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Victoria Dock site to be transformed into new apartments
A landmark building in Hull’s Victoria Dock area will be converted into residential apartments following its acquisition by Nottingham-based property investment firm PIP Group. The company recently finalised the purchase of the former Victoria Dock Offices and secured planning approval from Hull City Council for the redevelopment.
The project involves converting the property, located at the Plimsoll Way and South Bridge Road roundabout, into six apartments, three of which will have two bedrooms and three will have one bedroom. Each unit will feature views across the Humber Basin.
The redevelopment adds to PIP Group’s growing portfolio of regeneration projects across the North of England and the Midlands. The firm has been focusing on revitalising underused properties with potential for high-quality living or commercial spaces in key regional growth areas.
The transformation of the Victoria Dock Offices reflects ongoing investment activity in Hull’s urban renewal, which has seen increasing interest from developers targeting historic buildings suitable for modern residential conversion. The scheme is expected to enhance the area’s appeal to professionals seeking waterfront living close to the city centre.
Arv Soar, founder and managing director of PIP Group, said: “The acquisition of the Victoria Dock Offices is an exciting opportunity to breathe new life into a building that holds both historical and architectural significance. “Hull is a city undergoing significant regeneration, and we are thrilled to be part of its continued growth. Our vision is to create high-quality, modern living spaces that retain the character of this beautiful landmark while offering residents a contemporary lifestyle and exceptional views of the Humber Basin.”Derby nursery founder honoured with Lifetime Achievement Award
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Unpaid takeover instalment leaves recycling firm seeking rescue options
Unimetals Recycling (UK) is preparing for potential administration after missing the final payment on its £195 million acquisition of Sims Metal’s UK scrap division. The company, which employs around 650 people across 27 sites, has filed a notice of intention to appoint administrators as it works to secure new investment.
The final instalment of £55 million from the deal remains outstanding more than three months after it was due. A major investor recently withdrew from a funding round intended to provide liquidity and meet deferred payments.
The Stratford-upon-Avon-based group is now exploring refinancing and recapitalisation options to stabilise its operations. It continues to run recycling and processing facilities for scrap, critical, and energy transition metals in locations including Bristol, Peterborough, Derby, Manchester, and Nottingham.
The company’s situation highlights ongoing funding pressures across the metals and recycling sector, where high capital requirements and fluctuating commodity prices are testing financial resilience.
Patchworks secures £2m to accelerate growth and expand into US market
E-commerce integration platform Patchworks has received £2 million in growth funding from Palatine Growth Credit, with additional backing from Gresham House Ventures. The Nottingham- and London-based company enables retailers to connect systems such as e-commerce storefronts, POS, ERP, CRM, warehouse management, and marketing tools into one streamlined platform.
The investment will support further platform development, enhance operational efficiency, and help attract large-scale enterprise clients. It will also fund the company’s expansion into the United States, marking its next phase of growth.
The funding represents the seventh deal completed under Palatine’s Growth Credit Fund, which was launched in early 2024 to provide flexible capital to high-growth regional businesses across the UK. The fund targets companies achieving strong revenue growth in sectors including cyber, fintech, SaaS, healthtech, medtech, AI, and advanced manufacturing.
Palatine’s Growth Credit Fund sits alongside the firm’s existing Buyout and Impact funds, reflecting its broader strategy to invest in technology-driven businesses across the UK’s key innovation regions. Patchworks’ addition to the portfolio reinforces the fund’s commitment to scaling regional firms with global potential.
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Housebuilder buys land for £35m second phase of Nottingham’s Barton Quarter
Faith organisation relocates to new Nottinghamshire headquarters
A major faith-based organisation is set to relocate its administrative base to Sherwood Park in Nottinghamshire. The North England Conference of the Seventh-day Adventists has secured a 22,335 sq ft Grade A office at the Evo Business Park.
The move to the Vertex building will centralise the organisation’s operations, which oversee a network of churches, schools, and community initiatives across the North of England. The new headquarters will accommodate administrative functions, training facilities, and community programme offices.
The relocation is designed to enhance collaboration between departments and expand capacity for projects focused on youth development, family support, and wellbeing. The property’s accessibility and modern facilities are expected to improve efficiency and service delivery for the organisation’s members and partners.
The transition to Sherwood Park is scheduled to take place later this year.


