Far East Orchard Launches £100 Million Fund for UK Student Accommodation Development Aug 23, 2024 Far East Orchard has launched its first private fund in Singapore, the FE UK Student Accommodation Development Fund, which aims to invest in purpose-built student accommodation (PBSA) across Britain. The fund achieved an initial closing of £70 million on 22 August and targets a total commitment of £100 million. The fund’s first project is a […] Posted by: David Gilbank Read more
Highland Council Approves Development Programme to Drive Regional Growth Aug 23, 2024 The Highland Council’s Economy and Infrastructure Committee has approved the Local Development Plan Delivery Programme (IMFLDP2), which will guide the timing and location of development across the region. This programme will serve as a key tool for coordinating investment in Highland, ensuring that necessary infrastructure such as schools and transport is in place to support […] Posted by: David Gilbank Read more
£1.5M Grant Boosts Restoration of Blackburn’s Historic Exchange Building Aug 23, 2024 Blackburn’s grade two-listed Exchange building is set for a major transformation, thanks to a £1.5 million grant from Blackburn with Darwen Council. The funding will kickstart the first phase of a £9 million redevelopment project led by the charity Re:Source. Originally built in 1865, the Exchange has a storied history, having served as a cotton […] Posted by: David Gilbank Read more
Hargreaves Land Acquires York-Based Ptarmigan to Boost Northern Expansion Aug 22, 2024 Hargreaves Land, the development arm of County Durham’s Hargreaves Services, has acquired Ptarmigan Land’s York office, incorporating its team into Hargreaves’ central regional office in Leeds. This move is expected to strengthen Hargreaves’ strategic land portfolio across northern England. Hargreaves Land, which oversees more than 11,000 acres of future development land predominantly in northern England […] Posted by: David Gilbank Read more
Frasers Group Poised to Acquire Fremlin Walk Shopping Centre in Maidstone Aug 22, 2024 Frasers Group, owned by Mike Ashley, is preparing to expand its retail portfolio with the acquisition of Fremlin Walk, a prominent outdoor shopping centre in Maidstone. The purchase is being made from M&G Real Estate, furthering Frasers’ active involvement in the UK’s retail property market. Fremlin Walk, which spans 350,000 square feet and opened in […] Posted by: David Gilbank Read more
Paloma Capital Expands Industrial Space at Rebranded York North Business Park Aug 22, 2024 Paloma Capital has secured planning permission to develop four new industrial and warehouse units, totalling 34,400 square feet, at its rebranded business park, York North, located on the outskirts of York. The site, formerly known as Green Park Business Centre, offers design and build opportunities for units ranging from 4,000 to 15,400 square feet. Acquired […] Posted by: David Gilbank Read more
McDonald’s to Invest £1 Billion in UK Expansion Aug 22, 2024 McDonald’s has announced a £1 billion investment to open over 200 new restaurants across the UK and Ireland in the next four years, creating more than 24,000 new jobs. This expansion is part of the company’s strategy to continue growing its presence and supporting local communities. The investment, highlighted in the “McDonald’s at 50” report […] Posted by: David Gilbank Read more
Phase Two of Tustin Estate Redevelopment Submitted for Approval Aug 22, 2024 Planning permission has been submitted for the second phase of the Tustin Estate redevelopment in south-east London. This phase is part of a broader plan to revitalise the area, including the construction of 295 new homes, of which 151 will be affordable, and 144 will be private tenure. The redevelopment is designed to meet the […] Posted by: David Gilbank Read more
Octane Capital Completes £8.5 Million Developer Exit Aug 21, 2024 Octane Capital has completed an £8.5 million developer exit facility, finalising the deal within 20 days of receiving the application. This move has provided crucial refinancing for a nationwide developer, allowing them to manage the remaining 30 units across two new-build sites located in Pershore and Ely. The transaction was structured across two cross-charged loans, […] Posted by: Mya Driver Read more
OakNorth Provides £6 Million Loan for Logistics and Wellness Development in West Sussex Aug 21, 2024 Digital bank OakNorth has provided a £6 million loan to Gatehouse Hub to support the development of 19 industrial logistics units and a wellness centre on the outskirts of Burgess Hill, West Sussex. The project aims to enhance the local economy and meet growing demand for quality commercial spaces in the South East region. The […] Posted by: Mya Driver Read more
