Martin’s Properties ‘still have £65m of cash to invest’ after buying retail and shed portfolio for £23.1m Sep 27, 2022 London real estate company Martin’s Properties has snapped up a portfolio of four assets comprising a combined 130,000 sq ft in the South East for £23.1m. The four freehold assets, spanning 10 acres, include a Wickes retail warehouse in St Albans, Andover Retail Park in central Winchester and Speedfield Retail Park in Fareham, plus a […] Posted by: Nathan Spencer Read more
£15 Million funding pilot for SME’s in the North-East Sep 27, 2022 The Tees Valley has been chosen as one of just two locations to pilot a new initiative to build on local innovation strengths – with an initial £15million investment available to support businesses. Part of UK Research and Innovation, Innovate UK’s Launchpad pilot will invite small and medium enterprises (SMEs) to apply for competitive grants […] Posted by: Nathan Spencer Read more
£155m Wigan development approved Sep 26, 2022 Plans to create a new £155m community in Wigan with a mix of homes including affordable housing, parklands, a transport hub and 200 new jobs have been approved. The site will be built on greenbelt land. Wigan Borough Council has given its second green light to Peel L&P’s masterplan at Mosley Common to proceed. Peel […] Posted by: Nathan Spencer Read more
Investec provides £11m loan to Meadow Partners for King’s Cross acquisition Sep 26, 2022 Investec Real Estate (“Investec”) announces that it has provided Meadow Partners (“Meadow”), an institutional middle-market real estate investor, with a 36-month, £11.2 million senior loan, to support its acquisition of a prime mixed-use building on highly sought-after Northdown Street in King’s Cross, London. Designed and developed in 2007 by renowned architect Squire & Partners, the […] Posted by: Nathan Spencer Read more
Former Manston Airport’s £500m redevelopment approved by DfT Sep 26, 2022 Riveroak Strategic Partners (RSP) has gained approval from the Department for Transport to move forward their bid to transform the former Manston Airport into a carbon net zero freight and passenger hub. The scheme will see the creation of new import/export facilities and an upgraded passenger terminal – in addition to key infrastructure improvements to […] Posted by: Nathan Spencer Read more
Former Newcastle Brown Ale brewery site acquired for leisure development Sep 26, 2022 The owner of the UK’s largest shopping centre – the MetroCentre in the North East – has acquires a 13-acre site adjacent to the shopping centre which they’re aiming to transform into a leisure attraction. The former Federation Brewery site, which used to brew Newcastle Brown Ale, has been acquired by ‘The MetroCentre Partnership’ – […] Posted by: Nathan Spencer Read more
Northstone submits plans for 74-sustainable homes in Lancaster Sep 26, 2022 Detailed plans for 74 sustainable new homes in South Lancaster have been submitted by North West-based homebuilder Northstone. Development of the land to the west of Scotforth Road (A6) was previously given the green light by Lancaster City Council in April 2021. The Northstone team has now submitted a reserved matters application – confirming the […] Posted by: Nathan Spencer Read more
Fiera Real Estate and Wrenbridge acquire 2.3-acre site for Grade A industrial scheme Sep 26, 2022 Fiera Real Estate (“FRE UK”) and Wrenbridge are pleased to announce the acquisition of a 2.3-acre site in Hemel Hempstead. The business plan is to obtain planning and speculatively develop a new 52,000 sq.ft Grade A industrial warehouse development with a GDV of £22m. The site was purchased through the Fiera Real Estate Logistics Development […] Posted by: Nathan Spencer Read more
Present Made receives approval for £160m Cambridge scheme Sep 26, 2022 Present Made, the UK’s first purpose-built and designed single-family rental housing platform, has secured planning committee approval for its debut development. Located in Eddington, Cambridge, the £160m GDV scheme has been designed by award-winning practice Jo Cowen Architects and will form a key part of the University of Cambridge’s North West Cambridge masterplan. The homes […] Posted by: Nathan Spencer Read more
Silbury Finance provides £74m loan to North Star for York residential scheme Sep 21, 2022 Silbury Finance (“Silbury”), the Oaktree Capital Management-backed development lender, has provided a £73.8 million senior debt facility to North Star Investment Management (“North Star”), Yorkshire’s premier creative property asset management company, to fund the development of a residential-for-sale scheme in York. The 30-month, 73% LTGDV facility is the largest loan Silbury has originated to date. […] Posted by: Nathan Spencer Read more
