Palace Capital raise further £15m through strategic disposal programme Jul 19, 2021 Palace Capital, the Main Market listed property investment company that has a diversified portfolio of UK commercial real estate in carefully selected locations outside of London, but focusing on the office and industrial sectors, has completed the sale of Bridge House, High Street in Weybridge, Surrey as part of its £30 million programme of non-core […] Posted by: Nathan Spencer Read more
Regeneration scheme in Birmingham including 32-storey building set for green light Jul 16, 2021 A landmark regeneration scheme in Birmingham, which would include buildings of up to 32 storeys, is set to be backed by the council. The project is expected to create hundreds of jobs in the city. Trinity (CW) Ltd is seeking the go-ahead from Birmingham City Council build nine new buildings at Upper Trinity Street and […] Posted by: Nathan Spencer Read more
GlaxoSmithKline to invest £400m into UK life science campus Jul 16, 2021 GlaxoSmithKline (GSK) is set to create a £400m life sciences campus in Stevenage – creating 5,000 jobs in what will be one of Europe’s largest biotechnology centres. GlaxoSmithKline plans to unlock up to £400m of private investment and create thousands of skilled jobs over the next decade as the UK drugmaker sets out a post-pandemic […] Posted by: Nathan Spencer Read more
The Infrastructure & Projects Authority releases best practice guidance on major projects Jul 16, 2021 The Project Routemap has been revised to ensure that ‘novel and complex programmes’ across UK infrastructure sectors are set up for success. It was developed by the Infrastructure & Projects Authority (IPA) – an Observer on the UKREiiF’s Adivsory Group, with the support of construction consultant Turner & Townsend and academics at University College London […] Posted by: Nathan Spencer Read more
Arrow Capital Partners agrees deal to fund logistics project Jul 16, 2021 Arrow Capital Partners has agreed to fund the construction of Aviator Park Phase II – which will comprise additional 280,000 sq ft of logistics space – in Ellesmere Port. Phase I was constructed and let to Survitec on a 20-year lease shortly after completion in 2020. The part of the development is already owned by […] Posted by: Nathan Spencer Read more
Abrdn (formerly Standard Life Aberdeen) shakes up senior investment team Jul 16, 2021 Abrdn, formerly Standard Life Aberdeen, has shaken up its management team as it prepares for the retirement of its chief investment officer. Rod Paris will retire from the role at the end of this year after nearly 20 years at the firm. In light of his retirement, the group will reorganise its structure, dividing its […] Posted by: Nathan Spencer Read more
Latest 15 Town Deals announced worth £335m as strategy to regenerate high streets launched Jul 16, 2021 Long-term plan to support the evolution of high streets into thriving places to work, visit and live will breathe new life into town centres. New high street strategy to transform town centres into vibrant places to live, work and visit Derelict buildings to be transformed, streets to be cleaned up, and communities across the UK […] Posted by: Nathan Spencer Read more
Exclusive: GBB and UKREiiF – supercharging growth and much-needed investment Jul 15, 2021 There has never been a shortage of talent and entrepreneurial flair in the property sector across the North. Companies have grown despite a well-documented funding gap compared to the South-East. It is promising to see the government promising to Build Back Better from the pandemic and address the regional disparities that have plagued the country. […] Posted by: Nathan Spencer Read more
Alterity Investments reveals Belfast city centre redevelopment project Jul 15, 2021 The proposed redevelopment of Belfast’s former BHS building has taken a step forward with the submission of a planning application. Alterity Investments Ltd is behind the scheme to transform the site on Castle Lane. It has been vacant for five years following the collapse of BHS and changed hands earlier this year. In March, Alterity said […] Posted by: Nathan Spencer Read more
£2.7bn investment pledge by water firms Jul 15, 2021 The UK’s water companies will pour a total of £2.7bn into environmental improvements over the next five years, it was announced this morning. On top of £1.9bn of pre-planned spending, sector regulator Ofwat has this morning approved an extra £793m of investment. The watchdog said that the additional spending would “allow water companies to take […] Posted by: Nathan Spencer Read more
