Singapore based GIC acquires 75% stake in British Land’s Paddington Central assets in £700m deal Apr 28, 2022 British Land is pleased to announce they have exchanged on the sale of a 75% interest in the majority of their Paddington Central assets to GIC. This transaction establishes a new joint venture (the “Joint Venture”) with ownership split 75:25 for GIC and British Land respectively. Completion is unconditional and will be within three months. […] Posted by: Nathan Spencer Read more
LondonMetric acquires 6 London logistics assets in £27m deal Apr 28, 2022 LondonMetric Property Plc (“LondonMetric”) announces the acquisition of six London urban logistics warehouses in separate transactions for a total investment of £26.7 million, reflecting an anticipated blended initial yield of 4.3% and a reversionary yield of more than 4.5%. Three properties in Colliers Wood, Stratford and Stockwell have been acquired with vacant possession and will […] Posted by: Nathan Spencer Read more
SEGRO continues to expand London footprint with acquisitions totalling £195m Apr 28, 2022 SEGRO has completed £195m of investment in London, acquiring Grand Union Trade Park in Park Royal and growing its Inner London pipeline with the purchase of two assets in Wapping and Clapham, each measuring 2.6 acres in size and providing extensive coverage in east and west London. Grand Union Trade Park comprises 100,000 sq ft […] Posted by: Nathan Spencer Read more
Dolphin Living welcomes new Finance Director as housing provide continues growth Apr 21, 2022 Dolphin Living, one of the UK’s most innovative and forward-thinking providers of intermediate affordable housing, has welcomed Gary Preston to the team as Finance Director. In his role he will provide strategic and financial guidance to support the growth of the organisation and provide more high-quality housing for London’s workers on modest incomes. Gary joins […] Posted by: Nathan Spencer Read more
Cheyne Capital provides £220m funding for Riverstone’s latest London scheme Apr 13, 2022 Cheyne Capital has provided a £219 million senior facility to Riverstone, the provider of exceptional London living for over 65s in prime London locations, for its Riverstone Kensington residence. This comes a year after Cheyne provided a £99 million facility to Riverstone for its Fulham Riverside residence, which is due to open in the second […] Posted by: Nathan Spencer Read more
DWS acquires three residential blocks in London Apr 8, 2022 DWS has announced it has exchanged contracts to acquire three residential properties within the development known as “Royal Albert Wharf” in East London for one of its institutional real estate funds, in an off-market transaction. The fully let new residential properties in the Royal Docks, completed in 2020, are located directly on the River Thames […] Posted by: Nathan Spencer Read more
Pocket Living secures permission for new affordable homes in Hackney Apr 8, 2022 Innovative affordable housing developer Pocket Living has secured a unanimous resolution to grant planning permission from Hackney Council for a new residential development on Mandeville Street in Hackney, London. Representing Pocket’s third scheme within the Borough, the seven-storey development will utilise a vacant parcel of land formerly used as a health care centre, offering much-needed […] Posted by: Nathan Spencer Read more
PATRIZIA gets green light for Camden Grade A office development Apr 8, 2022 PATRIZIA AG, a leading partner for global real assets, has secured planning permission from London’s Camden Council to convert the iconic hClub building into a state-of-the-art office in the heart of Covent Garden on Endell Street. The plans will see PATRIZIA transform the former members’ club into c. 35,000 sq. ft. of Grade A office […] Posted by: Nathan Spencer Read more
The Howard de Walden Estate adds to its Executive Committee Apr 7, 2022 The Howard de Walden Estate today announces that it has appointed three of its senior managers to its Executive Committee. The appointments are made with immediate effect. David McArthur has been with the business for 18 months, having joined as Head of Investment. Prior to this he spent over 10 years’ working in the central […] Posted by: Nathan Spencer Read more
Quintain secures £45m loan from Investec Apr 7, 2022 Investec Real Estate announces that it has provided Quintain, the leading mixed-use developer and major regeneration specialist, with a £45 million investment facility secured against The Hive, a Grade-A office building in Wembley Park. The loan refinances an existing facility and represents the first transaction between Investec and Quintain. It demonstrates Investec’s strong conviction in […] Posted by: Nathan Spencer Read more
