Bruntwood SciTech Eyes Manchester’s Pinnacle Building Acquisition Jul 12, 2024 Bruntwood SciTech is in advanced discussions to acquire The Pinnacle, a 27,000 sq ft Grade A office building located on King Street in Manchester city centre. The property, currently owned by ReAssure, a branch of Legal & General Investment Management, offers premium office space across 11 floors, including fully fitted areas with 30 desks, breakout […] Posted by: Mya Driver Read more
Drum Property Group Set to Revive £94m Manchester Residential Project Jul 12, 2024 Scottish developer Drum Property Group is poised to acquire the Gallery Gardens project in Manchester’s Castlefield district, a £94m development initially proposed by DeTrafford. The project, which includes 366 flats, entered administration in early 2023 without construction commencing. Drum Property Group, based in Aberdeen, has emerged as the leading contender to take over the site […] Posted by: Mya Driver Read more
Liverpool City Council Seeks Feedback on 12,000-Home Housing Strategy Jul 11, 2024 Liverpool City Council has launched a consultation on a new housing strategy aimed at delivering 12,000 homes over the next six years. This plan seeks to provide 2,000 homes annually and increase affordable housing availability across the city. The strategy, anticipated to trigger a £1bn housebuilding surge, includes a key goal of doubling the proportion […] Posted by: Mya Driver Read more
Maslow Capital Invests £20m in Liverpool’s Baltic Triangle Development Jul 2, 2024 Maslow Capital has committed £20 million to Nexus Residential for the completion of the £35 million Central Park apartments, located on the edge of Liverpool city centre, with an expected completion date in late 2025. This marks the third collaboration between Nexus and Maslow, bringing their total funding to £60 million. The Central Park development, […] Posted by: David Gilbank Read more
Britannia Secures £10 Million for Manchester Project May 15, 2024 Britannia has secured £10 million for its development at a former probation centre site in South Manchester. The financing includes a £9.5 million development loan from specialist lender Together and £650,000 from the Greater Manchester Combined Authority’s Brownfield Housing Fund. Initial works have started on the Daisy Bank Road site in Victoria Park, with main […] Posted by: David Gilbank Read more
Investec Supports Manchester Housing with £22 Million Loan to Realstar May 13, 2024 Investec Real Estate disclosed a strategic financial move by providing a three-year, £22 million investment loan to a fund managed by Realstar Group. This loan is secured against UNCLE Manchester, a centrally located multifamily residential scheme in Manchester, underscoring the continuing demand for high-quality housing in the city. UNCLE Manchester features 171 studio and one-bedroom […] Posted by: David Gilbank Read more
B8re Completes Sales Worth £4million For Network Space Investments May 8, 2024 Industrial property specialist B8RE has completed the disposal of two single let assets in the North West on behalf of Network Space Investments (NSI). The two sales sold in excess of £4m, with both achieving ahead of quote after competitive bidding processes. The assets include a 23,012 sq ft detached unit in Skelmersdale on a 3.2-acre […] Posted by: David Gilbank Read more
Greater Manchester to get 10,000 new council homes by 2028 May 7, 2024 NEWLY re-elected Mayor of Greater Manchester, Andy Burnham, has made tackling the housing crisis a top priority for his third term. Today he unveils measures to increase the amount of social housing in the city-region, improve the standard of rented accommodation and end the housing crisis in Greater Manchester by 2038. The Mayor’s announcements include: […] Posted by: David Gilbank Read more
L&G Initiates Sale of Manchester Mixed-Use Property May 3, 2024 Legal & General UK Property Fund has commenced efforts to divest its retail and leisure complex located at 19–31 Piccadilly in Manchester. The asset, which encompasses a Travelodge hotel alongside a diverse array of food and beverage outlets, presents a lucrative investment opportunity for prospective buyers seeking exposure to Manchester’s vibrant commercial landscape. Originally acquired […] Posted by: David Gilbank Read more
Council Implements £65 Million Plan for University Campus Development May 3, 2024 In a move aimed at progressing the development of a new £65 million university campus, a council has initiated a compulsory purchase order to acquire necessary land, paving the way for ambitious construction plans. Blackpool Council has previously granted approval for the demolition of 59 residential properties within the designated area, endorsing an outline proposal […] Posted by: David Gilbank Read more
