L&Q Estates and Persimmon Homes complete agreement to deliver 1,000 new homes in Banbury Mar 6, 2023 L&Q Estates and Persimmon Homes have completed an agreement to begin work on 1,000 homes in Banbury. Work began this week on new £20 million community facilities, a primary school and road as part of the community at Wykham Park Farm, off Bloxham Road to the south of the town. Warwick-based L&Q Estates has already […] Posted by: Mya Driver Read more
The Pioneer launches in Newcastle Mar 6, 2023 Proposals for The Pioneer, a 100,000 sq ft landmark office development within the emerging Stephenson Quarter next to Newcastle Central Station, have been launched. Designed by AHMM for Stephenson Works LLP, a joint venture between Newcastle City Council and PfP igloo, The Pioneer will be located on the site of George and Robert Stephenson’s first […] Posted by: Mya Driver Read more
REIT plc’s resilient portfolio providing secure, inflation-linked long-term income Mar 6, 2023 The Board of Directors of Alternative Income REIT plc (ticker: AIRE), the owner of a diversified portfolio of UK commercial property assets predominantly let on long leases with index-linked rent reviews, is pleased to announce its interim report and financial statements for the half year ended 31 December 2022. Simon Bennett, Non-Executive Chairman of Alternative […] Posted by: Mya Driver Read more
Planning permission granted for 518 new homes in Manchester Mar 6, 2023 Renaker have been granted full planning permission for Parkside, a 41-storey tower that will provide 518 high-quality new homes. It will be the third tower, alongside Bankside and Cortland, and complete the Colliers Yard neighbourhood, located within Greengate. Colliers Yard will comprise of three carefully curated towers ranging from 41-51 storeys high, each housing a mix […] Posted by: Mya Driver Read more
£150m long-term loan facility and £60m extension signed term sheet on wider refinancing Mar 6, 2023 The Board of LXi REIT plc (ticker: LXI), the specialist inflation-protected very long income REIT, is pleased to announce that it has completed the first stage of its ongoing refinancing with a new, £150 million 16-year, interest-only term loan signed with a leading insurance company (“New Facility”), a new lender to the Group, and an […] Posted by: Mya Driver Read more
LondonMetric sells £34m of long income assets Mar 6, 2023 LondonMetric Property Plc (“LondonMetric”) announces the sale of seven long income assets for £33.9 million (LondonMetric share: £29.6 million), reflecting a blended NIY of 4.5% and crystallising a blended ungeared IRR of 10% and a 28% profit on cost. The assets, which generate £1.4 million p.a. of rent, are fully let with a WAULT of […] Posted by: Mya Driver Read more
Cycle to UKREiiF returns for 2023 Mar 6, 2023 Following on from the success of its inaugural event in 2022, Club Peloton has announced that Cycle to UKREiiF will be back for 2023. The 100km cycle will depart from Harrogate on Tuesday 16th May and arrive later that day at the UK’s Real Estate Investment & Infrastructure Forum (UKREiiF), which is set to take place between 16-18 May in […] Posted by: Mya Driver Read more
Our landmark cultural heart plans given green light Mar 6, 2023 Proposals for our £210m Cultural Heart development, which is set to transform the heart of Huddersfield town centre, were approved by the Local Planning Authority today. With approval now secured, construction of the first phase of the scheme is set to get underway in Spring 2024. Initial works will concentrate on the major refurbishments of […] Posted by: Mya Driver Read more
New Fund Launched to give Warwickshire Economy a £40 Million Boost Mar 6, 2023 Businesses looking to grow in, or relocate to, Warwickshire now have access to £40m of financial support as the latest pillar of a major economy-boosting initiative goes live. The Property and Infrastructure Fund is the third and final strand of the Warwickshire Recovery and Investment Fund. This major £100m initiative was launched to provide access […] Posted by: Mya Driver Read more
Placefirst’s £21m BTR scheme in Halifax town centre approved Mar 6, 2023 Leading and award-winning build-to-rent provider Placefirst has secured planning permission for its £21m BTR scheme in Halifax town centre. The development will transform the site of the former multi-storey car park into 122 high-quality sustainable homes, a mixture of one and two-bedroom apartments, built specifically for private rent at Cow Green. Designed in partnership with JM Architects, the […] Posted by: Mya Driver Read more
