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Construction industry wins business secretary praise

Development Funding News:- Business secretary, Alok Sharma, has thanked the construction industry for rising to the challenge of ensuring people have safe and healthy homes and helping the NHS. Mr Sharma wrote an open letter yesterday, March 31, praising the sector for supporting the country and the economy in its time of need. “The construction industry has answered the call to action. Whether by building temporary hospital wards, installing complex and life-saving oxygen systems, constructing the infrastructure that society needs [...]

By |2021-11-13T09:25:04+00:00April 1, 2020|Blog, Finance News, Planning News, Projects|0 Comments
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House BUYING MORTGAGE Approvals Climb in February

Development Finance News:- Mortgages for buying homes reached 39,083 last month - a 1.4 percent year-on-year rise according to UK Finance data. Gross mortgage lending across the residential market at £19.1bn was 2.5 percent higher than in February the previous year. The number of mortgages approved by the main high street banks in February 2019 was 2.2 percent lower than the same month in 2018. Development Finance- Property price growth looks modest Despite the increase in approvals and rise in [...]

By |2021-11-13T10:26:25+00:00March 26, 2019|Blog, Finance News, Planning News, Projects|0 Comments
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Green Flag for the CLOCKHOUSE & ACCESS HOUSE Project, London

Bridging Finance News:- A brand new construction will be soon standing up on the project site Clockhouse & Access House, Imperial Street, Bow, London, E3 3AE. This project, popularly known as the CLOCKHOUSE & ACCESS HOUSE Project, is a new venture of the renowned client Plot Bromley by Bow LLP. According to the details of the granted project plan, the construction will comprise a structure of 27 storeys with one storey below the ground. The buildings will feature 491 units [...]

By |2021-11-13T10:27:40+00:00March 22, 2019|Blog, Finance News, Planning News, Projects|0 Comments
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West Midlands Set to Have 215,000 New Homes Soon

Development Finance News:- Chancellor Philip Hammond announced a deal has been struck for 215,000 new homes in the West Midlands over the next decade. He made the announcement in his spring statement saying a £100m land remediation fund grant would help finance the new housing. "We are working currently with 44 authorities who have bid into the £4.1 billion housing infrastructure fund, to unlock homes in areas of high demand. "We are concluding housing deals with ambitious authorities who have [...]

By |2024-06-27T02:33:30+00:00March 15, 2019|Blog, Finance News, Planning News, Projects|0 Comments
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HARLOW PRIORITY ESTATES PROJECT Construction Started

Refurbishment Loans News:-The building of the HARLOW PRIORITY ESTATES – THE BRIARS, COPSHALL CLOSE AND AYLETS FIELD have been started at The Briars, Aylets Field, Copshall Close, Harlow, Essex, CM18 7DG. The main plan is to regenerate the building which will provide development to the 343 dwellings. This is being done due to the demolition of the bungalows with new community centre. Parking will be associated and infrastructure will be provided to access the estate roads. The detail planning is [...]

By |2021-11-13T10:25:16+00:00March 6, 2019|Blog, Finance News, Planning News, Projects|0 Comments
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Funding Issues Biggest Hitch for Building Boom

Challenges accessing bridging finance and credit are hampering construction growth despite a buoyant market, say 75 percent of surveyors. Bridging Finance- It's cited as the biggest obstacle in the Royal Institution of Chartered Surveyors', RICS, construction and infrastructure market survey for the third quarter of 2018. "When asked how credit conditions have changed over the past three months, 12 per cent more respondents reported a deterioration rather than an improvement," said the study.  And they added they expected this to get worse [...]

By |2021-11-13T10:14:37+00:00November 26, 2018|Blog, Finance News, Planning News|0 Comments
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Leicester Square | Westminster | £150M -HZ Associates

Commercial Refurbishment Loans News: Heartiest congratulations to Radisson Edwardian Hotels Limited Head Office for gaining planning for the development of a hotel and residential units at the site Leicester Square, Panton Street, Whitcomb Street, Orange Street, Martin Street, Westminster, London, WC2H 7DT. This will be a privately funded brownfield site project, which will involve the demolition of the existing infrastructure before the construction of a new one. Commercial Refurbishment Loans The client will begin the project in March 2017, and [...]

By |2021-11-13T09:51:19+00:00July 20, 2018|Blog, News, Planning News, Projects|0 Comments
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Former Nestle Factory | Master Plan | £175.2M – HZ Associates

Barratt (West London) Limited deserves a kudos for gaining planning for the redevelopment of the old Nestle Factory at the site Nestles Avenue, Hayes, Middlesex, UB3 4QA. This will be a privately funded brownfield site project, which will involve the demolition of the existing infrastructure before the execution of the master plan to replace the old Nestle Factory. Due to the size of the project infrastructure development finance will be used to cover most of the cost. Infrastructure Development Finance The [...]

By |2024-10-21T14:01:36+00:00July 19, 2018|Blog, News, Planning News, Projects|0 Comments
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Ferry Lane | Walthamstow | £100M -HANK ZARIHS ASSOCIATES

Congratulations to Legal and General Group PLC (Head Office), that has officially submitted an application for the redevelopment of residential units at the site Ferry Lane Industrial Estate, Units 1- 9, Wickford Way, Walthamstow, London, E17 6HG. This project will be mainly privately funded, and it has been categorized as a Brownfield Contract project, which means that it will mainly consist of refurbishing, extending or repairing the existing infrastructure on the land. Legal and General will most likely use Online [...]

By |2021-11-13T09:51:47+00:00July 13, 2018|Blog, News, Planning News, Projects|0 Comments
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150 Bishopsgate | £500M | 120 Units – HZA

Residential Loans News:-In the official application submitted by Stanhope Plc, for the mixed development of the residential and commercial property, the site chosen is 150 Bishopsgate, Staple Hall, 87-90 Hounds, 1-17 Devonshire Row & 77-84 Houndsditch &, City, London, EC2M 4RQ. The council of the City of London has categorized this development as a Brownfield Site project, and the application is still pending a detailed approval. Residential Loans News The development of the project will begin in November 2017. 1 [...]

By |2021-11-13T09:44:19+00:00March 8, 2018|Blog, News, Planning News, Projects|0 Comments
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Hertsmere House | 67 Storey | £800M

Commercial Refurbishment Loans News:-Greenland Group has submitted an official application for the development of a 67-storey building at the site Hertsmere House, 2 Hertsmere Road, West India Quay, Poplar, London, E14 4AL. The entire project has been labelled as a Brownfield Site project, and it will be a privately funded development. The subcontract has been awarded to the application, while it is still pending a detailed approval. Commercial Refurbishment Loans The time period for the development of this project is [...]

By |2021-11-13T09:45:39+00:00March 1, 2018|Blog, News, Planning News, Projects|0 Comments
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South Grove | 518 Units | £65M -HZA

London Bridging Loan:- Quadrant Construction Services has submitted an official application for the development of 518 mixed units at the site 68-75 Brunner Road and Alpha Business Centre, 60 South Grove, Walthamstow, London, E17 7NX. The entire project has been labelled as a Brownfield Site project, and it will be a privately funded development. The subcontract has been awarded to the application, while it is still pending a detailed approval. London Bridging Loan The time period for the development of [...]

By |2023-01-18T14:37:04+00:00March 1, 2018|Blog, News, Planning News, Projects|0 Comments
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