Plans submitted for Crescent Innovation North Jul 14, 2023 Following a major community consultation exercise, plans have been submitted to Salford City Council by The English Cities Fund (ECF) and the University of Salford to bring forward Crescent Innovation North – a key part of the wider £2.5bn, 252-acre Crescent masterplan. The Crescent Innovation North application covers an area of approximately 29 acres and […] Posted by: Mya Driver Read more
The PG Group secures £7.4m Paragon Bank finance for Bristol apartments scheme Jul 14, 2023 Paragon Bank’s Development Finance division has provided a £7.4m finance package to support the development of 34 apartments by The PG Group in Redcross Mews, Bristol. The Redcross Mews development consists of 34 one, two and three-bedroom flats, five of which will be shared ownership. Construction is set to complete in Summer 2024. The PG […] Posted by: Mya Driver Read more
Cohort Capital £11 Million Loan for West London Life Sciences Hub Jul 14, 2023 Cohort Capital has facilitated a £11 million loan for the refinance of The Life Science Park located in Sunbury-on-Thames, West London. The park, which is housed in a Grade II-listed Victorian pump house, underwent extensive conversion and restoration in 2022. Spanning over 55,000 square feet, the park comprises high-quality laboratory space. The loan, with a […] Posted by: Mya Driver Read more
Padlock Partners UK Fund IV completes initial public offering and raises £26.4M Jul 14, 2023 Padlock Partners UK Fund IV (the “Trust”) announced today that it has completed its initial public offering of trust units (the “Offering”). Pursuant to the Offering, the Trust issued an aggregate of approximately £26.4 million of trust units, comprised of 2,541,920 Class A Units, 1,617,250 Class F Units and 209,400 Class U Units of the […] Posted by: Mya Driver Read more
Tilbury Douglas to lead construction of Garden Mills Refurbishment Project for Bradford College Jul 14, 2023 Tilbury Douglas, a leading UK building, infrastructure, engineering and fit-out business, is set to lead the construction of the Garden Mills Refurbishment Project for Bradford College, which will deliver a new higher education facility. The project to refurbish the five-storey 1900s building, will see it transformed into flexible higher education STEM training and educational facilities […] Posted by: Mya Driver Read more
Octopus Real Estate provides £36.8m loan for residential development Jul 14, 2023 Octopus Real Estate, part of Octopus Investments and a leading UK specialist real estate lender and investor, has provided a development loan of £36.8m to repurpose and extend a vacant office block into 174 private residential apartments. The loan provided to Sheen Lane Developments will finance the conversion of a vacant office block in Addlestone, […] Posted by: Mya Driver Read more
Vodafone decides to put its portfolio of data centres in London up for sale Jul 14, 2023 Vodafone Enterprise has put a portfolio of its data centre and office freeholds in central London up for sale. The Network Portfolio, consisting of six facilities covering a total area of 260,000 sq ft (24,155 sqm), is estimated to be valued at £100 million. These properties are currently leased to Vodafone Enterprise UK until April […] Posted by: Mya Driver Read more
SCREF secures planning permission for prime Bloomsbury 106,000 sq ft office repositioning Jul 14, 2023 The Schroders Capital UK Real Estate Fund (‘SCREF’) has secured planning permission to redevelop Minerva House, Fitzroy House, and Telephone Exchange, contiguous, part Grade II listed landmark office buildings on Chenies Street in Bloomsbury into a 106,736 sq ft high-quality workspace, a 37% increase on the current floor area, following the addition of two further […] Posted by: Mya Driver Read more
Trifast channels funds into a distribution center with £120m finance agreement Jul 14, 2023 Trifast, a company specializing in industrial fastenings, has secured a £120m finance deal that will facilitate the establishment of a national distribution center in the Midlands. This new financing arrangement, spearheaded by HSBC UK, is designed to foster organic growth and expansion through acquisitions, while also supporting Trifast’s aspirations for export growth. The funding, which […] Posted by: Mya Driver Read more
Specialist hotel owners and family offices lead UK hotel investment activity Jul 14, 2023 Hotel transaction volumes totalled approximately £860 million for the first six months of 2023, some 60% below investment volumes for H1-2022, demonstrating the gulf between hotel trading performance and transactional activity has never been wider, according to the latest research from leading property adviser Knight Frank. Whilst it remains challenging to successfully execute and complete […] Posted by: Mya Driver Read more
