Vodafone decides to put its portfolio of data centres in London up for sale Jul 14, 2023 Vodafone Enterprise has put a portfolio of its data centre and office freeholds in central London up for sale. The Network Portfolio, consisting of six facilities covering a total area of 260,000 sq ft (24,155 sqm), is estimated to be valued at £100 million. These properties are currently leased to Vodafone Enterprise UK until April […] Posted by: Mya Driver Read more
SCREF secures planning permission for prime Bloomsbury 106,000 sq ft office repositioning Jul 14, 2023 The Schroders Capital UK Real Estate Fund (‘SCREF’) has secured planning permission to redevelop Minerva House, Fitzroy House, and Telephone Exchange, contiguous, part Grade II listed landmark office buildings on Chenies Street in Bloomsbury into a 106,736 sq ft high-quality workspace, a 37% increase on the current floor area, following the addition of two further […] Posted by: Mya Driver Read more
Trifast channels funds into a distribution center with £120m finance agreement Jul 14, 2023 Trifast, a company specializing in industrial fastenings, has secured a £120m finance deal that will facilitate the establishment of a national distribution center in the Midlands. This new financing arrangement, spearheaded by HSBC UK, is designed to foster organic growth and expansion through acquisitions, while also supporting Trifast’s aspirations for export growth. The funding, which […] Posted by: Mya Driver Read more
Specialist hotel owners and family offices lead UK hotel investment activity Jul 14, 2023 Hotel transaction volumes totalled approximately £860 million for the first six months of 2023, some 60% below investment volumes for H1-2022, demonstrating the gulf between hotel trading performance and transactional activity has never been wider, according to the latest research from leading property adviser Knight Frank. Whilst it remains challenging to successfully execute and complete […] Posted by: Mya Driver Read more
Helical signs contract to partner with Transport for London on commercial office portfolio joint venture Jul 14, 2023 Further to the announcement on 15 February 2023 that Transport for London (TfL)’s wholly owned commercial property company had selected Helical as its preferred investment partner for its sustainable commercial office portfolio across central London, contracts have now been signed confirming Helical as the joint venture partner. The partnership will see the delivery of new […] Posted by: Mya Driver Read more
Port One Logistics Park Expands with Four New ‘Zero Carbon’ Units Following £20m Loan Jul 14, 2023 Port One Logistics Park, which is being developed by Curzon De Vere Limited, is approaching completion on four brand new, pre-let warehousing units, following a >£20m commercial property development loan with Secure Trust Bank (STB) Real Estate Finance. The units were constructed with eco credentials in mind, featuring significant EV charging ports and PV panels. […] Posted by: Mya Driver Read more
Rotherham Council Commits £9 Million to Wath Improvements Jul 14, 2023 Rotherham Council’s Cabinet has today, Monday 10 July, committed funds to a near £9 million scheme that will improve Wath Town Centre. These improvements will include: · Demolition of the existing library · Creation of new library and inclusive community facility, including commercial space · Improved connectivity between Biscay Way and the High Street, to […] Posted by: Mya Driver Read more
Puma Property Finance signs largest ever loan to fund Build to Rent scheme in Manchester Jul 14, 2023 Puma Property Finance (Puma) today announces it has provided a facility to the McGoff Group of approximately £50m for a new 237-unit Build-to-Rent scheme in central Manchester. The development, known as Downtown Victoria North is located on Rochdale Road, close to Manchester’s main shopping area, Ancoats and the Northern Quarter. The scheme will see the […] Posted by: Mya Driver Read more
Tritax Symmetry to speculatively build 500,000 sq ft cross dock: Kettering 500 Jul 14, 2023 Tritax Symmetry has announced it is to speculatively develop a new 500,000 sq ft cross dock logistics facility at Symmetry Park, Kettering: Kettering 500. Main contractor Buckingham Group has been appointed to deliver the building which will be built to Net Zero Carbon in Construction and target a minimum BREEAM Excellent and EPC A rating. […] Posted by: Mya Driver Read more
DFI with JV partner Argo capitalises on market repricing with over £200million of logistics investments Jul 14, 2023 Deutsche Finance International (“DFI”), a pan-European private equity real estate platform and an affiliate of DEUTSCHE FINANCE GROUP, has launched a U.K. urban logistics platform (the “Platform”) in joint venture (the “JV”) with Argo Real Estate (“Argo”), with the £177 million acquisition of two portfolios in separate transactions. Logistics is a conviction asset class for DFI, […] Posted by: Mya Driver Read more
