Government awards £6.2m to Mersey Heat to help connect landmark Liverpool buildings and fund low-carbon technology Jan 6, 2022 Peel NRE’s low carbon district heat network Mersey Heat has been awarded more than £6.2m in Government funding to investigate expanding the network to include Liverpool’s Three Graces buildings and surrounding properties at Pier Head. The grant totaling £6,266,000 from the Department for Business Energy and Industrial Strategy (BEIS) is in partnership with Triple Point […] Posted by: Nathan Spencer Read more
JR Capital and Chancerygate’s £100m multi-let industrial property fund makes final 5 acquisitions Jan 5, 2022 JR Capital and Chancerygate’s £100m multi-let industrial property investment fund has acquired five assets for a combined value of more than £16m. The deals mark the conclusion of the fund’s acquisitions boosting its portfolio of industrial space to 24 assets comprising 150 units totalling 1,050,000 sq ft on sites ranging from Dundee to Exeter. The […] Posted by: Nathan Spencer Read more
Supermarket Income REIT acquires two further grocery stores Jan 5, 2022 UKREiiF attendee Supermarket Income REIT, the real estate investment trust providing secure, inflation-protected, long income from grocery property in the UK, announces the acquisition of two supermarkets, a Sainsbury’s in Washington, Tyne and Wear, and an Asda in Cwmbran, South Wales, for a total purchase price of £55.1 million (excluding acquisition costs), reflecting a combined […] Posted by: Nathan Spencer Read more
Peel L&P prepares to start work on Trafford Waters Jan 5, 2022 Plans have been submitted for the first phase of infrastructure work at Peel L&P’s Trafford Waters mixed-use development in TraffordCity, Greater Manchester which will see up to 3,000 homes, a primary school and almost 20 acres of new public open space built over the next 15 years. The regeneration business has submitted a reserved matters […] Posted by: Nathan Spencer Read more
Willmott Dixon selected for £10.7m Okehampton School Jan 4, 2022 Willmott Dixon has been selected by Devon County Council to deliver a new £10.7 million school for children with special needs in West Devon. Located on the Okehampton East Business Park and procured using the SCF Framework, The Promise School will cater for up to 100 primary and secondary pupils who have social, emotional and mental health (SEMH) […] Posted by: Nathan Spencer Read more
Retirement Living: One of the UK’s Fastest Growing Sectors Jan 4, 2022 Retirement Living is one of the United Kingdom’s fastest growing sectors – estimated to be worth £55bn by 2023, but what is it and how is it changing things? Retirement living at its core are a type of later life living communities with specially designed facilities and staff to enable older residents to live with […] Posted by: Mya Driver Read more
UK Commercial Property REIT acquires Precision Park in £94m deal Dec 22, 2021 UK Commercial Property REIT Limited, announces that it has continued to strengthen its significant industrial and logistics portfolio with the circa £94 million acquisition of Precision Park in Leamington Spa, Warwick. This follows the acquisition of three new warehouse units, known as Sussex Junction, which are currently under construction near Gatwick airport via a circa […] Posted by: Nathan Spencer Read more
LondonMetric acquires Savills IM Income and Growth Fund for £122m Dec 22, 2021 LondonMetric Property Plc has acquired Savills IM UK Income and Growth Fund in a corporate transaction valued at £122.2 million, reflecting a blended yield on cost of 4.3% and an anticipated reversionary yield of 4.9%. The Fund owns a portfolio of 15 assets across 482,000 sq ft with 75% in urban logistics and the remainder […] Posted by: Nathan Spencer Read more
London hotel market recovery set to continue despite Omicron setbacks Dec 22, 2021 For the first time since the start of the pandemic, the performance of London’s hotels was more encouraging than regional hotels across the UK, according to research from Knight Frank, the leading independent global property consultancy. The recovery of the London hotel sector steadily continued throughout October with occupancy rising 2.6% to 48.2%. Knight Frank […] Posted by: Nathan Spencer Read more
Landsec announces the purchase of an additional 25% stake in Bluewater Dec 22, 2021 Landsec has today announced that it has completed the acquisition of an additional 25% share in Bluewater from Lendlease Retail Partnership for £172m representing a net initial yield of 8.15% and an equivalent yield of 8.25%. In a separate deal, Landsec will sell 25% of this share to co-owner M&G for its pro rata share […] Posted by: Nathan Spencer Read more
