires a 13-acre site adjacent to the shopping centre which they’re aiming to transform into a leisure attraction. The former Federation Brewery site, which used to brew Newcastle Brown Ale, has been acquired by ‘The MetroCentre Partnership’ – […] Posted by: Mya Driver Read more
Northstone submits plans for 74-sustainable homes in Lancaster Aug 23, 2022 Detailed plans for 74 sustainable new homes in South Lancaster have been submitted by North West-based homebuilder Northstone. Development of the land to the west of Scotforth Road (A6) was previously given the green light by Lancaster City Council in April 2021. The Northstone team has now submitted a reserved matters application – confirming the […] Posted by: Mya Driver Read more
Fiera Real Estate and Wrenbridge acquire 2.3-acre site for Grade A industrial scheme Aug 23, 2022 Fiera Real Estate (“FRE UK”) and Wrenbridge are pleased to announce the acquisition of a 2.3-acre site in Hemel Hempstead. The business plan is to obtain planning and speculatively develop a new 52,000 sq.ft Grade A industrial warehouse development with a GDV of £22m. The site was purchased through the Fiera Real Estate Logistics Development […] Posted by: Mya Driver Read more
Present Made receives approval for £160m Cambridge scheme Aug 23, 2022 Present Made, the UK’s first purpose-built and designed single-family rental housing platform, has secured planning committee approval for its debut development. Located in Eddington, Cambridge, the £160m GDV scheme has been designed by award-winning practice Jo Cowen Architects and will form a key part of the University of Cambridge’s North West Cambridge masterplan. The homes […] Posted by: Mya Driver Read more
Silbury Finance provides £74m loan to North Star for York residential scheme Aug 23, 2022 Silbury Finance (“Silbury”), the Oaktree Capital Management-backed development lender, has provided a £73.8 million senior debt facility to North Star Investment Management (“North Star”), Yorkshire’s premier creative property asset management company, to fund the development of a residential-for-sale scheme in York. The 30-month, 73% LTGDV facility is the largest loan Silbury has originated to date. […] Posted by: Mya Driver Read more
Supermarket Income REIT acquires four assets for £76.4m Aug 23, 2022 Supermarket Income REIT plc (LSE:SUPR), the real estate investment trust providing secure, inflation-protected, long income from grocery property in the UK announces the acquisition of four supermarkets for a total purchase price of £76.4 million (excluding acquisition costs), reflecting a combined net initial yield of 5.1%. Acquired from different vendors, the purchases consist of two […] Posted by: Mya Driver Read more
