In-demand Supermarket REIT bolsters reserves by £150m Mar 19, 2021 Supermarket REIT confirmed today it has raised £150m via its latest share issue to maintain its policy of aggressively buying up supermarkets that also act as warehouses for online services. The real estate investment trust had originally hoped to raise £100m but such was the demand the board authorised the 50% increase. The funds will […] Posted by: Mark Flanagan Read more
Passengers at the ready… £162m Northumberland rail line framework ready to depart Mar 19, 2021 Northumberland County Council (NCC) this week launched a £162m framework for the proposed works required to bring the 18-mile Northumberland line, between Ashington and Newcastle, back into service for passengers. The four-year agreement involves the construction of six stations, three footbridges and car parks at the following locations: Ashington, Bedlington, Blyth Bebside, Newsham, Seaton Deleval, […] Posted by: Mark Flanagan Read more
Tellon Capital hopes Southampton redevelopment will be worth the wait Mar 18, 2021 A revised major redevelopment, on historically sensitive land near the centre of Southampton, was finally okayed by planners last night. Tellon Capital’s Barfield Quarter scheme involved the demolition of a shopping centre five years ago and an archaeological dig around the city’s Old Town Walls which will be completed this year. Tellon’s initial idea to […] Posted by: Mark Flanagan Read more
Manchester’s super development moves forward as Victoria North Mar 18, 2021 ‘Victoria North’ is to become the new identity for Manchester’s largest ever residential regeneration project – a £4bn scheme which affects seven neighbourhoods in the north of the city. A joint venture between Far East Consortium (FEC) and Manchester City Council is behind the plans – previously known as the Northern Gateway – to deliver […] Posted by: Mark Flanagan Read more
AEW launches European life sciences strategy in Copenhagen Mar 18, 2021 International Investment specialists AEW has made its first acquisition in the European life science sector on behalf of its recently-launched, open-ended EUROCORE fund. The 32,755sqm, fully-let Sydmarken life sciences campus in Copenhagen will be the first of many. EUROCORE’s initial funding round closed on €415m of equity commitments and it aims to target a future-proof, […] Posted by: Mark Flanagan Read more
BP to build 1GW hydrogen production plant on Teesside Mar 18, 2021 BP today unveiled its plans to create what it believes would be the UK’s largest “blue” hydrogen production facility in the Tees Valley. A feasibility study is currently taking place into H2Teesside, which is due to begin production in 2027 and is targeting 1GW of hydrogen production by 2030. It would be integrated with the […] Posted by: Mark Flanagan Read more
‘The time is right for something different’ Mar 18, 2021 UKREiiF Advisory Group chair Lord Kerslake has held a variety of roles within the built environment industry during the last two decades, including Chair of housing association Peabody and Be First (the growth and regeneration agency for Barking and Dagenham). Here he outlines why the time is right for UKREiiF I’ve been involved in development […] Posted by: Mark Flanagan Read more
First look at what ambitious Cambridge transport revolution might look like Mar 18, 2021 Three conceptual designs which could help shape and transform how the £2bn Cambridgeshire Autonomous Metro (CAM) project is delivered have been revealed. The three consortiums of leading experts selected for the process have put forward three very different designs for an in-the-round solution to CAM’s delivery. This includes the vehicle, the infrastructure, and how the […] Posted by: Mark Flanagan Read more
Embracing the best aspects of attending online and in-person Mar 17, 2021 UKREiiF will embrace interactivity at its three-day networking, exhibition and conferencing event in Leeds next year (May 17-19). While the Coronavirus pandemic forced events online, a raft of innovations, to help negate its effects, have created a different but highly effective user experience and the best of these will be utilised by the organisers of […] Posted by: Mark Flanagan Read more
Infrastructure deals struck on Enfield Council’s £6bn mega development Mar 17, 2021 Enfield Council this week appointed the first contractors to deliver infrastructure works for its flagship £6bn expansion project. A Framework Agreement has been reached with with Vinci Taylor Woodrow, BamNuttall and VolkerFitzpatrick to build the roads, bridges, cycle lanes and parkland, as well as the water, gas and communications networks required to deliver the flagship […] Posted by: Mark Flanagan Read more
