£28.75m Sale of Student Accommodation in Newcastle Jun 24, 2024 Global property consultancy Knight Frank has facilitated the sale of a purpose-built student accommodation (PBSA) asset in Newcastle for £28.75 million. Located in the vibrant Quayside area, the property comprises 416 beds and offers a mix of en-suite rooms and studios, along with amenities such as a cinema room, laundry facilities, and bicycle storage. “This […] Posted by: Mya Driver Read more
Developer Capital & Centric Eyes Gateshead for Regeneration Jun 24, 2024 Capital & Centric, renowned for revitalising historic buildings, is set to embark on regeneration projects in Gateshead. The Manchester-based developer, known for transforming challenging brownfield sites, has identified Gateshead and the North East as key areas for its expansion. Capital & Centric’s founders, Tim Heatley and Adam Higgins, have built a reputation through their appearances […] Posted by: Mya Driver Read more
Warehouse REIT’s progressing disposal plan with £57.5 million of sales Jun 24, 2024 Warehouse REIT, the multi-let warehouse investor, announces that it has completed on the sale of £57.5 million of single-let assets in three separate transactions. The combined sales price is in line with the 31 March 2024 valuation and represents a net yield on passing rent of 5.8%. This brings total sales since our deleveraging plan […] Posted by: Mya Driver Read more
Caddick Plans 360,000 sq ft Logistics Development in Wigan Jun 21, 2024 Caddick Developments has applied for planning permission to create 360,000 sq ft of logistics space at Ashton Park in Ashton-in-Makerfield, Wigan. The project will extend the existing South Lancashire Industrial Estate and can be built as either one or multiple units. The development aims for a BREEAM Excellent rating, incorporating features such as electric vehicle […] Posted by: Mya Driver Read more
TfL Allocates Additional £30M for 2024-25 Infrastructure Improvements Jun 21, 2024 Transport for London (TfL) has increased its budget for infrastructure improvements by £30 million for the 2024-25 financial year. This funding boost supports ongoing upgrades across the Tube network, Docklands Light Railway (DLR), High Speed 2 (HS2), the East London Line, and London Trams. A report to the Programme and Investment Committee details the additional […] Posted by: Mya Driver Read more
Home REIT Sells 133 Properties for £11.4 Million Jun 21, 2024 Home REIT PLC announced the sale of 133 properties at auction, generating £11.4 million. The sales represent 3.7% of Home REIT’s portfolio and were concluded at 7.8% below the draft valuations from August 2023. To date, Home REIT has sold 774 properties and exchanged contracts on an additional 205. Proceeds from these sales will be […] Posted by: Mya Driver Read more
Pendle Council Acquires Nelson Shopping Centre for Redevelopment Jun 21, 2024 Pendle Council has acquired the 100,000 sq ft Pendle Rise shopping centre in Nelson after a two-year negotiation process. The acquisition allows the council to proceed with plans to demolish the current structure and develop a 55,000 sq ft mixed-use complex, which will include nine commercial units and a supermarket as the anchor tenant. The […] Posted by: Mya Driver Read more
Aegon Enhances £12bn Pension Fund with Focus on UK Infrastructure and ESG Jun 21, 2024 Aegon has announced enhancements to its largest workplace pension default fund, integrating environmental, social, and governance (ESG) factors and new private market investments. The £12 billion universal balanced collection fund, benefiting 700,000 members, will see these improvements starting from the third quarter of this year. The fund, part of Aegon’s ‘Retirement Choices,’ ‘One Retirement,’ and […] Posted by: Mya Driver Read more
Puma Property Finance Issues £11m Loan for Dundee Student Accommodation Project Jun 20, 2024 Puma Property Finance has provided an £11 million loan for the second phase of a purpose-built student accommodation (PBSA) project in Dundee. This loan will add 98 beds to the existing 152-bed capacity of the development. The loan has been granted to Glenmore Group, marking their fourth transaction with Puma. The first phase of the […] Posted by: Mya Driver Read more
MS Lending Group Expands Funding for Real Estate Projects with £40m Boost Jun 20, 2024 MS Lending Group (MSLG) has secured an additional £40 million funding line from Pollen Street Capital, increasing their total funding to £90 million. This extension follows a previous £20 million funding boost three months ago, reinforcing MSLG’s capacity to support property developers and investors. Michael Stratton, CEO and founder of MSLG, commented, “The further funds […] Posted by: Mya Driver Read more
