LondonMetric sells £17m of long income and retail assets Sep 11, 2023 LondonMetric Property Plc (“LondonMetric”) announces the sale, in separate transactions, of four long income and retail assets, for £16.9 million. The combined price is in line with book value. The largest asset comprises a 27,000 sq ft Waitrose store in Malmesbury which has been sold for £9.6 million, reflecting a NIY of 4.66%. Acquired from […] Posted by: Mya Driver Read more
Former Portsmouth News Centre Scheduled for Demolition Sep 8, 2023 The former Portsmouth News Centre, located on London Road, is slated for demolition. First Bus has advanced plans for the site, with the aim of having the new facility operational by mid-2025. While the company has received clearance to proceed with the site’s clearing, the final plans for the depot are still under consideration. The […] Posted by: Mya Driver Read more
RO Group Finalises Sale of Taunton Travelodge for £3.9 Million Sep 7, 2023 The RO Group has confirmed the sale of its prominent Taunton Travelodge property. Located at the Riverside Retail Park, Hankridge Farm in Taunton, the hotel has been acquired by The Independent Order of Oddfellows Manchester Unity Friendly Society’s Unity United (Property) Investment Fund. The transaction was settled at £3.9 million, indicating a net initial yield […] Posted by: Mya Driver Read more
Bristol’s Ashton Gate Set to Usher in a New Sporting Era with Approved Developments Sep 4, 2023 Bristol’s iconic Ashton Gate Stadium is on the brink of a transformative phase, with the green light given for the construction of a state-of-the-art basketball arena, conference facility, hotel, residential flats, office spaces, and a parking structure. This ambitious venture, dubbed the “Sporting Quarter,” has received formal planning consent from the Bristol City Council. The […] Posted by: Mya Driver Read more
Southampton City Council’s £20m Initiative: Four Housing Providers Join Affordable Housing Framework Sep 1, 2023 Southampton City Council has officially onboarded four housing providers to its Affordable Housing Framework. These providers, namely Abri Group, Hyde Group, Sovereign Housing Association, and Stonewater Ltd, will collaborate with the council to develop affordable homes on council-owned land throughout Southampton. The initiative, which began in April 2023, aims to address the city’s pressing need […] Posted by: Mya Driver Read more
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
£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
Assetz Capital Confirms £2.75m Exit Loan for Housing Project in Somerset Aug 4, 2023 Assetz Capital, a financial institution, has confirmed a £2.75m development exit loan to facilitate the construction of a housing project in Frome, a town in Somerset. The project includes seven townhouses, two detached houses, and an office. The loan, which has a loan-to-gross development value (LTGDV) of 60%, has a term period of six months. […] Posted by: Mya Driver Read more
Iconic Bristol Office Building, Formerly Owned by Lloyds Bank, Changes Hands Aug 3, 2023 The former Bristol office of Lloyds Bank, a notable landmark, has been purchased with a £40m renovation plan in the pipeline to transform the Grade II-listed building into a contemporary workspace. The buyers, London-based real estate company Longstock Capital and investment firm Mactaggart Family and Partners, acquired Canons House for an undisclosed amount. The acquisition […] Posted by: Mya Driver Read more
Firethorn Trust gains approval for housing at the UK’s first eco-town Aug 1, 2023 The decision on Tuesday 25 July 2023 successfully concluded an appeal process, with the planning inspector placing significant weight on the fact the scheme would support the delivery of the wider North West Bicester Ecotown – the first of its kind in the UK. Details within the planning application mean the development would provide: The […] Posted by: Mya Driver Read more
