Urban logistics specialist continues expansion in East London Apr 15, 2021 Urban logistics specialist Valor Real Estate has bought yet another asset in East London. Valor has established a €1bn portfolio, comprising more than 90 assets and 6million sqft in just over four years, by focussing on central warehouse facilities in London and Paris, And today (April 15) it announced the purchase of its eighth such […] Posted by: Mark Flanagan Read more
New £95m maintenance and refurbishment framework Apr 15, 2021 One of London’s most prominent housing trusts is supporting a new £95m Building Maintenance & Refurbishment Services Framework. The four-year agreement, released today (April 15), has been launched by the National Framework Partnership group in conjunction with the Central and Cecil Housing Trust. The framework, which is open to any public sector body, has been […] Posted by: Mark Flanagan Read more
Welsh Government submits plans for £150m Global Centre of Rail Excellence Apr 15, 2021 The Welsh Government has submitted plans to build a £150m rail testing complex at the site of a former open-cast coal mine in Powys. The Global Centre of Rail Excellence, which is due to be completed in 2025, will allow for rolling stock and trains to be trialled on a 6.9km circular track which can […] Posted by: Mark Flanagan Read more
British Land’s plans for logistics sites in London, Sheffield and Teesside Apr 14, 2021 Property development giants British Land has divulged further details of its plan to create a logistics portfolio. The retail specialists today released a trading update report, ahead of the announcement of its full-year results on May 26, and in it outlined its wish to take advantage of the unrelenting growth in demand for warehousing. The […] Posted by: Mark Flanagan Read more
Contractor wanted for Tritax’s speculative East Midlands logistics park Apr 14, 2021 The first phase of Tritax Symmetry’s 2million sqft logistics park in the East Midlands has gained approval. The warehouse specialist plans to build seven large-scale warehouses on an 111-acre site near Rugby (just off the M45) and this week was granted planning permission for the first two speculative units – 186,000 and 134,000 sqft. Both […] Posted by: Mark Flanagan Read more
Pagabo launches utilities contract framework Apr 14, 2021 Pagabo’s latest framework, which will provide public sector bodies a compliant procurement route for their electricity, gas and water supply contracts, went live today (April 14). The National Utilities Supply Framework framework is split across three lots and will run for four years, enabling compliant electricity, gas and water supply contracts of any value to […] Posted by: Mark Flanagan Read more
Watford Council opens tender process on £200m redevelopment joint venture Apr 14, 2021 Watford Borough Council (WBC) has opened the procurement process on a joint venture proposal to redevelop Watford’s Town Hall Quarter (THQ). Potential construction partners have until May 17 (5pm) to enter the bidding process for the £200m scheme. WBC requires a partner who can carry out preparation, design, build and finance, including (but not limited […] Posted by: Mark Flanagan Read more
DFI snaps up £35.6m Leicester student accommodation block Apr 14, 2021 Investor Deutsche Finance International (DFI) has stepped up its drive to acquire purpose-built student accommodation (PBSA) with a £35.6m purchase of a 462-bed development in Leicester. The London-based firm, which manages nearly €3bn in assets, has completed off-market with developers Watkin Jones on behalf of its pan-European Value Add Fund. The deal represents DFI’s second […] Posted by: Mark Flanagan Read more
Scottish Power collaborates on Glasgow-based green hydrogen production hub Apr 13, 2021 Scottish Power has outlined its vision for a major green hydrogen production hub on the outskirts of Glasgow, which will include the UK’s largest electrolyser. The energy company has submitted a planning application for the 20MW low carbon fuel-producing unit plus a combined solar (40MW) and battery energy storage scheme (50MW) to help power the […] Posted by: Mark Flanagan Read more
Barings commits £250m to financing commercial property deals Apr 13, 2021 Long-term investors Barings is committing £250m for commercial property loans deals in partnership with pensions and life insurance specialist The Phoenix Group. The agreement will see the two firms build a portfolio of investment grade buy-and-hold UK commercial mortgage loan assets across a range of sectors – industrial, residential and offices – diversified across Greater […] Posted by: Mark Flanagan Read more
