GRE Finance lends £10m for office redevelopment and value-add hotel projects May 17, 2024 GRE Finance, a specialist lender to the UK Real Estate market, has completed two loans, worth c. £10 million, secured against a £50m GDV planning reposition deal and an operational country house hotel, as the firm continues to expand its loan book amid significant opportunities for lending against value-add real estate assets. GRE Finance has […] Posted by: David Gilbank Read more
Buckinghamshire Council Advances Regeneration of Aylesbury with New Developments May 10, 2024 Buckinghamshire Council has taken further steps in the regeneration of Aylesbury, detailing progress in the development of two central sites aimed at enhancing the town’s public spaces and housing. The council’s commitment of £5 million towards revitalising the town centre includes transforming the site of a former bingo hall, which has remained vacant for years. […] Posted by: David Gilbank Read more
Prime Box and Cedar Invest Set to Revamp Hampshire Warehouse May 9, 2024 Prime Box, in collaboration with Cedar Invest, has acquired Denmark House in Petersfield, Hampshire, paving the way for significant redevelopment. The London-based companies completed the purchase from Vestey Holdings, marking an important step in their expansion strategy. Denmark House, located strategically on Bedford Road close to the A3, spans approximately 112,000 sq ft. The redevelopment […] Posted by: David Gilbank Read more
Panattoni Expands Sittingbourne Development with Additional 10 Acres May 9, 2024 Panattoni, the logistics property developer, has recently acquired an extra 10 acres of land in Swale, Kent, escalating its total investment in the region to £170 million. This new acquisition is part of an ambitious plan to establish a 36-acre logistics park in Sittingbourne, aiming for net zero carbon emissions. The initial phase of construction […] Posted by: David Gilbank Read more
Hampshire and Essex Pension Funds Inject £1.3 Billion into New Property Fund May 8, 2024 Hampshire and Essex pension funds have collectively invested £1.3 billion in a fresh property fund under the ACCESS investment pool, which serves 11 Local Government Pension Scheme funds. Managed by CBRE Investment Management, this new fund complements their existing UK core and global real estate mandates. The two pension funds, holding assets of £9 billion […] Posted by: David Gilbank Read more
New Stadium and 3,500 Homes Approved for Kent Development May 2, 2024 Plans for a new football stadium and thousands of homes on brownfield land in Kent have been given the green light by Gravesham Borough Council. Ebbsfleet United FC’s proposal for an 8,000-capacity stadium and accompanying residential complex comprising 3,500 homes has been approved, signalling a transformative development for the area. The project entails the demolition […] Posted by: David Gilbank Read more
One To Watch: Yeovil Shopping Centre to be Demolished by Somerset Council May 1, 2024 Somerset Council has unveiled plans to allocate up to £1 million for the demolition of a shopping centre as part of the ongoing Yeovil Refresh regeneration initiative. The Yeovil Refresh program, spearheaded by South Somerset District Council, aims to future-proof the Yeovil town centre through various projects aimed at enhancing its appeal to residents, visitors, […] Posted by: David Gilbank Read more
Macquarie Asset Management divests East Anglia ONE stake May 1, 2024 Macquarie Asset Management has reached an agreement to divest a 10 per cent stake in East Anglia ONE offshore wind farm to NTR, a leading renewable energy specialist (on behalf of the L&G NTR Clean Power (Europe) Fund (the “Fund”) and one of the Fund’s investors, The Development Bank of Japan Inc). East Anglia ONE […] Posted by: David Gilbank Read more
Mortimer Street Capital Seals £4.1m Development Exit Agreement Apr 30, 2024 Mortimer Street Capital has finalised a £4.1 million development exit bridging facility for a client who recently completed a 22-unit scheme within a gated development in Surrey. Following the completion of the scheme with new build warranties in place, the client sought to refinance the existing development finance facility. Their aim was to lower their […] Posted by: David Gilbank Read more
Proposal for 1,300 Homes in East Malling Apr 30, 2024 Plans have been submitted for a new housing development in East Malling. The planning application has been submitted by the East Malling Trust for a project named Bradbourne. The proposed development would feature 1,300 homes on 80 hectares of farmland situated between Kiln Barn Road and Hermitage Lane. The plans include provisions for essential amenities […] Posted by: David Gilbank Read more
