Subterms
Grainger, the UK’s largest listed provider of private rental housing, is seeking to raise around £185m from a placing of almost 10 per cent of the company’s shares. The group is placing up to 61.2m shares, which represents 9.99%, and including additional debt of around £120m based on company’s LTV target range, it will generate […] More
The Hong Kong-based developer bought Ensign House and an adjoining surface car park this week for £28.25m, and will demolish both to make way for the mixed-use development, it said. The new scheme will sit directly opposite FEC’s planned Consort Place, due for completion in 2023, which comprises 634 residential units and a 231-room hotel. […] More
Housing secretary, Robert Jenrick, has announced the government’s plan to cut the cost of some new homes for first-time buyers by a third. The average price of a new home in England is £314,000 and the first home First Homes scheme would help take 30% off this price—about a £94,000 savings. The scheme will work […] More
Eight Leinster counties record increases of at least 5% in the number of residential sales compared with 2018 Number of sales falls by 2.2% in Dublin but rises by 5.9% in Cork Wicklow sees biggest jump in number of sales (up 21.5%) Number of national residential sales stays flat (up 1.6%) A new study based […] More
The proportion of homes sold about the list price fell to a three-year low of 19.9% in 2019, suggesting last year was a less competitive one for buyers. The coolest top-35 markets were Miami (8.9% of homes sold above asking), Las Vegas (12.6%) and Tampa (13.3%). Las Vegas fell from 26.8% a year ago, which […] More
The site is close to its existing Crusader Mill and Phoenix developments in the Piccadilly East neighbourhood. TfGM originally bought the site for its Metrolink line, but the cleared site has been derelict for a number of years. Capital & Centric’s plans for it include apartments and amenity spaces, such as co-working space and a […] More
BBS Capital previously advised the other two parties on the £150m Nightingale Quarter scheme, but has now formalised its place in the joint venture. BBS Capital co-founder Nick Spencer said the group was actively seeking further residential sites in major cities, particularly in the Midlands. The Derby development will comprise 349 apartments and 125 townhouses […] More
Wise Living, the build-to-rent (BTR) arm of property services firm SDL Group, plans to build more than 10,000 homes by 2025, it announced today. Its plans are backed by recently-launched partnerships with investors Triple Point and ICG Longbow, as well as developers Keon Homes and Lovell Homes. The company will look to secure more long-term […] More
