Weston Homes given planning go-ahead for new Anglia Square proposals May 4, 2023 Weston Homes has gained a Resolution to Grant Planning Permission for their new hybrid (part full/part outline) planning application made to Norwich City Council for the redevelopment of the 4.65 hectare (11.5 acre) Anglia Square site in Norwich, which will deliver a scheme of up to 1,100 new homes ranging across buildings from 3 to 8 storeys, which are designed […] Posted by: Mya Driver Read more
Strong tenant demand delivers 4.8% p.a. growth in passing rents May 4, 2023 Industrials REIT, the UK multi-let industrial (“MLI”) property company, today publishes a trading update on its MLI portfolio for the period 1 January 2023 to 31 March 2023 and up-to-date rent collection across the Company’s whole portfolio. Commenting on the trading update Paul Arenson, CEO of Industrials REIT, said: “Our final trading update of the financial year has […] Posted by: Mya Driver Read more
Canada Life Asset Management completes £148m debt financing to LXi REIT May 4, 2023 Canada Life Asset Management has today announced that it has completed a £148 million loan to LXi REIT plc. The loan will refinance a mixed-use, UK regional portfolio of commercial property assets, typically let on inflation-linked, long-term leases, providing a diversified, secure income profile, on behalf of Canada Life’s annuity business. The loan has been […] Posted by: Mya Driver Read more
CrowdProperty aecures UK bank as latest lending partner May 4, 2023 Having announced British Business Investments as a lending partner last week, CrowdProperty is pleased to report a new institutional funding partnership, with this latest partner now active and participating in CrowdProperty’s residential development finance facilities. The partnership is with a UK bank, who has joined as a lending partner in CrowdProperty’s institutional fractionalisation model – […] Posted by: Mya Driver Read more
Evolve Estates acquires dominant Aberystwyth retail park May 4, 2023 Evolve Estates, the national property management and investment company that is part of M Core, has acquired an out-of-town retail park in Aberystwyth – its 16th retail acquisition of 2023. Parc-Y-Llyn Retail Park has joined its rapidly growing retail portfolio after it was acquired for an undisclosed sum. Comprising six units over 87,916 sq ft, tenants […] Posted by: Mya Driver Read more
Coming soon to Suffolk: Crest Nicholson to launch new Aspen Grange development in Stowmarket May 4, 2023 Local housebuilder Crest Nicholson has recently achieved detailed planning consent and purchased 23 acres of land off Stowupland Road, Stowmarket. Preparations to launch the traditional mix of 258 new homes at Aspen Grange are now progressing with an anticipated launch in late summer 2023. Aspen Grange will comprise of two to five-bedroom properties, providing a […] Posted by: Mya Driver Read more
Education institutions rapidly expand London footprint May 4, 2023 Tertiary education institutions have been expanding their London footprints at an unprecedented pace over the past year in response to growing student numbers and the need for reconfigured campus models, according to Knight Frank. This has seen a flurry of leasing activity involving both private and public education groups for commercial office buildings with strong […] Posted by: Mya Driver Read more
Clowes Developments begin work on site at Viking Way, Congleton May 3, 2023 Clowes purchased the site and soon after obtained outline planning consent from Cheshire East Council for the brand-new mixed-use development known as Viking Park in 2021. The development will comprise of up to 175 homes, a 20,500 sq ft supermarket, as well as 36,800 sq ft of offices and 219,500 sq ft of industrial. Clowes […] Posted by: Mya Driver Read more
Suppliers named for Pagabo’s £1bn refit and refurbishment framework May 3, 2023 In the latest of several framework announcements, leading procurement provider Pagabo has today (3 May) revealed the 93 suppliers appointed to its £1 billion refit and refurbishment framework, which goes live today. This is the second iteration of the refit and refurbishment framework, including Overbury, Morris & Spottiswood and Lindum. Meanwhile, new suppliers include the […] Posted by: Mya Driver Read more
Greystar acquires site for a student accommodation scheme in Wembley Park May 2, 2023 Greystar Real Estate Partners, LLC (“Greystar”), a global leader in the investment, development, and management of high-quality real estate, including rental housing, logistics, and life sciences, has acquired a site at Wembley Park from Quintain on behalf of its pan-European residential fund GEPE I for an undisclosed sum. Greystar will build a 20-storey purpose-built student […] Posted by: Mya Driver Read more
