Chancerygate submits plans for £32m Jun 7, 2023 Developer Chancerygate has submitted plans to speculatively build 82,400 sq ft of Grade A urban logistics and warehousing space in Leatherhead. Called Victory Park, the proposed scheme will comprise 13 leasehold units ranging from 3,000 to 19,000 sq ft. The projected gross development value is around £32m. The 4.6-acre site, which was formerly office and […] Posted by: Mya Driver Read more
City of London launches public engagement to determine Square Mile’s future Jun 6, 2023 The City of London Corporation has this week launched a public engagement phase on its main planning and transport development plans for the Square Mile. Known as ‘City Plan 2040’ and the ‘Transport Strategy’ the proposals, subject to approval, will provide an overarching framework for future development in the Square Mile up to 2040, setting […] Posted by: Mya Driver Read more
Weston Homes exchange on Town Quay Wharf, Barking, in affordable homes partnership with Be First London Jun 6, 2023 Award winning housebuilder Weston Homes has exchanged on a new site in Barking, Town Quay Wharf, in partnership with Be First London, working on behalf of Barking and Dagenham Council The site will be transformed into a £50 million (GDV) mixed-use development providing 147 newly built apartments and 1,000 sqm of commercial space with 42% […] Posted by: Mya Driver Read more
Council in strong position to deliver for residents after capital injection following sale of council-owned company Jun 1, 2023 Merton Council has today (May 31) published details of an £186 million capital injection in its annual accounts following the January 2023 sale of CHAS 2013 Ltd, a wholly-owned subsidiary of the authority. This puts the council in a strong position to deliver on its ambitions to build a better Merton, that everyone can take pride […] Posted by: Mya Driver Read more
London’s empty homes could be worth £20bn May 31, 2023 The Mayor of London, Sadiq Khan, and Westminster City Council are today calling for stronger powers to crack down on empty homes, as shocking new analysis by City Hall reveals an estimated £20bn worth of property is sitting vacant across the capital. The Mayor is calling it a scandal that there are an estimated 30,000 […] Posted by: Mya Driver Read more
The GPA moves forward to complete new hub in Croydon May 30, 2023 The Government Property Agency (GPA) has achieved Practical Completion at its new Government Hub in Croydon, 2 Ruskin Square. The building will accommodate over 5,000 civil servants and enable the Home Office to migrate from three current locations in Croydon to the building in the summer 2024. Following the completion of Cat A construction, funded […] Posted by: Mya Driver Read more
Harlow is set to get a “fully-funded” new hospital with construction to start in 2025 May 26, 2023 After a decade of lobbying from Robert Halfon MP and a pledge at the last General Election, the Government has today confirmed Harlow’s new hospital will be built, with construction starting in 2025. The new high-tech health campus, backed by hundreds of millions of Government investment, will be constructed using the latest technologies to ensure […] Posted by: Mya Driver Read more
UKCM agrees £74 million sale of Wembley logistics asset May 26, 2023 UK Commercial Property REIT Limited (“UKCM” or the “Company”) (FTSE 250, LSE: UKCM), announces that it has sold its 186,455 sq ft Wembley180 logistics asset in London to Covent Garden IP Limited (“CG”), a registered charitable company. UKCM will receive a consideration of £74 million, which reflects a net initial yield of 3.49% and is broadly in […] Posted by: Mya Driver Read more
Life sciences real estate investment within the ‘Golden Triangle’ totals £496m in Q1 2023 May 2, 2023 Investment into commercial real estate for the UK’s life sciences sector in the Golden Triangle, the area spanning London, Cambridge and Oxford and the UK’s leading market for life sciences and innovation, totalled over £496m in Q1 2023, according to leading global property adviser Knight Frank. This figure represents the highest first quarter investment total […] Posted by: Mya Driver Read more
Apollo strengthens presence in Europe with new, expanded London office Apr 17, 2023 Apollo (NYSE: APO) today announced the opening of a new office in London, United Kingdom, strengthening its presence in Europe and building on the firm’s successful track record in the region. The transition to a single, modern space in London reflects Apollo’s desire to offer a best-in-class workplace for its teams and expand its offering […] Posted by: Mya Driver Read more
