Welsh Government submits plans for £150m Global Centre of Rail Excellence Apr 15, 2021 The Welsh Government has submitted plans to build a £150m rail testing complex at the site of a former open-cast coal mine in Powys. The Global Centre of Rail Excellence, which is due to be completed in 2025, will allow for rolling stock and trains to be trialled on a 6.9km circular track which can […] Posted by: Mark Flanagan Read more
Prologis launches logistics training programme Apr 14, 2021 A group of job seekers from Northamptonshire will be the first to benefit from a new training programme created by Prologis. In a week where European Supply Chain Day (15 April) will highlight the importance of the logistics and transport sector, participants in the week-long pilot scheme for the Prologis Warehousing and Logistics Training Programme […] Posted by: Mark Flanagan Read more
British Land’s plans for logistics sites in London, Sheffield and Teesside Apr 14, 2021 Property development giants British Land has divulged further details of its plan to create a logistics portfolio. The retail specialists today released a trading update report, ahead of the announcement of its full-year results on May 26, and in it outlined its wish to take advantage of the unrelenting growth in demand for warehousing. The […] Posted by: Mark Flanagan Read more
Contractor wanted for Tritax’s speculative East Midlands logistics park Apr 14, 2021 The first phase of Tritax Symmetry’s 2million sqft logistics park in the East Midlands has gained approval. The warehouse specialist plans to build seven large-scale warehouses on an 111-acre site near Rugby (just off the M45) and this week was granted planning permission for the first two speculative units – 186,000 and 134,000 sqft. Both […] Posted by: Mark Flanagan Read more
Watford Council opens tender process on £200m redevelopment joint venture Apr 14, 2021 Watford Borough Council (WBC) has opened the procurement process on a joint venture proposal to redevelop Watford’s Town Hall Quarter (THQ). Potential construction partners have until May 17 (5pm) to enter the bidding process for the £200m scheme. WBC requires a partner who can carry out preparation, design, build and finance, including (but not limited […] Posted by: Mark Flanagan Read more
DFI snaps up £35.6m Leicester student accommodation block Apr 14, 2021 Investor Deutsche Finance International (DFI) has stepped up its drive to acquire purpose-built student accommodation (PBSA) with a £35.6m purchase of a 462-bed development in Leicester. The London-based firm, which manages nearly €3bn in assets, has completed off-market with developers Watkin Jones on behalf of its pan-European Value Add Fund. The deal represents DFI’s second […] Posted by: Mark Flanagan Read more
Planning approval for flexible unit phase of £300m North East business park Apr 13, 2021 The next phase of Citrus Durham’s 3million sqft business park development just off the A1(M) in the North East has been approved by planners. The £300m Integra 61 mixed-use development near Durham is now set to be bolstered by 23 flexible units which are being delivered on a speculative basis. Amazon has already agreed to […] Posted by: Mark Flanagan Read more
The council turning care home provider again after 50-year gap Apr 13, 2021 Central Bedfordshire Council (CBC) today released details of its scheme to build its first care home in nearly 50 years. The 63-bed facility will sit on the site of the recently-demolished Magistrates Court and Police Centre in Leighton Buzzard and is due for completion by the end of next summer. The proposal, designed by Concertus […] Posted by: Mark Flanagan Read more
Scottish Power collaborates on Glasgow-based green hydrogen production hub Apr 13, 2021 Scottish Power has outlined its vision for a major green hydrogen production hub on the outskirts of Glasgow, which will include the UK’s largest electrolyser. The energy company has submitted a planning application for the 20MW low carbon fuel-producing unit plus a combined solar (40MW) and battery energy storage scheme (50MW) to help power the […] Posted by: Mark Flanagan Read more
Barings commits £250m to financing commercial property deals Apr 13, 2021 Long-term investors Barings is committing £250m for commercial property loans deals in partnership with pensions and life insurance specialist The Phoenix Group. The agreement will see the two firms build a portfolio of investment grade buy-and-hold UK commercial mortgage loan assets across a range of sectors – industrial, residential and offices – diversified across Greater […] Posted by: Mark Flanagan Read more
