Gloucester City Homes strikes £130m funding deal Aug 24, 2023 A £130m finance package has been agreed by GCH with Natwest, which includes £30m in new funding. The deal significantly extends the level of commitment from NatWest, in terms of both loan maturity and funding amount, extending £100m in existing loans for 10 years. The additional £30m commitment will allow GCH to continue delivering important […] Posted by: Mya Driver Read more
Macquarie Asset Management agrees to acquire majority stake in Southern Water Aug 11, 2023 Macquarie Asset Management has today announced it has reached an agreement to acquire a majority stake in Southern Water Services Limited (‘Southern Water’). Southern Water provides essential services to 2.6 million water and 4.7 million wastewater customers across Kent, Sussex, Hampshire, and the Isle of Wight. Under the agreement reached with Southern Water’s existing shareholders, […] Posted by: Mya Driver Read more
£Billions of development set for Greenbelt Lands in England Aug 7, 2023 In various parts of England, including Surrey, Somerset, and West London, plans are underway to develop former greenbelt lands into housing communities. These developments aim to address the growing demand for housing in the country. Surrey’s New Town A significant 284-acre stretch of former greenbelt land in Surrey is being transformed into a ‘new town’ […] Posted by: Mya Driver Read more
Assetz Capital Confirms £2.75m Exit Loan for Housing Project in Somerset Aug 4, 2023 Assetz Capital, a financial institution, has confirmed a £2.75m development exit loan to facilitate the construction of a housing project in Frome, a town in Somerset. The project includes seven townhouses, two detached houses, and an office. The loan, which has a loan-to-gross development value (LTGDV) of 60%, has a term period of six months. […] Posted by: Mya Driver Read more
Iconic Bristol Office Building, Formerly Owned by Lloyds Bank, Changes Hands Aug 3, 2023 The former Bristol office of Lloyds Bank, a notable landmark, has been purchased with a £40m renovation plan in the pipeline to transform the Grade II-listed building into a contemporary workspace. The buyers, London-based real estate company Longstock Capital and investment firm Mactaggart Family and Partners, acquired Canons House for an undisclosed amount. The acquisition […] Posted by: Mya Driver Read more
The PG Group secures £7.4m Paragon Bank finance for Bristol apartments scheme Jul 13, 2023 Paragon Bank’s Development Finance division has provided a £7.4m finance package to support the development of 34 apartments by The PG Group in Redcross Mews, Bristol. The Redcross Mews development consists of 34 one, two and three-bedroom flats, five of which will be shared ownership. Construction is set to complete in Summer 2024. The PG […] Posted by: Mya Driver Read more
1500 new homes could be built in Exeter Jun 30, 2023 The city council of Exeter is moving forward with a significant redevelopment plan for the Water Lane area. This plan will mean the construction of up to 1,500 new homes. The council has agreed to use its compulsory purchase order (CPO) powers, if necessary, to secure land for this project. The redevelopment plan also includes […] Posted by: Mya Driver Read more
Investment in future Solent economy announced Jun 27, 2023 The Solent LEP has today announced key developments in its work to support the Solent economy of the future; the creation of The Solent Cluster and new funding to develop skills in the region. Building on the success of its work to date, which has seen the LEP enable the delivery of nearly 14,000 new […] Posted by: Mya Driver Read more
OakNorth Bank Lends £37m for UK Storage Company Buyout Jun 27, 2023 OakNorth Bank, the neobank for entrepreneurs, by entrepreneurs, has provided a £37m loan to UK Storage Company, one of the UK’s largest independent self-storage providers. Founded in 2005 by Keith and Cathy Taylor, UK Storage Company opened its first site in Bridgwater, Somerset that year, with the site also being used as its headquarters. Its second […] Posted by: Mya Driver Read more
Flagship development progresses on council land in Weston Jun 8, 2023 North Somerset Council has moved a step closer to delivering 425 new high quality, highly sustainable and affordable homes on land it owns in Weston-super-Mare. A build lease agreement was signed last month (May 2023) by the council and its chosen developer Keepmoat to deliver the homes near Locking. Part of the Parklands Village development, […] Posted by: Mya Driver Read more
