UKCM agrees £74 million sale of Wembley logistics asset May 26, 2023 UK Commercial Property REIT Limited (“UKCM” or the “Company”) (FTSE 250, LSE: UKCM), announces that it has sold its 186,455 sq ft Wembley180 logistics asset in London to Covent Garden IP Limited (“CG”), a registered charitable company. UKCM will receive a consideration of £74 million, which reflects a net initial yield of 3.49% and is broadly in […] Posted by: Mya Driver Read more
Unite Students acquires new site in Stratford, London Jan 11, 2023 Unite Students, the UK’s leading provider of student accommodation, has completed the acquisition of Jubilee House, in Stratford, for £73million. The existing office building full planning consent for a 36-storey scheme, providing 716 beds for students. The development in Farthingale Walk, Stratford, London, will also incorporate 65,000 sq ft of academic space, which will be occupied […] Posted by: Nathan Spencer Read more
United Trust Bank funds £15m airspace developments for Fruition Properties Apr 21, 2023 United Trust Bank (UTB) has provided £10.4m of funding to specialist airspace developers Fruition Properties to complete two new airspace schemes in London. The first is a development of nine new apartments over two storeys on top of a high-end print business in South-East London. Fruition Properties will market eight of the new high specification […] Posted by: Mya Driver Read more
Urban logistics specialist continues expansion in East London Apr 15, 2021 Urban logistics specialist Valor Real Estate has bought yet another asset in East London. Valor has established a €1bn portfolio, comprising more than 90 assets and 6million sqft in just over four years, by focussing on central warehouse facilities in London and Paris, And today (April 15) it announced the purchase of its eighth such […] Posted by: Mark Flanagan Read more
Valor acquires London urban logistics asset in £40m deal Jun 1, 2022 Valor Real Estate Partners (“Valor”), Europe’s fastest growing last-mile real estate specialist, has continued its momentum in London with the acquisition of a prime urban logistics asset in Park Royal, West London for c £40m from a private vendor. The asset comprises 55,000 sq ft of high-quality warehouse space across two units that are currently […] Posted by: Nathan Spencer Read more
Valor completes London portfolio acquires for £70m Jun 16, 2022 Valor Real Estate Partners (“Valor”), Europe’s fastest growing last-mile real estate specialist, has completed a portfolio acquisition in London, comprising six urban warehouse assets for a total consideration of c. £70m. The assets, which offer short-term refurbishment potential and comprise 157,000 sq ft in total, have been acquired from the Milton Group, a privately-owned development […] Posted by: Nathan Spencer Read more
Virgin Media O2 commits to £10bn investment into digital infrastructure Feb 16, 2022 Virgin Media O2 has revealed that its 5G network has now hit two thirds of the capital, giving London the largest 5G footprint within the group. The telecoms giant has committed to investing at least £10bn in the UK, and has delivered 5G to more than 2,000 sites across the country last year. It has […] Posted by: Nathan Spencer Read more
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
Wembley Developer Quintain finalises £277m financing deal with J.P. Morgan Sep 29, 2022 The £277m deal is Quintain’s largest development loan to date, delivering 769 new homes. 74% of the homes delivered will be build-to-rent, the balance including shared ownership, affordable rent and discount market rent homes, with both residential buildings expected be completed by early 2025 Long term partners Quintain and John Sisk & Son have also […] Posted by: Nathan Spencer Read more
Weston Homes exchange on Town Quay Wharf, Barking, in affordable homes partnership with Be First London Jun 6, 2023 Award winning housebuilder Weston Homes has exchanged on a new site in Barking, Town Quay Wharf, in partnership with Be First London, working on behalf of Barking and Dagenham Council The site will be transformed into a £50 million (GDV) mixed-use development providing 147 newly built apartments and 1,000 sqm of commercial space with 42% affordable housing designed around a public plaza […] Posted by: Mya Driver Read more
Wheels in motion on London Mayor’s 10-year house-building plan Mar 3, 2021 After months of wrangling, Sadiq Khan’s plan to build more than 500,000 homes in the capital during the next ten years passed its final hurdle this week when it was formally adopted by the London Assembly. The Mayor of London (pictured above) has faced off numerous Conservative figures during The London Plan’s four-year journey to […] Posted by: Mark Flanagan Read more
Willmott Dixon awarded £40m contract for latest phase of Gascoigne Estate regeneration Jul 10, 2021 Willmott Dixon has been awarded a £40m contract to build Block J, the latest phase of Gascoigne estate’s regeneration in Barking. Appointed by Be First, Barking and Dagenham Council’s regeneration company, the contract will involve delivery of 124 new affordable homes, made up of 1, 2 and 3 bed apartments. There will also be a […] Posted by: Nathan Spencer Read more
