London still sucks in nearly half of investment in residential property Mar 11, 2021 London attracted nearly half of the £6.1bn investment in residential property last year according to a new report out today by Colliers International. Despite efforts to level up the economy, the capital enhanced its reputation as a property hotspot with £2.836bn of investment, which was seven times greater than the next highest city – Birmingham […] Posted by: Mark Flanagan Read more
Nine named on National Grid’s £1.5bn framework Mar 11, 2021 Nine contractors have been named on the National Grid’s £1.5bn RIIO-2 Electricity Construction EPC framework. The five-year framework relates to design, engineering, manufacture, supply, project management, construction, erection and commissioning in respect of overhead lines, undergrounding and/or substation works. Balfour Beatty is the only company to have made it on to all three lots: Lot […] Posted by: Mark Flanagan Read more
Government adds its weight to M&G’s £500m shared ownership fund Mar 11, 2021 A new government-backed shared ownership investment fund is promising to deliver £500m of sustainably-designed, affordable homes. M&G Investments has launched the fund with £215m investment from the Cambridgeshire and Northamptonshire Local Government Pensions Scheme, Homes England, two of M&G’s clients and the Hyde Group housing association, which will deliver the new accommodation. The collaboration will […] Posted by: Mark Flanagan Read more
£50m Midlands/North-based student homes partnership Mar 11, 2021 Two companies have joined forces to create a £50m portfolio of professionally-managed student houses in the UK. Real estate fund manager Moorfield Group and We Are Kin, a landlord and refitter of student homes, have seeded their venture with a £10m property portfolio and aim to grow it to more than 1000 beds. They are […] Posted by: Mark Flanagan Read more
Putting the focus on sustainability, diversity and skills development Mar 11, 2021 The UK’s Real Estate Investment and Infrastructure Forum (UKREiiF) is embracing the aims of the Government’s Build Back Better initiative and making it a major theme. Launched yesterday, UKREiiF has laid out a programme of new initiatives which will build towards a three-day networking, exhibition and conference super event in Leeds next year, the perfect […] Posted by: Mark Flanagan Read more
Another huge win for North East as Teesside port selected to house new wind turbine factory Mar 11, 2021 A global offshore wind manufacturer will build a state-of-the-art turbine blade manufacturing factory on Teesworks it was announced last night. A deal was struck with French powerhouse GE Renewables Energy for its new facility to be based in the North East, ahead of another location in France. It will sit alongside a new port being […] Posted by: Mark Flanagan Read more
Multi-layered Congleton development set for approval Mar 10, 2021 A project to breathe new life into 57 acres of redundant farmland near Congleton Business Park is due to be approved by local planners this week. Richborough Estates has developed an innovative mixed-use scheme to include up to 175 homes, a 19,000 sqft food store, office space (37,000 sqft), light industrial use (93,000) and warehousing […] Posted by: Mark Flanagan Read more
Profits surge for industry leaders Tritax Big Box Mar 10, 2021 Leading UK warehouse developer Tritax Big Box today announced a 20% rise in profits and laid out its long-term strategy to enhance its portfolio which is now valued in excess of £4.4bn. The FTSE 250-listed company’s full-year results for 2020 reflected the strength of the logistics sector as Tritax’s profits jumped to £147.5m, in part […] Posted by: Mark Flanagan Read more
Manchester property developers tie up deal to transform supermarket site in Stockport Mar 10, 2021 Manchester property developers Amstone yesterday completed on a former supermarket site in Stockport which is set to be transformed into a £100m build-to-rent-led residential development. Leach Rhodes Walker have started work on drawing up plans for the 550-home residential scheme, which is made up of apartments, townhouses and a large communal garden. Deloitte are assisting […] Posted by: Mark Flanagan Read more
Aberdeen Standard issues new shares to cash in on European logistics bonanza Mar 10, 2021 The attractiveness of the global logistics market was once again reinforced today with the announcement of Aberdeen Standard European Logistics Income’s ‘non-pre-emptive’ issue of up to 18.45 million shares. The asset management giant (ASLI) is due to add its 15th warehouse development via a €28m acquisition in Poland. Once completed – expected this month – […] Posted by: Mark Flanagan Read more
