Redevelopment of Crystal Palace National Sports Centre gets green light
Planning approval has been granted for the redevelopment of the Crystal Palace National Sports Centre (CPNSC). Originally opened in 1964, the renovation will bring the 15-hectare site up to a modern standard while showcasing its heritage and historic features. The project includes the delivery of a new enlarged gym and dedicated spaces for sporting clubs, […]
The Church Commissioners for England submits plans for final phase of Ely development
The Church Commissioners for England has submitted an outline planning application for the final phase of the northern expansion of Ely in East Cambridgeshire. The proposals envision a community of up to 1,607 homes, an extension to Chettisham Business Park and substantial green open space. The site will comprise a mix of homes, including affordable […]
Activist investor fails in bid to overhaul Workspace board
Activist investor Saba failed in its attempt to overhaul the board of Workspace Group at the company’s annual general meeting (AGM) yesterday. In early May, the US hedge fund issued a requisition notice requesting the removal of five of the company’s six non-executive directors – all other than Manju Malhotra – to be replaced by […]
Oakwood secures £8.8m facility to support delivery of Broughton resi scheme
Oakwood Group has secured a £8.8m development finance facility from Paragon Development Finance to support the delivery of a residential scheme in Broughton, near Preston. The funding will enable the North West developer to acquire a site at Garstang Road, Broughton, and develop 51 new-build homes, including 20 affordable housing units. The development has an […]
The Crown Estate submits £2bn redevelopment plans for Cambridge Business Park
The Crown Estate has submitted plans for the £2bn redevelopment of Cambridge Business Park. The plans include up to 1.8m sq ft of office and research and development space; a new neighbourhood featuring up to 500 homes, including 40% affordable housing and up to 200 co-living units; nearly 60,000 sq ft of new retail and […]
Cube picks up roadside portfolio
Cube RE (Cube), on behalf of the Hathaway Opportunity Fund (HOF), the firm’s joint venture with NFUM, has acquired the ‘Pitstop’ roadside portfolio for an undisclosed price. The portfolio comprises three IN’n’OUT Autocentres in Cardiff, Northampton and Wednesbury, and a roadside asset in Oswestry, Shropshire, let to Gastronomy Foods (trading as KFC), Asda Express (trading […]
Government unveils business rates cut for pubs, clubs and live music venues
Andy Burnham has announced the government will cut business rate bills for pubs, clubs and live music venues in England by 20% from April next year. The government said the cut will benefit nearly 32,000 businesses saving the typical pub an estimated £1,100 in the next financial year. Burnham said: “For too long, governments have […]
Arada London agrees forward-sale of 136 affordable homes to Clarion
Arada London has agreed the forward-sale of 136 affordable homes across Camden to housing association Clarion Housing Group for an undisclosed price. The social rent homes will be built by Arada’s in-house construction arm across three of the company’s development sites and will be designed to meet Clarion’s social rent quality standards. The agreement includes […]
RLAM enters single-family housing market with Manchester forward-funding deal
Royal London Asset Management (RLAM) has entered the single-family housing market with the forward-funding of a 284-home living scheme on Riverpark Road in Manchester. In partnership with North West housebuilder Kellen Homes, the forward-funding deal will deliver 111 single-family homes and 173 low-rise apartments at the Riverpark development. Completion is targeted for Q3 2028 with […]
SEGRO board “minded to recommend” Prologis’ £14bn ‘best and final’ offer
The board of SEGRO said it was “minded to recommend” the £14bn ‘best and final’ offer for the company submitted by Prologis. The terms of Prologis’ fourth and final proposal comprise 0.0920 new Prologis shares for each SEGRO share and a partial cash alternative of up to £3.5bn, representing 25% of the total consideration. The […]