Social sector organisations should be playing a much greater role in delivering outsourced public services – and social impact bonds are a useful tool to help them capitalise on the growing interest in outcomes-based commissioning, writes Andrew Levitt for Pioneers Post. Read the full article here. Read our latest report on the evolution of social impact […]
Read moreProperty Alternatives Fund IV raised money in just three months thanks to strong demand from existing investors, particularly local authority pension funds Bridges’ previous property fund has been fully invested in just two years across 14 transactions The new fund will follow the same strategy of investing in niche sectors and emerging locations, with a […]
Read moreThe Hub pharmacy, a community-focused pharmacy group founded by Bridges in 2015, has acquired six additional pharmacies in Yorkshire, as it continues its buy-and-build strategy. The acquisition of the six sites, which were previously owned by Living Care Pharmacy, means the Hub now operates 17 pharmacies across the North of England. The Hub Group will […]
Read moreBridges and its partner HUB will develop lower-cost and affordable residential housing units at Taberner House in Croydon The development will contribute to the regeneration of the Croydon area, and should support over 100 jobs This is the first deal from Bridges’ Property Alternatives Fund IV, which recently held a first close on £168m, but […]
Read moreBridges’ latest property fund and its inaugural investment have been featured in the latest issue of Property Week. The piece outlines the investment by Bridges Property Alternatives Fund IV – alongside joint venture partner HUB – to redevelop Taberner House, the former Croydon council office site, creating 350 low-cost homes, 150 affordable homes and 13,000 […]
Read moreAiredale House is a mixed-use retail and office building in Leeds city centre Since buying the building in 2013, Bridges has completed an environmentally-led refurbishment and boosted occupancy substantially The property has been acquired by GM Legato Property, an investment company set up by Yorkshire-based businessman Graham Goodwin The price reflects a net initial yield […]
Read moreCASA is an employee-owned social enterprise providing high-quality domiciliary health and social care Its model has given it a competitive advantage in retaining staff and securing contracts Care hours and revenues have nearly quadrupled during Bridges’ investment period Its strong growth has now enabled it to raise a second round of social investment Bridges Ventures […]
Read moreThe Daily Mail’s Career Mail section recently featured the story of James Smith, the 24-year-old general manager of The Gym Group’s Eastbourne branch. James is a great example of how The Gym likes to train and promote its own staff. After joining The Gym Brighton in a work experience role in 2011, he completed the […]
Read moreThe Bridges Sustainable Property Fund completed the sale of Airedale House – a mixed retail and office property in Leeds city centre – to GM Legato Property for £6.625m, reflecting a net initial yield of 8%. Under Bridges’ ownership, the property went through a substantial environmentally-led refurbishment, including the installation of solar photovoltaic panels on […]
Read moreThe UK’s ageing population and rise in chronic illnesses are driving increasing demand for medicines and associated healthcare services, placing ever-greater pressure on primary care provision within the NHS. The Hub pharmacy is a new community pharmacy group that aims to improve local health outcomes by providing preventative health services in underserved areas. Additional services […]
Read moreBabington Group helps to combat the skills shortage in the UK with its growing offering of high-quality apprenticeships and skills training in a variety of sectors, such as finance and accountancy, health and social care, retail and property services. While backed by Bridges, Babington supported over 32,000 learners, and helped over 3,700 formerly unemployed people […]
Read moreBridges is redeveloping 6 East Parade, a previously vacant office building in Leeds city centre, in partnership with Evenacre. The refurbishment will see the installation of a variety of energy-efficiency measures, reducing the building’s carbon footprint as well as costs to tenants, most of which will be small to medium enterprises. 6EP will also support […]
Read more