Immofinanz to reach emission-free status by 2040 Dec 20, 2021 Immofinanz is making an important contribution to the fight against climate change with its new Net Zero Emission Strategy. Plans call for a reduction of 60% (below the 2019 level) in all greenhouse gas emissions by 2030 – and by 2040, this leading European commercial real estate company intends to be emission-free along the entire […] 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
Helical acquires London office building in £160m deal Dec 20, 2021 Helical plc, a leading UK real estate company specialising in the redevelopment and refurbishment of highly sustainable, best-in-class London office buildings has exchanged contracts to acquire from the vendor, 100 New Bridge Street Limited, the Guernsey incorporated single asset company, FPM 100 New Bridge Street Limited, that owns 100 New Bridge Street, London EC4, a […] Posted by: Nathan Spencer Read more
Home REIT set to deploy further £60m Dec 20, 2021 Home REIT plc, which funds the acquisition and creation of high quality properties across the UK that are dedicated to providing accommodation to homeless people, announces that it has deployed a further £60.2 million of the proceeds raised in the Company’s significantly oversubscribed £350 million equity issue in September 2021 (the “Initial Issue”). £289.1 million […] Posted by: Nathan Spencer Read more
PATRIZIA invest in 281-home BtR scheme in Reading Dec 20, 2021 PATRIZIA AG, a leading partner for global real assets, has on behalf of its institutional clients invested in a turn-key build-to-rent (BTR) development in Reading for an undisclosed sum. Olivers Place is a collection of 281 high quality BTR properties comprising a mix of one, two and three-bedroom apartments. The homes have been acquired from […] Posted by: Nathan Spencer Read more
Kennedy Wilson acquires premier office campus on the South Coast in £61m deal Dec 20, 2021 Global real estate investment company Kennedy Wilson has acquired Forum, a wholly-owned institutional quality office campus for $81 million. Located on the South Coast of the UK, midway between Southampton and Portsmouth, the Forum includes 252,000 square feet of office space across five buildings on a picturesque 30-acre site with lakes, trails, and lush landscaping. […] Posted by: Nathan Spencer Read more
Target Healthcare REIT completes new acquisition – taking quarterly investment to £170m Dec 20, 2021 Target Healthcare, the UK listed specialist investor in modern, purpose-built care homes, announces that it has completed the acquisition of a major portfolio of 18 operational modern care homes. Combined with the previously noted acquisition of a pre-let development site in Weymouth, the Group’s total investment during the quarter has been £173 million including costs. […] Posted by: Nathan Spencer Read more
Supermarket Income REIT acquires Tesco in £73m deal Dec 20, 2021 UKREiiF attendee Supermarket Income REIT, the real estate investment trust providing secure, inflation-protected, long income from grocery property in the UK, announces the acquisition of a Tesco supermarket in Sheffield, Yorkshire, for a purchase price of £73.2 million (excluding acquisition costs), representing a net initial yield of 4.5%. The store was developed for Tesco in 2011 and occupies a 7.0 […] Posted by: Nathan Spencer Read more
Palace Capital nears completion of disposal strategy with two further sales Dec 20, 2021 Palace Capital, the Main Market property investment company that has a diversified portfolio of UK commercial real estate in carefully selected locations outside of London with a focus on the office and industrial sectors, announces that it has completed the sale of Russell House, Walton on-Thames, Surrey for £2.625 million and exchanged contracts to sell […] Posted by: Nathan Spencer Read more
Network Space Developments selects contractor for £54m project Dec 20, 2021 Network Space Developments (NSD) has appointed Bowmer + Kirkland to build the £54million Global Centre of Excellence at Saints Retail Park in St Helens. The site, previously the former United Glassworks which closed in the late 1990’s, was later developed in part by NSD for a new stadium for St Helens Rugby League which opened […] Posted by: Nathan Spencer Read more
