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The acquisition has been made on behalf of its two largest balance funds, the UK Property Fund and the Management Fund. The tower comprises 276 luxury apartments, ranging from one, two and three bedrooms across 37 storeys. The tower’s amenities include a two-storey gym, a 20m swimming pool, a sauna, a steam room, fitness studios […] More
NAV at the group, which invests in affordable shared ownership, retirement and Local Authority housing, fell to 107.7p a share at the end of December, compared to 108.6p on 30 September. ReSI’s portfolio value stood at £260.3m, down £500,000, as the VAT resulted in increased service charges payable by Resi during the quarter. The group […] More
The proposed 2,224 bedroom scheme will be built across multiple buildings including a 45-storey tower on plot 11 of First Street, which Downing bought from Patrizia last year for around £18m. The design by Manchester favourites SimpsonHaugh also features 44,000 sq ft of amenity space. The plans include 11 different types of accommodation, ranging from […] More
For those interested in property in the South East, Waterford Property Watch Live is the place to be this Wednesday. The property sales event is hosted by property sales, letting and management experts Liberty Blue Estate Agents and runs from 5.30pm to 7pm on the day at the Boxworks at 40 Patrick Street, Waterford. Owner […] More
Pre-tax profit for the 14 months to the end of October fell to £43.4m, from the £58.1m reported for the 12 months to the end of August 2018. The group blamed the profit fall on a challenging market backdrop and strategic structural changes. It incurred £17m of exceptional costs that included costs related to the […] More
The scheme, which is built by charity Abbeyfield, Braintree, Bocking & Felsted Society, will see the development of 99 retirement living flats, comprising 37 affordable-rented units and 62 units for sale with options for shared ownership. The development will also feature a central community hub and a number of communal facilities including a bistro/dining area, […] More
The 294-unit building will be developed and operated by Packaged Living and is due for delivery in the second quarter of 2022. Aubrey Place will also include 2,500 sq ft of indoor amenity and 17,234 sq ft of amenity space outdoors. “Adding Aubrey Place to our growing UK residential portfolio is ideal, thanks to Milton […] More
The loan, provided by Starz Real Estate, is against luxury accommodation schemes The Neighbourhood Exeter and The Neighbourhood Cardiff, which provide 369 beds with access to onsite facilities including a gym, a cinema and study rooms. The buildings are operated by Collegiate AC, a student accommodation provider that manages assets in 30 cities across Europe. […] More
