British Land Announces Potential £750m Sale of Iconic Meadowhall Centre Sep 19, 2023 Sheffield, UK – In a significant move reflecting the evolving retail landscape, British Land has unveiled plans to sell the renowned Meadowhall shopping centre in Sheffield for an estimated £750 million. This monumental sale, if finalized, would rank among the UK’s most substantial retail property deals in the past few years. Opened in 1990, Meadowhall […] Posted by: Mya Driver Read more
Realty Seals £200.8m Agreement for 11 UK Retail Parks Sep 19, 2023 In a significant move in the UK’s real estate sector, the American real estate conglomerate, Realty, has announced an agreement to acquire 11 retail parks from Ediston Property Investment Company for a sum of £200.8 million. The deal, which involves Ediston’s entire property estate, is with RI UK 1 Limited, a subsidiary of Realty. The […] Posted by: Mya Driver Read more
£4.8 million invested to expand Hull Container Terminal storage capacity Feb 23, 2023 ABP Humber has recently completed an extension to its Humber Container Terminal at the Port of Hull. An investment of £4.8 million has enabled an additional 17,600m2 of heavy-duty paving to expand the terminal’s storage capacity. The Humber Container Terminal in Hull welcomes around 12 vessels per week from Rotterdam, Amsterdam and Ghent, serving customers […] Posted by: Mya Driver Read more
11-PBSA units totalling 4,500 beds sold in £306m deal Mar 8, 2022 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 Read more
ABP received Port of Hull planning consent for 4.25m sq ft development Apr 21, 2022 Associated British Ports (ABP) has been granted outline planning consent for more than 4.25 million sq ft of industrial, manufacturing and logistics development at the Port of Hull by East Riding of Yorkshire Council. The 453 acres of prime land includes 212 acres located within the East Hull Humber Freeport Tax Assisted Zone, which offers […] Posted by: Nathan Spencer Read more
Aedifica invests £13.5 million in the construction of a care home in York Oct 21, 2022 Aedifica has invested in a care home for Torwood Care that will be developed in a residential area in York (211,000 inhabitants, County North Yorkshire). It will accommodate 72 residents in spacious bedrooms with en-suite facilities that are specifically tailored to suit the needs of elderly people requiring continuous care. The care home will meet […] Posted by: Nathan Spencer Read more
Aedifica invests £29m in the construction of two care homes in the UK Mar 25, 2022 Aedifica has acquired two care homes under construction in the UK – based in Leeds and Northampton. The Leeds site is within Rawdon, acquired for £14.5m with the capacity for 66 units – the operators is Danforth. And the Northampton site on in Overstone also has capacity for circa 66 units and it was acquired […] Posted by: Nathan Spencer Read more
After a gap of 16 years, Wakefield Council begins work on becoming a landlord again Mar 9, 2021 As part of its commitment to significantly increase the number of affordable new homes in the district, Wakefield Council is meeting later this month to explore the possibility of once again becoming a provider of rented housing. In 2005 the council disposed of its housing stock through a Large Scale Voluntary Transfer (LSVT) to Wakefield […] Posted by: Mark Flanagan Read more
Aldermore providers £15m loan Pickard Properties for PBSA project Jan 10, 2022 Aldermore Bank has provided Carlton Hill Holdings Limited, a subsidiary of the Pickard Properties Group, with a £15.3m loan which will be used to refinance an existing loan and to raise additional capital, to assist in the development of a large student accommodation block in Leeds. The loan is made up of a ten-year, part […] Posted by: Nathan Spencer Read more
Aldermore provides £16.5m to Citu for Sheffield housing scheme Jul 1, 2022 Aldermore has provided a £16.5m development finance loan to Citu for the next phase of its Kelham Central housing development in Kelham Island, Sheffield. The next phase of the development will be comprised of 68 additional low carbon homes, including a range of house types, plus two small commercial units. This marks the next chapter for […] Posted by: Nathan Spencer Read more
Aldermore provides £21m of loans for PBSA development in Leeds Oct 21, 2022 Aldermore has provided loans totalling £20.9m to Study Inn Group for a 400 room, two phase student accommodation development, in the heart of Leeds city centre. The first phase, Brotherton House on Grace Street was converted and regenerated to create 163 rooms and opened for the student intake in September 2022 with all rooms fully […] Posted by: Nathan Spencer Read more
Aldermore provides Real Estate Investment Group 1 with seven figure loan Apr 21, 2022 Aldermore has provided Real Estate Investment Group 1 Limited with a seven figure facility, to enable them to further grow their commercial property portfolio in Yorkshire. This is the fourth time that Aldermore has supported the company with the purchase of a commercial investment property in the last 12 months. The new loan will be […] Posted by: Nathan Spencer Read more
