Caskade Group acquires Birmingham Hotel in £12.5m deal Jul 8, 2022 The Hotel Indigo in Birmingham has been sold to the Caskade Group off a listed price of £12.5m. The property features 52 rooms, a Marco Pierre White-branded restaurant, and a whiskey and cocktail lounge. It was designed by Ken Shuttleworth of Make, who was involved in the construction of the Gherkin building in London. The […] Posted by: Nathan Spencer Read more
Aviva Investors and Packaged Living to develop 195 homes Jul 8, 2022 Aviva Investors, the global asset management business of Aviva plc (‘Aviva’), and Packaged Living, the specialist UK Build-to-Rent developer, announce they have completed a deal to acquire and develop 195 homes in the West Midlands town of Telford, Shropshire. It is the first investment made since the two firms announced a partnership (‘The Partnership’) in […] Posted by: Nathan Spencer Read more
ICG Real Estate acquires Boots’ primary online distribution centre Jul 1, 2022 ICG Real Estate, the real estate division of Intermediate Capital Group (ICG), has acquired the Boots distribution warehouse in Burton-on-Trent as part of a Sale and Leaseback transaction. The 473,232 square-foot, mission critical warehouse is the principal fulfilment and distribution facility for Boots’ online business, with Boots investing heavily into automation at the site in […] Posted by: Nathan Spencer Read more
Fiera Real Estate looks to dispose of three warehouses in £72m deal Jul 1, 2022 A portfolio of three retail warehouses is being lined up for a £72.25m sale by owner Fiera Real Estate. Xprop has been instructed to lead the sale. It has been pitched off a net initial yield of 5.25%, although there is reversionary potential to unlock in 2024. Codenamed Project Orange, the portfolio includes three single […] Posted by: Nathan Spencer Read more
Clowes acquires Birmingham office campus in £13m deal Jun 1, 2022 Hillview Real Estate, the UK regional office investor, has sold an office campus on the edge of Birmingham to Clowes Developments for £13.1 million, reflecting a net initial yield of 7.5%. The campus is 2620-2650 Kings Court, which comprises six self-contained office buildings, totalling 52,373 sq ft, at Birmingham Business Park, the premier business park […] Posted by: Nathan Spencer Read more
Stoford reveals plans for next phase of Redditch Gateway Jun 1, 2022 Leading commercial property developer, Stoford has announced plans for the next phase of development at a £200 million logistics and manufacturing scheme near Redditch. A reserved matters planning application has been submitted for the speculative development of almost 450,000 sq ft of new industrial and logistics accommodation at Redditch Gateway, near Junction 3 of the […] Posted by: Nathan Spencer Read more
LondonMetric acquires two NNN Retail assets for £23m May 23, 2022 LondonMetric Property Plc has acquired a portfolio comprising two NNN retail assets for £23.3 million, reflecting a blended NIY of 6.7%. The properties generate a rent of £1.6 million p.a., which equates to £13.90 psf. They have a WAULT of six years and comprise: a 76,000 sq ft property in Evesham, which is predominantly let […] Posted by: Leon Newton Read more
LondonMetric acquires two urban logistic assets for £29m Apr 28, 2022 LondonMetric Property Plc (“LondonMetric”) announces the acquisition of two urban logistics properties for £28.8 million, in separate transactions, reflecting an anticipated blended yield of 4.5% and a reversionary yield of 5.0%. The properties are expected to generate a rent of £1.4 million p.a. and comprise: a 125,000 sq ft urban logistics forward fund development at […] Posted by: Nathan Spencer Read more
Valor acquires last mile unit in £50m deal Apr 28, 2022 Valor Real Estate Partners (“Valor”), Europe’s fastest growing last mile real estate specialist, has completed the acquisition of a prime last mile logistics facility in Birmingham, for c. £50 million, from NFU Mutual. It continues Valor’s stated strategy of expanding its footprint in select regional cities as it looks to double its UK portfolio and […] Posted by: Nathan Spencer Read more
Get Living and Watkin Jones partner on £136m Birmingham scheme Apr 7, 2022 A £136m forward funding deal has been agreed, that will deliver 551 new homes on Sherlock Street in Birmingham, 500m from the Bull Ring shopping centre. The scheme by Watkin Jones will be its largest build to rent development to date. Working with investor Get Living, the plans feature one, two and three-bed apartments, 27 […] Posted by: Nathan Spencer Read more
