£170m Truro regeneration project set for approval Sep 17, 2021 A £170 million scheme to redevelop a major part of Truro city centre with homes, a university centre, community buildings, hotel, restaurants and shops will go before councillors for a decision – with planning officers recommending the scheme for approval. Cornwall Council has submitted the outline planning application for the Pydar Regeneration Scheme which would […] Posted by: Nathan Spencer Read more
UK Commercial Property REIT acquires retail park in £33m deal Sep 17, 2021 UK Commercial Property REIT Ltd, which is managed and advised by Aberdeen Standard Investments and owns a diversified portfolio of high quality income-producing UK commercial property, announces that it has acquired Trafford Retail Park, near Manchester, from Peel L&P for £33 million. Constructed in 1999, the c. 12 acre site comprises approximately 143,000 sq ft […] Posted by: Nathan Spencer Read more
Valor acquires Birmingham warehouse as they continue UK growth strategy Sep 17, 2021 Valor Real Estate Partners, the pan-European urban logistics platform, has completed the acquisition of its first asset in Birmingham, as it looks to expand its footprint across key regional cities. Having amassed a c.£1bn UK portfolio predominantly focused in London, Valor is looking to selectively expand its regional footprint as it seeks to double the […] Posted by: Nathan Spencer Read more
Green light for two new Grade A office developments Sep 17, 2021 Wirral Growth Company has received planning approval for two new Grade-A office developments in Birkenhead, marking the first phase of its extensive regeneration masterplan. The announcement follows the recent approval of the formal site development plan for phase one of Birkenhead Town Centre’s masterplan, as well as the WiredScore Gold standard rating that the two […] Posted by: Nathan Spencer Read more
Glenbrook Investments expands Yorkshire portfolio with £6.7m purchase Sep 17, 2021 Glenbrook Investments has expanded its portfolio into Yorkshire with the acquisition of the freehold interest in Albion Court, Leeds for £6.7m, reflecting a net initial yield of 8.1%. NorthCap advised Glenbrook Investments on the acquisition. Albion Court, which is part-Grade II Listed and extends to 31,400 sq ft, provides a mix of leisure, retail and […] Posted by: Nathan Spencer Read more
Care home investor Target Healthcare REIT raises £125m in significantly oversubscribed share issue Sep 17, 2021 The Board of the Company is pleased to announce that it has successfully raised gross proceeds of £125 million through a significantly oversubscribed issue of new ordinary shares (“New Shares”) at 115 pence per New Share (the “Issue”). After careful consideration of the exceptionally strong level of support and quality of demand from investors in […] Posted by: Nathan Spencer Read more
Avamore appoints Alan Margolis to leadership team as part of ambitious growth plans Sep 17, 2021 Avamore Capital has appointed Alan Margolis, former Director of Bridging at Masthaven Bank, to join its Senior Leadership Team alongside Philip Gould and Co-Founders Michael Dean and Zuhair Mirza. The hire comes as part of the lender’s ambitious growth plans and, will add further momentum to Avamore’s journey in becoming one of the leading lenders […] Posted by: Nathan Spencer Read more
Alchemy and Tri7 form JV to invest £250m into UK retail and mixed-use sites Sep 17, 2021 Tri7 (formerly known as Skape Real Estate), a real estate investment and asset management firm, and funds advised by Alchemy Special Opportunities LLP (Alchemy), the European private equity and special situations firm, have formed a partnership that will provide Tri7 with up to £100 million of funding to invest up to £250 million into real estate value-add opportunities that have arisen […] Posted by: Nathan Spencer Read more
Planning approval for GE Renewable’s mammoth offshore wind factory Sep 17, 2021 Tees Valley Mayor Ben Houchen has today welcomed another major milestone in the redevelopment of the Teesworks site with the news that plans for GE Renewable Energy’s mammoth wind turbine blade factory have been officially approved. Redcar and Cleveland Borough Council have given the green light for the construction of the huge 76,200sq m facility, in […] Posted by: Nathan Spencer Read more
Chancerygate and SGN announce JV to bring forward Croydon industrial development Sep 17, 2021 A joint venture (JV) between Chancerygate and SGN Place – the property development arm of gas distribution company SGN – has exchanged contracts to acquire a four-acre site in Croydon. The deal marks the first JV between the partners, who plan to speculatively develop 95,000 sq ft of Grade A industrial and warehousing space with […] Posted by: Nathan Spencer Read more
