Enterprise Inns, represented by international real estate advisor Savills, has sold the freehold of The Middlecroft in Gosport to Starvale Developments Ltd for £350,000. The two-storey public house, which totals 4,400 sq ft (409 sq m), was sold with vacant possession. Located prominently on Middlecroft Lane, it sits on a
Dragonfly passes £2bn lending milestone Our collective drive, hunger to lend and ability to adapt to market conditions remain as strong as they were on Day One. Dragonfly Property Finance, part of the Octopus group, has announced today that it has reached a major milestone — passing £2bn of loan
Vital Energi have been awarded the £2.6m contract with Redrow Homes to design and build the energy solution for the Padcroft development in West Drayton. Following the submission of a variant design proposal, Vital Energi joined the energy infrastructure design team and were able to add value from an early
John Elliott, Managing Director of Millwood Designer Homes speaks about the rising demand for detached homes in the UK: Purchasing your first home is an exciting experience and now, more than ever, first time buyers aspire to own a detached home, over any other property type. In recent research, conducted
Northcare has been chosen as the preferred bidder by Multiplex for the £400 million design and build contract to redevelop a previous New Scotland Yard location in Westminster, London. The scheme secured its planning consent in 2016 and it will see the 1.72 acre mixed-use development feature six towers rising
Building materials supplier Aggregate Industries has unveiled its Pro Pitch Elite, which is a new, infill sand that claims to have the best drainage rates of any other on the UK market. This solution would help ensure sporting action isn’t interrupted when adverse weather hits. “Extreme weather conditions are a
Enterprise Inns, represented by international real estate advisor Savills, has sold the freehold of The Middlecroft in Gosport to Starvale Developments Ltd for £350,000. The two-storey public house, which totals 4,400 sq ft (409 sq m), was sold with vacant possession. Located prominently on Middlecroft Lane, it sits on a 0.23-acre (0.09-hectare) site including a private courtyard, several outbuildings and a trade garden with seating and a children’s play area. Adam Bullas, licensed leisure director at Savills, comments: “The Middlecroft combines a well-connected location with potential for pub, restaurant, retail and even residential use, subject to planning consent. As such, it attracted significant interest and we are pleased with the successful result achieved on behalf of our client.” Source link
Dragonfly passes £2bn lending milestone Our collective drive, hunger to lend and ability to adapt to market conditions remain as strong as they were on Day One. Dragonfly Property Finance, part of the Octopus group, has announced today that it has reached a major milestone — passing £2bn of loan completions since its launch in 2009. Underlining the strength of its underwriting and loan book, Dragonfly has incurred less than 0.1% of capital losses in the near seven years it has operated, with redemptions also approaching £1.4bn. In total, Dragonfly has made over 3700 transactions to a mixture of domestic and overseas investors. However, its appetite to lend remains as strong as ever: December 2015 was its biggest single month, with completions topping £75m. Notably, the second billion of lending was achieved in less than half the time of the first £1bn, a combination of Dragonfly’s proactive hiring strategy (it is now approaching 40 employees), ongoing product diversification to meet broker demands and broader market conditions, and the support provided by the Octopus group. With its negligible default rate and underwriting pedigree, it is also now the lender at the heart of Octopus Investments’ innovative new Octopus Choice peer-to-peer lending product, which provides a middle ground between saving and stock market investing. Mark Posniak, Managing Director, Dragonfly Property Finance, commented: “We may be one of the biggest specialist lenders out there these days but our collective drive, hunger to lend and ability to adapt to market conditions remain as strong as they were on Day One. Our team is growing fast and is now a perfect balance of old hands and young blood that wants to make its mark. Our product range is also considerably broader than it was in the early days, although if there is one constant irrespective of loan type, it’s our focus on giving brokers and their clients certainty of lending. It’s what they value above all and is integral to our proposition.” Simon Rogerson, CEO, Octopus, added: “Dragonfly, without a doubt, is one of the success stories of the UK alternative finance market, although anyone familiar with Mark and his team will know there’s a lot more to come yet. It has evolved considerably in recent years and now has the in-house expertise to lend to every sector of the UK real estate market throughout the debt stack, from first charge to mezzanine. Its phenomenal underwriting and instinct for risk should certainly give financial advisers and any potential investors in Octopus Choice genuine peace of mind.” Source link
Vital Energi have been awarded the £2.6m contract with Redrow Homes to design and build the energy solution for the Padcroft development in West Drayton. Following the submission of a variant design proposal, Vital Energi joined the energy infrastructure design team and were able to add value from an early stage in the project development. As part of their contract, Vital Energi will build the energy centre containing two 750kw gas boilers, a 90kW CHP engine, a 5000L thermal store and boosted cold-water services. In addition, they will also install over 150m of district heating pipework, risers and laterals in the apartment blocks, and supply 330 hydraulic interface units. Rob Callaghan, Vital Energi’s Regional Director for London, commented, “We’re delighted to be working with Redrow Homes again following the successful delivery of the energy solution at Chiswick High Road. Being involved in the early stages of the project with the infrastructure design team has helped to identify cost savings which will now be incorporated into the construction phase.” Padcroft is a new residential development in West Drayton which will be a mixture of 1, 2 and 3 bedroom luxury apartments. By 2019, residents will benefit from the completion of the West Drayton Crossrail station, enabling them to reach the centre of London within 30 minutes. Work is expected to be completed by November 2018. If you’d like to know more about Vital Energi and the work they do, please visit www.vitalenergi.co.uk
John Elliott, Managing Director of Millwood Designer Homes speaks about the rising demand for detached homes in the UK: Purchasing your first home is an exciting experience and now, more than ever, first time buyers aspire to own a detached home, over any other property type. In recent research, conducted by YouGov, almost a third (32%) of potential first-time homeowners aim for a detached house as their first property. As detached homes continue to increase in value throughout the UK, it’s easy to see why the popularity for these sought-after properties also continues to grow. Prices increases show detached homes to be a bright spot in the market and offer a sold investment. It is no surprise almost a third of savvy first timers desire a detached home, as buyers aim to move less and save more to achieve the home of their dreams — a detached family house with a garden. With many first-time buyers making savings on stamp duty, they are sensibly looking to future-proof their investment, with something that will suit long term needs and goals, in the form of a ‘forever’ home. At Millwood, we provide a mix of property types at all our developments to suit a wide-range of buyers and their individual circumstances. We’ve found that many of our buyers aspire to own a detached property for a number of important factors, including flexibility, a sense of privacy, comfort and freedom. This popular property type varies in size, however, the independence of a detached home creates an ideal living environment, for families to grow into or downsizers to settle. We offer Help to Buy on a selection of Millwood homes, helping first-time buyers secure more space for their money. For more information on our detached home visit wwww.millwooddesignerhomes.co.uk
Northcare has been chosen as the preferred bidder by Multiplex for the £400 million design and build contract to redevelop a previous New Scotland Yard location in Westminster, London. The scheme secured its planning consent in 2016 and it will see the 1.72 acre mixed-use development feature six towers rising from 14 to 20 storeys, offering 268 apartments and 142,000 ft2 of commercial and retail space. Moreover, the Broadway development project will have a new thoroughfare connecting Victoria Street to St James’s Park tube station. The towers will provide views of The Houses of Parliament, Westminster Abbey, Big Ben, Buckingham Palace, the London Eye, St James’s Park, Horse Guards Parade and Green Park. “We are delighted to announce the selection of Multiplex as our preferred main contractor to deliver this landmark development in central London,” said Northcare development director for Broadway, David Harman. “This is a major milestone for the project and demonstrates our commitment to delivering a world-class, vibrant destination located in one of the capital’s most exciting areas.” The development was designed by Squire + Partners, while Robert Bird Group were chosen as the structural engineer and Keltbray was chosen to deliver enabling works and piling package for the site. “We look forward to working alongside Multiplex to realise our vision and see them forge ahead with construction. To date, all milestones have been delivered ahead of programme, from securing planning consent in 2016, completing demolition of the existing 1960’s 22-storey building in 2017 and more recently finishing the piling phase in June 2018,” David Harman added. Work on the project will begin by next January and is expected to be completed in December 2021. Northcare (Scotland) Ltd is a family run business, which has been established for over 25 years and owns care homes in the South Lanarkshire, Glasgow City and East Renfrewshire areas, expanding into Edinburgh with a state of the art care home opening in spring 2018.
Building materials supplier Aggregate Industries has unveiled its Pro Pitch Elite, which is a new, infill sand that claims to have the best drainage rates of any other on the UK market. This solution would help ensure sporting action isn’t interrupted when adverse weather hits. “Extreme weather conditions are a growing concern when it comes to the construction and maintenance of synthetic sports pitches,” said Tom Wise, general manager at Garside Sands, Aggregate Industries. “As such, this has spurred us into our laboratory to design and rigorously test our biggest product innovation in more than 20 years. As a result we can launch Pro Pitch Elite, the ideal solution for enhancing and sustaining sport facilities by ensuring playability all year round, even in areas of extreme rainfall.” Specifically developed to include larger rounded particles, the Pro Pitch Elite infill sand provides greater void space through the playing surface of synthetic sport pitches. During recent laboratory testing, it was also claimed that the product is able to drain 116% better than the most popular competitor of sand available, all due to its absorbent characteristics. “Due to its technical grading, ProPitch Elite has been proven to aid with effective drainage, even outperforming our market-leading Pro Pitch 2EW infill sand, as demonstrated during robust lab testing. For sports clubs looking to provide first-class playing surfaces, even in extreme weather conditions, this revolutionary solution will not disappoint,” added Tom Wise. Aggregate Industries is a leading player in the construction and infrastructure industries. It produces and supplies a wide range of construction materials including aggregates, asphalt, ready-mixed concrete and precast concrete products. It also produces, imports and supplies cementitious materials and offers a national road surfacing and contracting service. It prides itself on best practice in sustainability having become the first company to be certificated to BES 6001, The Framework Standard for the Responsible Sourcing of Construction Products, developed by the BRE (Building Research Establishment) and a founding member of the UK Green Building Council.
