Major housebuilder Bellway targets £1.2bn profits Oct 28, 2021 Bellway is expecting to generate around £1.25bn in cumulative underlying pre-tax profit over the next two financial years. The returns will spell a bonanza for shareholders with one third of the cash distributed in dividends. The target came as Britain’s fourth largest house builder posted a strong set of results for the year to July […] Posted by: Nathan Spencer Read more
Newly formed Life Sciences REIT to raise £300m in IPO Oct 28, 2021 A new real estate investment trust (REIT) focused on the life science laboratories is looking to raise £300m in an initial public offering (IPO). Life Science REIT has announced its intention to launch on the Alternative Investment Market (AIM) of the London Stock Exchange through a placing, offer for subscription and intermediaries offer targeting the issue of 300 million ordinary […] Posted by: Nathan Spencer Read more
Vision unveiled for £150m Manchester tower Oct 28, 2021 Following the completion of a comprehensive repositioning strategy for the former CIS Tower in Manchester city centre, Castlebrooke Investments has launched Society. The launch marks a new era for an iconic building and represents a re-imagining of Manchester’s first ever skyscraper. Society has been repurposed to deliver the best working environment in the city to […] Posted by: Nathan Spencer Read more
Bill Gates and UK Government launch £400m partnership to boost green investment Oct 28, 2021 The strategic partnership with the Breakthrough Energy Catalyst will mobilise £200 million of private sector funding over 10 years. Today Prime Minister Boris Johnson and Bill Gates announced a new partnership between Breakthrough Energy Catalyst and the UK Government to drive investment into the next generation of ground-breaking clean energy technologies. Announced at the Global […] Posted by: Nathan Spencer Read more
Octopus Real Estate complete £10m loan on prime 327-unit site in central Manchester Oct 28, 2021 Octopus Real Estate, part of Octopus Group and a leading UK specialist real estate lender and investor, has completed a £10 million loan secured on a prime development site with planning consent for a 327-unit apartment block, in central Manchester. The lender provided both the asset loan and a VAT loan for the acquisition. The […] Posted by: Nathan Spencer Read more
Willmott Dixon chosen for £14.5m Luton & Dunstable University Hospital extension and refurbishment Oct 26, 2021 Willmott Dixon has been selected by Bedfordshire Hospitals NHS Foundation Trust to deliver a £14.5m extension and refurbishment of the Luton and Dunstable University Hospital’s Emergency Department, which includes creating a new main entrance into the hospital. Procured using the SCAPE framework, it will provide a new CT scanning department, a new drop off area […] Posted by: Nathan Spencer Read more
St George and SEGRO enter JV to deliver their first UK multi-storey industrial development in London Oct 19, 2021 St George, a leading mixed use developer in London and member of the Berkeley Group, and SEGRO, the leading owner and developer of warehouse space, have formed a 50:50 joint venture to bring forward their first urban multi-storey industrial development in the UK as part of a major mixed use neighbourhood at Grand Union being […] Posted by: Nathan Spencer Read more
Ballymore submits application for London mixed-use development in the Royal Docks Oct 19, 2021 Ballymore, the international property developer, has submitted a planning application for its latest major mixed-use quarter, UNEX-Thames Road Industrial Estate, on the riverfront in London’s Royal Docks, the company’s third scheme along this stretch of south-facing riverfront. The plans for the 6.1-ha site envisage the creation of up to 1,610 new homes, including three-storey townhouses, […] Posted by: Nathan Spencer Read more
Europa Capital grows UK BTR residential platform with acquisition in Manchester Oct 19, 2021 Europa Capital, the pan-European real estate investment manager, announces that it has entered into a forward funding agreement to acquire a new build-to-rent (“BTR”) residential development, in Manchester’s New Cross district, from experienced housing developer Mulbury. Europa Capital has made the acquisition on behalf of its latest value add fund, Europa Fund VI, as it […] Posted by: Nathan Spencer Read more
AXA IM Alts to kickstart Bristol office development Oct 19, 2021 AXA IM Alts, a global leader in alternative investments with c. €163 billion of assets under management, has begun construction of building 121,000 sq ft of new offices at its prime harbourside Assembly Bristol city centre development, having completed the sale of the first phase of the project to LCN Capital Partners. Work on site […] Posted by: Nathan Spencer Read more
