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

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…

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