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SME property development lending boost with launch of non-bank alternative CrowdProperty


May 11 2021
SYDNEY, May 11, 2021 /PRNewswire/ Australia’s small-to-medium property development sector today received a lending boost with the launch of specialist non-bank lending alternative CrowdProperty.
A fintech / proptech hybrid, CrowdProperty matches investors – wholesale investors, SMSFs, institutional lending groups – with developers of high quality, small-to-medium-sized residential property projects via its bespoke platform and in-house property development expertise.
As a marketplace or peer-to-peer lending platform, it offers property developers access to fast, transparent funds, and investors a simple way to earn up to seven percent target interest returns on short term investments secured by first mortgage, typically paying back in 12 to 18 months.
CrowdProperty UK co-founder and CEO Mike Bristow said the model they’ve proven with great success in the UK was a perfect fit for the Australian market. ....

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Rolls-Royce Hillington redevelopment starts


Scottish construction company Muir Construction has been awarded the project.
Hillington Park is home to about 500 organisations employing over 8,000 people.
The build will involve remediating historic ground contamination and each unit will have low-energy and water-efficient fittings, air source heat pumps for heating and cooling, and electric vehicle chargers.
Work is under way at the site.
The development will see up to 70 construction workers across all trades on site at any one time and over 200 jobs will be expected to be added to the Hillington Park workforce when the new development is fully occupied.
Grant Edmondson, commercial director at Hillington Park, said the development will bring industrial accommodation which is built to the “high-quality sustainable specifications that occupiers are seeking”. ....

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Rolls Royce Hillington site redeveloped after 15 years


The former site of the Rolls-Royce engine factory at Hillington Park is set to become a  hub of industry again as a major £14m redevelopment project begins construction. 
It is claimed the 132,774 sq ft development, which sits on a site of over six acres, will help meet increasing demand from the industrial sector for modern commercial units.
It is the biggest speculative new build scheme on Scotland’s largest industrial estate in over 25 years and is part of Frasers Property UK’s continued investment in the estate.
Frasers Property UK purchased the majority of the estate in 2017.
Hillington Park, which is already home to over 500 organisations employing over 8,000 people, is two minutes from the M8 motorway, seven miles west of Glasgow’s city centre and three miles from Glasgow International Airport. ....

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