Work begins on latest phase at Stockport Exchange Mar 21, 2022 Partners Stockport Council and leading regenerator of towns and cities, Muse Developments, have begun to bring forward the latest phase of development at Stockport Exchange – one of Greater Manchester’s most connected business hubs. Following the scheme’s approval by council planners in late 2021, partners have appointed Galliford Try as the contractor to deliver the […] Posted by: Nathan Spencer Read more
Canada Israel & Avanton submit planning for £250M resi-led development in Wembley Mar 16, 2022 Canada Israel and Avanton have submitted a planning application to the London Borough of Brent for the regeneration of the 2.5 acre (1.26 hectare) Wembley Point site on Harrow Road to create a residential-led development known as Stonebridge Place with a GDV value of up to £250 million providing 515 new homes of mixed tenure, […] Posted by: Nathan Spencer Read more
Nuveen Real Estate acquires 5 logistics assets in £125m deal Mar 11, 2022 UKREiiF attendeeNuveen Real Estate, one of the largest investment managers globally, has acquired five logistics assets across Norway, Germany, Spain and the United Kingdom. The acquisitions represent an overall investment of close to €150 million with the total gross area spanning 89,271 sqm (960,905 sq ft). All but one of the assets acquired are fully […] Posted by: Nathan Spencer Read more
Central London resi market hits 5-year high Mar 11, 2022 Planning applications and permissions for Prime Central London (PCL) residential property in 2021 reached the highest level since 2016, according to new research from Global real estate advisor, CBRE. A total of 1,675 applications and permissions were submitted for PCL in 2021. This represents an increase of 140% when compared with 2020 which saw 698 […] Posted by: Nathan Spencer Read more
Ontario Teachers’ Pension Plan enters JV to help deliver £700m Oxford innovation district Mar 11, 2022 Thomas White Oxford Ltd, the development company of St John’s College, has agreed a 50:50 joint venture partnership with Canadian-based Cadillac Fairview, the real estate arm of Ontario Teachers’ Pension Plan, with developer Stanhope PLC, to deliver Oxford North, Oxford, UK, the £700 million new global innovation district. A new company, Oxford North Ventures LLP, […] Posted by: Nathan Spencer Read more
UK bridging sector set for post-Covid rebound Mar 11, 2022 The UK bridging sector is in rude health, and confidence is high for 2022, according to a recent survey of brokers undertaken by Glenhawk, with 84% of respondents saying that they expect to write more bridging business in 2022 than in 2021. Reflecting the defensive appeal of real estate as an asset class and the […] Posted by: Nathan Spencer Read more
AustralianSuper forms 50:50 JV on London’s newest town – Canada Water Mar 8, 2022 Real estate investment trust British Land has sold a 50% stake in its Canada Water Masterplan to AustralianSuper for £290.0m, turning the project into a 50:50 joint venture as part of an effort to accelerate the delivery of the 53-acre development. British Land said on Tuesday that its “exciting new partnership” with Australian Super, an Australian profit-to-member […] Posted by: Nathan Spencer Read more
11-PBSA units totalling 4,500 beds sold in £306m deal Mar 8, 2022 Unite Students has disposed of an 11-strong property portfolio – comprising 4,488 beds – for £306m, with the company’s share sitting at £236m. The deal – struck with an affiliate of Lone Star Funds – includes assets in Sheffield (1,700 beds), Reading (703 beds), Leicester (665 beds), Bedford (517 beds), Liverpool (390 beds), Birmingham (337 beds), […] Posted by: Nathan Spencer Read more
PSP Investments helps BentallGreenOak’s Welput secure £400m funding Mar 8, 2022 Welput, the specialist central London office fund managed by BentallGreenOak(BGO), has recapitalised its ownership of the landmark site, 105 Victoria Street, and secured a £400m development finance facility to fund the construction of the scheme, due to commence this year. Marking a return to Victoria, and demonstrating global confidence in London’s office market, the Public […] Posted by: Nathan Spencer Read more
Immobel Capital Partners acquires 50% of White Rose Office Park in Leeds Mar 8, 2022 Immobel Capital Partners, the investment management business of Immobel Group, the largest listed real estate developer in Belgium, announces it has signed a sale and purchase agreement to acquire 50% of the White Rose Park from OIRP Investment 10, part of Orion Capital Managers. White Rose is a green office campus situated just outside of […] Posted by: Nathan Spencer Read more
