LondonMetric acquires two urban logistic assets for £29m Apr 27, 2022 LondonMetric Property Plc (“LondonMetric”) announces the acquisition of two urban logistics properties for £28.8 million, in separate transactions, reflecting an anticipated blended yield of 4.5% and a reversionary yield of 5.0%. The properties are expected to generate a rent of £1.4 million p.a. and comprise: a 125,000 sq ft urban logistics forward fund development at […] Posted by: Mya Driver Read more
MAYORAL ELECTION IN FOCUS: Cambridgeshire and Peterborough CA Apr 20, 2021 On May 6 a number of Combined Authority Mayoral elections will take place and, as part of a special series of events, we invited candidates from each one to explain what their ambitions and visions are in terms of regeneration moving forward? These are the responses from those standing for Mayor in the Cambridgeshire and […] Posted by: Mark Flanagan Read more
Millfield Estates Acquires Eco-Friendly Office for £1.2m in Leicester Jan 5, 2024 In a significant property deal, Millfield Estates has expanded its portfolio by purchasing a cutting-edge eco-friendly office building located at 3 Rayns Way, Watermead Business Park, Leicester. The transaction is valued at £1.2 million. This acquisition increases Millfield Estates’ portfolio to a total of 14 properties. The office, covering 6,027 square feet, is notable for […] Posted by: Mya Driver Read more
Moorfield Group, Melberry Developments and Funding House partner for £42m student accommodation scheme Nov 15, 2023 Moorfield Group (“Moorfield”), the UK real estate fund manager, has entered into its second development agreement with Melberry Developments (“Melberry”), on behalf of Moorfield Real Estate Fund V, for a 293-bed purpose-built student accommodation scheme in Lincoln. It is also Moorfield’s second project in its “Zennor” partnership with Funding House. The £42m GDV scheme, funded […] Posted by: Mya Driver Read more
New UK ‘Space City’ cluster launched in Leicester Mar 15, 2023 A new ‘Space City Leicester’ cluster has been launched in Leicester that will create one of the largest and most connected Enterprise Zones for space-related activities in the UK. Space City Leicester represents up to £233 million of investment in new and planned facilities on the former Pioneer Park development to the north of Leicester […] Posted by: Mya Driver Read more
NFU Mutual desposes industrial portfolio to Barings in £234m deal Jul 28, 2022 NFU Mutual has agreed to dispose of 8 logistics assets in a £234m deal with Barings. In total it covers 1,477,431 sq ft of space – with assets in the Midlands, South West, South East and North West. Fully let, the tenant base is diversified, with the likes of e-commerce, manufacturing and freight brands taking […] Posted by: Mya Driver Read more
Octopus Real Estate completes £22m loan on the development of 341 new homes in Derby city centre Oct 11, 2022 Octopus Real Estate, part of Octopus Group and a leading UK specialist real estate lender and investor, has provided a loan in excess of £22m on the development of 341 flats in Derbyshire. The development loan – which has a 36-month term – will finance the creation of five blocks of flats; 260 one-bedroom units […] Posted by: Mya Driver Read more
Octopus Real Estate completes £9m loan on historic Grade II Listed property Apr 7, 2022 Octopus Real Estate, part of Octopus Group and a leading UK specialist real estate lender and investor, has provided a £9m loan on the redevelopment of a Grade II Listed building in Northampton town centre. The development loan – which has a 24-month term – will finance the creation of 89 new homes; 17 studio […] Posted by: Mya Driver Read more
Olympian Homes & Housing Growth Partnership announce Joint Venture to deliver £120 million, 790-bed PBSA scheme Dec 14, 2023 Olympian Homes, the established commercial and residential developer, and Housing Growth Partnership (HGP) have formed an equity Joint Venture (JV) to deliver a 790-bed Purpose Built Student Accommodation Scheme (“PBSA”) in Nottingham city centre. The scheme, which will also include 19 affordable homes, has a Gross Development Value of c. £120 million. Known as ‘Forest […] Posted by: Mya Driver Read more
One to Watch: Home of the ‘Dambusters’ £300 Million Investment? May 3, 2024 Sir Edward Leigh, the Conservative MP for Gainsborough, has recommended “the entire site” of RAF Scampton be considered for development, highlighting its potential for attracting £300 million in investment, marking a significant opportunity for the region. Speaking in the House of Commons on Wednesday, May 1, Sir Edward emphasized the untapped potential of RAF Scampton, […] Posted by: David Gilbank Read more
One to Watch: North East Lincolnshire Unveils Future-Oriented Local Plan Jan 15, 2024 North East Lincolnshire Council today announced the public consultation phase for its revised Local Plan, marking a pivotal moment for the borough’s future development. The Local Plan, a comprehensive framework guiding land use and development in North East Lincolnshire, is currently under review with its latest draft now available for public scrutiny. This plan, which […] Posted by: Mya Driver Read more
Out of the Ashes: Trent Bridge Eyes Major Revamp to Secure Future as Premier Cricket Venue Feb 22, 2024 Nottinghamshire County Cricket Club has unveiled ambitious plans for a major redevelopment of Trent Bridge, aiming to bolster its status as a leading venue for Test cricket. Central to these plans is the expansion and partial demolition of the historic Members’ Pavilion, a critical step to meet the evolving demands of international cricket and ensure […] Posted by: Mya Driver Read more
