Golding and Octopus complete transfer of 180 homes outside Mid Kent May 31, 2024 Golding Homes has finalised the transfer of 180 affordable homes to NewArch Homes, a registered provider of social housing owned by a fund managed by Octopus Real Estate, a leading UK specialist real estate investor and lender. Located in Bexley, Dartford, Sevenoaks, and Wealden, the mix of 111 affordable rent, 68 shared ownership and 1 leasehold houses […] Posted by: Mya Driver Read more
Plans Submitted for £75m Residential Development in Manchester May 30, 2024 JRL Group, in partnership with Central and Urban, has submitted plans for a £75 million residential scheme near Piccadilly station in Manchester. Designed by SimpsonHaugh, the 28-storey development will feature 359 build-to-rent apartments and townhouses, offering one, two, and three-bedroom units on the corner of Sparkle Street and Store Street. CBRE’s viability appraisal confirms the […] Posted by: Mya Driver Read more
Redrow Seeks Approval for 627 New Homes in Ellesmere Port May 30, 2024 Cheshire West and Chester Council’s planning committee will review the next phases of Redrow Homes’ Ledsham Garden Village project in Little Sutton next week. In 2015, Redrow Homes received outline consent to develop the 260-acre site off Ledsham Road in Ellesmere Port, which includes a local shop and a primary school. The latest plans cover […] Posted by: Mya Driver Read more
Sheen Lane Developments and Signal Capital Partners Announce Residential Conversion Venture May 30, 2024 Sheen Lane Developments Ltd has entered into a joint venture with Signal Capital Partners to develop a residential portfolio, primarily focusing on converting redundant commercial properties into residential units. Andrew Cooper, Director at Sheen Lane Developments, expressed his enthusiasm for the partnership, stating, “These are exciting times for the company and the culmination of a […] Posted by: Mya Driver Read more
Special Opportunities REIT Targets £500 Million in IPO May 30, 2024 The Special Opportunities REIT aims to raise £500 million in what will be the first investment trust IPO of the year. The trust, focusing on “high-quality properties” sold by “distressed and/or highly motivated sellers,” will close applications for its IPO on 11 June, with plans to list on the London Stock Exchange six days later. […] Posted by: Mya Driver Read more
Greensafe New Droitwich Warehouse Acquisition May 30, 2024 Kidderminster-based Greensafe IT Ltd has acquired a 60,000 sq ft industrial and warehousing unit on the Berry Hill Industrial Estate in Droitwich. This move is expected to create additional jobs, enhancing the company’s growth trajectory. Established in 2012, Greensafe IT Ltd now employs around 180 people. Chairman John Sansom highlighted the importance of the new […] Posted by: Mya Driver Read more
LondonMetric sells £31 million of retails assets and acquires £45 million of urban warehouses May 30, 2024 LondonMetric Property Plc (“LondonMetric” or “Company”) announces that it has sold seven properties in separate transactions for £31.3 million, reflecting a blended NIY of 7.0% and a 3% profit over prevailing book values. They include £18.3 million of non-core LXi REIT assets, which have been sold at 5% ahead of prevailing book values. The sales […] Posted by: Mya Driver Read more
Levelling Up Fund Allocates £60 Million to Regeneration Projects May 29, 2024 The Department for Levelling Up, Housing and Communities has announced the allocation of approximately £60 million to various areas as part of the Levelling Up Partnership funding. The investment will target regeneration projects across Boston, Stoke-on-Trent, Wakefield, the Scottish Borders, and Tendring, supporting a wide range of initiatives from culture and the arts to transport […] Posted by: Mya Driver Read more
GMI and Miller Developments Form Joint Venture for New Projects in Northern England May 29, 2024 GMI Developments Limited and Miller Developments have announced the formation of a new joint venture, GMI Miller Limited, aimed at delivering various development schemes across northern England. The partnership has already acquired its first site, an 80-acre location in Scholes, Leeds, designated for up to 600 new homes. Additionally, the venture is nearing terms on […] Posted by: Mya Driver Read more
Fuller’s Sells 37 Pubs to Admiral Taverns for £18.3 Million May 29, 2024 Fuller, Smith & Turner has announced the sale of 37 pubs from its tenanted and managed inns division to Admiral Taverns for £18.3 million. This deal, at a premium of £1.6 million to the gross asset value, was revealed to investors on Wednesday. The west London-based brewer and pub group stated that this disposal would […] Posted by: Mya Driver Read more
