ESR Europe Closes £153m Loan for London’s Corus Hyde Park Hotel Jul 5, 2024 ESR Europe, the European platform of ESR Group, has arranged a £152.5m commercial real estate loan secured against the in London. The loan provides funding to the MUI Group to refinance existing loans and finance a comprehensive refurbishment of the property. The hotel is located on the north side of Hyde Park, near Lancaster Gate, […] Posted by: David Gilbank Read more
Development Opportunities on the Horizon in Flintshire? Jul 5, 2024 Development opportunities could be on the horizon in Flintshire as the county council invites residents to participate in early-stage public consultations, signalling development opportunities for four town centres: Connah’s Quay, Flint, Mold, and Queensferry. The local authority is encouraging residents to contribute to the creation of seven ‘Place Making Plans’ for town centres across Flintshire […] Posted by: David Gilbank Read more
JV to Build £53m Residential Towers in Sheffield Jul 5, 2024 Torsion Group has partnered with Housing Growth Partnership (HGP) to develop a £53m residential project at Hollis Croft, Sheffield. The development will include 234 Build to Rent (BTR) apartments in blocks ranging from seven to 17 floors. Torsion Construction will serve as the main contractor, with the project set for completion in mid-2026. The scheme […] Posted by: David Gilbank Read more
Northern Group Acquires 19 Spring Gardens in Manchester City Centre Jul 4, 2024 Northern Group has expanded its commercial portfolio by acquiring the 37,000 sq ft office building at 19 Spring Gardens, Manchester. The deal was completed for an undisclosed amount, though Land Registry records show that BNP Paribas purchased the building for £13 million in 2015. CBRE acted as the agent for Northern Group, with OBI and […] Posted by: Mya Driver Read more
Great Portland Estates Reports Robust Leasing Activity and Strategic Acquisitions Jul 4, 2024 Great Portland Estates plc (GPE) has released a trading update for the quarter ending 30 June 2024, showcasing continued robust leasing demand and strategic growth initiatives. Despite a nearly full portfolio, GPE signed new leasing deals worth £4.3 million during the quarter, exceeding the valuer’s Estimated Rental Value (ERV) by 7.7%. This performance supports the […] Posted by: Mya Driver Read more
Plans Unveiled for 576 Apartments Near Reading Station Jul 4, 2024 Developers Peveril Securities and Sladen Estates have revealed plans to replace three office buildings in Reading town centre with a new development of 576 apartments. The site, currently home to Napier Court offices near the station and town centre, will be transformed into an 11-storey residential complex. This project aims to provide a mix of […] Posted by: Mya Driver Read more
Surrey County Council Announces Tender Opportunity for Phase 2 Extra Care Housing Jul 4, 2024 Surrey County Council has announced a tender opportunity for the second phase of its extra care housing initiative, which will be delivered under a design, build, finance, and operate (DBFO) contract. This phase follows the successful outcomes of the Pond Meadow (Phase 1a) and Phase 1b Extra Care Housing tenders, in line with the Council’s […] Posted by: Mya Driver Read more
NewRiver REIT plc acquires Ellandi Management Limited Jul 4, 2024 NewRiver is pleased to announce the acquisition of Ellandi Management Limited (‘Ellandi’), an asset and development management business focused on UK retail and regeneration. This acquisition provides NewRiver’s existing Capital Partnership business with additional scale and diversification, as well as introducing complementary experience of managing destination shopping centres and regeneration projects, and is consistent with […] Posted by: Mya Driver Read more
Trafalgar Group Acquires Northshore Shipyard in Chichester Jul 3, 2024 The Trafalgar Group has announced the acquisition of Northshore Shipyard in Itchenor, Chichester Harbour. This 4-acre site includes boatyards, lifting facilities, commercial space, and office areas, alongside a deep-water pontoon, two slipways, a café, and commercial buildings totalling 60,000 square feet. Jonny Boys, Managing Director of The Trafalgar Group, said, “We are delighted to officially […] Posted by: Mya Driver Read more
Impact Healthcare Sells Five Care Homes for £8.8 Million Jul 3, 2024 Impact Healthcare has announced the sale of five care homes for £8.8 million as part of its active portfolio management strategy. These homes were initially acquired as part of the company’s IPO seed portfolio in May 2017. The properties sold include three care homes in East Yorkshire: Ashgrove Care Home in Cleethorpes, Emmanuel House in […] Posted by: Mya Driver Read more
