Latest news – Page 12
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Northampton shopping centre to be transformed into entertainment hub
The project to redevelop the Market Walk Shopping Centre site will cost over £12m.
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Papa Johns to close tenth of UK restaurants
The pizza chain will close the faltering sites by mid-May.
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Oxenwood co-founder launches investment and development firm
The new business, Arkus Real Estate, will reposition obsolete real estate into grade-A I&L space.
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Bhandari appointed to drive improvements to government property estate
The Office of Government Property’s new recruit joins from the New Hospitals Programme.
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Council calls action on £450m Sunderland film studio
FullwellCain will begin developing the 1.7m sq site this year.
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Wates raises profits amid record forward order book of £8.5bn
New contract wins included homes on the Wembley Housing Zone and the Gascoigne East Phase 3B project in Barking.
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Treasury plans to scrap Gove’s ground rent cap
Move follows warning that capping ground rents to a nominal sum could cost investors around £31bn.
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Neumann bids to buy back WeWork with $500m offer
The former chief executive and co-founder has reportedly submitted an offer to acquire the bankrupt co-working giant.
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Revolution Bars ‘exploring options’ amid closure fears
The company, which operates 58 bars and 22 pubs, trading mainly under the Revolution, Revolución de Cuba and Peach Pubs brands, is considering a restructuring plan.
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ICG lends Salboy £100m to fund Manchester resi development
The deal supports ICG Real Estate’s strategy to fund assets in sectors with “compelling long-term structural drivers”.
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INREV CEO to step down
Since being appointed chief executive in 2017, Lonneke Löwik has driven the association’s expansion by growing its membership base by 23%.
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Regional REIT launches £130m disposal programme to pay down debt
The sales comprises 58 assets as the group looks to bring its loan-to-value figure down to its target of 40%.
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Olympia appoints head of placemaking and estate operations director
The London regeneration project has appointed Rachele Caltagirone and Andrew Thomson to its team.
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Joe’s Blooms launches first digital BNG solution for SME developers
The tool is designed to streamline the biodiversity net gain process for small and medium-sized enterprises.
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LGPS Central acquires Goodmayes Retail Park
The retail park is located in an area that is expected to see ”significant regeneration and growth”.
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Glasgow council approves 2030 city regeneration strategy
The new strategy will see billions of pounds in public and private investment ploughed into the city centre.
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Abri and Vistry partner to develop 1,500 homes in West Sussex
The 50/50 joint venture will develop the scheme on a former airfield site in Arundel.
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Alder King partner Stretton takes board advisory role at Soul Padel
The UK padel operator, Soul Padel has appointed partner and head of investment at Alder King, Oliver Stretton will be a board adviser for the business.
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Natwest pledges to invest £5bn in UK social housing
The funding will be distributed across the sector between 2024 and the end of 2026.
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Aprirose agrees ground rent acquisition on trio of hotels
The company has acquired the ground rents of Oulton Hall in Leeds, Slaley Hall in Northumberland and Crewe Hall in Cheshire from Lloyds Pension Fund.