Built Environment Networking Blog: West Midlands News

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BMO acquires logistics asset and supermarket in latest spree

UKREiiF attendee BMO Real Estate Partners (BMO REP), the pan-European property investment and asset management specialist arm of BMO Global Asset Management (EMEA), has acquired a Lidl store in Chichester, West Sussex for £9.5 million, reflecting a 4% net initial yield. The investment has been undertaken on behalf of a separate account mandate, for which […]

Posted by: Nathan Spencer

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British Business Investments commits £15m to CrowdProperty

British Business Investments today announces it has committed £15m to CrowdProperty, the Midlands-based specialist property development lender. This investment will help increase access to finance for small and medium sized housing developers and will support more housebuilding. British Business Investments, a wholly-owned commercial subsidiary of the British Business Bank, aims to increase the supply and […]

Posted by: Mya Driver

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Bruntwood and L&G seek new partner for SciTech arm

A new partner is being sought by Bruntwood and Legal & General for their sciences platform SciTech, it has been confirmed. An additional investor is set to be added to the 50:50 joint venture which currently has ten locations across England. It is understood that both Bruntwood and Legal & General are not seeking to […]

Posted by: Nathan Spencer

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Caskade Group acquires Birmingham Hotel in £12.5m deal

The Hotel Indigo in Birmingham has been sold to the Caskade Group off a listed price of £12.5m. The property features 52 rooms, a Marco Pierre White-branded restaurant, and a whiskey and cocktail lounge. It was designed by Ken Shuttleworth of Make, who was involved in the construction of the Gherkin building in London. The […]

Posted by: Nathan Spencer

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Clowes acquires Birmingham office campus in £13m deal

Hillview Real Estate, the UK regional office investor, has sold an office campus on the edge of Birmingham to Clowes Developments for £13.1 million, reflecting a net initial yield of 7.5%. The campus is 2620-2650 Kings Court, which comprises six self-contained office buildings, totalling 52,373 sq ft, at Birmingham Business Park, the premier business park […]

Posted by: Nathan Spencer

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Clowes Developments sell prominent Coventry site for housing scheme

Persimmon Homes have purchased a parcel of land from Clowes Developments with planning consent for residential development. Planning consent has been granted by the site’s local authority, Coventry City Council, with permission for 223 residential dwellings ranging in size from two to four-bedroom homes. There will also be 25% affordable housing made available for local […]

Posted by: Nathan Spencer

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Commission launched to develop vision and plans for the former Greyfriars Bus Station

The regeneration of Northampton Town Centre has taken an exciting step forward as West Northamptonshire Council (WNC) seeks designers and engineers to develop the vision and plans for the former Greyfriars Bus site. Greyfriars is the largest brownfield opportunity within West Northamptonshire and represents a significant opportunity to deliver a large-scale development in this area. […]

Posted by: Mya Driver

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Construction completes on new Warwick Arts Centre in UK’s City of Culture

National contractor Willmott Dixon has this month completed work on the new and improved Warwick Arts Centre situated on the University of Warwick’s campus.  The Arts Centre now boasts a large new building with a number of newly created spaces including three digital auditoria with high-end digital projection and sound, as well as a ground floor gallery to exhibit […]

Posted by: Nathan Spencer

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