Keepmoat to deliver 4,000 new homes targeting net zero as it becomes new strategic partner of WMCA Jul 10, 2023 Top 10 homebuilder Keepmoat has announced it has become the latest strategic partner of the West Midlands Combined Authority (WMCA), with a commitment to build 4,000 additional new homes in the West Midlands. Keepmoat has also made a committement to aim to achieve net zero carbon emissions when building on brownfield sites and to increase […] Posted by: Mya Driver Read more
LondonMetric acquires two NNN Retail assets for £23m May 23, 2022 LondonMetric Property Plc has acquired a portfolio comprising two NNN retail assets for £23.3 million, reflecting a blended NIY of 6.7%. The properties generate a rent of £1.6 million p.a., which equates to £13.90 psf. They have a WAULT of six years and comprise: a 76,000 sq ft property in Evesham, which is predominantly let […] Posted by: Leon Newton Read more
LXi REIT acquires two assets in £73m deal Mar 8, 2022 Following their recent £250m fundraisers the firm, who are attending UKREiiF, have splash £73m on a set of new assets. One is an Asda food store in Birmingham and the other a training and conference facility in Stafforshire. The two acquisitions, transacted on an off-market basis, reflect an accretive 5.4% net initial yield versus the […] Posted by: Nathan Spencer Read more
Major scheme nears decision Jun 6, 2023 Wigley Group’s plans to create a neighbourhood for living and work, culture and leisure in Coventry and form a major new link to city centre could become reality in the next few Weeks. Wigley have been masterminding the Daimler Wharf project to create this neighbourhood for the last five years – including 480 homes, a […] Posted by: Mya Driver Read more
MAYORAL ELECTION IN FOCUS: West Midlands CA Apr 22, 2021 On May 6 a number of Combined Authority mayoral elections will be taking place and, as part of a special series of events, we invited all candidates to explain what their ambitions are in terms of regeneration moving forward? Below are the responses for the candidates in the West Midlands CA who took part Mayor […] Posted by: Mark Flanagan Read more
Midlands LEP reaches £500m match-funding milestone Apr 15, 2021 A funding project aimed at boosting the Greater Birmingham and Solihull area is on track to unlock £500m of match funding from an investment of £207.9m made over the last six years. The Greater Birmingham and Solihull Local Enterprise Partnership (GBSLEP) Local Growth Fund programme, which launched in 2015, has now committed all of its […] Posted by: Mark Flanagan Read more
Moorfield and Stor-Age acquire UK self storage portfolio Mar 25, 2022 UKREiiF attendee Moorfield Group, a UK-focused real estate fund manager (“Moorfield”), announces that is has acquired a 302,000 sq ft self storage portfolio. The acquisition was made behalf on behalf of its Moorfield Real Estate Fund V (“MREF V”) and through its joint venture with Stor-Age (the “JV”), the South African self storage Real Estate […] Posted by: Nathan Spencer Read more
National Express West Midlands invests record £150 million in 300 UK-made electric zero emission buses Feb 1, 2023 National Express West Midlands is investing £150 million in 300 UK-made electric zero emission buses, for delivery by the end of December 2024. The buses will be deployed across the West Midlands. This investment is part of National Express delivering on its commitment to have a completely zero emission bus fleet in the UK by […] Posted by: Mya Driver Read more
Nearly £50m in funding agreed for 693-bed student scheme in Nottingham Jan 4, 2023 The developer Conygar has entered into a new facilities agreement with Barclays Bank PLC (“Barclays”) comprising a development facility and an investment facility (together the “Facilities”) up to £47.5 million in aggregate. The Facilities will enable the completion of the construction, targeted by the summer of 2024, and subsequent letting of the 693-bed student accommodation development at The […] Posted by: Nathan Spencer 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
New powers and £1.5 billion investment from Deeper Devolution Deal will deliver jobs, housing and economic growth across the West Midlands Mar 17, 2023 The West Midlands Combined Authority (WMCA) has negotiated a new Deeper Devolution Deal securing wide ranging new powers and a budget windfall in excess of £1.5 billion to level up the region. Under the Deeper Devolution Deal – announced by Government in today’s Spring Budget – the WMCA has secured new and significant longer-term funding […] Posted by: Mya Driver Read more
Northamptonshire industrial unit sold for £3.2m Aug 9, 2023 A well-connected industrial unit in Northamptonshire has been sold for £3.2 million. Warwickshire-based The Wigley Group has sold Unit 1-7 Crick Industrial Estate, Eldon Way, to a London-based real estate investment firm. The Wigley Group, which owns and manages business and commercial property across the Midlands, initially purchased the site with vacant possession in […] Posted by: Mya Driver Read more
