Riverstone acquires 2.5-acre London retirement living site Apr 7, 2022 Riverstone, a provider of exceptional London living for over 65s, has announced the acquisition of its third residence on The Bishops Avenue by Hampstead Heath. Riverstone has acquired a 2.5 acre-site on The Bishops Avenue with the ambition of setting new standards for sustainability and the creation of social value in the integrated retirement community […] Posted by: Nathan Spencer Read more
Pocket Living to further accelerate housing delivery with £19.3m funding deal secured from Pluto Finance Apr 7, 2022 Affordable housing developer Pocket Living has secured a £19.3 million debt facility with Pluto Finance, a leading provider of finance for property developers and investors, against its recently completed Addiscombe Grove asset in Croydon. This represents Pocket’s second funding partnership with Pluto Finance, which is a 12-month facility structured by LEXI Finance. This deal will […] Posted by: Nathan Spencer Read more
Manhattan acquires 5 Fleet Place in London for £190m Apr 6, 2022 Hong Kong-based Manhattan Garments Group has completed the acquisition of 5 Fleet Place, London, EC4 from Poly Global. The value of the transaction is circa £191,000,000, which reflects a net initial yield of around 4%. Manhattan acquired 100% of the shares in the Jersey Company that owns the asset. A part of the Fleet Place […] Posted by: Nathan Spencer Read more
Weston Homes granted planning for £19m Brentwood scheme Apr 6, 2022 Weston Homes have been granted planning approval by Brentwood Borough Council for their new £19 million (GDV) 0.51-acre development providing 60 mixed tenure apartments, located off Brentwood High Street on Western Road. Construction is set to begin in October 2022, with the sales launch planned for Spring 2023 and build completion anticipated in Summer 2024. The new development will […] Posted by: Nathan Spencer Read more
Amazon Property launches £250m real estate fund covering multiple sectors Apr 6, 2022 Amazon Property, the leading London investor-developer run by CEO Charles Gourgey and COO Chris Lanitis, has committed, via Amazon Capital (the group’s private equity division), a £250 million real estate fund to invest in joint venture opportunities in the logistics, managed office solution, PBSA, Life Sciences and retirement sectors. Amazon Property built its strong brand […] Posted by: Nathan Spencer Read more
Great Portland Estates splashes £36.5m on London assets Mar 31, 2022 GPE is delighted to announce the acquisition of the long leasehold interest at 7/15 Gresse Street and 12/13 Rathbone Place, W1, for £36.5m (£847psf, 5.6% NIY). The building has been home to the Fashion Retail Academy since 2005, which will remain in occupation until the precise timing for its relocation to a larger new home […] Posted by: Nathan Spencer Read more
Europe’s largest commercial lab building set for Canary Wharf health and life sciences cluster Mar 31, 2022 Canary Wharf Group (“CWG”) and Kadans Science Partner (“Kadans”) have formed a joint venture to develop a new 750,000 sq ft GIA life-science focused, wet lab enabled building at Canary Wharf in London. The development will be the first phase in the creation of a world leading centre for health and life sciences on the […] Posted by: Nathan Spencer Read more
Aviva Investors and Obayashi JV acquires stake in London mixed-use scheme Mar 31, 2022 Aviva Investors, the global asset management business of Aviva plc (‘Aviva’), announces that it has completed a joint investment with Obayashi Corporation (‘Obayashi’), one of Japan’s leading construction groups, to acquire the remaining 50 per cent share in 20 Gracechurch Street, London EC3. The deal brings both the freehold and leasehold for the 16-storey property […] Posted by: Nathan Spencer Read more
Madison International Realty invests in the UK’s largest net zero office development Mar 31, 2022 Madison International Realty, a leading real estate private equity firm, has invested in the development of 105 Victoria Street, in Victoria, London, alongside WELPUT, the specialist central London office fund managed by BentallGreenOak (“BGO“). The 500,000 sq ft building, which is due to be completed in 2026, will comprise 13 storeys of high quality office […] Posted by: Nathan Spencer Read more
Investec provides £11 million loan for Southwest London mixed-use development Mar 31, 2022 Investec Real Estate announces that it has provided Style & Space, the London focused residential property developer, with a £10.85 million facility, to fund the development of a mixed use residential and commercial scheme, in Earlsfield, Southwest London. The development, due to complete in December 2022, will comprise 17 high quality residential apartments for sale, […] Posted by: Nathan Spencer Read more
