Planning Approval Granted for Major 485-Home Co-Living Development in Woolwich Nov 14, 2024 Planning approval has been granted for a transformative mixed-use development in Woolwich, southeast London, bringing 485 co-living rooms, 20 social rent flats, and an array of community spaces to the area. Approved by Greenwich Council, the project will be located on a 1.11-hectare site bordered by Wellington Street, Polytechnic Street, and Thomas Street, providing a […] Posted by: Deividas Krupstas Read more
Great Portland Estates plc Announces Half-Year Results Nov 14, 2024 Great Portland Estates plc (GPE) today announced its results for the six months ended 30 September 2024, reporting a period of significant strategic progress and continued resilience amidst challenging market conditions. The company has leveraged its robust financial position to embark on a series of acquisitions, enhanced leasing results, and strengthened its development pipeline, all […] Posted by: Deividas Krupstas Read more
Over 80 new council homes set for Haringey Nov 13, 2024 Residents in Haringey are set to benefit from 86 new affordable council homes as the council moves another step closer to delivering their ambitious house-building programme. Plans have been approved at a cabinet meeting on Tuesday (November 12) to acquire the vital new accommodation as part of the redevelopment of the Mecca Bingo site on […] Posted by: Deividas Krupstas Read more
Great Portland Estates acquires £59m West End asset for refurbishment scheme Nov 11, 2024 Great Portland Estates plc (GPE) is delighted to announce the acquisition of the special purpose company holding the long leasehold interest of Whittington House, WC1 for a total consideration of £58.5 million (£785 per sq ft on current NIA), subject to further balance sheet adjustment post completion. The building is currently let on a short-term […] Posted by: Deividas Krupstas Read more
GPE signs new £150 million ESG-linked Revolving Credit Facility Nov 11, 2024 Great Portland Estates plc (GPE) announces that it has signed a new £150 million ESG-linked unsecured revolving credit facility (RCF) at a headline margin of 90 basis points over SONIA. The facility has an initial three-year term which may be extended to a maximum of five years at GPE’s request, subject to bank consent. Alongside […] Posted by: Deividas Krupstas Read more
Workspace announces sale of mixed-use redevelopment at Raynes Park Nov 8, 2024 Workspace Group PLC (‘Workspace’), London’s leading provider of sustainable, flexible workspace, is pleased to announce it has exchanged on the sale of Rainbow Industrial Estate, a redevelopment site in Raynes Park. Workspace secured planning consent for a mixed-use redevelopment of the site comprising 224 residential units and 37,000 sq. ft. of new light industrial space. The site […] Posted by: Deividas Krupstas Read more
Barking Riverside secures government backing for more homes Nov 7, 2024 Homes England approves £124 million funding package for vital infrastructure to support 20,000 home development in east London. The Government’s housing and regeneration agency, Homes England, has approved a £124 million funding package to unlock more homes and deliver new state-of-the-art infrastructure at Barking Riverside in east London. Barking Riverside, a 443-acre brownfield site formerly […] Posted by: Deividas Krupstas Read more
India’s Oberoi Hotel to open first UK hotel in London Nov 7, 2024 Grosvenor and EIH London Investments Ltd have today announced that South Molton, in London’s prestigious Mayfair, will be home to the Indian luxury hospitality group’s first Oberoi Hotel in the UK. Located on a prominent corner at 40-46 Brook Street, the hotel is poised to become Mayfair’s premier luxury boutique hotel, showcasing Oberoi’s iconic design, […] Posted by: Deividas Krupstas Read more
LNT Care Developments acquires 5.1-acre site for care home development Nov 7, 2024 Lochinvar Care Limited has sold Sewardstone House and Chapelfield Nursery, a 5.1-acre freehold site located in Chingford, north east London, to LNT Care Developments. The site benefits from planning permission for a state-of-the-art 66-bedroom care home spanning 2 storeys. The proposed care home will be the first to be built within the catchment area in […] Posted by: Deividas Krupstas Read more
£1bn low carbon heating infrastructure project unveiled in Westminster Nov 6, 2024 Iconic London buildings in the heart of the capital to be heated by new low carbon heat network, expected to create 500 jobs and save 75,000 tonnes of CO2 every year. Just days after the UK Government revealed an Autumn Budget that included significant infrastructure investment plans, a new £1bn low-carbon infrastructure project has been […] Posted by: Deividas Krupstas Read more
