BMO acquires logistics asset and supermarket in latest spree Jan 25, 2022 UKREiiF attendee BMO Real Estate Partners (BMO REP), the pan-European property investment and asset management specialist arm of BMO Global Asset Management (EMEA), has acquired a Lidl store in Chichester, West Sussex for £9.5 million, reflecting a 4% net initial yield. The investment has been undertaken on behalf of a separate account mandate, for which […] Posted by: Nathan Spencer Read more
Tilbury Douglas completes refurbishment of two theatres at Walsall Manor Hospital Jan 20, 2022 Tilbury Douglas, a leading UK building, infrastructure, engineering and fitout company, has successfully completed the refurbishment of theatres five and six at Walsall Manor Hospital on behalf of the Walsall Healthcare NHS Trust. After the Trust identified the need for the trauma theatres to be upgraded, as part of its winter pressures works due to […] Posted by: Nathan Spencer Read more
Industrials REIT completes a further £17m of multi-let industrial acquisitions Jan 18, 2022 Industrials REIT, the UK multi-let industrial (“MLI”) property company, announces that it has completed two MLI acquisitions. The total consideration for the acquisitions is £17.01 million and reflects a blended net initial yield (“NIY”) of 5.8% and an average capital value of £98 per sq ft. These purchases add another 173,000 sq ft of MLI space, and […] Posted by: Nathan Spencer Read more
HS2 to be powered by zero carbon energy from day one Jan 11, 2022 HS2 trains will be powered by zero carbon energy from day one of operation, offering a cleaner alternative to long distance car journeys and domestic flights, while supporting the government’s 2050 target to tackle climate change. This commitment will play a key part in HS2 Ltd’s aim to make the project net zero carbon from […] Posted by: Nathan Spencer Read more
Aviva Investors providers £100m of additional funding to Truespeed – to deliver full fibre networks to communities Jan 10, 2022 Aviva Investors, the global asset management business of Aviva plc (‘Aviva’), announces it has provided up to an additional £100 million of funding to Truespeed, to extend the roll-out of the Bath-based provider’s ultrafast, gigabit-capable full fibre network across South West of the UK. It is the second investment made by Aviva Investors managed funds […] Posted by: Nathan Spencer Read more
JR Capital and Chancerygate’s £100m multi-let industrial property fund makes final 5 acquisitions Jan 5, 2022 JR Capital and Chancerygate’s £100m multi-let industrial property investment fund has acquired five assets for a combined value of more than £16m. The deals mark the conclusion of the fund’s acquisitions boosting its portfolio of industrial space to 24 assets comprising 150 units totalling 1,050,000 sq ft on sites ranging from Dundee to Exeter. The […] Posted by: Nathan Spencer Read more
UK Commercial Property REIT acquires Precision Park in £94m deal Dec 22, 2021 UK Commercial Property REIT Limited, announces that it has continued to strengthen its significant industrial and logistics portfolio with the circa £94 million acquisition of Precision Park in Leamington Spa, Warwick. This follows the acquisition of three new warehouse units, known as Sussex Junction, which are currently under construction near Gatwick airport via a circa […] Posted by: Nathan Spencer Read more
SDI Propco acquires 278-acre site for £54m Dec 20, 2021 Harworth Group plc, a leading regenerator of land and property for sustainable development and investment, announces that it has conditionally exchanged contracts for the sale of its strategic land site in Ansty, Warwickshire, to SDI Propco (100) Limited (the “Purchaser”), for a consideration of £53.5 million, payable in cash upon completion. Completion of the transaction […] Posted by: Nathan Spencer Read more
Film and pharmacy students benefit from £4.4m refurbishment at University of Wolverhampton Dec 20, 2021 National fit-out and refurbishment specialist contractor, Willmott Dixon Interiors has completed the £4.4 million refurbishment of two buildings at the University of Wolverhampton. The 17-week project has delivered enhanced facilities and more than 32,000 sq ft of modern teaching space at the Wulfruna Building and Alan Turing Building at the university’s city campus on Wulfruna […] Posted by: Nathan Spencer Read more
First phase reaches completion at £200m Redditch Gateway Dec 20, 2021 Leading commercial property developer, Stoford has completed work on the first phase of a £200 million build-to-suit logistics and manufacturing scheme near Redditch. Unit A is a new 534,000 sq ft warehouse building with a mezzanine floor and integral office space that lies to the north of the 78-acre Redditch Gateway site, near Junction 3 […] Posted by: Nathan Spencer Read more
