London First: The built environment’s role in accelerating post-pandemic recovery Apr 13, 2022 Since the work from home guidance ended earlier this year, it has been fantastic to see so many people return to our great capital. Whether it is to take in a show in one of our world-class theatres, enjoy a meal, stay in a hotel, or to return to the office, London is coming back. […] 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
London’s empty homes could be worth £20bn May 31, 2023 The Mayor of London, Sadiq Khan, and Westminster City Council are today calling for stronger powers to crack down on empty homes, as shocking new analysis by City Hall reveals an estimated £20bn worth of property is sitting vacant across the capital. The Mayor is calling it a scandal that there are an estimated 30,000 […] Posted by: Mya Driver Read more
London’s Local Voices are the key to Successful Real Regeneration of London’s High Streets Mar 8, 2022 Just over a decade ago, the Localism Act entered the Statue Book. Heralded as the necessary impetus for a new era of community empowerment, Localism sought to provide a catalyst by which decision-making powers would be handed to local councils, communities and individuals. The benefits were to be the strengthening of local economies, the rebalancing of economic growth and […] 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
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
LondonMetric JV acquires a NNN retail asset in South East London for £38 million Dec 21, 2022 LondonMetric Property Plc has acquired a NNN retail asset from an open ended property fund for £38.0 million through one of its joint ventures (LondonMetric share: £19.0 million). This reflects an initial yield on cost to LondonMetric of 5.4%, rising to 5.7% upon completion of short term asset management initiatives. The 68,000 sq ft property is located on […] Posted by: Nathan Spencer Read more
Long Harbour acquires London residential scheme for £22m Jul 22, 2022 Capital & Regional, the UK convenience and community focused shopping centre REIT, announces that it has completed the sale of the residential development project at its 17&Central community shopping centre in Walthamstow, London, to specialist residential developer Long Harbour for c.£21.65 million. The development is in line with the Company’s strategy of seeking ways to […] Posted by: Nathan Spencer Read more
Long Harbour, PSP Investments and Cadillac Fairview invest £110m to forward fund London BtR scheme Jul 22, 2022 Long Harbour, a specialist real estate investment, development and management firm, has agreed to forward purchase a 204-unit BTR development within Leaside Lock, a vibrant new riverside community in the heart of East London, in Zone 2. The BTR element of Leaside Lock offers a modern collection of Studio, one, two and three-bedroom apartments in […] Posted by: Nathan Spencer Read more
LXi REIT – Profitable Disposal Jun 12, 2023 The Board of LXi REIT plc (ticker: LXI), the specialist inflation-protected very long income REIT, is pleased to announce that the Company has sold a retail park in St Albans (“the Property”) to a UK institution for £31 million, equating to a net initial yield of 4.7%. The Property is let to B&Q (62% of […] Posted by: Mya Driver Read more
LXi REIT plc – Profitable Disposal Jun 12, 2023 The Board of LXi REIT plc (ticker: LXI), the specialist inflation-protected very long income REIT, is pleased to announce that the Company has sold a retail park in St Albans (“the Property”) to a UK institution for £31 million, equating to a net initial yield of 4.7%. The Property is let to B&Q (62% of […] Posted by: Mya Driver Read more
M7 Capital provides £7.55m refinancing package to Serviced Apartment Real Estate LLP Jun 16, 2022 M7 Capital (“M7C”), a full-service real estate debt specialist, announces that it has provided a £7.55 million loan to refinance two commercial assets at St Georges Court in New Malden and Ewell Road in Surbiton. The loan was made on behalf of the M7 Capital managed UK debt fund TREC II. St Georges Court in […] Posted by: Nathan Spencer Read more
