SSE submits plans for new power station in Scotland Apr 8, 2022 Developers SSE Thermal and Equinor want to deliver the proposed 910MW Peterhead Carbon Capture Power Station on the Aberdeenshire coast. In January, SSE Thermal and Equinor entered the Peterhead project into a UK Government competition which aims to support industrial clusters to decarbonise. Earlier this month, it was announced that the project will progress to full evaluation […] Posted by: Nathan Spencer Read more
Legal & General to invest over £2bn in building 10,000 new homes Apr 8, 2022 Legal & General Retirement Institutional (“LGRI”) has announced plans to invest a further £2 billion of retirement funds into affordable housing over the next five years, helping to create more than 10,000 new homes nationwide. The investment, through Legal & General’s wholly owned subsidiary, Legal & General Affordable Homes (“LGAH”), will help to tackle the […] Posted by: Nathan Spencer Read more
Pocket Living secures permission for new affordable homes in Hackney Apr 8, 2022 Innovative affordable housing developer Pocket Living has secured a unanimous resolution to grant planning permission from Hackney Council for a new residential development on Mandeville Street in Hackney, London. Representing Pocket’s third scheme within the Borough, the seven-storey development will utilise a vacant parcel of land formerly used as a health care centre, offering much-needed […] Posted by: Nathan Spencer Read more
PATRIZIA gets green light for Camden Grade A office development Apr 8, 2022 PATRIZIA AG, a leading partner for global real assets, has secured planning permission from London’s Camden Council to convert the iconic hClub building into a state-of-the-art office in the heart of Covent Garden on Endell Street. The plans will see PATRIZIA transform the former members’ club into c. 35,000 sq. ft. of Grade A office […] Posted by: Nathan Spencer Read more
Asite sign-up to exhibit at inaugural UKREiiF Apr 8, 2022 Asite has confirmed its position within the UKREiiF exhibition hall for the inaugural event this May, an event that will bring over 5,000 delegates from the world of real estate investment, property, and infrastructure together. Positioned opposite Puma Property Finance, a leading development finance provider, and Kajima Partnerships, Asite will be showcasing its world-leading cloud-based […] Posted by: Nathan Spencer Read more
Edinburgh Gateway site acquired in joint venture with more homes planned for the west of the capital Apr 8, 2022 Osborne and Moda Living to develop 15.5-acre Edinburgh site. A joint venture between the two signals the commitment of both organisations to the capital, and will deliver a new urban quarter close to transport links at the rail and tram interchange in an area which has historically been the Saica packaging factory. The development will […] Posted by: Nathan Spencer Read more
Supermarket Income REIT looks to raise £175m to fund deals Apr 8, 2022 Supermarket Income REIT said it intends to raise £175m to buy some of its near-£600mln pipeline of supermarket properties. The real estate investment trust, which invests in omnichannel supermarket properties, set the issue price for the placing at 121p per share, a 4.3% discount to the last closing price and a 7.1% premium to its last reported EPRA net […] Posted by: Nathan Spencer Read more
L&G and Oxford University set to deliver accommodation as part of £4bn partnership Apr 8, 2022 Legal & General and Oxford University are pleased to announce that they have agreed the development of Court Place Gardens, an estate containing new postgraduate homes specifically designed for families, as part of Legal & General and Oxford University’s £4bn partnership. The development of Court Place Gardens, in Iffley, Oxfordshire, is the first residential site […] Posted by: Nathan Spencer Read more
Octopus Real Estate completes £9m loan on historic Grade II Listed property Apr 8, 2022 Octopus Real Estate, part of Octopus Group and a leading UK specialist real estate lender and investor, has provided a £9m loan on the redevelopment of a Grade II Listed building in Northampton town centre. The development loan – which has a 24-month term – will finance the creation of 89 new homes; 17 studio […] Posted by: Nathan Spencer Read more
Border to Coast launches £4bn Private Markets programme with Climate Opportunties offering Apr 8, 2022 Border to Coast Pensions Partnership (“Border to Coast”) has launched its second Private Markets programme (“Series 2”) with £4bn of commitments from its Partner Funds, bringing total commitments in the programme to date to £10bn. The first tranche of Series 2 commitments will be invested over the next year in infrastructure (£1.03bn), private equity […] Posted by: Nathan Spencer Read more
