Hull recruitment agency acquired by growing group
Sheffield firm secures planning permission for more than 100 homes in Maidstone
Plans to build a ‘stronger economy and stronger communities’ outlined in NE Lincs
- The continued transformation of Children’s Services. The plan details how current work is having a ‘positive impact on outcomes for our children and young people, as well as supporting financial sustainability’.
- Again, with a focus on transformation, attention will be put on Adult Social Care where innovative solutions will be explored. This will help to meet an increase in demand and complexity of care.
- Continuing with a ‘commercial approach’ to grow a strong and sustainable economy. It details how major investments, such as the redevelopment of Freshney Place, are progressing and will support the borough at a time of economic challenge.
- A pledge to ensure the capital programme is reviewed regularly to ensure schemes remain viable. This approach, adds the report, will help ensure plans remain ‘affordable, sustainable and prudent’.
Student housing portfolio relisted at £30M after price reduction
Beachrock has significantly lowered the asking price for a purpose-built student accommodation (PBSA) portfolio, now seeking £30 million after initially marketing the properties at £90 million. The portfolio comprises over 1,000 student beds across Coventry, Nottingham, and Sheffield.
The assets are spread across Coventry, Nottingham, and Sheffield. Initially part of the offering, a Cambridge property is no longer included. The remaining properties, which vary in size and price per bed, are available for purchase individually or as a group, with offers due by March 20.
The portfolio is now priced at £26,300 per bedroom, aligning with previous market interest. Beachrock stated that the new price reflects previous interest in the portfolio, aligning with market valuations.
MJ Gleeson reports sales growth despite profit decline
Housebuilder MJ Gleeson has reported an increase in home sales and revenue despite a sharp drop in profits, reflecting ongoing challenges in the UK housing market.
For the six months ending December 31, the Sheffield-based firm generated over £150 million in revenue, a 10% increase from the same period the previous year. However, pre-tax profit fell by half to £3.6 million. The company’s land division did not complete any transactions during the period but expects to finalise several deals in the coming months. It also noted that recent government planning reforms are beginning to have a positive impact.
The broader housebuilding sector has struggled with weaker demand due to high interest rates and economic uncertainty. Gleeson completed 801 home sales in the second half of 2024, up from 769 a year earlier. The company also recorded higher net reservations per site and a 4.8% rise in average selling prices, reaching £193,900.
Despite the increase in sales, profit margins took a hit due to incentives offered to buyers. Looking ahead, the company remains optimistic about a market recovery, citing strong demand in the affordable housing segment.
Businesses hear how film, nature, and a coastal walk can boost Lincolnshire tourism
Businesses at Lincolnshire’s fully-booked visitor economy conference have heard how film tourism, nature tourism and the new coastal path could boost the county’s economy.
Heathrow’s largest-ever development will use British steel, says airport CEO
Hull firm agrees long-term supply deal with modular building specialist
Two more occupiers take space at iPort in Doncaster
Planners consider demolition of buildings in Grimsby to prepare way for transport hub
Peter takes on MD role in wealth management arena
Funding uncertainty looms over £200 million North Hykeham Relief Road
Lincolnshire County Council is still waiting for confirmation on government funding for the £200 million North Hykeham Relief Road, which would complete the ring road around Lincoln. Despite previous commitments, uncertainty has grown following a review of capital spending ordered by the new Labour government.
The previous Conservative administration had pledged £110 million toward the project, which is expected to cost around £190 million. If that funding is withdrawn, council leaders warn the project may not move forward unless alternative sources can be secured.
While the Department for Transport has not officially halted funding, the council must submit a final business case before the government releases funds. That approval is expected in autumn, but the outcome remains uncertain.
Work is still progressing, with archaeological surveys, site clearance, and utility diversions planned for later this year, followed by major construction in early 2026. However, concerns remain that without government support, the relief road could be at risk of cancellation.
Local officials continue to push for clarity, emphasising the road’s importance in reducing congestion and improving transport links in the region.