Built Environment Networking Blog: Commercial News

£150m Wolverhampton scheme gets green light

Wavensmere Homes has received planning approval from City of Wolverhampton Council for its £150m residential-led Canalside South development. The 17.5-acre former industrial site is located within the city centre – moments from the transport interchange – and benefits from frontage onto the Wyrley & Essington Canal and the Wolverhampton Branch of the Birmingham Main Line […]

Posted by: Deividas Krupstas

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£200m Crosstree and Bloom Joint Venture launched

Crosstree Real Estate Partners has officially expanded into the industrial and logistics real estate sector through a new £200 million joint venture with Bloom. This marks Crosstree’s debut in the growing logistics market, a sector that continues to thrive amidst strong investor demand. The partnership will focus on identifying industrial real estate opportunities across the […]

Posted by: Deividas Krupstas

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£22 million funding for Hilton Hotel renovation

Arc & Co, a specialized debt advisor, has successfully obtained a £22 million facility from OakNorth Bank to finance renovation projects for the Hampton by Hilton hotel situated at Edinburgh Airport. The senior commercial loan, with a duration of three years, is secured against the hotel itself and operates on an interest-only basis.Ability Hotels, the […]

Posted by: Mya Driver

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£300m development portfolio – Aitch Group diversify in challenging market with new land sought

In 2022, property developer Aitch Group spend £70 million on land across four London boroughs including Brent, Waltham Forest, Greenwich and Southwark. This added a further £300 million (GDV) to the Aitch Group development portfolio. With immediate funds available, Aitch Group are now seeking more land for development in 2023 and onwards – specifically sites […]

Posted by: Mya Driver

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£80million Telford Station Quarter scheme to be showcased at UKREiiF

An £80million scheme to transform the heart of Telford is to be showcased at a major national development and investment event. Telford & Wrekin Council’s ambitious scheme to create a vibrant new residential, educational and business community in the heart of Telford – including an academic campus focused on digital skills and enterprise – will […]

Posted by: David Gilbank

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Apatura secures planning consent for the largest standalone Battery Energy Storage System awarded in Scotland

New site at Port Glasgow will deliver grid scale battery energy storage driving its renewable energy ambitions in Scotland Renewable energy storage specialist Apatura has secured planning permission for a major new Battery Energy Storage System (BESS) in Port Glasgow, Inverclyde with a capacity of 700 megawatts (MW).  This is the largest planning consent for […]

Posted by: Mya Driver

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Ashby Capital Secures £50m Refinancing Deal for Two Retail Parks

In a significant financial move, Ashby Capital has successfully refinanced two of its prominent retail parks, Morta and Westside, in a £50m deal with Deutsche Hypo. Westside Retail Park, located in Guiseley, West Yorkshire, hosts 13 tenants, including major retailers like TK Maxx, Sports Direct, and Halfords. Acquired from British Land in 2019, the park […]

Posted by: Mya Driver

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B8re advises on £18m+ sale of modern distribution unit

Acting on behalf of a UK Pension Fund client, industrial property consultancy, B8RE has completed the disposal of a modern single let logistics warehouse in Ellesmere Port, in a deal worth close to £18.5million. The state-of-the-art 210,000 sq ft facility is let to Honeywell, which is the company’s sole distribution hub in the UK and […]

Posted by: Deividas Krupstas

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