Macquarie Asset Management agrees to acquire majority stake in Southern Water Aug 11, 2023 Macquarie Asset Management has today announced it has reached an agreement to acquire a majority stake in Southern Water Services Limited (‘Southern Water’). Southern Water provides essential services to 2.6 million water and 4.7 million wastewater customers across Kent, Sussex, Hampshire, and the Isle of Wight. Under the agreement reached with Southern Water’s existing shareholders, […] Posted by: Mya Driver Read more
Approval secured for one of Europe’s largest Life Science campuses in Stevenage Aug 11, 2023 UBS Asset Management and Reef Group (Reef) have received approval to create one of Europe’s largest life science campuses in Stevenage, Hertfordshire. The decision from Stevenage Borough Council’s planning committee paves the way for the new Life Sciences hub to be delivered alongside GSK’s existing Global R&D facility and the vibrant ecosystem at Stevenage Bioscience […] Posted by: Mya Driver Read more
£Billions of development set for Greenbelt Lands in England Aug 7, 2023 In various parts of England, including Surrey, Somerset, and West London, plans are underway to develop former greenbelt lands into housing communities. These developments aim to address the growing demand for housing in the country. Surrey’s New Town A significant 284-acre stretch of former greenbelt land in Surrey is being transformed into a ‘new town’ […] Posted by: Mya Driver Read more
Palace Capital offloads office in £9.6m deal Aug 2, 2023 Palace Capital announces that it has sold 22 Market Street, an office property in Maidenhead to a client of Soor Capital for £9.6m. The sale price reflects a net initial yield of 7.3%, equating to a net price of £9.0m (after rent incentives), which is 9.7% ahead of the 31 March 2023 book value. Following the […] Posted by: Mya Driver Read more
Cheltenham town centre brownfield site set for regeneration scheme Aug 1, 2023 A car park in Cheltenham town centre is set for a major regeneration scheme – as Wavensmere Homes are announced as the development partner for the new scheme. The project will see circa 150 mixed-tenure homes delivered in the town centre on the 145,000 sq ft site. BBS Capital previously acquired the project, who Wavensmere […] Posted by: Mya Driver Read more
Portsmouth News Centre to Make Way for Modern Electric Bus Depot Jul 28, 2023 The former headquarters of a regional daily, The News Centre in Portsmouth, is set to be redeveloped by First Bus, the new owner of the site. The company has submitted a request to Portsmouth City Council for permission to clear the site, which includes the main building. The News Centre was the base of the […] Posted by: Mya Driver Read more
Octopus Real Estate and PIC to develop up to four integrated retirement communities with Audley Group Jul 26, 2023 Senior Living Investment Partners (‘SLIP’), a £200 million partnership between Pension Insurance Corporation plc (‘PIC’), a specialist insurer of defined benefit pension schemes, and specialist real estate lender and investor Octopus Real Estate (‘Octopus’), today announces a multi-site joint venture with Audley Group, the UK’s leading provider of Integrated Retirement Communities (‘IRCs’) to develop up […] Posted by: Mya Driver Read more
Hopkins Homes submits plans for 246 new homes at Beaulieu, Chelmsford Jul 25, 2023 East Anglia’s largest privately-owned housebuilder, Hopkins Homes, has submitted a reserved matters application to provide a 246-home development at Beaulieu, in Chelmsford, Essex. The development will offer a range of homes to suit all buyers, from one-bedroom apartments through to five-bedroom detached houses, along with 67 affordable homes and a small retail centre. The new […] Posted by: Mya Driver Read more
Octane finalises £11 million loan for 120 units Jul 18, 2023 Octane Capital has successfully closed an £11 million funding arrangement for the remaining 120 units of a larger development comprising 213 units across Aylesbury and Maidenhead. The borrowers were nearing the end of their existing financing agreements and intended to both rent out and sell some of the remaining units. Octane Capital provided two flexible […] Posted by: Mya Driver Read more
Octopus Real Estate provides £36.8m loan for residential development Jul 13, 2023 Octopus Real Estate, part of Octopus Investments and a leading UK specialist real estate lender and investor, has provided a development loan of £36.8m to repurpose and extend a vacant office block into 174 private residential apartments. The loan provided to Sheen Lane Developments will finance the conversion of a vacant office block in Addlestone, […] Posted by: Mya Driver Read more
