Capita sells real estate and infrastructure consultancy business to WSP in £60m deal Aug 19, 2022 Capita plc (‘Capita’) today announces that it has agreed to sell two real estate and infrastructure consultancy businesses to WSP for £60m on a cash-free, debt-free basis. Taking into account cash-like and debt-like items, Capita expects to receive proceeds of c.£69m at completion. The sale comprises two businesses: Capita Real Estate and Infrastructure (‘REI’) and […] Posted by: Nathan Spencer Read more
Fiera Real Estate disposes of retail asset to Aldi for £5.5m Aug 19, 2022 Fiera Real Estate UK (“FRE UK”) is pleased to announce the sale of West Denton Retail Park in Newcastle on behalf of Fiera Real Estate Long Income Fund UK (“FRELIF”) to Aldi for £5.5m. The asset is situated three miles north-west from Newcastle city centre, just off the A1 and offers excellent road connections for […] Posted by: Nathan Spencer Read more
Macquarie Asset Management acquires significant stake in Virtus Data Centres Aug 19, 2022 St Telemedia Global Data Centres (ST Telemedia) has reached an agreement for Macquarie Asset Management, via Macquarie European Infrastructure Fund 7, to acquire a significant minority stake in leading data centre provider VIRTUS Data Centres (VIRTUS). VIRTUS provides colocation and cloud connectivity services to blue-chip clients, including global technology companies and enterprise clients. Its portfolio […] Posted by: Nathan Spencer Read more
Pinnacle Power announces UKREiiF partnership for 2023 Aug 19, 2022 Following their involvement in the inaugural UKREiiF event, Pinnacle Power has confirmed their partnership to once again exhibit at next year’s event, which is set to take place in Leeds between 16-18 May, 2023. Designing, building, operating and financing district energy networks for communities across the UK, Pinnacle Power works with local authorities and property […] Posted by: Nathan Spencer Read more
Hopkins Homes kickstarts expansion with 16-acre acquisition Aug 19, 2022 East Anglia’s largest privately owned housebuilder, Hopkins Homes, has marked the beginning of its expansion into new areas by acquiring a 16-acre site in Chelmsford, Essex. Beaulieu Park, just 30 miles from London, signals Hopkins Homes’ intent to grow its renowned collection of distinctive, aspirational homes outside of its traditional roots and reinforces the housebuilder’s […] Posted by: Nathan Spencer Read more
BP to invest £50m in new global battery R&D centre Aug 19, 2022 BP today unveiled plans to invest up to £50 million (around $60 million) in a new, state-of-the-art electric vehicle (EV) battery testing centre and analytical laboratory in the UK. BP has previously announced its intention to invest up to £18 billion in the UK’s energy system by the end of 2030; this additional new investment […] Posted by: Nathan Spencer Read more
Select Property get approval for £154m Manchester tower Aug 19, 2022 Select Property Group has received approval for a 33-storey residential apartment project in Manchester – having revised plans which initially got rejected. The initial plans for 34-storeys had been rejected for being too high initially, but the project has now been approved and the project will see 481 new flats being developed. Reducing the storey […] Posted by: Nathan Spencer Read more
Silbury Finance provides £100m of funding for two residential-led schemes Aug 19, 2022 Silbury Finance, the Oaktree Capital Management-backed development lender, has completed two senior development facilities, totalling £96.5 million, to fund the delivery of residential-for-sale schemes on the Old Kent Road, SE15, and in Reading. Silbury has provided Avanton, the London property developer, with a £68 million stretch facility. It will fund the redevelopment of the former […] Posted by: Nathan Spencer Read more
Northumberland Estates disposes of Quorum Retail Parade Aug 19, 2022 Avison Young acting on behalf of a private investor has secured the purchase of the ground floor retail parade at Dukes Walk, Quorum Business Park, Newcastle from Northumberland Estates Ltd. The fully let retail parade extends to 9,892sq ft and comprises five multi let units occupied by local and national covenants, including Greggs PLC, Bento […] Posted by: Nathan Spencer Read more
Plans for landmark York and North Yorkshire devolution deal revealed Aug 19, 2022 Long-awaited proposals for a landmark devolution deal to hand over key decision-making powers while bringing hundreds of millions of pounds of investment to York and North Yorkshire have been unveiled. The proposed 30 year devolution agreement would deliver funding for key policies and strategies, providing better roads and public transport, improving education and job opportunities, […] Posted by: Nathan Spencer Read more
