Built Environment Networking Blog: North West News

Hillcrest Private Equity Acquires Manchester’s Arkwright House

Hillcrest Private Equity Real Estate has expanded its portfolio with the acquisition of the 95,000 sq ft Arkwright House in Manchester from a Luxembourg-based fund. The deal, involving the grade two-listed neo-classical building, marks Hillcrest’s first investment in the North West. Arkwright House, located on Parsonage Gardens, was previously acquired by Catalyst Capital in 2014 […]

Posted by: Mya Driver

Read more

Housing Growth Partnership and McGoff Group Launch £13m JV for 237-Unit BTR Scheme in Manchester

Housing Growth Partnership (“HGP”), the Lloyds-backed equity investor supporting the UK’s living sector to deliver more homes, has committed £13m to a joint venture with McGoff Group (“McGoff”) to deliver the new Downtown Victoria North build-to-rent scheme in Manchester. The development is situated on a form er gasworks on Rochdale Road and represents a key […]

Posted by: Mya Driver

Read more

Housing vision for Manchester probation centre

67 homes could be built on the site of Victoria Park Probation Centre off Laindon Road in Longsight, Manchester.  The proposals, submitted by Britannia Group, are the subject of a public consultation, will feature 33 apartments and 34 houses.   11 of the homes would be affordable, as prescribed by Manchester City Council’s 20% affordable housing rules.  Situated […]

Posted by: Mya Driver

Read more

Huge step forward for transformation of town centre as development partner announced

A major milestone has been reached in the ongoing transformation of Oldham town centre, with the announcement of the council’s new development partner today (Friday 7 July). The ground-breaking new partnership with nationwide placemaker Muse, will bring millions of pounds of investment to Oldham, as well as creating new jobs and opportunities for local people, […]

Posted by: Mya Driver

Read more

ICG Real Estate provides £100 million development loan to Salboy to fund new 556-home Manchester development

ICG Real Estate, the real estate division of ICG, has provided a £100 million loan to Salboy Limited to fund the development of a major 556 build-to-sell residential scheme in Manchester’s ‘Green Quarter’ district. Sitting on the site of the former Boddington Brewery directly opposite Manchester Arena and Manchester Victoria station, Waterhouse Gardens is well […]

Posted by: Mya Driver

Read more

Industrials REIT secures planning for multi-let industrial scheme

Industrials REIT, the UK multi-let industrial (“MLI”) property company, has secured planning approval for a 55,750 sq ft MLI scheme at its Old Mill Industrial Estate, in Bamber Bridge, Preston. Acquired in 2018, Industrials REIT will transform the existing estate by redeveloping an old industrial building and utilising some vacant land.  The 44 new light […]

Posted by: Mya Driver

Read more

Investec REALIS acquires prime Manchester office in partnership with XLB

Investec Bank Investec Bank plc (“Investec”), a leading international financial services provider, announces that Investec REALIS (“REALIS”), the equity strategy that it launched last year, has acquired Citygate, a 47,000 sq ft office in the heart of Manchester’s CBD.  In line with REALIS’s strategy of working alongside best-in-class operating partners, XLB will be responsible for […]

Posted by: Deividas Krupstas

Read more

Investec Supports Manchester Housing with £22 Million Loan to Realstar

Investec Real Estate disclosed a strategic financial move by providing a three-year, £22 million investment loan to a fund managed by Realstar Group. This loan is secured against UNCLE Manchester, a centrally located multifamily residential scheme in Manchester, underscoring the continuing demand for high-quality housing in the city. UNCLE Manchester features 171 studio and one-bedroom […]

Posted by: David Gilbank

Read more

Investment Fund Acquires Multiple Properties in Key Cities

The Urban Splash Residential Fund has made a significant investment to expand its portfolio, acquiring 129 homes across Manchester, Salford, and Leeds. This £15 million investment has increased the number of homes in the Urban Splash UK Residential LLP (USUKR) portfolio by 41%, bringing the total to 437 homes. The acquisition also adds £1.3 million […]

Posted by: Mya Driver

Read more

Issa Brothers Set to Demolish Final Thwaites Building in Blackburn

The billionaire Issa brothers have submitted an application to demolish the last remaining structure of the former Thwaites Brewery in Blackburn. The building, a former visitor centre, is located on a nearly half-acre site off Penny Street, which is owned by their property company, Monte Blackburn. The brothers, who made their fortune with the creation […]

Posted by: David Gilbank

Read more