Savills IM acquires two single-family Build to Rent assets for £50m Jun 19, 2023 International real estate investment manager – Savills Investment Management (Savills IM) – completes the acquisition of two forward-funded single-family Build to Rent sites in the Midlands – both developed by Urban & Civic – for approximately £50m. Both acquisitions were off-market transactions, and the first in Savills IM’s Build to Rent portfolio. Savills IM worked with […] Posted by: Mya Driver Read more
Silbury Finance provides retirement living specialist Audley Group with £59 million investment loan Oct 4, 2022 Silbury Finance (“Silbury”), the Oaktree Capital Management-backed development lender, has provided Audley Group (“Audley”), the UK retirement village provider, with a £59 million investment facility, secured against four retirement villages located across Greater London and the Midlands. The two-year, 75% LTV facility refinances an existing loan and will support Audley as it progresses with the […] Posted by: Mya Driver Read more
Spitfire Housing secures land to develop 1,100 new homes Jan 24, 2022 A major new neighbourhood of up to 1,100 homes, a primary school and community & retail space is coming to Daventry, after the site was acquired by Spitfire Homes in partnership with Crest Nicholson. Located on the western edge of Daventry, the 50-hectare development already has outline planning permission for up to 1,100 new homes, […] Posted by: Mya Driver Read more
St. Modwen Logistics announces £59m second phase of St. Modwen Park Derby Apr 4, 2023 St. Modwen Logistics, one of the UK’s leading logistics developers and managers and a Blackstone portfolio company, has invested almost £60m to develop an additional c. 350,000 sq ft of new warehouse space at St. Modwen Park Derby. Due for completion in 2024, this next phase will see St Modwen Logistics and Winvic Construction Ltd […] Posted by: Mya Driver Read more
Three major housing associations with 60,000 homes announce potential merger Apr 6, 2022 BPHA, Futures Housing Group (FHG) and Flagship Group have begun discussions to create the new landlord which would operate across the East and Central England and become the largest provider in that area. The organisations have said the talks are exploratory so far and would be subject to each housing association’s board. The landlords have […] Posted by: Mya Driver Read more
UK Student Housing Boost: Puma Property Backs £72m Nottingham Development Jan 10, 2024 In a major boost to student accommodation in Nottingham, Puma Property Finance has committed to a £72 million loan for a new development project. This project, a joint venture between Olympian Homes and Housing Growth Partnership (HGP), aims to construct a 790-bed purpose-built student accommodation (PBSA) scheme in the city’s heart. Dubbed Forest Mill, the […] Posted by: Mya Driver Read more
Unite acquires a 270-bed consented development site in Nottingham Jan 24, 2022 Unite Group PLC – an attendee at UKREiiF – has acquired a consented 270-bed development site in Nottingham City Centre. The Bristol, England-based owner, manager and developer of student accommodation expects to spend GBP34 million developing the site, which will open for the 2024-25 academic year. It expects the yield on cost to be 7%. […] Posted by: Mya Driver Read more
Urban Group gets green light for 300-bed PBSA project Dec 9, 2021 Planning permission has been granted for a major new student accommodation scheme in Nottingham’s Southside Regeneration Area, on Traffic Street, that will offer a total of 297 bedrooms. The site is currently occupied by a parking area and two industrial units that will be demolished to make way for the development. Planning Permission was secured […] Posted by: Mya Driver Read more
Wavensmere Homes Launches £10m Short-term Rental Facility at Nightingale Quarter, Derby Apr 15, 2024 Wavensmere Homes has launched ‘Covo’ a £10m short-term rental operation within the newest apartment building to complete at its £175m Nightingale Quarter development in Derby city centre. Bookings are being taken for stays of two nights or longer via a dedicated online portal. Comprising all 52 apartments within the six-storey red brick Hardwick House – […] Posted by: Mya Driver Read more
Wavensmere Homes’ £75m Plans for Derby’s Friar Gate Goods Yard Recommended for Approval Apr 18, 2024 Plans submitted by Wavensmere Homes and Clowes Developments for the redevelopment of the city’s historic Friar Gate Goods Yard have been recommended for approval by Derby City Council’s planning officials. The detailed design proposals – submitted in August 2023 – set out the vision for the reanimation of two landmark Grade II listed buildings into […] Posted by: Mya Driver Read more
West Northamptonshire Council Acquires St James’ Depot for Northampton Revitalisation Nov 9, 2023 In a strategic move to revitalise Northampton, West Northamptonshire Council has acquired the former St James’ Depot, an area lying dormant for over a decade. This 4.5-acre site is set to be transformed into a vibrant housing development as part of Northampton’s broader regeneration efforts. The council, having purchased the site from Church’s Shoes, is […] Posted by: Mya Driver Read more
Contractor wanted for Tritax’s speculative East Midlands logistics park Apr 14, 2021 The first phase of Tritax Symmetry’s 2million sqft logistics park in the East Midlands has gained approval. The warehouse specialist plans to build seven large-scale warehouses on an 111-acre site near Rugby (just off the M45) and this week was granted planning permission for the first two speculative units – 186,000 and 134,000 sqft. Both […] Posted by: Mark Flanagan Read more
