AEW UK REIT Acquires of two high yielding retail assets for £13m Dec 1, 2022 AEW UK REIT plc is pleased to announce that it has unconditionally exchanged on the purchase of a 67,020 sq ft mixed-use block located in Bath city centre at a price of £13,000,000, reflecting a low capital value of £194 per sq ft and an attractive net initial yield of 8.5%. Completion of the asset purchase is expected later this week. The […] Posted by: Mya Driver Read more
Aldermore provides £6.4m to Saxon Square Christchurch Jul 27, 2022 Aldermore has provided Saxon Square Christchurch with a £6.4m commercial mortgage, refinancing their key multi-let retail and hotel centre from a high street lender. The shopping centre offers the only pedestrianised retail zone in the coastal town of Christchurch, located near the New Forest, Hampshire. Saxon Square sits behind Christchurch’s Mayor’s Parlour building and in […] Posted by: Mya Driver Read more
Aldermore provides Real Estate Investment Group 1 with seven figure loan Apr 21, 2022 Aldermore has provided Real Estate Investment Group 1 Limited with a seven figure facility, to enable them to further grow their commercial property portfolio in Yorkshire. This is the fourth time that Aldermore has supported the company with the purchase of a commercial investment property in the last 12 months. The new loan will be […] Posted by: Mya Driver Read more
Ashington’s Town Centre Regeneration Gains Momentum with Key Site Acquisitions Jan 16, 2024 The Council is poised to bolster the ongoing £30 million regeneration of Ashington, with plans to acquire two pivotal town-centre sites. The move to purchase properties at Wansbeck Square and 2-4 Woodhorn Road, known as ‘Grand Corner’, for just over £1.5 million, is a strategic step in the town’s revitalisation efforts. This acquisition, recommended to […] Posted by: Mya Driver Read more
Caddick submits plans for 2m sq ft Leeds city centre extension Jul 12, 2022 Plans have been submitted for a landmark new development in Leeds, which would create a vibrant community of new homes, offices, retail, leisure and community uses, as well as extensive green public open space within the emerging South Bank neighbourhood. The proposals, brought forward by Caddick Developments, the Yorkshire based developer behind a number of […] Posted by: Mya Driver Read more
Developer announced for 750 homes in Manchester’s Lumina Village Dec 13, 2021 The JV between Bruntwood and Trafford Council has selected Glenbrook to deliver the housing element of their £210m Lumina Village scheme. The 12-acre site is being redeveloped to include 750 houses, 200,000 sq ft of commercial and office space, a primary school, hotel and more. Andrea George, Regional Director at Bruntwood Works, said: “In Glenbrook […] Posted by: Mya Driver Read more
Development Opportunity? Blackburn’s £250 Million Masterplan Feb 6, 2024 In a substantial shift towards urban renewal, Blackburn is on the brink of a transformative phase with the unveiling of a £250 million masterplan. This significant redevelopment is part of the ambitious Blackburn Town Centre Masterplan, which was introduced in December 2021 to revitalise the heart of the town. The scheme is not just about […] Posted by: Mya Driver Read more
Ellandi Achieves B Corp Accreditation and Now Releases Its First Annual Impact Report Sep 22, 2023 Following its recent achievement of B Corp accreditation, a significant milestone after 18 months of dedicated effort, Ellandi has now unveiled its first annual impact report. “Becoming a B Corp not only means holding ourselves accountable to the highest governance standards and looking to increase our impact with everything we do, but it also means […] Posted by: Mya Driver Read more
Federated Hermes swoops for Nottingham retail site Jan 26, 2022 Federated Hermes has acquired a 85,387 sq ft retail site in Nottingham city centre in a £21.65m deal. The 1.4-acre site previously belonged to Abrdn. The deal was completed through Knight Frank and Jackson Criss. The property, which lets to occupiers such as Tesco, Primark, Greggs and Tui, is situated at 4-13 Long Row and […] Posted by: Mya Driver Read more
Helmsley Group acquires prime York city centre building Jul 28, 2022 Property investment and development specialist Helmsley Group has purchased 2 Lendal, a Grade II listed detached building in central York, on behalf of its investor network. Currently home to two restaurants including national Italian restaurant chain Zizzi, and Nola, an independent restaurant serving Creole-influenced dishes, the building was purchased from a private investor for an undisclosed sum. Both Zizzi […] Posted by: Mya Driver Read more
Helmsley Group continues York acquisition spree Nov 16, 2022 A set of prominent buildings in York city centre have been bought by property investment and development specialist Helmsley Group. Helmsley has acquired the adjoining 1 Feasegate and 1-2 St Sampson’s Square, which are let to leading footwear and clothing retailer Size?. The buildings, which were acquired for an undisclosed sum from a major UK […] Posted by: Mya Driver Read more
Henley Investment Management Ltd announces plans to redevelop Regent Retail Park Feb 27, 2023 Members of the public are being invited to have their say on exciting plans to transform Regent Retail Park into Regent Park: Salford’s new neighbourhood. Henley acquired the retail park, which sits on the border of Salford and Manchester, in October 2020 and recognised that regeneration is needed to ensure the site continues to meet […] Posted by: Mya Driver Read more
