UK Banks Invest £100 Million in Ardersier Port Renewable Project May 13, 2024 Ardersier Port, situated near Inverness, has successfully secured a £100 million investment from two state-owned banks to aid its development into a vital renewable energy hub. The Scottish National Investment Bank and the UK Infrastructure Bank have each contributed £50 million to Haventus, the company overseeing the port, which is also benefiting from green tax […] Posted by: David Gilbank Read more
Unite Disposes Of Six Properties For £184 Million May 13, 2024 Unite Students, the UK’s leading owner, manager and developer of student accommodation, today announces the sale of six properties to PGIM Real Estate for £184 million. The properties, comprising 2,948 beds, are located in Birmingham, Cardiff, Leicester, Liverpool, Nottingham and Sheffield and have an average age of 18 years (Unite average: 13 years). 31% of […] Posted by: David Gilbank Read more
Levelling Up Partnerships rolled out in Scotland for first time May 10, 2024 Dundee has been chosen as the first area in Scotland to benefit from a major tailored regeneration programme designed to support communities across the UK. The city will receive a £20 million Levelling Up Partnership from the UK Government designed to root out inequalities by attracting investment and increasing opportunities for local people, including by […] Posted by: David Gilbank Read more
Buckinghamshire Council Advances Regeneration of Aylesbury with New Developments May 10, 2024 Buckinghamshire Council has taken further steps in the regeneration of Aylesbury, detailing progress in the development of two central sites aimed at enhancing the town’s public spaces and housing. The council’s commitment of £5 million towards revitalising the town centre includes transforming the site of a former bingo hall, which has remained vacant for years. […] Posted by: David Gilbank Read more
VTTI Acquires 50% Stake in Dragon LNG Terminal in Wales May 10, 2024 VTTI, a Dutch energy infrastructure firm, has finalised a deal to acquire a 50% ownership in Dragon LNG Group (Dragon LNG) from Ancala, an infrastructure asset manager. The financial details of the transaction have not been disclosed. This acquisition positions VTTI as a co-owner of a crucial LNG import terminal in the UK, which fulfils […] Posted by: David Gilbank Read more
Australian Retirement Trust Establishes First International Office in London May 10, 2024 Australian Retirement Trust (ART), one of Australia’s foremost superannuation funds, has inaugurated its first overseas office in London, aiming to enhance its presence in international investment markets. Holding over 40% of its assets outside Australia and with investments exceeding A$25 billion in the UK and Europe, the move is a strategic extension of the A$280 […] Posted by: David Gilbank Read more
Home REIT Auctions Off 76 Properties for £14.6 Million May 10, 2024 Home REIT has completed the sale of 76 properties at a public auction realising a total of £14.6 million in gross proceeds. This sale at the auction, which took place yesterday, was reported to have yielded 12.4% less than the properties’ draft values from August 2023, as noted by the trust in a stock exchange […] Posted by: David Gilbank Read more
North Yorkshire Pension Fund Invests £200m in Green Ventures May 9, 2024 North Yorkshire Council Pension Fund has committed nearly £200 million to environmentally sustainable investments as part of its ongoing strategy to focus on green initiatives. The investment into the Border to Coast Pensions Partnership Climate Opportunities Fund is a significant step in diversifying the fund’s portfolio towards clean energy, infrastructure, new technologies, and carbon capture. […] Posted by: David Gilbank Read more
Prime Box and Cedar Invest Set to Revamp Hampshire Warehouse May 9, 2024 Prime Box, in collaboration with Cedar Invest, has acquired Denmark House in Petersfield, Hampshire, paving the way for significant redevelopment. The London-based companies completed the purchase from Vestey Holdings, marking an important step in their expansion strategy. Denmark House, located strategically on Bedford Road close to the A3, spans approximately 112,000 sq ft. The redevelopment […] Posted by: David Gilbank Read more
Panattoni Expands Sittingbourne Development with Additional 10 Acres May 9, 2024 Panattoni, the logistics property developer, has recently acquired an extra 10 acres of land in Swale, Kent, escalating its total investment in the region to £170 million. This new acquisition is part of an ambitious plan to establish a 36-acre logistics park in Sittingbourne, aiming for net zero carbon emissions. The initial phase of construction […] Posted by: David Gilbank Read more
