Muse Developments and Travelodge announce deal for new hotel at Forge Island Sep 9, 2021 Major hotel brand, Travelodge, has exchanged a long-term deal with the UK’s leading town and city-centre regenerator, Muse Developments and Rotherham Council, to become the latest anchor occupier at Rotherham’s Forge Island, which will see a new 69-room hotel delivered in the heart of Rotherham town centre, as part of the area’s wider repurposing and […] Posted by: Nathan Spencer Read more
Planning submitted for extension to Cordia Blackswan’s leading BTR development Sep 9, 2021 Birmingham-based property developer, Cordia Blackswan, has submitted a planning application for an extension to their leading BTR development, The Lamp Works. Located on the site of a former textile and furniture factory and close to popular Jewellery Quarter pub the Lord Clifton, The Lamp Works is a residential led mixed-use scheme, providing a mix of […] Posted by: Nathan Spencer Read more
Historic England’s Chief Executive talks collaboration, sustainability and how they’re aiding the Build Back Better agenda Sep 9, 2021 Historic buildings have a crucial role to play in the Build Back Better and Net Zero agendas. These buildings are unique. They hold memories and history – and most importantly, they hold a major opportunity. We’ve been speaking exclusively with Historic England’s Chief Executive Duncan Wilson on the importance of preserving the UK’s historical assets, […] Posted by: Nathan Spencer Read more
Student-led mixed-use scheme plans approved, with former Debenhams store set for revamp Sep 9, 2021 Orchard Street IM, the specialist commercial property investment manager, has announced that it has received planning permission from Leeds City Council to transform the former Debenhams store on Briggate, Leeds, into a new mixed-use asset. The development will see the former department store repurposed to provide 124 high-quality studio apartments while the basement, ground and […] Posted by: Nathan Spencer Read more
LondonMetric spends £35m on three urban logistics warehouses Sep 9, 2021 LondonMetric Property has announced the acquisition of three urban logistics warehouses for £35.4 million in separate transactions, reflecting a blended NIY of 4.4% and a reversionary yield of 4.9%. The properties generate a rent of £1.7 million p.a. with 83% of the income benefiting from RPI or CPI linked rent review. The warehouses have a […] Posted by: Nathan Spencer Read more
Housing firm Stonewater announces £250m sustainability bond to help deliver 6,250 new homes Sep 9, 2021 Leading housing provider, Stonewater, has successfully issued a £250m sustainability bond that will support its plans to deliver 6,250 homes by March 2024. The sustainability bond, which was issued using Stonewater’s newly established Note Programme and is ESG-accredited, will also help meet other key targets and strategies to reduce net carbon emissions and support Stonewater’s […] Posted by: Nathan Spencer Read more
Pocket Living enters first deal of its kind with Barclays and Housing Growth Partnership Sep 9, 2021 Innovative affordable housing developer Pocket Living has structured a deal with two new funding partners, Barclays and Housing Growth Partnership (‘HGP’), to fund its latest affordable housing development in Waltham Forest. The partners will be supporting Pocket in the delivery of 90 one-bedroom discounted homes at its Forest Road development in Walthamstow, which is scheduled […] Posted by: Nathan Spencer Read more
Vedra Partners and JCB hier team up for £1bn investment fund Sep 9, 2021 JCB heir Jo Bamford has launched a hydrogen investment fund which has set its sights on raising £1 billion. The green entrepreneur – who is the son of JCB chairman Lord Bamford – has joined forces with multi-family office Vedra Partners to launch HYCAP. The capital, which already stands at more than £200 million after the first round of […] Posted by: Nathan Spencer Read more
Goldman Sachs announces new £3.6bn division focused on alternative investment Sep 9, 2021 Goldman Sachs has announced plans for a new company – spun out of their Petershill Partners division which specialises in buying stakes in alternative asset managers. The new company will be operated by the Goldman Sachs Asset Management team and will have an independent board. Naguib Kheraj, Non-executive Chair of Petershill Partners, said: “through Petershill Partners, investors would benefit from the expertise of […] Posted by: Nathan Spencer Read more
Watkin Jones strikes forward sale deal on their first co-living scheme Sep 9, 2021 Watkin Jones has announced the exchange of contracts for the sale of its first fully co-living scheme, on Gladstone Road in Exeter. The scheme will offer 133 studio homes and is being sold on a forward funding basis to Ropemaker Properties Limited, the real estate arm of BP’s pension fund, for circa £16.9 million. The […] Posted by: Nathan Spencer Read more
