BP to invest £50m in new global battery R&D centre Aug 19, 2022 BP today unveiled plans to invest up to £50 million (around $60 million) in a new, state-of-the-art electric vehicle (EV) battery testing centre and analytical laboratory in the UK. BP has previously announced its intention to invest up to £18 billion in the UK’s energy system by the end of 2030; this additional new investment […] Posted by: Nathan Spencer Read more
Select Property get approval for £154m Manchester tower Aug 19, 2022 Select Property Group has received approval for a 33-storey residential apartment project in Manchester – having revised plans which initially got rejected. The initial plans for 34-storeys had been rejected for being too high initially, but the project has now been approved and the project will see 481 new flats being developed. Reducing the storey […] Posted by: Nathan Spencer Read more
Silbury Finance provides £100m of funding for two residential-led schemes Aug 19, 2022 Silbury Finance, the Oaktree Capital Management-backed development lender, has completed two senior development facilities, totalling £96.5 million, to fund the delivery of residential-for-sale schemes on the Old Kent Road, SE15, and in Reading. Silbury has provided Avanton, the London property developer, with a £68 million stretch facility. It will fund the redevelopment of the former […] Posted by: Nathan Spencer Read more
Northumberland Estates disposes of Quorum Retail Parade Aug 19, 2022 Avison Young acting on behalf of a private investor has secured the purchase of the ground floor retail parade at Dukes Walk, Quorum Business Park, Newcastle from Northumberland Estates Ltd. The fully let retail parade extends to 9,892sq ft and comprises five multi let units occupied by local and national covenants, including Greggs PLC, Bento […] Posted by: Nathan Spencer Read more
Plans for landmark York and North Yorkshire devolution deal revealed Aug 19, 2022 Long-awaited proposals for a landmark devolution deal to hand over key decision-making powers while bringing hundreds of millions of pounds of investment to York and North Yorkshire have been unveiled. The proposed 30 year devolution agreement would deliver funding for key policies and strategies, providing better roads and public transport, improving education and job opportunities, […] Posted by: Nathan Spencer Read more
£27m low-carbon energy investment announced for London Borough homes Aug 19, 2022 More than 10,000 Haringey homes in the east of the borough will receive low-carbon, sustainable energy after the council was awarded £27.8m funding The Tottenham Hale and Broadwater Farm District Energy Network (DEN) and the Wood Green DEN will help support Haringey’s goal of becoming net zero carbon by 2041, as well as deliver ambitious […] Posted by: Nathan Spencer Read more
Angle Property to promote 6-acre site for 70,000 sq ft industrial scheme Aug 19, 2022 Angle Property is pleased to announce it has completed a promotion agreement with the Farley Farms Partnership to promote a 6-acre site adjacent to the Bridge Farm Estate in Arborfield for a new 70,000 sq ft industrial scheme. The site was previously used as the site compound during construction of the new Arborfield Relief Road […] Posted by: Nathan Spencer Read more
Warehouse REIT secures 1m sq ft planning consent for latest scheme Aug 19, 2022 Warehouse REIT, a specialist urban and ‘last-mile’ industrial warehouse investor, has secured a resolution to grant outline planning permission from Cheshire East Council for a further 1,020,000 sq ft of warehousing at its flagship logistics park development at Radway Green. The final phase of the scheme will see the Company develop five units ranging from […] Posted by: Nathan Spencer Read more
KanAm Grund Group move step forward in first London redevelopment project Aug 19, 2022 KanAm Grund Group has secured a resolution to grant planning consent from the City of London for its first redevelopment project, “Princes Court” in London. The original 1960s building is located at 7 Princes Street, EC2, in the heart of the City’s financial district. Located directly opposite the Bank of England, and next to the […] Posted by: Nathan Spencer Read more
NFU Mutual desposes industrial portfolio to Barings in £234m deal Aug 19, 2022 NFU Mutual has agreed to dispose of 8 logistics assets in a £234m deal with Barings. In total it covers 1,477,431 sq ft of space – with assets in the Midlands, South West, South East and North West. Fully let, the tenant base is diversified, with the likes of e-commerce, manufacturing and freight brands taking […] Posted by: Nathan Spencer Read more
