Overhaul for 119 RAAC-Affected Schools Across England with New Funding Grants Announced Feb 9, 2024 The Government has announced a comprehensive plan to address the presence of Reinforced Autoclaved Aerated Concrete (RAAC) in the nation’s school buildings, identifying 234 schools for retrofitting or rebuilding efforts due to the discovery of dangerous concrete panels and beams. Approximately 119 schools will undergo major reconstruction or refurbishment, primarily funded through the School Rebuilding […] Posted by: Mya Driver Read more
IHG Expands UK Hotel Portfolio with New Signings Feb 8, 2024 IHG Hotels & Resorts is set to enhance its footprint with the addition of nine new hotels, introducing over 1,000 guest rooms to its diverse collection. This expansion spans five distinct brands within the hospitality giant’s portfolio, including Hotel Indigo, voco hotels, Holiday Inn, Holiday Inn Express, and Staybridge Suites, underscoring IHG’s commitment to growth […] Posted by: Mya Driver Read more
Aldar and Carlyle to Enhance UK Logistics Network with £85 Million Investment in 14 Warehouses Feb 8, 2024 In a strategic move aimed at bolstering the UK logistics sector, Aldar Properties, alongside investment powerhouse Carlyle, has earmarked £85 million for the acquisition and development of 14 key warehouse sites across the UK. This investment highlights the commitment of both firms to the strengthening and expansion of Britain’s logistics infrastructure amidst growing market demands. […] Posted by: Mya Driver Read more
Urbanite Living Announces £130 Million Sale of Nationwide Student Accommodation Portfolio Feb 8, 2024 Urbanite Living has put its extensive portfolio of 999 student flats, valued at £130 million, on the market. This portfolio spans across the UK, featuring properties in key cities such as Leeds, York, Glasgow, and others, underscoring the company’s strategic shift towards reinvesting in new ventures. Over the past five years, Urbanite Living has focused […] Posted by: Mya Driver Read more
SCAPE launches £4bn frameworks to unlock low carbon utilities infrastructure Jan 30, 2024 SCAPE are pleased to launch their new Utilities Works and Services frameworks, designed to empower utility sector organisations to shape their utilities projects and programmes through an accelerated, direct award model. A £3bn framework covers England, Wales and Northern Ireland and a separate dedicated £1bn framework will serve Scotland. Appointments to our new Utilities Works […] Posted by: Mya Driver Read more
Hilco Real Estate Finance Announces £13 Million Loan Deal for Yorkshire Properties Jan 9, 2024 Hilco Real Estate Finance has successfully completed its inaugural loan transaction of 2024, marking a noteworthy development in the company’s lending portfolio. The deal involves a £13 million loan, secured for a duration of two years, against two prominent properties located in Yorkshire. This strategic financial manoeuvre facilitated the refinance of two key assets: a […] Posted by: Mya Driver Read more
Exchange of contracts on the sale to Travelodge of 66 hotels for £210 million Jan 8, 2024 LXi REIT plc, the specialist inflation-protected very long income REIT, is pleased to announce that it has exchanged contracts unconditionally on the sale of 66 Travelodge branded hotels to the Travelodge group for £210 million, which is in line with the latest (30 September 2023) book value. As announced on 22 November 2023, the majority […] Posted by: Mya Driver Read more
£2 billion of UK hotel transactions in 2023 Jan 8, 2024 £2 billion of UK hotel transactions were recorded in 2023, according to global property adviser Knight Frank. Q4 was the strongest quarter of the year for investment into the sector with £615 million of deals, representing 31% of the total annual investment activity. Knight Frank anticipates that this encouraging increase in investor activity at the […] Posted by: Mya Driver Read more
£4.2bn Government Housing Fund Largely Untapped Amid UK Housing Shortage Jan 3, 2024 More than two-thirds of a £4.2bn government fund designed to boost housing development in the UK remains unspent, despite its initiation over six years ago. Launched in 2017, the British government’s Housing Infrastructure Fund aimed to facilitate the creation of 324,000 new homes by providing local authorities with the necessary funding for infrastructure, including transport […] Posted by: Mya Driver Read more
Dalata Hotels to Expand UK Presence with 800 New Rooms. Dec 15, 2023 Dalata Hotel Group, Ireland’s premier hotel operator, has announced plans to augment its portfolio with over 800 new rooms in 2024, emphasizing its growth trajectory in the United Kingdom. Dalata Hotels to Expand UK Presence with 800 New Rooms. The announcement, made in a recent trading update on December 14, indicates Dalata’s strong performance in […] Posted by: Mya Driver Read more
