EQT Exeter acquires major distribution warehouse in £102m deal Aug 31, 2021 LondonMetric has announced that it has exchanged on the sale of its distribution warehouse in Thrapston, Northamptonshire, to EQT Exeter for £102.0 million, reflecting a NIY of 4.1%. The 785,000 sq ft warehouse is let to Primark for another 11 years at a rent of £4.4 million pa. LondonMetric acquired the property in 2013 for […] Posted by: Nathan Spencer Read more
Aldermore provides £4.2.m commercial refinance loan for 69 homes Aug 31, 2021 Aldermore bank has provided a £4.2m commercial residential refinance loan to returning customer, McIver Homes, an independent house builder and build-to-rent developer in the North East of England. McIver Homes is a family grown business which employs local people to support the local communities in which they build in and currently has a portfolio of […] Posted by: Nathan Spencer Read more
First phase of £300m city centre development set for approval Aug 31, 2021 Urbo Regeneration’s major scheme in Sheffield city centre, including a new office building and hundreds of BtR apartments, looks likely to get the green-light at next week’s planning meeting with the first £150m stage recommended for approval. Urbo is a JV between Peveril Securities and Urbo Regeneration) The scheme, funded by Legal & General, would […] Posted by: Nathan Spencer Read more
Plans submitted for £50m development at former industrial site Aug 31, 2021 Cityheart has submitted a reserved matters planning application for the first phase of a £50m social housing development. On a former industrial site on Foundry Lane in Widnes, the scheme is being brought forward alongside Halton Borough Council who selected Cityheart as their development partner. The first phase will deliver 86 new homes – whilst […] Posted by: Nathan Spencer Read more
Legal & General makes £76m move for BtR scheme Aug 31, 2021 Watkin Jones, the UK’s leading developer and manager of residential for rent homes, with a focus on the build to rent (BtR) and student accommodation (PBSA) sectors, is pleased to announce an exchange of contracts for the sale of Hove Gardens, a BtR scheme in Hove. The transaction is on a forward funding basis to […] Posted by: Nathan Spencer Read more
Chancerygate submits plans for two industrial developments Aug 31, 2021 Chancerygate has submitted plans to speculatively develop sites in Aston Clinton, Buckinghamshire, and Brackley, South Northants, delivering 219,765 sq ft of light industrial and warehousing space with a combined gross development value of £37m. The developer intends to deliver 15 Grade A units ranging from 4,758 sq ft to 43,357 sq ft on an 8.9-acre […] Posted by: Nathan Spencer Read more
Derwent London and Lazari Investments JV acquire two London assets in the West End Aug 31, 2021 Property giant Derwent London has announced the acquisition of two properties around University College London and a joint venture with Lazari Investments to acquire three more buildings in Baker Street. Derwent London exchanged contracts for two properties totalling 182,100 sq ft located in the so-called knowledge quarter for £214.6m. The freehold office building at 250 […] Posted by: Nathan Spencer Read more
Cushman & Wakefield to form exclusive partnership with WeWork amid £110m investment Aug 31, 2021 WeWork, one of the leading global flexible space providers, and Cushman & Wakefield, a leading global real estate services firm, have announced they have entered into an exclusive strategic partnership to market both landlords and businesses on WeWork’s management experience platform and on new jointly developed solutions. The partnership is intended to provide clients with […] Posted by: Nathan Spencer Read more
Artisan Real Estate eyes studio complex at previously approved hotel site Aug 31, 2021 Developer Artisan Real Estate is looking to change a Glasgow city centre project that was previously set to become a hotel. They have already received planning permission for a 248-bed hotel but they’re now looking to deliver a serviced studio complex on the site instead. The green light for the 16-storey hotel was given last […] Posted by: Nathan Spencer Read more
Bank buys majority stake in Southern Water for £1bn Aug 31, 2021 Australian asset manager Macquarie announced that it had bought a majority stake in utility firm Southern Water for more than £1bn. The firm said that its investment would help transform the company and put it “back on a stable footing”. It comes a month after Southern Water was fined £90m after bosses admitted dumping sewage […] Posted by: Nathan Spencer Read more
