Crest Nicholson secures planning for 109-new homes Nov 1, 2024 Leading house builder Crest Nicholson has secured planning permission for 109 new homes in Stratford-upon-Avon, Warwickshire, marking the next phase of the wider Meon Vale development site. As part of the wider scheme, Crest Nicholson will bring a mix of two, three, four and five bedroom homes, each featuring PV solar panels and Electric Vehicle […] Posted by: Mya Driver Read more
Custodian Property Income REIT sells office unit at 33% premium to valuation Oct 31, 2024 Custodian Property Income REIT (LSE: CREI), which seeks to deliver a strong income return by investing in a diversified portfolio of smaller regional properties across the UK, is pleased to announce the disposal of a vacant office unit in Solihull for £1.4m, representing a 33% premium to the 30 June 2024 valuation. Commenting on the […] Posted by: Mya Driver Read more
Cynergy Bank Backs Care Home Development with £8.3m Loan Sep 1, 2023 In a recent demonstration of its commitment to the care home industry, Cynergy Bank has approved an £8.3 million loan for the construction of a new care home in Halesowen, Birmingham. This move is in line with the bank’s established history of supporting the care home sector. The loan, granted to Country Court Care Group, […] Posted by: Mya Driver Read more
Czech-Based P3 Logistic Parks Makes UK Debut with Acquisition of Two Midlands Assets Jul 31, 2023 P3 Logistic Parks, a leading investor, manager, and developer of warehouse properties based in the Czech Republic, has made its debut in the UK market through the purchase of two logistics assets from Segro. These acquisitions, located in the Midlands, total approximately 872,000 sq ft of space. The first asset, situated in Crick, offers around […] Posted by: Mya Driver Read more
David Wilson Homes secured land for 500 homes in Coventry Sep 16, 2024 Henry Boot has announced that its land promotion and planning business, Hallam Land (Hallam), has completed the sale of 491 residential plots at Pickford Gate, Coventry to the David Wilson Homes division of national housebuilder Barratt Developments. The sale resulted in an ungeared internal rate of return of 19.4% p.a., with payment phased over 2024 […] Posted by: Deividas Krupstas Read more
Dellner Building Secured in £2.9 Million Deal in Burton on Trent Aug 30, 2023 Savills has successfully facilitated the sale of the Dellner building on Wellington Road, Burton on Trent, Staffordshire. The property was acquired by a private investor for £2.9 million, reflecting an initial annual yield of 6.5%. The facility, encompassing 32,365 sq ft with an additional 3,000 sq ft of two-storey office space, sits on a 1.91-acre […] Posted by: Mya Driver Read more
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
