Birmingham Smethwick Corridor to create major regeneration opportunity Feb 7, 2022 A plan for the regeneration of the Smethwick to Birmingham Corridor is going to cabinet for approval this week, providing a strategy for housing, transport and local heritage as the area is redeveloped. The Smethwick to Birmingham Corridor Framework promotes a co-ordinated approach to regeneration within the area encompassing Birmingham Mainline Canal, City Hospital and […] Posted by: Mya Driver Read more
UK FinTech investment hits £28bn Feb 7, 2022 UK fintech firms attracted a record $37.3bn (£27.6bn) of investment last year, research shows. KPMG data has revealed that there was an almost sevenfold increase in financial backing for the fintech sector during 2021, up from $5.2bn. The sector attracted 601 merger and acquisition (M&A), private equity and venture capital deals during 2021, up from […] Posted by: Mya Driver Read more
Engineering consultant backs Proptech pioneer for next stage of growth Feb 7, 2022 Pioneering smart city design and planning platform, VU.CITY has secured Series A investment from Ramboll. The global engineering and design consultancy joins existing shareholder Grosvenor Hill Ventures, which is the technology investment subsidiary of global real estate advisory firm Savills, and GIA Surveyors to support VU.CITY’s journey to become a global cross-market platform. Over the […] Posted by: Mya Driver Read more
Rockwell and Cerberus JV acquire London waterfront side Feb 7, 2022 Royal London Asset Management (RLAM), on behalf of the Royal London UK Real Estate Fund (RLUKREF), have sold Hurlingham Retail Park to a joint venture between Rockwell and Cerberus. The acquisition was completed today (7 February 2022) byRockwell, a leading London-based property developer, in partnership with Cerberus Capital Management, L.P. (“Cerberus”), a global leader in […] Posted by: Mya Driver Read more
Tri7 acquires 2-acre London site for residential scheme Feb 7, 2022 Tri7, an investment and asset management firm, has unconditionally purchased for £21.5 million a 2.16 acre freehold town centre site on Lordship Lane in London’s Wood Green from U+I and Proprium, currently let to Mecca Bingo until December 2026. Tri7 has plans to repurpose the site into a new build residential-led scheme. Tri7 will look […] Posted by: Mya Driver Read more
Kennedy Wilson acquires landmark Edinburgh office building from PATRIZIA in £80m deal Feb 7, 2022 Global real estate investment company Kennedy Wilson (NYSE: KW) has acquired Waverleygate, a wholly-owned prime office building in Edinburgh, from the real assets investment manager PATRIZIA for $106 million, excluding closing costs. Waverleygate is one of the most prominent office buildings in the heart of Scotland’s capital city and is 97% occupied by national credit-worthy […] Posted by: Mya Driver Read more
Re-Leased latest to confirm as UKREiiF exhibitor Feb 7, 2022 At the inaugural UKREiiF event in Leeds between 17-19 May 2022, Re-Leased will exhibit alongside 100 other businesses. Re-Leased, the cloud-based commercial property management software business, has been confirmed as the latest to sign up to exhibit at UKREiiF. The business provides automated, intelligent commercial property management software, creating modern cloud-based solutions for commercial, industrial, […] Posted by: Mya Driver Read more
Harworth accelerates Waverley development with land parcel sales for 172 homes and a new hotel Feb 3, 2022 Harworth Group plc, a leading regenerator of land and property for sustainable development and investment, announces the sale of two land parcels at its Waverley development site in Rotherham, South Yorkshire: a 12.6- acre plot sold to Avant Homes for the delivery of 172 new residential units, and a 2.7 acre plot sold to Stapleford […] Posted by: Mya Driver Read more
Vistry Group acquires key Devon city location for 650 new homes Feb 3, 2022 Vistry Group has acquired land in Exeter to build more than 650 homes – adding to the housebuilder’s presence on the edge of the city centre. Vistry South West – which builds Bovis Homes and Linden Homes properties – is set to start work on the north side of the Alphington location in the spring. […] Posted by: Mya Driver Read more
Moorfield extends UK residential footprint with first co-living investment in Ealing, West London Feb 3, 2022 UKREiiF attendee Moorfield Group, the UK-focused real estate fund manager, on behalf of its Moorfield Real Estate Fund IV, has agreed to forward fund an 81 bed best-in-class co-living scheme near Ealing Broadway, West London, for £21 million. It represents Moorfield’s entry into the fast-growing London co-living sector, which is expected to be a beneficiary […] Posted by: Mya Driver Read more
