£700m life sciences scheme in Oxford out to consultation Nov 10, 2022 Oxford North Ventures, the joint venture company of Thomas White Oxford, the development company of St John’s College, Cadillac Fairview and Stanhope, has launched a four-week public consultation on enhancements to phase 1a and new designs for phase 2 to deliver Oxford North, the new £700 million innovation district in Oxford, UK. Following the grant […] Posted by: Mya Driver Read more
St. Modwen acquires 170,000 sq ft Hatfield distribution centre Nov 9, 2022 St. Modwen, a leading logistics developer and manager, has acquired a c.170,000 sq ft cross-docked distribution centre in Hatfield, Hertfordshire. The high-specification distribution warehouse is located on the Hatfield Business Park, one of the South East’s premier distribution centres located close to the A1 and M25, and just 22 miles north of Central London. The […] Posted by: Mya Driver Read more
Silbury Finance facilitates £22m for Hove residential development Nov 4, 2022 The Oaktree Capital Management-backed lender agreed the 17-month facility at 70% LTGDV. It will support Stonegate’s transformation of a vacant office block into 100 residential flats arranged over seven floors. The scheme will include a mix of one-and-two-bed apartments and penthouses with panoramic views across Brighton and the coastline. Some 25% of the homes are […] Posted by: Mya Driver Read more
Plans for 714 new apartments gets the green light Nov 4, 2022 A major development for the centre of Harlow has been given the go-ahead by the Development Control Committee at Harlow Council, who resolved to grant planning permission subject to a Section 106 agreement. Overall, the Harlow Quarter scheme, by Strawberry Star, will create 741 new apartments, along with flexible ground floor retail space to attract […] Posted by: Mya Driver Read more
Dagenham Green given green light for 935 homes Nov 1, 2022 Peabody has been granted permission for the first phase of Dagenham Green, with plans to build 935 homes on the site of the old Ford stamping plant, subject to agreement from the Environment Agency. The first phase of the development will be in the south-west corner of the site in the borough of Barking and […] Posted by: Mya Driver Read more
FTSE 250 REIT sells 2 properties for £28 million Nov 1, 2022 LondonMetric Property Plc (“LondonMetric”) has sold two assets for £28.2 million, reflecting a blended NIY of 4.6%. The separate transactions comprise: • a 61,000 sq ft retail park in Tonbridge, for £22.0 million, reflecting a NIY of 5.25%. Acquired for £11.5 million in 2013 when it was let to B&Q and Halfords, LondonMetric accepted a […] Posted by: Mya Driver Read more
Huge HOP Film and Television Studio submitted for planning in Bedfordshire Oct 31, 2022 A masterplan for a new film and television studio campus in central Bedfordshire near Stewartby has been submitted for planning. The scheme redevelops a 143-acre site and former clay mineral quarry to provide over 1.75m sq ft flexible studio space together with on-site accommodation, amenities and a re-wilded water body and canal for developer VERB […] Posted by: Mya Driver Read more
Marshgate Group and Nuveen Real Estate complete forward funding deal at Horizon 120 Braintree Oct 19, 2022 Nuveen Real Estate has agreed to forward fund the development of “Eos”, a new 121,230 sq ft, high quality industrial/hi-tech scheme in Braintree, Essex, providing nine units ranging from c.8,000-20,000 sq ft. The development forms part of Horizon 120, an exemplar business park for the region capable of providing in excess of 750,000 sq ft […] Posted by: Mya Driver Read more
Sovereign snaps up Farnborough shopping centre for £17.6 million Oct 13, 2022 Sovereign Housing Association has bought the Princes Mead Shopping Centre and two adjacent retail assets in Farnborough for £17.6 million from Knight Frank Investment Management (KFIM), on behalf of Local Pensions Partnership Investments (LPPI). The acquisition provides an opportunity for the 61,000-home housing association to bring forward a residential-led, mixed-use regeneration in the heart of […] Posted by: Mya Driver Read more
Mission Street and BentallGreenOak joint venture to deliver new 23-acre science district for Cambridge Oct 12, 2022 In a major boost to the UK’s life sciences sector, Mission Street and BentallGreenOak (BGO) will deliver a world-class science and innovation campus less than 10 minutes east of the city centre, following the acquisition of a 23-acre site on Coldham’s Lane in Cambridge. This is the fifth and largest acquisition by the specialist science […] Posted by: Mya Driver Read more
