Leumi UK completes loan to fund a consented residential site in Manchester’s Salford Quays Apr 24, 2023 Specialist property lender Leumi UK has agreed to a £13.75 million short-term loan with UK real estate fund manager Frogmore, to refinance Cotton Quay – an 8.5-acre waterfront site in Salford Quays, Manchester. The site has hybrid planning consent for 1,493 Build to Sell residential units, 475 hotel beds, as well as 31,000 sq ft […] Posted by: Mya Driver Read more
Manchester City submits planning application for entertainment destination at the Etihad Stadium Apr 18, 2023 This follows the conclusion of the Club’s consultation held between Tuesday 28 February, and Sunday 26 March, where fans and the local community were invited to share their feedback on concepts and designs. Having reviewed all of the feedback submitted via the consultation questionnaire, the Club is delighted to confirm that fans were in favour […] 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
British Land makes further strategic progress in retail parks with over £120m of gross activity Mar 21, 2023 British Land is pleased to announce that since the half year results in November, it has completed on the acquisition of three high quality retail parks for a total of £94m and sold its 50% stake in a retail park in Preston for £30m. These deals are in line with our strategy to actively recycle […] Posted by: Mya Driver Read more
McLaren Property secures planning consent for £70 million St Gabriel’s student accommodation development, Manchester Mar 17, 2023 Manchester City Council today granted a resolution to approve a full planning permission to national developer McLaren Property, for the £70m redevelopment and restoration of St Gabriel’s Chapel and Lodge into new high-quality student accommodation, located in Victoria Park Conservation Area, Rusholme, Manchester. The restoration of the St Gabriel’s Chapel and Lodge, and associated buildings, […] Posted by: Mya Driver Read more
Greater Manchester strikes trailblazing new devolution deal – “New era for English devolution” Mar 16, 2023 Greater Manchester’s Mayor and 10 Leaders have hailed the city-region’s first devolution deal with the Government since 2017 as the most significant yet – securing much greater influence over crucial policy areas. The Deal further embeds the role of local decision-making through additional powers, new financial freedoms and new accountability arrangements. It is a vote of confidence in devolution and Greater […] Posted by: Mya Driver Read more
Capital&Centric to repurpose Wigan modernist icon into bustling business community Mar 15, 2023 ONE of Wigan’s most iconic town centre buildings is set for a new lease of life. Social mission developers Capital&Centric, in partnership with Wigan Council, are set to restore the Civic Centre – the modernist concrete building that’s sat at the heart of the town since the 1970s. They’ve struck up the partnership to restore […] Posted by: Mya Driver Read more
Council planners give the green light to Central Park and Enabling Infrastructure at Liverpool Waters Mar 15, 2023 Peel L&P’s plans for a brand-new public park and essential infrastructure to enable the delivery of approximately 2350 homes, with biodiversity, sustainability, and heritage at its hearts, have been approved by Liverpool City Council. Located within the Central Docks neighbourhood at Liverpool Waters, just south of Collingwood Dock by the historic Tobacco Warehouse, Central Park […] Posted by: Mya Driver Read more
North West and North Wales industry welcome Government’s £20bn investment commitment Mar 15, 2023 The UK has secured its position as a world leader in carbon capture and storage (CCS) technology through projects such as HyNet after news of a £20bn Government investment. HyNet, which is ready to start getting shovels in the ground in 2024, will enable the decarbonisation of vital industries such as cement, refining, chemicals, glass […] Posted by: Mya Driver Read more
