ECF and Metropolitan Thames Valley sign landmark agreement to bring 50% affordable homes to Canning Town Oct 13, 2021 Innovative, market-leading development partnership, The English Cities Fund (ECF), working in close partnership with the Mayor’s Homes for Londoners team, have signed a landmark agreement with Metropolitan Thames Valley Housing Association (MTVH) to bring forward a major new 804-home scheme, which will deliver 402 (50%) affordable homes to benefit the Newham community. The Manor Road […] Posted by: Mya Driver Read more
Carlyle and ARA Dunedin JV acquire 11 logistics assets from Moorfield Oct 12, 2021 Global investment firm Carlyle (NASDAQ: CG) and ARA Dunedin today announced that their joint venture, established in March 2021, has acquired a portfolio of logistics assets in the UK from Moorfield Real Estate Fund IV for £102 million. The portfolio comprises 11 distribution logistics assets which total 1 million sq ft in lettable area. Strategically […] Posted by: Mya Driver Read more
Government allocates council’s with £58m funding to unlock brownfield land Oct 12, 2021 The Department for Levelling Up, Housing and Communities (DLUHC) announced almost £57.8 million from the £75 million Brownfield Land Release Fund (BLRF) has been allocated to 53 councils for new homes to be built on underused and derelict land. The funding will boost local areas by transforming unloved and disused sites into vibrant communities for […] Posted by: Mya Driver Read more
Lloyds Banking Group eyes £100bn pension and investment arm Oct 12, 2021 The group director of insurance and wealth at Lloyds Banking Group said the company wants to grow its personal pensions and investment arm to more than £100bn ($137bn, €117bn). Antonio Lorenzo, who is also chief executive of Scottish Widows, told the Mail on Sunday that the bank plans to take on Hargreaves Lansdown and wants to build […] Posted by: Mya Driver Read more
AIPUT doubles down on investment with acquisition of the Fleming Business Centre in the heart of the Gatwick airport ecosystem Oct 12, 2021 AIPUT (Airport Industrial Property Unit Trust) managed by abrdn, has completed the freehold acquisition of the multi-let Fleming Business Centre, located in the heart of Manor Royal, Crawley, to the south of Gatwick Airport. The freehold site (4.5 acres) was acquired from Lothbury Investment Management for £22.4m at a yield of 4.2%. This latest acquisition […] Posted by: Mya Driver Read more
Inox Property Group sells 157-acres to enable garden village project Oct 12, 2021 RoundShield has announced that it has recently supported its borrower, Inox Property Group, in the sale of 157 acres of land to Cornwall Council to facilitate the development of around 1,550 homes as part of the proposed Langarth Garden Village in Truro. The development, which is in the process of securing detailed planning approval, is […] Posted by: Mya Driver Read more
Investec Real Estate private client team take total commitments past £1bn Oct 12, 2021 Investec Real Estate, a leading provider of residential and commercial finance to corporate, institutional and private clients, announces that its private client lending team has provided of over £225 million of finance, across 25 loans, since 1 April 2021. It takes the total committed loan facilities past £1 billion. The strong performance, which alongside the […] Posted by: Mya Driver Read more
United Trust Bank provides £10m regeneration Oct 12, 2021 United Trust Bank (UTB) have provided a £10 million investment into Yellow Brick Estates new Kensal Views development. The development facility has been announced as construction at Kensal Views is underway, with practical completion of the scheme set for late Q3 2022. The development is located on Goodhall Street in the heart of the Kensal Green regeneration area. Kensal Views is set to provide […] Posted by: Mya Driver Read more
Hines names new European Head of ESG Oct 12, 2021 Hines, the international real estate firm, has appointed Daniel Chang as Head of Environmental, Social & Governance (ESG) for Europe. Daniel’s appointment sees the firm strengthen its longstanding commitment to ESG, further supporting its holistic ESG approach globally, and will ensure new initiatives focused on addressing carbon emissions and social equity across the built environment […] Posted by: Mya Driver Read more
£110m technology campus planned in Gloucester Oct 11, 2021 Gloucester City Council and Reef Group, the mixed-use regeneration specialist, are targeting the booming digital and cyber-technology industry with the launch of The Forum, a new technology campus in the heart of Gloucester. The £107m project, which is being delivered by Reef Group in a Joint Venture with Gloucester City Council, offers a blueprint for […] Posted by: Mya Driver Read more
