LondonMetric sells £34m of long income assets Mar 6, 2023 LondonMetric Property Plc (“LondonMetric”) announces the sale of seven long income assets for £33.9 million (LondonMetric share: £29.6 million), reflecting a blended NIY of 4.5% and crystallising a blended ungeared IRR of 10% and a 28% profit on cost. The assets, which generate £1.4 million p.a. of rent, are fully let with a WAULT of […] Posted by: Mya Driver Read more
Cycle to UKREiiF returns for 2023 Mar 6, 2023 Following on from the success of its inaugural event in 2022, Club Peloton has announced that Cycle to UKREiiF will be back for 2023. The 100km cycle will depart from Harrogate on Tuesday 16th May and arrive later that day at the UK’s Real Estate Investment & Infrastructure Forum (UKREiiF), which is set to take place between 16-18 May in […] Posted by: Mya Driver Read more
Our landmark cultural heart plans given green light Mar 6, 2023 Proposals for our £210m Cultural Heart development, which is set to transform the heart of Huddersfield town centre, were approved by the Local Planning Authority today. With approval now secured, construction of the first phase of the scheme is set to get underway in Spring 2024. Initial works will concentrate on the major refurbishments of […] Posted by: Mya Driver Read more
New Fund Launched to give Warwickshire Economy a £40 Million Boost Mar 6, 2023 Businesses looking to grow in, or relocate to, Warwickshire now have access to £40m of financial support as the latest pillar of a major economy-boosting initiative goes live. The Property and Infrastructure Fund is the third and final strand of the Warwickshire Recovery and Investment Fund. This major £100m initiative was launched to provide access […] Posted by: Mya Driver Read more
Placefirst’s £21m BTR scheme in Halifax town centre approved Mar 6, 2023 Leading and award-winning build-to-rent provider Placefirst has secured planning permission for its £21m BTR scheme in Halifax town centre. The development will transform the site of the former multi-storey car park into 122 high-quality sustainable homes, a mixture of one and two-bedroom apartments, built specifically for private rent at Cow Green. Designed in partnership with JM Architects, the […] Posted by: Mya Driver Read more
Plans approved for new science and tech developments at Alderley Park Mar 6, 2023 Ambitious plans for the next phase of Alderley Park’s masterplan development have now been approved. The scheme will see Bruntwood SciTech, a 50:50 joint venture between Bruntwood and Legal & General, deliver two new buildings for lab and office space at Alderley Park in Cheshire, totalling around 200,000 sq ft. The plans will support the […] Posted by: Mya Driver Read more
Moderna selects Harwell as UK home Mar 6, 2023 Moderna, a biotechnology company pioneering messenger RNA (mRNA) therapeutics and vaccines, has selected Harwell, as the location for its Moderna Innovation and Technology Centre (MITC). The MITC development will encompass a research, development and manufacturing facility, providing the UK public with access to cutting-edge mRNA vaccines for a wide range of respiratory diseases, pending regulatory […] Posted by: Mya Driver Read more
Capital & Regional: Strong operational performance driving profitability and dividends Mar 6, 2023 Capital & Regional (LSE: CAL), the UK focused REIT with a portfolio of in-town community shopping centres, today announces its full year results to 30 December 2022. Lawrence Hutchings, Chief Executive, comments: “2022 was a good year for Capital & Regional, both operationally, as well as in terms of strengthening the Company’s balance sheet following the successful […] Posted by: Mya Driver Read more
Brackley Property Developments to deliver new industrial development in Corby Mar 6, 2023 Commercial developer, Brackley Property Developments (BPD) has secured funding for the construction of a new industrial/warehouse building on a two-acre development site in Northamptonshire. The commercial developer has entered into a full forward funding agreement with specialist property investment firm, Leftfield for the speculative development of the new unit at Cockerell Road in Corby. Work […] Posted by: Mya Driver Read more
Aldermore provides multi-million £ ‘develop-to-hold’ loan for Grade II listed apartment block in Sunderland Mar 6, 2023 Aldermore has provided a multi-million pound commercial mortgage to X8 Developments Limited for a recently developed apartment block in Sunderland – the Bank having also initially provided the development finance. The property is a Grade II listed building and was formerly utilised as a banking hall. It has been converted to 19 residential apartments, with […] Posted by: Mya Driver Read more
