ICG Real Estate acquires Boots’ primary online distribution centre Jul 1, 2022 ICG Real Estate, the real estate division of Intermediate Capital Group (ICG), has acquired the Boots distribution warehouse in Burton-on-Trent as part of a Sale and Leaseback transaction. The 473,232 square-foot, mission critical warehouse is the principal fulfilment and distribution facility for Boots’ online business, with Boots investing heavily into automation at the site in […] Posted by: Deividas Krupstas Read more
Chancerygate, Credit Suisse and Hines JV forward sells urban logistics scheme to Blackrock Jul 1, 2022 A joint venture (JV) between urban logistics developer Chancerygate, a fund managed by Credit Suisse Asset Management and global real estate firm Hines has forward sold a 172,000 sq ft urban logistics development in Dagenham to a fund managed by BlackRock for an undisclosed sum. Dagenham Council has approved plans to speculatively build 15 Grade […] Posted by: Nathan Spencer Read more
Aldermore provides £16.5m to Citu for Sheffield housing scheme Jul 1, 2022 Aldermore has provided a £16.5m development finance loan to Citu for the next phase of its Kelham Central housing development in Kelham Island, Sheffield. The next phase of the development will be comprised of 68 additional low carbon homes, including a range of house types, plus two small commercial units. This marks the next chapter for […] Posted by: Nathan Spencer Read more
Frasers Logistics and Commercial Trust acquires Stoford development site for £100m Jul 1, 2022 Leading commercial property developer, Stoford, has exchanged contracts with the manager of Frasers Logistics & Commercial Trust (“FLCT” and the manager of FLCT, the “REIT Manager”), on the sale of a property to be developed at the Ellesmere Port complex. FCLT has acquired the freehold logistics development on a 14.1 hectare site at West Road, […] Posted by: Nathan Spencer Read more
Legal and General IM acquires 6.2-acre site for logistics scheme Jul 1, 2022 Legal & General Investment Management (LGIM Real Assets) has acquired a 6.2-acre freehold estate in Horsham, West Sussex on behalf of its Industrial Property Investment Fund (“IPIF”). LGIM Real Assets and its development partner, Graftongate, plan to speculatively develop a prime multi-unit industrial/logistics scheme on the site of Wilberforce House in Southwater, south of Horsham […] Posted by: Nathan Spencer Read more
United Living secures £33.5m contract in Oxfordshire Jul 1, 2022 United Living Group, the provider of infrastructure, housing and property services, has been awarded a £33.5 million build contract to deliver new residential homes in Milestone Road, Carterton, Oxfordshire by Platform Housing Group, one of the largest affordable housing developers in the Midlands. The development will see over 200 homes constructed over 4 and a […] Posted by: Nathan Spencer Read more
Mixed use development planned by Scotch Whisky Investments Jul 1, 2022 Scotch Whiskey Investments has announced plans to develop a new mixed-use project in Fife – which will integrate their new corporate HQ into an expansion of their proposed whiskey storage facility. The development will also ask as a museum to showcase history of the industry and educate people about single malt Scotch whisky – with […] Posted by: Nathan Spencer Read more
Fiera Real Estate looks to dispose of three warehouses in £72m deal Jul 1, 2022 A portfolio of three retail warehouses is being lined up for a £72.25m sale by owner Fiera Real Estate. Xprop has been instructed to lead the sale. It has been pitched off a net initial yield of 5.25%, although there is reversionary potential to unlock in 2024. Codenamed Project Orange, the portfolio includes three single […] Posted by: Nathan Spencer Read more
GAW Capital submits plans for 52-storey London development Jul 1, 2022 Plans have been submitted for GAW Capital’s One East Point project at the Isle of Dogs – which will see them develop a 52-storey residential skyscraper with around 460-flats. The project, designed by Make Architects, will transform what is currently 4-5 Harbour Exchange Square (comprising of a 6-storey commercial build) into a new residential led […] Posted by: Nathan Spencer Read more
Aedifica acquires £8.5m in Scotland care home Jul 1, 2022 Aedifica has invested £8.5m to acquire a fully operational care home in Ayr, Scotland. Creggan Bahn Court in Ayr has undergone two expansions in the past 10 years, currently accommodating 58 residents across the site. The home is operated by Maria Mallaband Care Group who operate 17 sites across Aedifica’s portfolio. The carte home is […] Posted by: Nathan Spencer Read more
