Arc & Co lends £12m on Isleworth residential scheme

Arc & Co has completed a £12m development loan with ME Developments and Octopus Real Estate to help fund a housing development in Isleworth The development, which is opposite Isleworth Station and the first major residential development in the area for 2 years, will provide more than 1,000 houses and apartments with a gross development value of more than £400m. A golden brick payment was payable on the affordable housing, which ME Developments has to exchange on prior to completion.The affordable housing sale has been agreed with L&Q. … visit…

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Abandoned 1920s cinema in Los Angeles becomes the new Apple Store

Tower Theatre was the first theatre in Los Angeles to be wired for showing motion pictures with sound, but it has been shut down since 1988. Foster + Partners worked with the technology company to renovate the historic building, which was originally designed by American architect S Charles Lee in 1927 in the baroque revival style. The renovation was made in a collaboration with the City of Los Angeles and expert preservationists. Inside, a grand entry hall designed in the style of Charles Garnier’s Paris Opera House, complete with bronze handrails and…

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David Lloyd Leisure plans 40 new clubs in the UK

DLL has reorganised its top team in order to expand its estate through acquisition, after seeing a “remarkable” bounceback in membership levels since reopening its clubs earlier this year. CEO Russell Barnes – speaking exclusively to HCM – said his move to CEO, with Glenn Earlam taking up the role of executive chair, has been driven by the need to exploit a once-in-a-lifetime opportunity for growth. The strong return of members, Barnes says – coupled with property “opportunities created by the pandemic” – has led to the company setting out ambitious expansion…

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