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Arc & Co lends £12m on Isleworth residential scheme

27th September 202123rd September 2021 Property Week

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…

David Lloyd Leisure plans 40 new clubs in the UK

22nd September 202116th September 2021 Leisure Opportunities

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…

UAE fuels $492m investment into Bahrain’s tourism sector

21st September 202116th September 2021 Arabian Business

Major investment from UAE-based property developers is helping to support Bahrain’s tourism sector, which is striving to recover from the ill-effects of coronavirus. According to the fDi Intelligence Tourism Investment Report 2021, the kingdom secured $492 million of tourism capital investment last year, the highest in the Middle East and Africa (MEA) region, largely as a result of investments from Dubai-based Emaar Properties and real estate developer Eagle Hills. Capital investment into MEA last year decreased 82 percent from 2019, dropping to $1.6 billion. The number of tourism jobs created in…