Development Opportunity? Prime Birmingham Abandoned Plot Eyes Revival Mar 11, 2024 In the heart of Birmingham, a once bustling shopping centre presents a prime opportunity for developers to transform the area with investment. The former Poolway Shopping Centre site, a derelict piece of land offers excellent redevelopment value. The Poolway Shopping Centre, a cornerstone of the Garrett’s Green estate, was demolished in 2018 with high hopes […] Posted by: Mya Driver Read more
Digbeth’s Smithfield Masterplan Begins with Approval of 687-home Development Oct 3, 2023 Birmingham City Council has greenlit plans by a local developer, Prosperity Group, to construct 687 homes in Digbeth. This approval comes two years post the original application submission, marking the commencement of the initial phase of the ambitious Smithfield masterplan. This new development, named “Pressworks”, is the pioneer within the Smithfield scheme to be approved. […] Posted by: Mya Driver Read more
Edgbaston Cricket Ground to Undergo Exciting Redevelopment with New Hotel and Stand Mar 20, 2024 Edgbaston Stadium, renowned for its cricketing heritage, is set to undergo a transformative redevelopment that includes the construction of a new on-site hotel and the renovation of spectator stands. The project has been kick-started with an £18 million loan from the West Midlands Combined Authority (WMCA), marking a significant step towards enhancing the facilities at […] Posted by: Mya Driver Read more
Edmond de Rothschild gets £42.25m loan for BTR scheme Jan 9, 2023 Barclays has provided Edmond de Rothschild Real Estate Investment Management with a five-year, £42.25m development loan to assist with a build to rent (BTR) scheme in Birmingham’s LGBTQ+ Quarter The Edmond de Rothschild Real Estate Investment Management has secured a five-year, £42.25m development loan from Barclays to support its construction of a 406-unit build to […] Posted by: Mya Driver Read more
Elevate secures £23.4m Paragon funding for Nottingham and Solihull new build schemes Jan 26, 2023 Paragon Bank’s Development Finance division has provided a £23.4 million funding package for two Midlands-based new build projects for Elevate Property Group. The funding includes an £11.5 million finance package for the company’s development of 60 new build apartments on Homer Road, Solihull. In addition, Paragon has provided an £11.9m funding package for the Phase […] Posted by: Mya Driver Read more
English Cities Fund and City of Wolverhampton council to enter development partnership Oct 19, 2023 The English Cities Fund (ECF), the joint venture between nationwide pacemaker, Muse, Legal & General, one of the UK’s leading financial services groups and major global investor, and Homes England, will enter a partnership with City of Wolverhampton Council to deliver development plans for the City Centre West Quarter. The partnership was approved at a […] Posted by: Mya Driver Read more
Europa Capital enters Birmingham market with acquisition of city centre Crown Works BTR development Dec 6, 2021 Europa Capital, the pan-European real estate investment manager, announces that it has entered the Birmingham market with the acquisition, through a forward funding agreement, of Crown Works, a new 203-apartment build-to-rent (“BTR”) development adjacent to the city’s central business district. Europa Capital has made the acquisition on behalf of its value-add fund, Europa Fund VI. […] Posted by: Mya Driver Read more
Fiera Real Estate looks to dispose of three warehouses in £72m deal Jun 21, 2022 A portfolio of three retail warehouses is being lined up for a £72.25m sale by owner Fiera Real Estate. Xprop has been instructed to lead the sale. It has been pitched off a net initial yield of 5.25%, although there is reversionary potential to unlock in 2024. Codenamed Project Orange, the portfolio includes three single […] Posted by: Mya Driver Read more
Final green light for £22.4 million investment into Hereford Sep 29, 2022 The StrongerHereford board has been given the go ahead to spend £22.4 million on transformational projects that’ll boost ambitions for a green, fair, and connected future. Fifteen capital projects that will bring about new skills, creative places and community connections have been formally approved by the Department of Levelling Up, Housing and Communities, meaning they […] Posted by: Mya Driver Read more
First steps taken to create 149k homes in Birmingham Oct 11, 2022 The first step on the journey to shape the planning framework that will guide development and regeneration activity in Birmingham over the next 20 years is set for approval. Members of the council’s Cabinet will be asked to approve the Birmingham Local Plan Issues and Options Document for public consultation. The document sets out how, […] Posted by: Mya Driver Read more
Folkes Properties acquire two West Midlands assets Jan 31, 2024 Folkes Properties marks a significant milestone by successfully concluding its first UK acquisition in over two decades. The company has acquired two warehouses located in the West Midlands, solidifying its strategic presence in the region. The transaction was completed for an undisclosed amount, underscoring the company’s commitment to expansion and investment in key markets. Situated […] Posted by: Mya Driver Read more
Former automotive plant in Birmingham acquired to deliver 300,000 sq ft sustainable logistics development Dec 11, 2023 A joint venture (JV) partnership has purchased a former automotive component manufacturing site in Erdington, Birmingham, to speculatively build 300,000 sq ft of Grade A urban logistics and industrial space. Developer Chancerygate, which has an office in Birmingham, and specialist sustainable and impact investor Bridges Fund Management have bought the 12-acre site. The partners intend […] Posted by: Mya Driver Read more
