Is the Green Belt really a big deal? Jun 1, 2023 By David Button at BECG In May 2023, Keir Starmer announced that Labour would “back builders, not blockers” and would give English councils more powers to build on the Green Belt if they come into power. It was a bold move – for years Governments have hinted at finally taking action before rolling back under […] Posted by: Mya Driver Read more
ICG Real Estate announces the formation of Metropolitan Last Mile, a €1.5BN pan-European distribution and industrial platform May 31, 2023 ICG Real Estate, the real estate division of ICG, today announces the formation of Metropolitan Last Mile (“Metropolitan”), its distribution and industrial platform focused on major urban population centres across the UK, France, and Germany. Over the last nine months, Metropolitan has acquired 35 assets across the UK, France and Germany through 8 separate transactions, with […] Posted by: Mya Driver Read more
London’s empty homes could be worth £20bn May 31, 2023 The Mayor of London, Sadiq Khan, and Westminster City Council are today calling for stronger powers to crack down on empty homes, as shocking new analysis by City Hall reveals an estimated £20bn worth of property is sitting vacant across the capital. The Mayor is calling it a scandal that there are an estimated 30,000 […] Posted by: Mya Driver Read more
Clearbell acquires industrial portfolio from Palace Capital plc May 31, 2023 Clearbell Property Partners IV LP, a fund managed by Clearbell Capital LLP (Clearbell), has today announced the acquisition of six regional industrial assets from UK property investment firm Palace Capital plc for £34 million (£109psf), reflecting a net initial yield of 6.2%. The portfolio comprises six industrial and logistics assets located throughout the UK: Coventry, Avonmouth, Newbury, […] Posted by: Mya Driver Read more
Bowmer + Kirkland to deliver 500-home BTR scheme at Leeds’ Whitehall Riverside May 30, 2023 Bowmer + Kirkland has been appointed to construct a 500-home build to rent (BTR) residential scheme at Whitehall Riverside in Leeds city centre. The £140million project is being delivered by Glenbrook and backed by Legal & General following last month’s announcement of what is Leeds’ largest build-to-rent funding deal and the pair’s first venture together. […] Posted by: Mya Driver Read more
The GPA moves forward to complete new hub in Croydon May 30, 2023 The Government Property Agency (GPA) has achieved Practical Completion at its new Government Hub in Croydon, 2 Ruskin Square. The building will accommodate over 5,000 civil servants and enable the Home Office to migrate from three current locations in Croydon to the building in the summer 2024. Following the completion of Cat A construction, funded […] Posted by: Mya Driver Read more
Native Residential grows Northern Build to Rent portfolio May 30, 2023 Native Residential won two significant new mandates in Manchester and Durham. Alternative asset manager Cheyne Capital – funded through Cheyne Capital’s Impact Real Estate strategy – has appointed Native Residential to operate and manage Poplin in Manchester, a new rental living experience, underpinned by social impact and best in-class design. Native Residential has also won […] Posted by: Mya Driver Read more
Apollo Impact to Acquire United Living, a Leading Provider of Essential Infrastructure, Social Housing Maintenance and Construction Services Across the UK May 30, 2023 Apollo (NYSE: APO) today announced that funds managed by its affiliates (the “Apollo Funds”) have entered into a definitive agreement to acquire United Living Group (“United Living” or the “Company”), a leading provider of essential infrastructure, social housing maintenance and construction services in the United Kingdom. Financial terms were not disclosed. United Living provides a range of mission […] Posted by: Mya Driver Read more
United Trust Bank provides funding for £24m Build to Rent scheme by Oblix Living May 30, 2023 United Trust Bank (UTB) is providing £15.3m of funding to growing Build to Rent developer Oblix Living to complete their conversion of Saxon House in central Leicester. Founded in 2020 by Rishi Passi and Anthony James, Oblix Living is a specialist developer, investor and operator of residential rental assets in strategically selected locations across the UK. It develops […] Posted by: Mya Driver Read more
Peel Ports appoints Glencar to build major new £28M portside multi-user warehouse development in Liverpool May 30, 2023 Glencar, a leading UK construction company that was recently ranked amongst Europe’s fastest growing businesses, has today announced that it has been appointed by leading UK Port Operator Peel Ports to construct a new 240,000 sq. ft warehouse facility at Alexandra Docks within Peel Ports Port of Liverpool development located in Bootle. The new £28M […] Posted by: Mya Driver Read more
