Multi-million pound battery storage site planned for Teesworks Jul 1, 2024 Teesworks Ltd has reached an agreement with battery storage specialist Energy Optimisation Solutions build a Battery Energy Storage System (BESS) on a three-acre plot at the Long Acres section of the 2,500 acre Teesworks site. The £62m facility will enable up to 100 Megawatts (MW) of additional green energy to be plugged into the grid. […] Posted by: David Gilbank Read more
Orchard Street’s Impact Fund acquires South East London last-mile industrial estate for c. £21 million Jul 1, 2024 – Asset to be transformed in line with stringent Impact Fund objectives, targeting an accelerated route to net zero carbon alongside location specific social needs– Orchard Street Investment Management has completed a further acquisition on behalf of its £400 million Impact Fund. The Orchard Street Social and Environmental Impact Partnership has acquired an ultra-urban, highly […] Posted by: David Gilbank Read more
Westbrook Partners Refinances 60 Charlotte Street Jul 1, 2024 Westbrook Partners has renewed its lending partnership to refinance the 60 Charlotte Street office building in Fitzrovia, London. The financing involves a Japanese lender, reinforcing the building’s status as a top-tier office space. The refurbishment, completed in 2021, modernised the property into multi-let Grade A offices, luxury serviced apartments, and a restaurant unit. This move […] Posted by: David Gilbank Read more
Greystar’s Student Roost Snaps Up Properties in Manchester and Birmingham Jul 1, 2024 Student Roost, owned by Greystar, has purchased a 1,000-bed purpose-built student accommodation (PBSA) scheme in Manchester from Whitbread. This acquisition marks the company’s first development in the city. Whitbread sold the Medlock Street site, previously earmarked for a 37-storey tower, to Student Roost. The site had planning consent for a 1,014-bed PBSA and a 13-storey […] Posted by: David Gilbank Read more
Assetz Capital Completes £5m Refinancing for Glasgow ibis Styles Hotel Jun 28, 2024 Assetz Capital has finalised a £5 million commercial mortgage to refinance the ibis Styles hotel in Glasgow. David Hehir, the relationship director at Assetz Capital, commented, “I was delighted to be able to support the re-finance of the ibis Styles Glasgow Central Hotel with a £5m debt package.” Hehir added, “We worked closely with Maven […] Posted by: David Gilbank Read more
Greater Manchester Land Available for Development Jun 28, 2024 A large site on Bury New Road in Manchester is now on the market. Previously granted planning permission for a hotel, car showroom, and storage warehouse, the plot also holds potential for residential development, according to agent Hindley Lawrence. Located just south of the Fairy Lane and Bury New Road junction, the freehold property at […] Posted by: David Gilbank Read more
Planning approved for Key Gateway Site at Manchester Waters Jun 28, 2024 Manchester City Council have approved plans submitted by Forshaw Land & Property Group to transform a vacant brownfield site at Cornbrook into a high-quality, mixed-use residential and commercial scheme. The collaboration between the Bolton based developer and waterside regeneration specialists Peel Waters will see the 1-acre plot which sits adjacent to VOX Manchester and the […] Posted by: David Gilbank Read more
Hilco Provides £13m Loan to Support Craftworks Development Jun 28, 2024 Specialist bridge lender Hilco Real Estate Finance has issued a £13m development exit loan to Craftworks, facilitating the completion of 24 luxury apartments in Denmark Hill, London. The development is noted for its visually appealing exterior and high sustainability standards. Sean Adams, managing director of HREF, remarked, “Having supported a number of development exits over […] Posted by: David Gilbank Read more
Belfast Harbour’s £60m City Quays 5 Project Approved Jun 28, 2024 Belfast Harbour has received planning permission to proceed with the construction of a nine-storey building, the latest addition to its City Quays project. The development, which will primarily consist of office space, will feature hospitality facilities on the top floor and retail units on the ground floor. This marks the fourth phase of the City […] Posted by: David Gilbank Read more
Regional REIT Initiates £110.5m Capital Raising Jun 27, 2024 Regional REIT has announced a £110.5 million capital raising initiative through a placing fully underwritten by Bridgemere Investments, part of the Bridgemere group established by Steve Morgan CBE. The raising involves issuing 1,105,149,821 new ordinary shares at 10 pence per share. This capital raising will allow Regional REIT to repay its £50 million Retail Bond, […] Posted by: David Gilbank Read more
