£5.5 billion of investment is expected to be generated by the Celtic Freeport Dec 21, 2022 Roger Maggs MBE, Chair of the Celtic Freeport bid consortium, visited the Port of Milford Haven in Pembrokeshire recently to see first-hand how a freeport would transform the Welsh economy by securing the benefits of the floating offshore wind (FLOW), hydrogen and sustainable fuels industries, for the people of Wales. He was hosted by Rt […] Posted by: Nathan Spencer Read more
£50m to bring empty homes back to life Feb 1, 2023 The National Empty Homes Grant scheme, that will run over the next two years, has been developed to build on the success of previous Welsh Government initiatives like the Valleys Taskforce Empty Homes Grant. The National Empty Homes Scheme could see up to 2,000 long-term empty properties brought back into use. This scheme will run alongside with […] Posted by: Mya Driver Read more
£7bn Tidal Lagoon project in Wales takes step forward Mar 2, 2022 A major new renewables energy generation project off the Welsh coast has the support of Denbighshire Councillors. Off the coast of Conwy and Denbighshire the scheme would involve a 19-mile barrage with underwater turbines changing able to change the tide. The scheme has been touted by a private sector company, who remain unnamed, but the […] Posted by: Nathan Spencer Read more
Agreement to progress development of new small scale nuclear reactor in Wales Oct 21, 2022 The Nuclear Decommissioning Authority (NDA) has today announced the signing of a Memorandum of Understanding (MoU) with Cwmni Egino to support their development of a new small scale nuclear project in North Wales. The MoU enables the NDA to share information and expertise around the characteristics of its land at Trawsfynydd, to align the decommissioning […] Posted by: Nathan Spencer Read more
Aprirose sells 235,000sq ft retail and leisure scheme to David Samuel Properties Jul 1, 2022 Aprirose, the real estate investment company, has sold Marine Point, a prime multi-let leisure scheme located in New Brighton, an affluent seaside resort on the tip of the Wirral Peninsula located in the north west of England located between Liverpool and North Wales. The 234,615 sq ft development, which is anchored by a Morrisons supermarket, has been sold […] Posted by: Nathan Spencer Read more
Aviva Investors provides financing towards construction of first school under Welsh 21st century schools programme Nov 29, 2022 Aviva Investors, the global asset management business of Aviva plc (‘Aviva’), announces it has completed an investment which will see it provide all senior debt financing towards the construction of the first school as part of the Welsh 21st Century Schools and Colleges Programme. The investment has been made by Aviva Investors on behalf of […] Posted by: Nathan Spencer Read more
Caddick Construction Secures Smurfit Kappa Building Project in North Wales. Dec 3, 2021 Caddick Construction has been appointed to deliver a 14,500 sq m factory extension for FTSE 100 packaging company Smurfit Kappa, making it the largest integrated corrugated plant in the UK. The manufacturing facility at Mold Business Park in Flintshire is used to create shelf ready packaging for the retail sector, along with other streams of […] Posted by: Mya Driver Read more
Fiera Real Estate looks to dispose of three warehouses in £72m deal Jul 1, 2022 A portfolio of three retail warehouses is being lined up for a £72.25m sale by owner Fiera Real Estate. Xprop has been instructed to lead the sale. It has been pitched off a net initial yield of 5.25%, although there is reversionary potential to unlock in 2024. Codenamed Project Orange, the portfolio includes three single […] Posted by: Nathan Spencer Read more
JR Capital and Chancerygate’s £100m multi-let industrial property fund makes final 5 acquisitions Jan 5, 2022 JR Capital and Chancerygate’s £100m multi-let industrial property investment fund has acquired five assets for a combined value of more than £16m. The deals mark the conclusion of the fund’s acquisitions boosting its portfolio of industrial space to 24 assets comprising 150 units totalling 1,050,000 sq ft on sites ranging from Dundee to Exeter. The […] Posted by: Nathan Spencer Read more
Levelling Up projects in Wales awarded £208 million by UK Government Jan 26, 2023 A total of 11 projects receive grants from round two of flagship Levelling Up Fund. Cardiff Crossrail, a new engineering campus in Blaenau Gwent, and new cycle routes through Conwy Valley are just some of the transformational local projects across Wales awarded a share of £2.1 billion from the UK Government’s landmark Levelling Up Fund. […] Posted by: Nathan Spencer Read more
Merthyr Council purchase St Tydfil Shopping Centre as part of 15-year town masterplan Dec 22, 2021 Lawyers from the Hugh James Commercial Property team have been advising Merthyr Tydfil County Borough Council on the purchase of the town’s indoor shopping centre – which will play a major role in the authority’s 15-year town centre ‘Masterplan’. The Council has purchased St Tydfil Shopping Centre from German property investment company Patrizia. The semi-covered […] Posted by: Nathan Spencer Read more
Planning Application Is Granted – Festival Park, Ebbw Vale Jan 13, 2023 Mercia Real Estate (MRE) has been given the go head for their application to change use of the former Festival Park shopping mall, Ebbw Vale. Planning has been secured to change the use of the former shopping mall into an employment led business centre, including demolition of a small number of the existing units and […] Posted by: Mya Driver Read more
