Moorfield and Stor-Age acquire UK self storage portfolio Mar 25, 2022 UKREiiF attendee Moorfield Group, a UK-focused real estate fund manager (“Moorfield”), announces that is has acquired a 302,000 sq ft self storage portfolio. The acquisition was made behalf on behalf of its Moorfield Real Estate Fund V (“MREF V”) and through its joint venture with Stor-Age (the “JV”), the South African self storage Real Estate […] Posted by: Nathan Spencer Read more
11-PBSA units totalling 4,500 beds sold in £306m deal Mar 8, 2022 Unite Students has disposed of an 11-strong property portfolio – comprising 4,488 beds – for £306m, with the company’s share sitting at £236m. The deal – struck with an affiliate of Lone Star Funds – includes assets in Sheffield (1,700 beds), Reading (703 beds), Leicester (665 beds), Bedford (517 beds), Liverpool (390 beds), Birmingham (337 beds), […] Posted by: Nathan Spencer Read more
Aver acquires Trebor Developments M6 industrial scheme Mar 8, 2022 Trebor Developments and Seddon Developments have sold their Prime Point 14 speculative, industrial, development to Aver Property Limited Partnership. The site lies one minute from Junction 14 on the M6 Motorway. The two units of 66,628 sq ft and 76,742 sq ft will be constructed during 2022 by Seddon Construction Limited and provide high quality, […] Posted by: Deividas Krupstas Read more
LXi REIT acquires two assets in £73m deal Mar 8, 2022 Following their recent £250m fundraisers the firm, who are attending UKREiiF, have splash £73m on a set of new assets. One is an Asda food store in Birmingham and the other a training and conference facility in Stafforshire. The two acquisitions, transacted on an off-market basis, reflect an accretive 5.4% net initial yield versus the […] Posted by: Nathan Spencer Read more
Bruntwood and L&G seek new partner for SciTech arm Mar 2, 2022 A new partner is being sought by Bruntwood and Legal & General for their sciences platform SciTech, it has been confirmed. An additional investor is set to be added to the 50:50 joint venture which currently has ten locations across England. It is understood that both Bruntwood and Legal & General are not seeking to […] Posted by: Nathan Spencer Read more
Castleforge strengthens hotel portfolio with acquisition of the Abbey Hotel in Bath Feb 21, 2022 Castleforge has today announced the acquisition of the Abbey Hotel in Bath. The historic boutique hotel occupies three Georgian houses in the centre of Bath and now operates as a Tribute Portfolio Hotel, one of Marriott International’s collection brands. The 65-room hotel boasts newly renovated guest bedrooms, a terrace patio for al fresco dining and […] Posted by: Nathan Spencer Read more
HS2 reveals new landscape plans for Burton Green Tunnel and Kenilworth Greenway in Warwickshire Feb 16, 2022 HS2 has revealed new designs for the green tunnel at Burton Green and Kenilworth Greenway in Warwickshire, with enhanced environmental features including extensive tree planting, new footpaths and better connections to local woods. Since receiving community feedback in November 2019, HS2’s contractor Balfour Beatty VINCI has been working with the local authorities to develop the […] Posted by: Nathan Spencer Read more
Birmingham Smethwick Corridor to create major regeneration opportunity Feb 8, 2022 A plan for the regeneration of the Smethwick to Birmingham Corridor is going to cabinet for approval this week, providing a strategy for housing, transport and local heritage as the area is redeveloped. The Smethwick to Birmingham Corridor Framework promotes a co-ordinated approach to regeneration within the area encompassing Birmingham Mainline Canal, City Hospital and […] Posted by: Nathan Spencer Read more
Work starts on site at Birmingham’s first purpose built shared living scheme Feb 2, 2022 Birmingham-based property developer, Cordia Blackswan, has started work on the latest addition to its growing residential portfolio in the Jewellery Quarter. Work has commenced on the site at 36 Barr Street, which will deliver Birmingham’s first purpose built shared living scheme, Bradford Works, following an official handover from the previous owners. Placing the community at the […] Posted by: Nathan Spencer Read more
Willmott Dixon Interiors delivers woodland restoration project at Lickey Hills Feb 1, 2022 Willmott Dixon Interiors has planted hundreds of trees in Birmingham as part of a new initiative to improve green spaces across the UK. The national fit-out and refurbishment specialist contractor has delivered a woodland restoration project at Lickey Hills Country Park in Birmingham, in partnership with leading nature charity, The Conservation Volunteers. Bramble and bracken […] Posted by: Nathan Spencer Read more
