UKREiiF’s Post

Redevelopment projects: 8 common mistakes housing societies make when embarking on redevelopment, how to avoid it https://lnkd.in/g_PJqe8y

Today we announce construction completion for our first investment in the co-living sector.    The Apiary is less than one minute from Ealing Broadway station, London, accommodating 81 homes and a range of purpose-designed amenity spaces, including a contemporary private dining area, wellness studio and rooftop terrace with expansive views over the city. The Apiary was forward funded by our fifth value-add fund, Moorfield Real Estate Fund V (MREFV) and is part of our living sector strategy, which includes portfolios in single-family-housing, multi-family build-to-rent, student housing (HMO and PBSA), and retirement living/nursing homes, in addition to co-living.    Other recent activity in the living sector includes our forward-funding of a 440 home multi-family build-to-rent scheme in Manchester, which marked our re-entrance into a sector we helped pioneer in the UK.    Heiko Figge, Head of Operational Asset Management at Moorfield Group said: “Construction completion for our first co-living investment marks a major milestone within our UK living sector strategy and follows our extensive experience in purpose-built student accommodation and build-to-rent. There remains a structural under-supply of high-quality homes for rent, especially in major cities like London, and we see harnessing institutional capital into residential investment as being key to solving the housing crisis.    “The Apiary’s quality design, amenities and robust sustainability credentials will provide a top-tier rental offering to one of London’s most vibrant and accessible submarkets, perfectly located to suit the needs of young professionals.” Read more in BTR News

// 🏠 Billbergia and Homes NSW Spearhead Sydney Housing Revolution: 1,300 New Dwellings by 2026 🏗 In a bid to address the pressing housing shortage in Greater Sydney, renowned Australian developer Billbergia Group, in collaboration with Homes NSW, is poised to introduce 1,300 fresh residences to the urban landscape by 2026. This ambitious initiative aims to accommodate approximately 3,000 individuals, marking a significant step towards easing the housing crisis gripping the region. 🏘 With an impressive collective value exceeding $1.3 billion, the endeavor encompasses three groundbreaking mixed-tenure developments strategically situated at Lidcombe, West Ryde, and Arncliffe. Noteworthy is the fact that all three projects are meticulously crafted, financed, and executed by Billbergia on parcels of land provided by the Government of New South Wales (NSW Government), strategically positioned near key transportation hubs. 🚉 Representing a pioneering solution to the persistent housing challenges, these mixed-tenure projects stem from a collaborative effort involving Billbergia Group, Homes NSW, and Community Housing Providers (CHPs) such as Evolve Housing Group and St George Community Housing (SGCH). 💪 Developer: Billbergia Group Partnership: Homes NSW Housing Provider: Evolve Housing Housing Provider: SGCH Architecture (Lindcolme Rise): Plus Architecture Architecture (Arncliffe Central): GroupGSA Architecture (The Parade West Ryde): PTW #propertydevelopment #sydney #sydneyhousing #architecture #architecturaldesign #housingcrisis #planning #construction #newsouthwaleshousing #investment #sydneyproperty #urbanrenewal #urbanplanning #futurecities #nswgovernment #housingsupply https://lnkd.in/gHW5tPNV

♛ Prince's Trust Embraces Timber for Social Housing Solutions! 🚧 The Prince's Trust Australia has chosen to integrate mass timber systems into its largest social housing project. Known as Prince's Quarter, the initiative is set to provide 75 new social apartments and terraces in Sydney's inner west. 🪵The project will use 2,500 cubic metres of cross-laminated timber and 15 cubic metres of glue-laminated timber provided by Xlam and Hyne Timber. 🔸 Key Updates: 1️⃣ Site Visit Success: Last week, the project team visited the XLam production facility. The team, led by Kane Construction's Senior Project Manager Vargh Zare, announced that timber will be supplied to the site within four weeks. 2️⃣ Timber Triumph: The Prince's Quarter will use 2,500 cubic metres of cross-laminated timber and 15 cubic metres of glue-laminated timber, "emphasising the use of locally sourced, sustainable materials certified by Responsible Wood and PEFC." 3️⃣ Early engagement: Xlam Australia's involvement in the project's pre-tender design process for over two years showcases the importance of partnership in achieving sustainable innovation in the construction industry. 🤔 #questionforgroup: How can other organisations follow The Prince's Trust's lead in adopting sustainable materials for large-scale construction? What impact could this have on the future of urban development? 🗓️ With the structure installation phase just weeks away, the project is working toward a 2024 grand opening. 🔗 Delve deeper into this story of sustainable innovation: https://lnkd.in/gbVf9Wpd #construction #socialhousing #princestrust #masstimber #greenbuilding #affordablehousing #architecture #engineering #netzero #housingcrisis #timber #nswgov #nswpol #building #modular #prefab

Co-living schemes spotlighted at #MIPIM2024 through the ‘Build-to-Rent and Co-Living in the Capital’ Panel, are showing signs of strong growth. Among the new developments, a recent one approved by The City of London Corporation’s Planning Applications Subcommittee is Murray House, at 45 Beech Street, which will deliver 174 private rental co-living units and further landscaping and public realm work that will transform the area into a new cultural space and destination. At present: 🏘️ £1 billion has invested in funding or acquiring co-living developments since 2020 🏘️7,540 operational co-living homes are present in the UK 🏘️13,483 are either under construction or with planning permission 🏘️33 local authorities have a co-living scheme either complete, under construction or with planning granted This article from Hospitality Investor, titled “Is co-living the answer to the UK’s housing crisis?” provides an in depth look at the sector, exploring tenant demand, investor and planner appetite, and standout co-living projects. #HighDensityHousing #Housing #CommunityLiving Read now: https://lnkd.in/e_w4Zdw3

Mixed-use developments are not a novel idea but are seen as a promising prospect amidst the housing crisis. With a heightened focus on sustainability and urban regeneration initiatives, they are increasingly gaining popularity in the UK. Laura Brooks explores how these developments present a distinct opportunity for property developers and investors looking to diversify their portfolios, maintain long-term stability and scalability, all while securing attractive returns. 👉 https://lnkd.in/eAMPTKjs #propertydeveloper #peropertyinvestor #housingcrisis #propertymarket #mixedusedevelopment #commercialrealestate #residentialproperty #realestate #urbanregeneration #levellingup #planning

This week's #realestate news from around the UK: Property and construction company O'Shea Group has purchased a site for 350 apartments in North Acton, London. O'Shea Group and its development manager PLACE Group purchased the site earlier this year from Citrus Group. The place has now signed a Section 106 agreement with the Ealing Council (London Borough of Ealing) and the Old Oak and Park Royal Development Corporation (OPDC), paving the way for the development. In what is the largest retail warehousing trade of the year so far, CBRE Investment Management has agreed to sell a shopping park in Durham for around £105m. Realty Income Corporation is set to buy Arnison Retail Park, a 335,000 sq ft asset on the edge of the city, from the global investment manager. Newly launched residential developer Elder London has kicked off a partnership with investor ALARA INVESTMENTS LIMITED, with the unconditional acquisition of a brownfield site in Reading town centre. Elder was launched by development duo Ed Marsh, formerly founder of FRT Development, and Charlie Hustler, former director of Essential Living, to provide housing solutions that address the recent shift towards hybrid living and working patterns. Bywater Properties has been given the green light to deliver an overhaul of 123 Golden Lane, an office in central London. Having acquired the building in Clerkenwell in December 2023, the developer and investor have now secured planning consent from Islington Council to comprehensively upgrade the office, with work expected to start later this year. Plans for the largest student accommodation scheme in Northern Ireland to date have been approved. The joint venture between Watkin Jones Group and Lacunadevelopments has secured planning consent for a 1,007-bed student scheme in Belfast. The Earls Court Development Company (ECDC) has formally submitted its 7.5m sq ft masterplan to redevelop the former Earl’s Court site in central London. A detailed planning application has also been lodged for the first phase of the scheme, which will comprise two buildings rising 42 and 27 storeys to host around 1,500 new homes and nearly 200,000 sq ft of retail, leisure and dining spaces. The residences will consist of rental units, for sale and specialist housing for students and later living. The first stage is anticipated to kick off construction in 2026, subject to planning permission. A planning application has been submitted by DC01UK to develop an 85 acre site in Hertfordshire into a data centre campus. DC01UK had recently unveiled a consultation website featuring its proposals for the complex which targets a capacity of 320MW. The campus will comprise three buildings with up to 2m sq ft of floor space and is estimated to have a construction value of around £3.75bn. Knight Frank is acting as an adviser on the project. All articles can be found via Green Street News: Europe and Property Week #development #realestate

Radical plans to transform a 1960s brutalist multi-storey car park into over 100 flats have been lodged with Newcastle-Under-Lyme Borough Council. Developer Capital&Centric aim to transform Midway car park into one-to-three bed flats with social hub, gym, mini-cine and lounge space. Developer aims to give brutalist concrete structures in prime town centre spots a new lease of life while saving embodied carbon within them The proposed neighbourhood is the first of three sites being brought forward with the Council to re-boot key town centre spaces, a project which has attracted more than £35m of investment from the Government’s Future High Street Fund and Town Deal Fund. John Moffat, joint managing director at Capital&Centric, said: “The challenge of building on brownfield land is you need to be bold and creative in your approach. Our radical plans for Midway are exactly that, and will bring forward much needed homes in a prime town centre spot. Existing Midway multi-storey car park “People thought we were mad when we said we wanted to create new homes from a car park but the plans show that it can work and it’s actually made for a more interesting and unique neighbourhood.” Councillor Simon Tagg, Leader of Newcastle-under-Lyme Borough Council, said: “The ageing and outdated Midway will soon be redundant with the opening of Castle car park and this exciting proposal avoids wasteful demolition and allows new housing to spring up on a prominent town centre brownfield site. “Castle car park will provide a clean, safe car park for the whole town centre. Along with the regeneration of the Ryecroft and York Place with homes, shops and open space, we are beginning to see the visible signs our multi-million regeneration.”  

♛ Prince's Trust Embraces Timber for Social Housing Solutions! 🚧 The Prince's Trust Australia has chosen to integrate mass timber systems into its largest social housing project. Known as Prince's Quarter, the initiative is set to provide 75 new social apartments and terraces in Sydney's inner west. 🪵The project will use 2,500 cubic metres of cross-laminated timber and 15 cubic metres of glue-laminated timber provided by Xlam and Hyne Timber. 🔸 Key Updates: 1️⃣ Site Visit Success: Last week, the project team visited the XLam production facility. The team, led by Kane Construction's Senior Project Manager Vargh Zare, announced that timber will be supplied to the site within four weeks. 2️⃣ Timber Triumph: The Prince's Quarter will use 2,500 cubic metres of cross-laminated timber and 15 cubic metres of glue-laminated timber, "emphasising the use of locally sourced, sustainable materials certified by Responsible Wood and PEFC." 3️⃣ Early engagement: Xlam Australia's involvement in the project's pre-tender design process for over two years showcases the importance of partnership in achieving sustainable innovation in the construction industry. 🤔 #questionforgroup: How can other organisations follow The Prince's Trust's lead in adopting sustainable materials for large-scale construction? What impact could this have on the future of urban development? 🗓️ With the structure installation phase just weeks away, the project is working toward a 2024 grand opening. 🔗 Delve deeper into this story of sustainable innovation: https://lnkd.in/gYzjRM5V #construction #socialhousing #princestrust #masstimber #greenbuilding #affordablehousing #architecture #engineering #netzero #housingcrisis #timber #nswgov #nswpol #building #modular #prefab

♛ Prince's Trust Embraces Timber for Social Housing Solutions! 🚧 The Prince's Trust Australia has chosen to integrate mass timber systems into its largest social housing project. Known as Prince's Quarter, the initiative is set to provide 75 new social apartments and terraces in Sydney's inner west. 🪵The project will use 2,500 cubic metres of cross-laminated timber and 15 cubic metres of glue-laminated timber provided by Xlam and Hyne Timber. 🔸 Key Updates: 1️⃣ Site Visit Success: Last week, the project team visited the XLam production facility. The team, led by Kane Construction's Senior Project Manager Vargh Zare, announced that timber will be supplied to the site within four weeks. 2️⃣ Timber Triumph: The Prince's Quarter will use 2,500 cubic metres of cross-laminated timber and 15 cubic metres of glue-laminated timber, "emphasising the use of locally sourced, sustainable materials certified by Responsible Wood and PEFC." 3️⃣ Early engagement: Xlam Australia's involvement in the project's pre-tender design process for over two years showcases the importance of partnership in achieving sustainable innovation in the construction industry. 🤔 #questionforgroup: How can other organisations follow The Prince's Trust's lead in adopting sustainable materials for large-scale construction? What impact could this have on the future of urban development? 🗓️ With the structure installation phase just weeks away, the project is working toward a 2024 grand opening. 🔗 Delve deeper into this story of sustainable innovation: https://lnkd.in/gHdk5Z8W #construction #socialhousing #princestrust #masstimber #greenbuilding #affordablehousing #architecture #engineering #netzero #housingcrisis #timber #nswgov #nswpol #building #modular #prefab