The first phase of 2,400-home community in Coventry sold to Countryside Partnerships Apr 5, 2023 Land which will deliver the first phase of a vibrant new 2,400-home community in Coventry has been sold to Countryside Partnerships, the UK’s leading mixed tenure developer. Warwickshire-based land, development and property agency Newton LDP has completed the sale of the 31-acre site on behalf of its clients. The parcel of land on Pickford Green […] Posted by: Mya Driver Read more
M7 Capital provides £7 million loan to support the acquisition of prime Birmingham office asset Apr 4, 2023 M7 Capital (“M7C”), a full-service real estate debt specialist, announces that it has provided, on behalf of its UK debt fund TREC II, a £7 million loan to Linden Hill Capital (“LHC”), a UK real estate Investment Manager, to support the acquisition of a prime Birmingham office asset, Maple House. TREC II has now deployed […] Posted by: Mya Driver Read more
Precede Capital Partners provides £188m financing for Apache Capital, Harrison Street and NFU Mutual joint venture to fund Moda Living’s £302m Great Charles Street build-to-rent development Mar 31, 2023 Precede Capital Partners (“Precede Capital”), the real estate development lending platform, today announces that it has provided a £188 million five-year whole-loan facility to a joint venture between Apache Capital, Harrison Street and NFU Mutual. The loan represents Precede Capital’s second since announcing its partnership with QuadReal Property Group (“QuadReal”). The facility will be used […] Posted by: Mya Driver Read more
Seven premium build-to-rent schemes to be built by new Apache Capital and Harrison Street Real Estate Capital joint venture Mar 31, 2023 Apache Capital has formed a joint venture with Harrison Street Real Estate Capital that, with additional investment from National Farmers Union Mutual Insurance Society Limited and Apache Capital, intends to fund the development of up to seven premium build-to-rent schemes across England and Scotland. The New Platform has successfully closed and recently began construction on […] Posted by: Mya Driver Read more
LondonMetric sells five distribution warehouses for £35 million Mar 28, 2023 LondonMetric Property Plc (“LondonMetric”) announces that it has exchanged on the sale of five assets in two transactions for £34.8 million, which reflects a NIY of 5.0% and a 4% discount to 30 September 2022 book value. Four of the assets have been sold as a portfolio for £25.5 million. The properties have a WAULT […] Posted by: Mya Driver Read more
Londonmetric sells a portfolio of multi-let industrial units for £46 million Mar 23, 2023 LondonMetric Property Plc (“LondonMetric”) announces that it has simultaneously exchanged and completed on the sale of a portfolio of three multi-let industrial estates for £46.0 million, which reflects a NIY of 5.8%. The disposal is slightly above book value as at 30 September 2022. The estates total 446,000 sq ft across 113 units and generate […] Posted by: Mya Driver Read more
Study to consider business case for new West Midlands velodrome and cycle park Mar 23, 2023 The West Midlands Combined Authority (WMCA) has commissioned an independent study to examine the business case for specialist cycling facilities that will be open and accessible to everyone who lives in the region The scope of the evidence-based business case will be broad and consider all potential options. They include: A Cycling Facility Advisory Group […] Posted by: Mya Driver Read more
Henry Boot exchanges on land for planned 2400 homes in Coventry Mar 17, 2023 Henry Boot’s land promotion and planning business, Hallam Land Management (HLM), announces that it has exchanged on the sale of a 250-plot 31-acre site in Eastern Green, Coventry to mixed-tenure developer Countryside Partnerships. Eastern Green comprises a Sustainable Urban Extension on the west side of Coventry. The 31-acre site, contracted under a Planning Promotion Agreement […] Posted by: Mya Driver Read more
Unique partnership will see thousands of homes built in Stoke-on-Trent in the next decade Mar 16, 2023 Thousands of new homes are set to be built in Stoke-on-Trent over the next 10 years, thanks to a ground-breaking partnership with Homes England. Last year, Stoke-on-Trent City Council announced a landmark agreement with the government’s housing agency which outlined a commitment to working together on a comprehensive housing delivery plan for the city. Now […] Posted by: Mya Driver Read more
New powers and £1.5 billion investment from Deeper Devolution Deal will deliver jobs, housing and economic growth across the West Midlands Mar 15, 2023 The West Midlands Combined Authority (WMCA) has negotiated a new Deeper Devolution Deal securing wide ranging new powers and a budget windfall in excess of £1.5 billion to level up the region. Under the Deeper Devolution Deal – announced by Government in today’s Spring Budget – the WMCA has secured new and significant longer-term funding […] Posted by: Mya Driver Read more
