Investec provides £29m development loan for two industrial schemes in Peterborough and Aylesbury Sep 27, 2022 Investec Real Estate announces that it has provided Chancerygate, the UK’s largest multi-unit industrial property developer and asset manager, with two, 22-month senior development loans, totalling £28.7 million, to support the construction of two industrial schemes, totalling 288,000 sq ft. In Peterborough, the UK’s fastest growing city, Chancerygate will deliver 123,000 sq ft of industrial, […] Posted by: Nathan Spencer Read more
Tetra Tech outbid WSP for listed UK consulting engineer RPS Sep 27, 2022 After recommending a £625.9m takeover bid last month by Canadian firm WSP, RPS has changed course after receiving a £636m offer from US firm Tetra Tech UK Holdings. WSP have asked RPS shareholders to take no action. Ken Lever, non-executive chairman of RPS, said: “The board of RPS is pleased to recommend Tetra Tech’s offer, […] Posted by: Nathan Spencer Read more
Plans for £1.2bn upgrade to A12 between Chelmsford and Colchester approved Sep 27, 2022 Under the £1.2-billion-pound plans, the A12 between and Colchester – junctions 19 (Boreham Interchange) to 25 (Marks Tey Interchange) – will be widened to three lanes in each direction. Two major bypasses will also be constructed; one at Rivenhall End and a second between Kelvedon North to the Marks Tey Interchange (junctions 24-25). The proposed changes to […] Posted by: Nathan Spencer Read more
Essex council wants £80M DfT funding for roundabout Sep 27, 2022 Plans to redesign the Army and Navy in Chelmsford have moved another significant step forward. Essex Council have submitted an outline business case to the Department for Transport for funding of £67 million. The funding is for the proposed Army and Navy Sustainable Transport Package. This is the next stage of the bidding process for […] Posted by: Nathan Spencer Read more
Sovereign Peveril JV submits plans for £500m Hertfordshire mixed-use scheme Sep 27, 2022 Hertfordshire is to get an entirely new town centre, with plans submitted today for the £500m Brookfield Riverside development in Cheshunt. Designed by Lyons+Sleeman+Hoare, the 1m sq ft Brookfield Riverside will rise at the intersection of the M11 and M25 motorways. Sovereign Centros are in a development partnership with Peveril Securities. The parties were appointed […] Posted by: Nathan Spencer Read more
Aviva Investors to invest up to £110 million in Connected Kerb to support nationwide delivery of EV charging infrastructure Sep 27, 2022 Aviva Investors, the global asset management business of Aviva plc (‘Aviva’), announces it has completed an investment which will see it invest up to £110 million in Connected Kerb, the electric vehicle (‘EV’) infrastructure specialist. The investment, being made by the Real Assets business at Aviva Investors as part of its Climate Transition strategy, will […] Posted by: Nathan Spencer Read more
Planning consent for £120 million 200-seat super-restaurant in Liverpool Sep 27, 2022 Liverpool City Council have granted planning permission for a new £120 million 200-seat super-restaurant in Liverpool, which will be the city’s finest waterfront restaurant Planning consent allows for the development of a new super-restaurant providing a circa 4,400 sq.ft. (410 sq.m.) destination eatery able to seat up to 200 diners The designs for the new […] Posted by: Nathan Spencer Read more
A £250 million water park to be built in Manchester Sep 27, 2022 The UK’s ‘first city-based wellbeing resort’, a £250 million water park boasting thermal bathing and botanical gardens is set to launch in the city’s Trafford Centre. The park, called Therme Manchester, will be the size of 19 football pitches (around 28 acres), and will feature an ‘immersive experience’, with ‘digital art, an on-site urban farm […] Posted by: Nathan Spencer Read more
Next steps for Bath City centre regeneration with £2.4m funding award Sep 27, 2022 Ambitious plans to regenerate Milsom Quarter in Bath including a new home for the Fashion Museum have taken another step forward after being awarded more than £2.4m in new funding. The Milsom Quarter Masterplan will revitalise the north of Bath city centre by attracting creative industries, providing 180 new homes and transforming the area into a nationally […] Posted by: Nathan Spencer Read more
Grosvenor and Mitsui Fudosan UK team up for Mayfair transformation Sep 27, 2022 A new joint venture between Grosvenor and Mitsui Fudosan UK, the European operation of leading Japanese real estate developer Mitsui Fudosan, has been formed to deliver a key element of a sustainable mixed-use development in London’s Mayfair. Focusing on the 263,000 sq ft North and South blocks of the South Molton Triangle scheme, the partnership […] Posted by: Nathan Spencer Read more
