Phoenix Group and Macquarie Asset Management Provide £58m Funding for Affordable Housing Jul 28, 2023 Phoenix Group, the UK’s largest long-term savings and retirement business, has provided a £58 million long term financing package, arranged by Macquarie Asset Management, to support a joint venture between Bromley Council and Pinnacle for the planned acquisition of more than 200 affordable homes. The financing features a 55-year inflation linked loan and will enable London’s […] Posted by: Mya Driver Read more
Frasers group boss to bid £50m for Yorkshire outlet shopping centre Jul 28, 2023 Retail tycoon Mike Ashley has proposed a nearly £50 million bid to purchase an outlet shopping centre in Yorkshire, signifying his most recent venture into the retail property sector. The billionaire, who owns Frasers Group, has made the bid for Junction 32, situated just off the M62, near Castleford. The shopping centre, spanning 250,000 square […] Posted by: Mya Driver Read more
Aberdeen brownfield development opportunity Jul 28, 2023 Shell, the oil giant, is planning to demolish its office complex located in Aberdeen’s Tullos industrial estate. The extensive campus, which includes a range of buildings constructed between 1973 and 1992, is now vacant following Shell’s move to the city centre. The buildings, deemed unsuitable for sustainable reuse due to their age, construction, and floor […] Posted by: Mya Driver Read more
Anticipated Demolition: Bridgend Council to approve town centre campus Jul 28, 2023 The Bridgend Council’s Cabinet is preparing to approve the transfer of the old Bridgend police station and Cheapside multi-story car park to Bridgend College. This move comes in anticipation of the construction of a new town centre campus. The police station has already been demolished, but the demolition of the Cheapside multi-story car park is […] Posted by: Mya Driver Read more
Hopkins Homes submits plans for 246 new homes at Beaulieu, Chelmsford Jul 28, 2023 East Anglia’s largest privately-owned housebuilder, Hopkins Homes, has submitted a reserved matters application to provide a 246-home development at Beaulieu, in Chelmsford, Essex. The development will offer a range of homes to suit all buyers, from one-bedroom apartments through to five-bedroom detached houses, along with 67 affordable homes and a small retail centre. The new […] Posted by: Mya Driver Read more
Humber Freeport launches with ambition to generate huge investment and over 7,000 jobs Jul 20, 2023 Humber Freeport has launched with a mission to drive hundreds of millions of pounds of investment and at least 7,000 new jobs. The freeport will harness the unique potential and location of the Humber to stimulate economic growth, skills development and inward investment in both established and emerging industries. Huge opportunities to build on the […] Posted by: Mya Driver Read more
New appointments to guide the next phase of delivery led by Wales’ publicly owned renewable energy developer Jul 20, 2023 The Welsh Government has appointed industry experts to its Renewable Energy Developer (RED) Programme, responsible for delivering environmental assessments for several significant renewable energy projects across Wales. The RED Programme will develop wind projects on publicly owned land, supporting the Welsh Government’s commitment to renewable generation delivering tangible benefits to Wales, leading the way in […] Posted by: Mya Driver Read more
Kuflink gets debt funding line worth £35m Jul 20, 2023 Kuflink, a peer-to-peer property lender, has secured a £35m revolving credit facility from Paragon Bank, arranged by European Risk Capital. This new funding line will provide Kuflink with strategic access to institutional capital, scalable growth, new funding options, and a significant alternative source of debt finance. Narinder Khattoare, CEO of Kuflink, stated that this facility […] Posted by: Mya Driver Read more
Padlock locks up two UK properties Jul 20, 2023 Padlock Partners UK Fund IV has announced the successful completion of its acquisition of two redevelopment properties in Edmonton and Haverhill, UK. The properties were purchased for an aggregate cost of approximately £3,737,500 and £3,450,000, respectively, not including closing costs. The funds for these purchases were sourced from the Trust’s initial public offering (“Offering”) and, […] Posted by: Mya Driver Read more
SV in good hands! Review of Social Value Conference 2023 panel: Rebel Ideas – Next Generation Jul 20, 2023 I’ve always considered myself to be a rebel, usually one without a cause or a clue. But I’ve always valued new ideas and people that are willing to go against the grain to achieve some kind of new outcome or shatter hard-boiled paradigms. So, the title of this conference “Rebel Ideas” appealed to me, particularly […] Posted by: Mya Driver Read more
