Business : Finance & Investment News
Norway’s Wealth Fund Set to Take Over Major UK Shopping Centre

Norway’s Wealth Fund Set to Take Over Major UK Shopping Centre

Norway’s sovereign wealth fund, Norges, is poised to acquire a significant share in Meadowhall, a key shopping centre in Sheffield, enhancing its position in the UK retail sector. Norges is nearing a deal to buy out British Land’s 50% stake in the centre for around £363 million. This strategic acquisition

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£100m investment announced for Causeway Coast and Glens

£100m investment announced for Causeway Coast and Glens

Causeway Coast and Glens Borough Council is proud to announce a landmark agreement that will see some £100m invested in the Borough over the next 10 years. With anticipated Growth Deal funding of £36m from UK Government and the same from the NI Executive, alongside other partner contributions, this deal

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AG Announce £5.4m Investment to Meet Soaring Demand

AG Announce £5.4m Investment to Meet Soaring Demand

Leading paving and building products manufacturer, AG, has made a series of substantial investments totalling over £5.4 million to enhance its manufacturing facilities. The latest upgrades, exceeding £400k will boost production efficiency to help meet soaring demand for AG’s hard landscaping and building products while simultaneously reducing the company’s environmental

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Prologis First Quarter 2024 Performance Update

Prologis First Quarter 2024 Performance Update

Quote from Ben Bannatyne, president, Prologis Europe “In the first quarter of 2024, demand for our high-quality logistics real estate remained steady across the 12 European markets where we operate. Germany and the Netherlands continue to be the strongest markets, given their high barriers to supply and strong demand. We

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Environment Bank appoints Catherine Spitzer as new Chief Executive

Environment Bank appoints Catherine Spitzer as new Chief Executive

Environment Bank, a leading nature restoration company and biodiversity net gain (BNG) provider which delivers solutions to the built environment industry is pleased to announce the appointment of Catherine Spitzer as its new Chief Executive Officer.  She joins Environment Bank with a proven track record in scaling businesses and implementing

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Latest Issue
Issue 328 : May 2025

Business : Finance & Investment News

Norway’s Wealth Fund Set to Take Over Major UK Shopping Centre

Norway’s Wealth Fund Set to Take Over Major UK Shopping Centre

Norway’s sovereign wealth fund, Norges, is poised to acquire a significant share in Meadowhall, a key shopping centre in Sheffield, enhancing its position in the UK retail sector. Norges is nearing a deal to buy out British Land’s 50% stake in the centre for around £363 million. This strategic acquisition would place the total valuation of Meadowhall at approximately £725 million and is expected to yield a return of 7-8%. The move is seen as a strong indication of Norges’ confidence in the resilience and future profitability of top-tier retail locations across the UK. The discussions, which are in their final stages, were triggered by British Land’s decision last September to sell its share. Although a partnership continuation with British Land seems the most likely outcome, Norges is also considering other potential buyers. Under the proposed terms of the deal, British Land would maintain its role in managing the daily operations at Meadowhall, under the leadership of CEO Simon Carter. The shopping centre is home to a host of major retailers including Marks & Spencer, Zara, and Primark, adding to its appeal. This isn’t Norges’ first venture in UK property; its portfolio includes substantial stakes in London’s West End, notably a 25% interest in Regent Street managed by The Crown Estate, and a 23.5% ownership in Covent Garden through Shaftesbury Capital. Furthermore, it shares ownership of the West One shopping centre with British Land. Meadowhall has a storied history, developed on the site of a former steelworks by Yorkshire entrepreneurs Eddie Healey and Paul Sykes, and was sold to British Land in 1999 for £1.2 billion. Despite the challenges faced by the UK retail sector due to the rise of e-commerce and high business rates, Norges’ latest investment is seen as a testament to the enduring appeal of prime retail spaces. Building, Design & Construction Magazine | The Choice of Industry Professionals

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£100m investment announced for Causeway Coast and Glens

£100m investment announced for Causeway Coast and Glens

Causeway Coast and Glens Borough Council is proud to announce a landmark agreement that will see some £100m invested in the Borough over the next 10 years. With anticipated Growth Deal funding of £36m from UK Government and the same from the NI Executive, alongside other partner contributions, this deal is set to shape the future trajectory of the region. The formal signing of the Growth Deal, Heads of Terms agreement, represents a significant milestone in advancing the economy of the Causeway Coast and Glens Borough. The official launch took place at Ulster University’s Coleraine Campus this morning and brought together influential leaders, dignitaries, and stakeholders to celebrate collaborative efforts towards sustainable growth and development. Notable attendees included the First Minister, deputy First Minister of Northern Ireland, the Parliamentary Under-Secretary of State for Northern Ireland and the Finance Minister underscoring the importance of this moment for our community. The Mayor of Causeway Coast and Glens Borough Council, Councillor Steven Callaghan noted the importance of the investment for the future prosperity of the Borough and its citizens.  He stated: “Today’s event is the culmination of an enormous collective effort which began all the way back in 2019.  Many institutions and individuals have contributed towards the development of a package of projects which represents the single largest Government investment in the Causeway Coast and Glens region. “This Growth Deal also demonstrates Council’s commitment to collaborative working. Through a programme of regeneration, we aim to transform our tourism offering and address some of our infrastructural challenges. Our Deal’s innovative projects will bring new industry to our Borough, providing high-skilled, high-paid employment opportunities for our young people.  “This is just the beginning of our journey, and I would like to personally thank all of our delivery and funding partners for helping us get to this stage.” First Minister, Michelle O’Neill MLA said it was a great opportunity to showcase the City and Growth Deals initiative. She added: “This is one of four deals covering the whole of the north with £1.3 billion capital investment over the next 10-20 years. Our four City and Growth Deals have the potential to increase the number of good jobs, promote regional balance and raise productivity which is the driver of improving living standards. “The deals are helping to create a more dynamic and competitive economy here. Importantly, the deals will have a positive impact on the quality of life for so many including our young people, our businesses, and the many visitors who flock to the Causeway Coast and Glens.” Deputy First Minister, Emma Little-Pengelly MLA reaffirmed the Executive’s support for the City and Growth Deals initiative. She said: “The projects that will be delivered through this deal will help improve infrastructure, create employment opportunities and upskill the local labour force. “The increase in key transport links will also attract more visitors to this beautiful area, creating even more opportunities for economic activity and further positioning Causeway Coast and Glens as a ‘go to’ area for business and tourism. “This multi-million pound investment is a great example of government, business and academia working together to tackle issues and make a real difference.” Lord Caine, Parliamentary Under Secretary of State for Northern Ireland said he was honoured to sign the Heads of Terms document, adding: “This Deal has the potential to provide further economic benefit, innovation and more employment for this fantastic region. I hope it can take us one step further to Northern Ireland being the best place in the world to invest. “The UK Government is committed to ensuring this area thrives, which is why we are investing £36 million to support projects which build on the region’s digital and innovation capabilities. “This will see projects such as the Centre for Food and Drug Discovery at Ulster University in Coleraine, the Business Innovation and Incubation Hub at Atlantic Link and the Innovation Hub at North West Regional College all benefit from this investment and bring exciting economic opportunities to the region and Northern Ireland as a whole.” Minister of Finance, Dr Caoimhe Archibald MLA described the signing of the Heads of Terms document as “a significant milestone”, adding: “Growing up in Coleraine, and now calling the area home, I know the positive impact this funding will have. The substantial injection of £100million into the Causeway Coast and Glens region is a game-changer for the area. “The exciting and transformative projects that make up the Growth Deal will shape infrastructure, create job opportunities and further increase the skills base. The Causeway Coast and Glens Growth Deal will produce a legacy for generations to come from Cushendall in the east right across the Borough to Dungiven in the west, the benefits will be felt right across the region.” Today’s momentous gathering at Ulster University’s Coleraine Campus provided a platform for those attending to hear how our region will be transformed by this investment and highlighted the collective vision for a vibrant and prosperous Causeway Coast and Glens Borough. Attendees had the opportunity to engage with key stakeholders, contribute to discussions shaping the region’s future, and witness firsthand the signing of this historic agreement. Professor Paul Bartholomew, Vice-Chancellor, Ulster University said: “The Causeway Coast and Glens Growth Deal represents an opportunity for transformation for the Coleraine and North Coast area. It is a tremendous opportunity for us all to take the next step, driving forward the innovative ideas that will deliver economic growth for this incredible region. As a strategic partner, we are delighted to host this important event at Ulster University Coleraine, marking this important milestone in the Growth Deal process. “Ulster University will work collaboratively with the Council and other stakeholders to deliver innovation projects and continue to develop a pipeline of talented and innovative graduates, both of which will play a significant role in the development of this region.” If you would like to read Causeway Coast and Glens Borough Council’s Heads of Terms document and find out which projects are being developed for your area, you

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AG Announce £5.4m Investment to Meet Soaring Demand

AG Announce £5.4m Investment to Meet Soaring Demand

Leading paving and building products manufacturer, AG, has made a series of substantial investments totalling over £5.4 million to enhance its manufacturing facilities. The latest upgrades, exceeding £400k will boost production efficiency to help meet soaring demand for AG’s hard landscaping and building products while simultaneously reducing the company’s environmental footprint. Focused on modernising its factories, equipment, and technology with the construction of a new £3 million factory and £2 million wash plant revamp, the firm has announced their latest improvements which include the installation of two state-of-the-art crushers. Integral to both the production and quality of AG’s market leading products, the inclusion of crushers in its manufacturing process enables the company to harness locally sourced materials from both its Pomeroy plant and on-site quarry in Fivemiletown, ensuring a reliable, sustainable supply chain. In alignment with AG’s environmental commitment, which includes its Climate Action Pledge to decrease Scope 1 and 2 emissions by a minimum of 30% by 2030, the new crushers will optimise aggregate production across the company whilst reducing energy consumption. The cutting-edge machinery will match the output of its predecessors whilst consolidating the crushing circuits at the company’s Fivemiletown and Pomeroy sites, yielding significant carbon emission savings for AG. In addition, AG has introduced new product moulds, upgraded packaging machinery and new wrapping processes to improve performance efficiency and mitigate the company’s carbon impact across their four sites. “At AG, we are committed to delivering superior products while prioritising sustainability and innovation,” remarked Stephen Acheson, CEO. “Our latest investments underscore our proactive approach to create products that make construction better, faster and safer. By modernising our machinery infrastructure and embracing cutting-edge technologies, we are poised to meet the soaring demand the business is experiencing across commercial and domestic markets, while championing sustainable practices.” In tandem with its investment initiatives, AG has strengthened its workforce by creating new job opportunities, including the appointment of James Jack as GB Sales Director. This strategic expansion reinforces its commitment to driving sales across the UK & Ireland. Building, Design & Construction Magazine | The Choice of Industry Professionals

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Prologis First Quarter 2024 Performance Update

Prologis First Quarter 2024 Performance Update

Quote from Ben Bannatyne, president, Prologis Europe “In the first quarter of 2024, demand for our high-quality logistics real estate remained steady across the 12 European markets where we operate. Germany and the Netherlands continue to be the strongest markets, given their high barriers to supply and strong demand. We anticipate our customers’ need for space when and where they need it most, whether that is meeting the demand of e-commerce or building data centres. We leverage our extensive ready-to-build land bank, robust financial position and super integrated logistics platform to provide a complete solution tailored to their needs.” Operating Performance – First Quarter 2024: Total portfolio: 22.5 million square metres* First quarter total leasing activity: 1,078,262 square metres: Q1 2024 rent change: 20.5%** Occupancy: 97% * includes operating, development, held for sale, other and VAA/VAC** rent change is based on lease start date GROUNDBREAKERS 2024 will be held in London GROUNDBREAKERS, Prologis’ signature thought leadership event, will take place in Europe for the first time! Last year’s event explored the electrification of everything, a rapidly changing workforce and how AI is influencing the supply chain — among other themes (view panels). This October, we’re gearing up for even more innovation, engagement and knowledge sharing in a one-of-a-kind event. Mark your calendars for October 2nd, and stay tuned for more information! Resources/Insights Prologis receives HRH The Prince of Wales’ Terra Carta Seal Building, Design & Construction Magazine | The Choice of Industry Professionals

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Brookfield’s European logistics business on track to exceed 43 million square foot

Brookfield’s European logistics business on track to exceed 43 million square foot

Brookfield replicates successful platform building model to capitalize on the strong demand for warehouse space from blue-chip companies    Brookfield, through its European logistics business, continues to significantly expand its platform of high-quality specialized logistics assets. This year the platform will have a gross leasable area (GLA) of 43 million square foot, as Brookfield focuses on further building its logistics footprint in its core markets, including Germany, France, the Netherlands, Poland, Spain, Sweden and the United Kingdom.   Brookfield’s 2024 growth strategy focuses on leveraging its reputation as a reliable global partner for blue-chip clients and continuing to deliver state-of-the-art warehousing in response to increasing local demand. With the traditional landlord-tenant dynamics shifting, the future will trend towards more flexible, bespoke solutions. These changes are being driven by several factors, including the shift from global to nearshoring, the consolidation of supply chains, the scaling of e-commerce supply chains post-pandemic, and the need for more sustainable operations such as decarbonized logistics for warehousing.  Brookfield has signed 4.3 million square foot of notable leases with blue-chip customers over the past twelve months, with the first quarter of 2024 accounting for over 3.2 million square foot of activity. These leases highlight Brookfield’s strength in the market as an investor-developer managing the full process from land sourcing and building development, through to flexible leasing and proactive property management.  Dan Benhamou, Senior Vice President at Brookfield, said, “We’re not just delivering warehousing solutions; we are working with our tenants to implement their supply chain infrastructure. Our approach across the full logistics life-cycle, with in house development skills and operating capabilities, enables us to build leading platforms, for example Castignac, which is continuing to push boundaries that help our customers unlock more international growth opportunities.”  For more information, please visit the website at www.brookfield.com Building, Design & Construction Magazine | The Choice of Industry Professionals

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Environment Bank appoints Catherine Spitzer as new Chief Executive

Environment Bank appoints Catherine Spitzer as new Chief Executive

Environment Bank, a leading nature restoration company and biodiversity net gain (BNG) provider which delivers solutions to the built environment industry is pleased to announce the appointment of Catherine Spitzer as its new Chief Executive Officer.  She joins Environment Bank with a proven track record in scaling businesses and implementing successful growth strategies. Catherine previously served as Managing Director at property consulting firm Bidwells LLP. In her new role, Catherine will oversee Environment Bank’s strategic direction, working closely with stakeholders to develop innovative BNG solutions for developers in England. She will also develop the company’s voluntary ‘Nature Shares’ proposition, aimed at large organisations with nature-positive ambitions. Commenting on her appointment, Catherine said: “I am delighted to join Environment Bank and to have the opportunity to contribute to such important work. This is a very exciting new phase for the company with the BNG regulations coming into force in February. I am looking forward to working with developers and delivering the highest integrity BNG solutions in the market.” Out-going CEO, James Cross, who has led Environment Bank since 2018, said: “Working alongside Professor David Hill and building such an amazing team has been a career highlight for me. With the BNG regulations passing into law in February 2024, the time is right for me to now pass on the baton to Catherine and I wish her and the whole team the very best of luck for the next phase of their journey.” Founder and Chair of Environment Bank, Professor David Hill, expressed gratitude for James Cross’s contributions. He said: “We extend our thanks to James for his many years of service and leadership. His passion for conservation and his strategic focus and expertise across the land-based sectors has been instrumental in shaping Environment Bank’s success. We wish him all the very best in his future endeavours.” Professor Hill also warmly welcomed Catherine Spitzer to the role, expressing confidence in her ability to lead Environment Bank into its next phase of growth and impact. “Catherine brings a unique combination of private equity investment, leadership, commercial experience and delivery to Environment Bank and we are excited to have her on board to lead the next stage of growth,” he added. Building, Design & Construction Magazine | The Choice of Industry Professionals

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Q1 investment volumes reach £8bn, putting 2024 on course to be 12% up on 2023

Q1 investment volumes reach £8bn, putting 2024 on course to be 12% up on 2023

Commercial property investment volumes across the UK reached approximately £8 billion in the first quarter of 2024, according to Savills. In its latest Market in Minutes report, the international real estate advisor says that, subject to upward revision, at this trend rate the remainder of 2024 would deliver approximately a 12% increase on the £28.4bn total recorded for the whole of 2023. Savills says that a major driver of increased investment volumes this year could be the regional office market as the sector’s prime yield currently sits higher than that of the retail and industrial, despite them historically sitting in-line, reflecting specific post-pandemic concerns about the sector, with the yield gap between London offices and the rest of the UK also at its highest point in 32 years, at 2.6%. “With rental levels for top quality offices in regional cities increasing and the yield gap to other prime markets being the largest this century, wider UK offices provide a very interesting opportunity for investors”, comments Richard Merryweather, joint head of UK commercial investment at Savills. He continues: “The yield gap between London and regional offices is at its widest since 1991, so despite there being some headwinds still to dissipate, there is a real opportunity for buyers to take advantage of the difference now, while many geared buyers are finding the cost of debt for this sector prohibitively high.” Building, Design & Construction Magazine | The Choice of Industry Professionals

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Lincolnshire showcasing £1bn of investment opportunities as exhibitor at UKREiiF

Lincolnshire showcasing £1bn of investment opportunities as exhibitor at UKREiiF

Visitors to the event can discover investment options in Greater Lincolnshire including Low Carbon Energy and Agri-food Councils from Greater Lincolnshire will be represented at the annual real estate investor forum UKREiiF next month, alongside representatives from the Greater Lincolnshire Local Enterprise Partnership (GLLEP) and Team Lincolnshire – a public and private sector group of Lincolnshire ambassadors. The Greater Lincolnshire contingent will also be providing two speaker sessions at the event within the Midlands Engine Partnership Pavilion, led by nationally recognised sector specialists; Lincolnshire: Feeding the UK and Energy in the UK: How Lincolnshire is at the Forefront of the Low Carbon Energy Sector. With over £1bn of investment opportunities in the region, Greater Lincolnshire will be showcased by the collaborative inward investment team, who will be promoting the county’s strengths as the place to live, learn and work, with an emphasis on the quality of life. Investment opportunities across the region include the South Lincolnshire Food Enterprise Zone, Humber Freeport, offshore renewables hub, hotel sites ready for development, land earmarked for housing, multiple business centres and commercial space and more. UKREiiF runs from 21 to 23 May, and now in its third year, it’s set to attract more than 10,000 delegates from the property industry, with more than 250 UK local authorities in attendance and 70 guest speakers over the three-day event. Councillor Colin Davie, Executive Portfolio Holder for Environment and Economy at Lincolnshire County Council, said: “We have ambitious plans for Greater Lincolnshire and using the national platform UKREiiF provides, will be targeting investors, developers and organisations that can help drive forward our five core sector propositions. These are low carbon energy, agri-food, advanced engineering and manufacturing, defence & security and our visitor economy. “As we have 25% of England’s grade 1 arable land and 11% of its food production, with leading industry clusters across the food value chain, from agriculture to food manufacturing, this will of course continue to be a focus for a lot of our conversations.” Lincolnshire excels in food processing and agri-tech and was chosen as one of the Government’s manufacturing zones. This followed growth deal grants of £18 million, including £5.1 million for South Lincolnshire Food Enterprise Zone and £2.4 million for University of Lincoln’s Centre of Excellence in Agri-food and Technology at Holbeach. Andy Gutherson, Executive Director of Place at Lincolnshire County Council adds: “We’re well- positioned in Greater Lincolnshire because as well as having established industries, we are also at the forefront of emerging opportunities for investment in the UK. In low carbon energy, we are already creating profitable opportunities and industrial businesses aligned with national sustainability goals. “We are also home to the UK’s most ambitious industrial decarbonisation project, a dynamic circular economy cluster, and the country’s leading offshore renewables hub.” Ruth Carver, Chief Executive at Greater Lincolnshire LEP said: “By attending UKREiiF as a collective, we are showcasing what Greater Lincolnshire can offer to an audience of key players, developers and decision makers within the property and investment industry.   “Our team will be more than happy to talk about the devolution opportunities and recent developments in Greater Lincolnshire either now or in the future.” In addition, Team Lincolnshire, professional services firm Knights and contractor Lindum will be co-hosting a fringe event for Team Lincolnshire ambassadors and guests on 22 May, with over 100 attendees expected. Those interested in attending can email teamlincolnshire@lincolnshire.gov.uk   The Greater Lincolnshire Pavilion is within the Pavilion Zone at the event with refreshments from Lincoln-based operator Stokes Tea & Coffee. Building, Design & Construction Magazine | The Choice of Industry Professionals

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Year of opportunity, as investors give a vote of confidence to Glasgow city centre

Year of opportunity, as investors give a vote of confidence to Glasgow city centre

89% expect to see investment opportunities increase in the next year, according to Lismore research Investor research by leading independent property advisory firm, Lismore Real Estate Advisors has shown that 89% of investors expect to see investment opportunities in Glasgow city centre market increase over the next year. Property companies are the most bullish, with over 90% forecasting a year of opportunity, while funds are more cautious at 40%. Investor feedback underscores Glasgow’s attractiveness due to its favourable yield gap compared to other key regional cities and robust fundamentals across various sectors, including an under supply of PBSA, a strong prime retail market and in the office sector, a low availability of Grade A space. Living and Industrial sectors are favoured by investors, accounting for 32% each, reflecting the appetite nationally for these sectors on the back positive supply/demand dynamics and strong forecast rental growth. The retail and office sectors also garner interest by 18% of respondents, with the micro location being highlighted as fundamental to appetite for both sectors. Despite this upbeat sentiment, only 21% expressing confidence in the public sector’s support, citing potential challenges such as rent control legislation hindering Glasgow City Council’s ambitions to revitalise its urban core and bring residents back to its heart. Positively, there is certainly appetite from the public sector and the Glasgow City Region deal will deliver £1.1bn in public sector investment to deliver major infrastructure and regeneration projects over the coming years. For an expert view, Lismore interviewed Stuart Orr, Senior Development Manager of Land Securities, who said: “Glasgow’s allure for redevelopment and investment lies in its robust infrastructure and economic prowess, boasting a substantial, well-educated population and thriving sectors like office and retail, with Buchanan Street having effectively zero vacancy and 20% rental growth over the last 18 months. “Challenges persist, with construction costs and financing hurdles hindering redevelopment projects in recent years. Despite setbacks, Glasgow’s resilience shines through, with strategies focusing on sustainable mixed-use and PBSA developments. Glasgow’s potential remains recognised, even amidst day-to-day urban issues, including a better integrated public transport infrastructure that connects to the airport and improvements to public realm. “As regeneration efforts continue, areas like Tradeston, Lancefield Quay and Cowcaddens emerge as hot spots for revitalisation, driven by favourable land values and proximity to transport hubs, promising a vibrant future for the city’s urban landscape.” Simon Cusiter, Director of Lismore agrees: “Glasgow City Council’s aspirations to rejuvenate the heart of the city and draw residents back to its centre reflect a broader trend in the UK property market. “Glasgow’s city centre population growth hinges on rent control policy, but uncertainty due to the Housing Bill, delays investment and has stalled development for several years. Short-term impacts hinder growth, but the medium-term potential is significant. It is more crucial than ever that public and private sectors are properly aligned in order to stimulate the development and regeneration the city deserves. “Glasgow’s resilience shines through, but the key to unlocking this potential is in supporting regeneration in the city centre collaboratively between public and private sector to provide housing and office space to allow the city to thrive.” More detailed research findings and expert views from Stuart Orr and Simon Cusiter can be found in the Lismore Quarterly Review for Q1 2024, available to download from: HERE           Building, Design & Construction Magazine | The Choice of Industry Professionals

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Financial Close for New Student Accommodation Development in Canning Town

Financial Close for New Student Accommodation Development in Canning Town

Linkcity, the development arm of Bouygues UK, and Crosstree Real Estate Partners are delighted to announce the financial close and start on site of the fourth phase of the regeneration of Hallsville Quarter in Canning Town, London, forming part of the £3.7 billion Canning Town and Custom House Regeneration Programme. Phase 4 of the Hallsville Quarter proposes a new and exciting home for students in London developed by Linkcity, with design by PRP Architects and interiors by Holloway Li.  The scheme comprises 375 purpose-built student accommodation rooms and a range of market-leading student amenity space with a roof terrace and landscaped public realm.  As with the previous phases, Bouygues UK will be the main contractor and will take a low-carbon, sustainable approach targeting BREAAM Excellent. This project marks the penultimate phase of the £600 million Hallsville Quarter Masterplan and is expected to complete in the summer of 2026 ahead of the 2026 / 2027 academic year.  In total, the Hallsville Quarter development will provide over 1,100 private and affordable homes, over 30,000 square metres of leisure and retail space and a new hotel all located directly opposite Canning Town underground station.  The masterplan also provides new public spaces including play areas, pedestrian links, cyclist provisions and secure parking spaces. Oliver Campbell, Development Director of Linkcity said, “This is an exciting and pivotal moment as we reach financial close on the fourth stage of the Hallsville Quarter masterplan and commence work on site. The location of this development, in the thriving new town centre in Canning Town, will provide a vibrant area for students with excellent links into the centre of London. We are delighted to commence this joint venture with Crosstree and look forward to seeing the progress on site as we reach the final stages of this landmark, residential project.”Peter Robinson, Partner at Crosstree Real Estate Partners, added, “Crosstree continue to be active investors in the student accommodation sector benefiting from attractive cyclical and secular fundamentals.  Given the market dislocation for forward funding transactions of this type, Crosstree is excited to partner with Bouygues UK, a best in class contractor/developer in taking forward a thoughtfully designed and highly specified PBSA scheme.  Canning Town is a strong student location with excellent connectivity via the Jubilee Line to major university campuses in Stratford and London Bridge with 160k+ students within a 30-minute travel time.  Together with our partners we look forward to the successful realisation of this project.” Building, Design & Construction Magazine | The Choice of Industry Professionals

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