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Adhan Group acquires Blackburn retail asset in £38m deal

Capital & Regional, the UK convenience and community focused shopping centre REIT has exchanged contracts for the sale of The Mall, Blackburn to the retail arm of the Adhan Group of Companies for £40 million in cash. This represents a premium to the December 2021 valuation of £38.2 million. Completion of the sale, which is subject […]

Posted by: Nathan Spencer

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Mayfair Capital acquires Manchester asset in £35m deal

Helical plc, a UK real estate investment trust specialising in the redevelopment and refurbishment of highly sustainable, best-in-class London office buildings announces that it has simultaneously exchanged and completed contracts on the sale of Trinity in Manchester, to clients of Mayfair Capital, for £34.55m (£590 psf), reflecting a net initial yield of 5%. The sale […]

Posted by: Nathan Spencer

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Dominvs completes UK’s largest ever PBSA forward funding deal

London developer Dominvs has completed the country’s largest forward fund in the purpose built student accommodation sector for £173m, with Scape.Comprising 713-beds, the scheme will be one of the capital’s largest student accommodation developments, Dominvs exclusively told CityA.M.The university housing deal came after Dominvs had secured consent for two hotels on the Hammersmith site. Citing […]

Posted by: Nathan Spencer

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Network Space Acquires former Manchester College Site

Network Space Developments has acquired a 2.8-acre site on Welcomb Street, Openshaw, from the LTE Group for an undisclosed sum.The former Manchester College site, accessed from the Ashton Old Road (A635), currently comprises of eight buildings of varying ages and sizes which were previously used as classrooms and workshops by the Manchester School of Building.Initial […]

Posted by: Nathan Spencer

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Cole Waterhouse and Tonia Investments JV acquires Leeds site for 1,000-home development

Cole Waterhouse and Tonia Investments have successfully purchased a 3.8-acre brownfield site in Leeds city centre having recently secured planning for 1012 apartments, over five separate blocks.Currently referred to as ‘Leeds City Village’, the triangular site sits opposite Leeds’ cultural district, Quarry Hill. Bound by Marsh Lane to the west and Shannon Street to the […]

Posted by: Leon Newton

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Aviva Investors surpasses £1bn sustainable transition loans target three years early

Aviva Investors, the global asset management business of Aviva plc (‘Aviva’), announces that it has provided a £227 million sustainability-linked refinancing to property group Romulus, on behalf of Aviva UK Life’s annuity business. Romulus is a London-based investment and development company who own and manage a mixed-use portfolio of over one million square feet. Significantly, […]

Posted by: Leon Newton

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LondonMetric acquires two NNN Retail assets for £23m

LondonMetric Property Plc has acquired a portfolio comprising two NNN retail assets for £23.3 million, reflecting a blended NIY of 6.7%. The properties generate a rent of £1.6 million p.a., which equates to £13.90 psf. They have a WAULT of six years and comprise: a 76,000 sq ft property in Evesham, which is predominantly let […]

Posted by: Leon Newton

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Sanders Senior Living places new care home in Leicestershire

Knight Frank, the leading global property advisor, has advised Sanders Senior Living on the acquisition strategy for a new care home development in Melton Mowbray, Leicestershire. Sanders Senior Living has completed the transaction for the development of a new, future-proofed care home facility in Melton Mowbray, Leicestershire which will comprise 60 bedrooms on a one […]

Posted by: Leon Newton

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Yorkshire organisers of property conference UKREiiF set return date for 2023 after hailing inaugural event a ‘roaring success’

The UK’s Real Estate Investment and Infrastructure Forum (UKREiiF), taking place at the Royal Armouries and Leeds Dock, aims to attract inward investment, generate economic growth, and drive a more sustainable and inclusive culture within the property and construction industries. Organisers said the huge support they had received for the first event and strong ticket sales, […]

Posted by: Nathan Spencer

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Renewed Ambition’s £1bn Belfast Region City Deal unveiled at inaugural UKREiiF 3-day event in Leeds

On the second day of UKREiiF, both Wrightbus CEO, Buta Atwal, and Wayne Hemingway MBE, Founder of Hemingway Design, were in attendance as VIP Speakers on the ‘Belfast Region – A £1bn Decade of Opportunity’ panel in the Bury Theatre, alongside other senior leaders from councils in the Belfast region, focusing on the significant potential […]

Posted by: Nathan Spencer

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