Glencar awarded further instruction by Wrenbridge to build £32M sustainable multi-industrial scheme in Aylesford Jul 10, 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 property development company Wrenbridge and specialist sustainable and impact investor Bridges Fund Management, to build a new six-unit industrial warehouse development totalling 302,844 sq ft at a strategic development site […] Posted by: Mya Driver Read more
Standard Life completes £1 billion buy-in transaction with Chubb Pension Plan and Chubb Security Pension Fund Jul 10, 2023 Standard Life, part of Phoenix Group, has concluded a £1 billion Bulk Purchase Annuity (“BPA”) transaction covering two schemes, the Chubb Pension Plan (“the Plan”) and the Chubb Security Pension Fund (“the Fund”), which are both sponsored by subsidiaries of APi Group Corporation. The transaction was agreed in June 2023 and covers c.14,000 pension members […] Posted by: Mya Driver Read more
Cabinet to decide on city centre developments to bring over 1,000 new homes Jul 10, 2023 Hull City Council’s Cabinet will consider ambitious plan to unlock the development of over 1,000 new homes on three empty city centre sites. Cabinet will decide whether to give the green light to bring forward development on brownfield sites at the East Bank, known as Eastern Quarter, at St Stephen’s Place on Colonial Street and […] Posted by: Mya Driver Read more
Great Portland Estates trading update: Strong Performance Jul 10, 2023 Great Portland Estates plc (GPE) publishes a trading update for the quarter to 30 June 2023. Toby Courtauld, Chief Executive, said: “Against a challenging macro-economic backdrop that is placing upward pressure on yields, particularly for non-prime spaces, we are pleased with our strong operating performance. Whilst our low levels of vacancy means we have limited space […] Posted by: Mya Driver Read more
LondonMetric sells five long income and urban assets for £43M Jul 10, 2023 LondonMetric Property Plc (“LondonMetric”) announces that it has exchanged on the sale of five assets for £42.8 million, reflecting a NIY of 4.5%. The combined sales are in line with the 31 March 2023 book value. Three of the assets have been sold individually for £25.3 million in total, with a WAULT of 12 years: The […] Posted by: Mya Driver Read more
Pluto £25m finance deal Leicester Jul 10, 2023 Pluto Finance has announced the successful completion of a £25m loan agreement with HGP for the development of a Build-to-Rent project in the city of Leicester. Pluto Finance, a leading development finance provider, has confirmed its second loan agreement with the Housing Growth Partnership (HGP) for the development of a Build to Rent (BTR) project […] Posted by: Mya Driver Read more
Barrow Learning Quarter: Contractor sought to build Cumbrian campus Jul 10, 2023 A successful contractor will create a university campus, the town’s first, on a 2.76-hectare site beside BAE Systems’ existing Submarines Academy for Skills and Knowledge. The multi-million pound campus project is the centre piece of the Barrow Learning Quarter (BLQ), one of the #BrilliantBarrow Town Deal projects backed by government funding. Together with upgraded facilities at Furness […] Posted by: Mya Driver Read more
Trebor and Hillwood acquire major industrial site in Ipswich Jul 10, 2023 Trebor Developments and Hillwood have acquired 8 acres of commercial development land from Ipswich Borough Council at Eastern Gateway, Ipswich. Prior to acquiring the site, Trebor secured detailed planning consent in 2022 for a five unit industrial and logistics scheme, ranging in size from 12,905 to 52,250 sq ft. The units will be built speculatively, […] Posted by: Mya Driver Read more
UKEF provides £1.1 billion support to the construction sector in 2022 Jul 10, 2023 UK Export Finance (UKEF) has published its annual results for 2022-23, which show the government’s export credit agency provided £1.1bn in new, direct support for UK construction exporters in the last 12 months. This supported up to 5,000 jobs in the sector, a 25% increase on last year’s figures. Overall, UKEF provided £6.5 billion in […] Posted by: Mya Driver Read more
A £400 million Build-to-Rent project is poised to provide 1,000 homes in Digbeth Jul 10, 2023 Moda Living and Aviva Capital Partners have announced a joint venture to invest in a four-acre regeneration site in Digbeth, with plans to build 1,000 homes for rent. The £400 million ‘Stone Yard’ project aims to transform a brownfield site near Birmingham New Street Station and HS2 Curzon Wharf. The site was purchased from Gallagher […] Posted by: Mya Driver Read more
