Humber Freeport helps to secure ￡250m investment at key industrial cluster
Humber Freeport has helped to attract yet another major inward investment by playing a key role in securing a ￡250m development by a world-class business.
Mitsubishi Chemical Group , part of one of the world’s largest chemical producers, has committed to invest in a new production line at Saltend Chemicals Park, which is located within one of the three Humber Freeport tax sites.
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Investec has provided a joint venture between Watkin Jones Group , the UK’s leading developer and manager of residential for rent, and HGP , the Lloyds-backed equity investor, with a development loan to fund the construction of a purpose-built student accommodation (PBSA) scheme in Stratford, East London, with a GDV of c. ￡120 million. - https://www.ukreiif.com/investment-news/investec-loan-pbsa-london/
Bicester Motion and Skyports Infrastructure , the leader in vertiport infrastructure for the advanced air mobility (AAM) industry, have been given the green light to build the UK’s first vertiport testbed for the electric air taxi industry. - https://www.ukreiif.com/investment-news/green-light-skyports-vertiport/
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Meeting residential property demand, work has completed on a new social housing scheme in Bedford, which will see the area benefit from 75 affordable homes. The Saxon Park site, located on Dovecote Drive in Biddenham, provides prospective homeowners with flats, as well as terraced and semi-detached 2, 3, 4 and 5-bed homes just three miles from Bedford town centre. - https://www.ukreiif.com/investment-news/bedford-social-housing/
Plans to transform the Portcullis House site in Glasgow’s Charing Cross into a student accommodation complex have been approved by Glasgow City Council , pending certain conditions. - https://www.ukreiif.com/investment-news/glasgow-potcullis-house-student/
Hill Group UK , in collaboration with the United Colleges Group , has put forward a proposal to redevelop a site in North London, aiming to deliver 1,675 new homes. - https://www.ukreiif.com/investment-news/hill-north-london-new-homes/
Barratt Homes is on track to complete its acquisition of rival Redrow later this week, according to a joint statement from both companies. The ￡2.5 billion all-share deal, initially announced in February, faced scrutiny from the Competition and Markets Authority (CMA), which conducted a Phase 1 investigation starting in March. - https://www.ukreiif.com/investment-news/barratt-redrow-acquisition/
Pinnacle Group is enhancing its affordable housing efforts with the addition of 250 new homes, raising its portfolio to 1,000 properties across England and Wales. Developed by Persimmon Homes , these homes will be managed by Pinnacle Spaces, one of Pinnacle’s Registered Providers. - https://www.ukreiif.com/investment-news/pinnacle-group-homes/
Wavensmere Homes has submitted a full planning application to City of Wolverhampton Council for the proposed ￡150m residential-led Canalside South development. The 17.5-acre former industrial site is located within the city centre – moments from the transport interchange – and benefits from frontage onto the Wyrley & Essington Canal and the Wolverhampton Branch of the Birmingham Main Line Canal. - https://www.ukreiif.com/investment-news/wavensmere-plans-homes-canalside/