Built Environment Networking Blog: South West News

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£58m Inhalation Centre of Excellence granted planning permission in Bristol

Vectura have been granted planning permission for a new 10,000-square metre facility on Bristol & Bath Science Park in south-west England – our ‘Inhalation Centre of Excellence’. The state-of-the-art £58 million building, which is anticipated to complete in 2025, will enable Vectura to expand their operations, providing new career opportunities for research and development scientists […]

Posted by: Nathan Spencer

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11-PBSA units totalling 4,500 beds sold in £306m deal

Unite Students has disposed of an 11-strong property portfolio – comprising 4,488 beds – for £306m, with the company’s share sitting at £236m. The deal – struck with an affiliate of Lone Star Funds – includes assets in Sheffield (1,700 beds), Reading (703 beds), Leicester (665 beds), Bedford (517 beds), Liverpool (390 beds), Birmingham (337 beds), […]

Posted by: Nathan Spencer

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Acorn Property acquires 12 sites forming £1.2bn development pipeline

Acorn Property Group is on a £390 million (GDV) residential development drive with new sites purchased throughout the South West which will provide 821 homes. This is in addition to further schemes going through the planning process. This follows on from record-breaking sales completions of £158.85 million in 2021: up nearly 250% on the previous […]

Posted by: Nathan Spencer

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Aviva Investors’ Lime Property Fund acquires Bath based student accommodation

Aviva Investors, the global asset management business of Aviva plc (‘Aviva’) announces it has completed the purchase of a purpose-built student accommodation (PBSA) in Bath on behalf of the Lime Property Fund (‘Lime’ or ‘the Fund’), acquiring Green Park House from Bath Spa University. As part of the transaction, the Fund has simultaneously entered into […]

Posted by: Nathan Spencer

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Barwood reaches £41m, buys Bristol Business park

They are planning to demolish two office buildings occupying the site and develop a 38,136 sq ft industrial unit.  Meanwhile, Growth Fund V will remain open with further closes will follow over the next year. Barwood Capital managing director Hugh Elrington said: “With Growth Fund V, we continue to follow the same investment strategy as […]

Posted by: Nathan Spencer

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Bristol shopping centre set for £550m regeneration

Developer Deeley Freed will work with LaSalle Investment Management to transform The Galleries shopping centre in Bristol and create a mixed-use quarter through a £550m regen. The project to transform the 5-acre site will begin in 2024 and complete in 2027. Plans revealed for the city centre site include a mix of restaurants, shops, community […]

Posted by: Nathan Spencer

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Cheltenham Borough Council: Sustainable Development & The Game-Changing Golden Valley Masterplan

Following their involvement in our Planning and Land Development Conference we caught up with Cheltenham Borough Council’s Director of Planning Tracey Crews on their approach to unlocking sustainable development opportunities and the game-changing Golden Valley masterplan… Q. What was the impetus for Cheltenham’s Golden Valley masterplan and how could it be transformative in the region? […]

Posted by: Nathan Spencer

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Construction underway on DHL’s new Exeter service centre

Stoford is making progress on a new DHL parcel distribution service centre as part of the next phase of a job-creating logistics park in East Devon. Construction is underway on two new buildings that will deliver a combined 83,500 sq ft of industrial/logistics accommodation at Exeter Logistics Park, on the former Hayes Farm, Clyst Honiton. […]

Posted by: Nathan Spencer

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