British Land acquires three warehouses in £157m deal in North London Feb 2, 2022 British Land announces that it has exchanged on the acquisition of three warehouses at Hannah Close, in Wembley for £157m with completion expected by mid February. This is a development-led opportunity which aligns to our strategy of delivering new urban logistics space through the intensification and repurposing of existing buildings. It is well located within […] Posted by: Nathan Spencer Read more
Sun Venture expands London portfolio to £900m with latest acquisition Feb 2, 2022 Sun Venture has acquired 120 Moorgate, a freehold property situated in a strategic position in the heart of the City of London which is set to benefit from the opening of The Elizabeth Line at Moorgate station. They acquired the property from WeWork for £148m. The newly redeveloped freehold, which includes a striking new façade […] Posted by: Nathan Spencer Read more
SevenCapital partners with MARK on £500m London residential scheme Jan 26, 2022 Leading UK developer SevenCapital has acquired a 50% stake in a landmark £500 million prime scheme in Kensington, with pan-European real estate investment manager MARK holding the other 50%. The project, located at 100 West Cromwell Road, will deliver 462 high quality new homes in this highly sought-after location, including 40% affordable housing. Today’s announcement marks the […] Posted by: Nathan Spencer Read more
Silbury provides £43m in loans to unlock Aldgate and Bath developments Jan 25, 2022 Silbury Finance (“Silbury”), the development lender backed by Oaktree Capital Management, has provided two senior loans, totalling £43 million, to fund the development of two residential schemes in Aldgate and Bath. Reflecting Silbury’s commitment to funding new developments that meet the highest environmental standards, both loans include a discount on the exit fee for the […] Posted by: Nathan Spencer Read more
City Corporation appoints Mace to build civic hub in the Square Mile Jan 25, 2022 The City of London Corporation has selected Mace to construct a new civic hub on Fleet Street. The Salisbury Square Development, designed by Eric Parry Architects, will house a flagship legal facility for Her Majesty’s Courts and Tribunals Service (HMCTS) and a new state-of-the-art headquarters for the City of London Police. With 18 courtrooms, the […] Posted by: Nathan Spencer Read more
Galliard acquires three development sites Jan 25, 2022 Galliard Homes has acquired three key London commuter sites for £265m of residential development. The deals for sites in Redbridge, Ipswich and Milton Keynes follow a successful period last year when Galliard sold out schemes with a combined development value in excess of £800m. In the biggest deal, Galliard has acquired ‘The Point’, a former […] Posted by: Nathan Spencer Read more
Précis Capital and Carlyle form partnership to finance £251m to Moda Living Jan 25, 2022 The partnership between Précis Capital and Carlyle will finance development loans in the residential asset class, where the acute long-term structural undersupply within the UK’s housing market continues to present compelling investment opportunities, and has already completed its first two loans, with a cumulative value of over £330 million The facility will be used to […] Posted by: Nathan Spencer Read more
SREF partners with IED to acquire £162m Romford retail warehouse and leisure scheme Jan 24, 2022 The Schroder UK Real Estate Fund (SREF) has announced it has partnered with Zurich Investment Foundation Immobilien Europa Direkt (‘IED’, a Schroders Capital managed, pan-European strategy) to acquire “The Brewery”, a prime supermarket anchored, retail warehouse and leisure scheme in Romford, Greater London for £162 million in a 50:50 joint venture. The Brewery comprises a […] Posted by: Nathan Spencer Read more
Lambeth Pension Fund Announces 2040 Net Zero Target for £2bn fund Jan 24, 2022 At a meeting held on earlier this month, The Lambeth Pensions Committee voted unanimously to adopt a 2040 net zero target for the £1.9bn Lambeth Pension Fund. The Lambeth Fund continues to lead the way amongst local government pension funds in the fight against climate change, and over the past two years has worked to […] Posted by: Nathan Spencer Read more
700-home development first to be procured through Pagabo framework Jan 24, 2022 A SIGNIFICANT housing project has been announced as the first large-scale project procured through national framework provider Pagabo’s Developer Led Framework. Southwark Council has selected Linkcity as developer for its Tustin Estate scheme, which will feature nearly 700 new homes. This includes 200 replacement council homes, around 50 shared equity properties, around 220 additional council homes including […] Posted by: Nathan Spencer Read more
