Supermarket Income REIT acquires two further grocery stores Jan 5, 2022 UKREiiF attendee Supermarket Income REIT, the real estate investment trust providing secure, inflation-protected, long income from grocery property in the UK, announces the acquisition of two supermarkets, a Sainsbury’s in Washington, Tyne and Wear, and an Asda in Cwmbran, South Wales, for a total purchase price of £55.1 million (excluding acquisition costs), reflecting a combined […] Posted by: Mya Driver Read more
Thackeray Group acquires Cardiff building – with £100m transformation planned Jan 17, 2022 The landmark Howells building in Cardiff city centre has a new owner who plans to transform it into a £100m new mixed-use destination. The new owners, the Thackeray Group, aim to turn the building into an aparthotel, build-to-rent apartments, restaurants, shops, leisure offerings and office space. The real estate investment, development and asset management firm, […] Posted by: Mya Driver Read more
VTTI Acquires 50% Stake in Dragon LNG Terminal in Wales May 10, 2024 VTTI, a Dutch energy infrastructure firm, has finalised a deal to acquire a 50% ownership in Dragon LNG Group (Dragon LNG) from Ancala, an infrastructure asset manager. The financial details of the transaction have not been disclosed. This acquisition positions VTTI as a co-owner of a crucial LNG import terminal in the UK, which fulfils […] Posted by: David Gilbank Read more
Welsh Government submits plans for £150m Global Centre of Rail Excellence Apr 15, 2021 The Welsh Government has submitted plans to build a £150m rail testing complex at the site of a former open-cast coal mine in Powys. The Global Centre of Rail Excellence, which is due to be completed in 2025, will allow for rolling stock and trains to be trialled on a 6.9km circular track which can […] Posted by: Mark Flanagan Read more
Welsh steel’s future secured as UK Government and Tata Steel announce Port Talbot green transition proposal Sep 15, 2023 he UK Government and Tata Steel have today (15 September) agreed on a proposed joint investment package which will secure a sustainable future for steelmaking in Port Talbot, modernise production of greener steel and protect skilled jobs, subject to consultation and regulatory approvals. Tata Steel is expected to invest £1.25 billion, including a UK Government […] Posted by: Mya Driver Read more
Wrexham Council Approves Over 500 New Homes in Stansty and Rhosrobin Developments Jan 9, 2024 Wrexham County Council has approved two major residential projects proposed by Russell Homes and SG Estates. The plans, which were discussed in a lengthy planning committee meeting, will see the creation of 547 new homes in the Stansty and Rhosrobin areas. Russell Homes’ outline application, which includes plans to build up to 455 homes on […] Posted by: Mya Driver Read more
Watkin Jones maintains busy start to 2021 with Swansea student scheme Apr 7, 2021 Student accommodation specialist Watkin Jones has unveiled plans for a 350-bed facility in the centre of Swansea on the site of a former HMRC office. Since 1999 the company has delivered 43,000 student beds across 130 sites and identified the Welsh city as a hotspot with Swansea University student numbers having increased 11.5% over the […] Posted by: Mark Flanagan Read more
Big investment wins for North East as Chancellor emphasises determination to level up economy Mar 3, 2021 The North East was a big winner in today’s budget which stuck to the ‘levelling up the country’ theme that has become a mantra of Chancellor Rishi Sunak. Teesside was named as one of eight new Freeports while Darlington won the battle to be the location of the new Treasury department, which will mean hundreds […] Posted by: Mark Flanagan Read more
