Willmott Dixon chosen for £14.5m Luton & Dunstable University Hospital extension and refurbishment Oct 26, 2021 Willmott Dixon has been selected by Bedfordshire Hospitals NHS Foundation Trust to deliver a £14.5m extension and refurbishment of the Luton and Dunstable University Hospital’s Emergency Department, which includes creating a new main entrance into the hospital. Procured using the SCAPE framework, it will provide a new CT scanning department, a new drop off area […] Posted by: Nathan Spencer Read more
St George and SEGRO enter JV to deliver their first UK multi-storey industrial development in London Oct 19, 2021 St George, a leading mixed use developer in London and member of the Berkeley Group, and SEGRO, the leading owner and developer of warehouse space, have formed a 50:50 joint venture to bring forward their first urban multi-storey industrial development in the UK as part of a major mixed use neighbourhood at Grand Union being […] Posted by: Nathan Spencer Read more
Ballymore submits application for London mixed-use development in the Royal Docks Oct 19, 2021 Ballymore, the international property developer, has submitted a planning application for its latest major mixed-use quarter, UNEX-Thames Road Industrial Estate, on the riverfront in London’s Royal Docks, the company’s third scheme along this stretch of south-facing riverfront. The plans for the 6.1-ha site envisage the creation of up to 1,610 new homes, including three-storey townhouses, […] Posted by: Nathan Spencer Read more
Europa Capital grows UK BTR residential platform with acquisition in Manchester Oct 19, 2021 Europa Capital, the pan-European real estate investment manager, announces that it has entered into a forward funding agreement to acquire a new build-to-rent (“BTR”) residential development, in Manchester’s New Cross district, from experienced housing developer Mulbury. Europa Capital has made the acquisition on behalf of its latest value add fund, Europa Fund VI, as it […] Posted by: Nathan Spencer Read more
AXA IM Alts to kickstart Bristol office development Oct 19, 2021 AXA IM Alts, a global leader in alternative investments with c. €163 billion of assets under management, has begun construction of building 121,000 sq ft of new offices at its prime harbourside Assembly Bristol city centre development, having completed the sale of the first phase of the project to LCN Capital Partners. Work on site […] Posted by: Nathan Spencer Read more
LondonMetric acquires £20m of London logistics assets Oct 19, 2021 LondonMetric Property Plc announces the acquisition of two last mile logistics assets in Fulham and Tottenham for a combined purchase price of £20.2 million. The assets total 44,000 sq ft and have been acquired with vacant possession in two separate transactions. LondonMetric will refurbish both properties at a cost of £1.4 million which, once fully […] Posted by: Nathan Spencer Read more
Board of Home REIT splash £166m on acquiring 23 portfolios Oct 19, 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, has deployed £166.4 million of the proceeds raised in the Company’s significantly oversubscribed £350 million equity issue in September 2021. In less than one month following the Initial Issue, the […] Posted by: Nathan Spencer Read more
Council and developer JV approved ahead of major regeneration Oct 19, 2021 Bury Council’s cabinet has formally approved the principles behind a 50:50 joint venture with leading town and city-centre regenerator, Muse Developments, to bring forward the repurposing and regeneration of Prestwich village. Following the council’s purchase of the Longfield Centre and decision to form a JV with Muse, the team will be working on a draft […] Posted by: Nathan Spencer Read more
Grainger in £140m forward funding acquisition with Network Homes Oct 19, 2021 Grainger plc, the UK’s largest listed residential landlord with 9,109 operational rental homes and a further 8,851 in its £2.1bn pipeline, announced that it has exchanged conditional contracts to forward fund and acquire Merrick Place, a 401-home build-to-rent development scheme in Southall, West London, for £141m. Proceeds from Grainger’s recent successful equity placing will help […] Posted by: Nathan Spencer Read more
Aviva Investors provides further £50m to self-storage firm Big Yellow Group Oct 19, 2021 Aviva Investors, the global asset management business of Aviva plc, announces that it has completed a further £50 million financing agreement with Big Yellow Group, the UK-based self-storage company, as it continues to expand its sustainability-linked financing programme, The loan, a seven-year facility, is secured against a portfolio of purpose-built self-storage assets located predominantly in […] Posted by: Nathan Spencer Read more
