More stories

  • in

    Galliard shuts down construction sites

    London residential developer Galliard has shut down all of its construction sites, with the exception of important safety works. The developer said the decision will remove 2,500 construction workers from the London transport network and that the decision “would help ensure the health and safety of the company’s on site staff”. It said the rest […] More

  • in

    Covid-19: Redrow warns of impact on house sales and cancels dividend

    As construction workers have been designated as key workers during the health crisis, Redrow, and other housebuilders are permitted to continue to work on schemes. The group said: “Our main priority is to safeguard the well-being of our workforce and customers. Sites currently remain open with strict precautions in place including enhanced levels of cleaning, […] More

  • in

    Future Generation secures loan for Sheffield scheme

    It comes at the end of five days of dealmaking for the company, which saw it secure another £55m development loan to construct two other student schemes in Loughborough and Nottingham.  The work on the final phase of Steel City, Sheffield, is being funded by the refinancing of another Maslow Capital development loan that covered […] More

  • in

    Guild Living and Channel 4 professor launch research programme to influence retirement communities

    The partnership is being led by visiting University of Bath professor Malcolm Jonson, who was featured in Channel 4’s BAFTA-winning series Old People’s Home for 4 Year Olds. Guild Living, which is working on its first three schemes in Bath, Epsom and Walton-on-Thames, said the research will focus on tackling loneliness in older people. It said […] More

  • in

    New London housing targets fall short of true housing needs

    The latest London Plan, drafted by mayor of London Sadiq Khan, sets a target of 52,000 homes per year. This falls far short of the government’s 72,000 calculation of London’s housing need, and Savills’ 95,000 figure for uncapped housing need – a calculation of the level of housing supply needed to bring down prices to […] More

  • in

    Secure Trust Bank Real Estate Finance refinances £18m for QIP

    Secure Trust Bank Real Estate Finance has refinanced a £18m facility for Q Investment Partners (QIP), on Straits Manor, a purpose built student accommodation complex in Sheffield.  QIP acquired the 11-storey development in 2017, and it currently comprises 284 units. It is managed by Prestige Student Living.  QIP owns just under 1,000 student beds in […] More