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£1.6bn investment strategy across Northern Ireland unveiled

A long-awaited new investment strategy for Northern Ireland will inject around £1.6bn a year in key infrastructure for the region, it’s been revealed. First Minister Paul Givan and Deputy First Minister Michelle O’Neill have published the Executive’s new draft Investment Strategy for Northern Ireland. The plans sets out a funding and planning model for investment […]

Posted by: Nathan Spencer

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£100m housing investment for Antrim Town approved

Antrim and Newtownabbey borough Council has approved plans for a major housing expansion in Antrim Town, which will see a total investment of £100m and the creation of up to 100 new jobs. The reserved matters application will see 525 new homes, six local shops, public spaces and a play park being built along the […]

Posted by: Nathan Spencer

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£150m redevelopment of the Enkalon Business Park in Antrim

Plans for the site near The Junction retail park have been submitted by Errigal Group who bought the industrial estate in 2019. At present, the space is being leased to tenants for warehousing, distribution and showroom. Since it’s purchase, the company has conducted £2m worth of upgrade works. It’s envisioned that the project will consist […]

Posted by: Nathan Spencer

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Green light for 778-home scheme in Belfast

Watkin Jones and Lacuna Developments to build scheme as part of 5,000-home regeneration project Belfast City Council has granted permission for a 778-home development as part of the 5,000-home Titanic Quarter regeneration project. The plans, by build-to-rent and student housing specialist Watkin Jones and Lacuna Developments, were approved at a meeting last Thursday. The Loft […]

Posted by: Nathan Spencer

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Investec’s student beds commitment passes £800m

Leading asset managers Investec has furthered strengthened its position in the purpose-built student accommodation sector (PBSA) by financing a joint venture deal to build four properties in the UK. Since 2015, Investec has committed more than £820m of finance, funding a mix of domestic and international borrowers and the development of 19,500 beds across 53 […]

Posted by: Mark Flanagan

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Loft Lines forward funded with L&G and Clanmil Housing Association

Watkin Jones, the UK’s leading developer and manager of residential for rent, in partnership with Lacuna Developments, announces that it has exchanged contracts with L&G and Clanmil Housing Association to forward fund the new urban residential community, Loft Lines, at Titanic Quarter in Belfast. The agreed fundings amounting to c.£155 million of a wider c.£175 […]

Posted by: Mya Driver

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New application to build multi-million-pound Belfast student project

Bywater Properties and Ashmour Developments are in the process of submitting proposals to develop substantial student accommodation development in Belfast on a site previously intended for offices. Previously, plans were approved in 2019 by Belfast City Council for offices to be built on a car park situated between Gresham Street and Winetavern Street in the Smithfield […]

Posted by: Mya Driver

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PIC makes first social housing investment in Northern Ireland

Pension Insurance Corporation has made its first social housing investment in Northern Ireland via Apex Housing Association. The specialist insurer of defined benefit pension funds said it has made a £100m (€116m) debt investment with Apex to help the housing association develop 1500 new homes as well as to refinance existing debt. Apex – the third-largest […]

Posted by: Nathan Spencer

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Puma Property Finance and Vita Group partner on new student accommodation scheme in the heart of Belfast with £24m deal

Puma Property Finance (Puma) has today announced it is providing a £24m development facility for Vita Group’s latest purpose-built student accommodation (PBSA) with 269 studio rooms in Belfast City Centre.  Developed and operated by Vita Student and targeting completion for incoming students during the September 2023 academic year. It is conveniently situated between the prestigious […]

Posted by: Nathan Spencer

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Rushmere Shopping Centre sold to private investors

Rushmere Shopping Centre and Retail Park, home to some of the UK and Ireland’s most prominent retailers, has been sold out of Administration for an undisclosed sum to Killahoey Ltd, a joint venture between Northern Ireland based companies Sheephaven and May Street Capital. Rushmere Shopping Centre first opened its doors in 1976 and has been […]

Posted by: Nathan Spencer

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Simply Care Group secures £40m funding deal

Simply Care Group UK (“Simply UK”), a specialist developer and operator of care homes, has completed a forward funding deal for two flagship assets in Bury St Edmunds and Dublin for a combined sum of £40m (€46.8m), equating to a net deal yield of 5.2%. The two sites, which are currently under construction, will be […]

Posted by: Mya Driver

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