£1.9bn Smithfield Birmingham project plans submitted Jan 26, 2023 Plans for the £1.9bn Smithfield Birmingham regeneration project have been submitted. The development of residential, commercial and leisure facilities is set to create thousands of jobs. Birmingham City Council appointed Lendlease, an international real estate and investment group to prepare the hybrid proposals. Permission has been sought for approximately 3,000 residential units, along with 274,000 […] Posted by: Mya Driver Read more
£2.5m backing for new Brighton open water swimming centre Nov 23, 2022 A new open air swimming centre with a host of facilities is due to open on East Brighton’s seafront in Spring 2023, with the backing of a £2.5m loan. Set on the site of the former Peter Pan playground on Madeira Drive in East Brighton, the Sea Lanes development will feature a 50m heated outdoor […] Posted by: Mya Driver Read more
£200M Bristol ‘Sporting Quarter’ and new housing to get greenlight Sep 28, 2022 Proposals to build a 3,600-seater sports arena and convention centre next to Ashton Gate Stadium, along with 510 new homes nearby, look likely to get the greenlight next week after receiving the backing of Mayor Marvin Rees and city council planners. The £200 million Ashton Gate Sporting Quarter will consist of a sports and convention […] Posted by: Mya Driver Read more
£25m Deal Seals New Ownership for Leicester’s Meridian Leisure Park Jan 3, 2024 Meridian Leisure Park in Leicester has been acquired by Greenridge Opportunities LP from Legal & General Investment Management (LGIM) for £25 million. The transaction, reflecting a yield of 8.50%, was facilitated in an off-market deal with Montagu Evans advising LGIM and Savills representing Greenridge. Located in a strategic position southwest of Leicester City Centre and […] Posted by: Mya Driver Read more
£350m Blackpool Talbot Gateway regeneration progresses with release of new retail units Jul 7, 2023 Over 5,000 sq ft of retail space has been released as part of Blackpool Council’s £350m Talbot Gateway development. The units sit at the ground level of the 144-bedroom Holiday Inn hotel and surround the new tram terminal. The development includes a new underpass connecting passengers from Blackpool North train station with the new tramway […] Posted by: Mya Driver Read more
29 UK Holiday Parks Up for Sale after RoyaleLife Group’s Administration Oct 4, 2023 Following the financial downfall of RoyaleLife Group earlier this year, administrators are now actively looking for potential buyers for a portfolio of 29 residential caravan parks and related properties. Owned by billionaire Robert Bull, RoyaleLife faced administrative challenges this summer. Paul Davies, Sandra Mundy, and Tom Russell, from James Cowper Kreston, have taken on the […] Posted by: Mya Driver Read more
A £250 million water park to be built in Manchester Sep 26, 2022 The UK’s ‘first city-based wellbeing resort’, a £250 million water park boasting thermal bathing and botanical gardens is set to launch in the city’s Trafford Centre. The park, called Therme Manchester, will be the size of 19 football pitches (around 28 acres), and will feature an ‘immersive experience’, with ‘digital art, an on-site urban farm […] Posted by: Mya Driver Read more
Aareal Bank Backs Starwood Capital with Financing for Premier London Hotel Portfolio Feb 9, 2024 Aareal Bank has provided financing for the acquisition of a premier collection of ten hotels in London by a controlled affiliate of Starwood Capital Group. The portfolio, featuring 2,053 rooms across the capital and operating under the Radisson Blu brand, marks a notable expansion for Starwood Capital in the European hospitality sector. The transaction, which […] Posted by: Mya Driver Read more
Admiral Taverns acquires 18 pubs from Marston’s PLC Sep 10, 2024 The Board of Admiral Taverns (“Admiral”), the UK’s leading community pub group owned by real estate private equity firm Proprium Capital Partners, is pleased to announce that it has reached an agreement to acquire a portfolio of 18 freehold pubs from Marston’s PLC (“Marston’s”). The portfolio of 18 high-quality wet-led establishments spans the UK, located […] Posted by: Deividas Krupstas Read more
Admiral Taverns picks up NewRiver’s pubs in £222m deal Jul 27, 2021 Retail and leisure property investor NewRiver is selling its Hawthorn Leisure community pub business to pub company Admiral Taverns for approximately £222.3m. Admiral boss Chris Jowsey said it was an “exciting” time for the pub brand, despite hospitality’s struggles during the Covid-19 pandemic. The portfolio comprises 674 leased, tenanted and operator-managed community pubs across England, […] Posted by: Nathan Spencer Read more
AIRE Secures Streatham Virgin Active Club in £5.1 Million Deal Dec 19, 2023 Alternative Income REIT PLC (AIRE), known for its diversified UK commercial property assets, recently announced the acquisition of the Virgin Active leisure club in Streatham, South-West London. The purchase, amounting to £5.1 million, represents a net initial yield of 9.8% and offers a cost advantage compared to building anew. This strategic move utilises the bulk […] Posted by: Mya Driver Read more
Animate gets green light for next phase Oct 21, 2022 Animate, a multi-million pound leisure and entertainment complex at the heart of Preston’s city centre, has been given the green light by Preston City Council to move to the next key stage of development. The scheme is being funded by the City Council, with support from the Towns Fund and the City Deal and will […] Posted by: Mya Driver Read more
