Singapore based GIC acquires 75% stake in British Land’s Paddington Central assets in £700m deal Apr 28, 2022 British Land is pleased to announce they have exchanged on the sale of a 75% interest in the majority of their Paddington Central assets to GIC. This transaction establishes a new joint venture (the “Joint Venture”) with ownership split 75:25 for GIC and British Land respectively. Completion is unconditional and will be within three months. […] Posted by: Nathan Spencer Read more
LondonMetric acquires 6 London logistics assets in £27m deal Apr 28, 2022 LondonMetric Property Plc (“LondonMetric”) announces the acquisition of six London urban logistics warehouses in separate transactions for a total investment of £26.7 million, reflecting an anticipated blended initial yield of 4.3% and a reversionary yield of more than 4.5%. Three properties in Colliers Wood, Stratford and Stockwell have been acquired with vacant possession and will […] Posted by: Nathan Spencer Read more
Greater Manchester announces partners and programme for UKREiiF Apr 28, 2022 Greater Manchester has announced that it will attend UKREiiF, the UK’s Real Estate Investment and Infrastructure Forum, for the first time when it comes to Leeds next month. The three-day event will connect over 3,500 investors, developers, public sector bodies, funders, and end-users to inward investment as Greater Manchester joins up with Liverpool City Region […] Posted by: Nathan Spencer Read more
SEGRO continues to expand London footprint with acquisitions totalling £195m Apr 28, 2022 SEGRO has completed £195m of investment in London, acquiring Grand Union Trade Park in Park Royal and growing its Inner London pipeline with the purchase of two assets in Wapping and Clapham, each measuring 2.6 acres in size and providing extensive coverage in east and west London. Grand Union Trade Park comprises 100,000 sq ft […] Posted by: Nathan Spencer Read more
Caddick Group and Moda launch UKREiiF Pavilion programme focused on taking the industry’s ESG agenda to the next level Apr 28, 2022 Caddick Group and Moda Living have announced a major three-day programme of activity at UKREiiF – the UK’s Real Estate Investment and Infrastructure Forum – where they will delve into the ESG agenda and challenge the industry to push towards the next generation of communities within their Next Generation Futures Pavilion. Caddick Group has numerous […] Posted by: Nathan Spencer Read more
Valor acquires last mile unit in £50m deal Apr 28, 2022 Valor Real Estate Partners (“Valor”), Europe’s fastest growing last mile real estate specialist, has completed the acquisition of a prime last mile logistics facility in Birmingham, for c. £50 million, from NFU Mutual. It continues Valor’s stated strategy of expanding its footprint in select regional cities as it looks to double its UK portfolio and […] Posted by: Nathan Spencer Read more
Leeds NHS trust to share hospital innovation plan to national audience Apr 28, 2022 The Leeds NHS Trust’s plan for a new health innovation village created around its development of two new hospitals is to feature in a major national property and infrastructure event in the city in May. Leeds Teaching Hospitals NHS Trust will be speaking and exhibiting at the UK Real Estate investment and infrastructure Form (UKREiiF) […] Posted by: Nathan Spencer Read more
Plans approved for 1,400-home development in Leeds Apr 28, 2022 A major new residential development with more than 500 affordable homes will be built on brownfield land west of Leeds city centre, after plans were approved by the council today. Latimer, the development arm of Clarion Housing Group, has been given the green light to transform the vacant 13-acre riverside plot on Kirkstall Road and […] Posted by: Mya Driver Read more
GLIL secures record £1.2bn to drive UK infrastructure investment Apr 21, 2022 GLIL Infrastructure LLP (“GLIL”) has raised a further £1.2 billion from its members – its biggest fundraising since the fund launched in 2015 – for further investment in core UK infrastructure assets. The additional capital commitment comes from across all of GLIL’s Local Government Pension Scheme (“LGPS”) fund members, including Greater Manchester, Merseyside and West […] Posted by: Nathan Spencer Read more
Warehouse REIT acquires MLI asset in £62m deal Apr 21, 2022 Warehouse REIT, the AIM-listed company that invests in e-commerce urban and last-mile industrial warehouse assets in the UK, announces that it has exchanged contracts to acquire Bradwell Abbey Industrial Estate, for £62 million excluding acquisition costs. The purchase price reflects a net initial yield of c. 4% based on day one passing / guaranteed income […] Posted by: Nathan Spencer Read more
