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
Legal and General IM acquires 6.2-acre site for logistics scheme Jul 1, 2022 Legal & General Investment Management (LGIM Real Assets) has acquired a 6.2-acre freehold estate in Horsham, West Sussex on behalf of its Industrial Property Investment Fund (“IPIF”). LGIM Real Assets and its development partner, Graftongate, plan to speculatively develop a prime multi-unit industrial/logistics scheme on the site of Wilberforce House in Southwater, south of Horsham […] Posted by: Nathan Spencer Read more
Life sciences real estate investment within the ‘Golden Triangle’ totals £496m in Q1 2023 May 4, 2023 Investment into commercial real estate for the UK’s life sciences sector in the Golden Triangle, the area spanning London, Cambridge and Oxford and the UK’s leading market for life sciences and innovation, totalled over £496m in Q1 2023, according to leading global property adviser Knight Frank. This figure represents the highest first quarter investment total […] Posted by: Mya Driver Read more
Local authority acquires site to deliver 1,000 affordable homes Jun 16, 2022 Maidstone Borough Council (MBC) has just completed the purchase of the former Springfield library site on Sandling Road. Cllr David Burton, Leader of Maidstone Borough Council has set out the ambition to initially acquire 1000 houses under MBC ownership and control which will be reserved for Maidstone people at affordable rents. The policy move, has […] Posted by: Nathan Spencer Read more
LondonMetric acquires £16m Luton urban logistics warehouse Feb 10, 2022 LondonMetric Property Plc (“LondonMetric”) announces the acquisition of an urban logistics warehouse in Luton from Marcol Industrial Investments for £15.5 million. The 168,000 sq ft property is located on Luton Enterprise Park, close to Luton town centre and J11A of the M1. It is let to two occupiers with a WAULT of three years. The […] Posted by: Nathan Spencer Read more
Maidenhead takes radical approach to problem of ailing town centres Mar 5, 2021 A radical £500m plan to redevelop the centre of Maidenhead moved a step closer this week after its planning application was approved in principle. The council wants to demolish the town’s shopping centre (Nicholsons), some offices and 17 dwellings to make way for 653 new apartments, 29,000sqm of office space and 8,300sqm of flexible retail […] Posted by: Mark Flanagan Read more
Maidstone Council committed to deliver 1,000 affordable homes Dec 21, 2022 Maidstone Borough Council (MBC) has commenced an ambitious project to build 1,000 new affordable homes in the borough and has started to make positive strides to achieve this. MBC recognises the need for more affordable housing in the area and is determined that those in the local community who may not be able to afford […] Posted by: Nathan Spencer Read more
Marshgate Group and Nuveen Real Estate complete forward funding deal at Horizon 120 Braintree Oct 21, 2022 Nuveen Real Estate has agreed to forward fund the development of “Eos”, a new 121,230 sq ft, high quality industrial/hi-tech scheme in Braintree, Essex, providing nine units ranging from c.8,000-20,000 sq ft. The development forms part of Horizon 120, an exemplar business park for the region capable of providing in excess of 750,000 sq ft […] Posted by: Nathan Spencer Read more
Martin’s Properties ‘still have £65m of cash to invest’ after buying retail and shed portfolio for £23.1m Sep 27, 2022 London real estate company Martin’s Properties has snapped up a portfolio of four assets comprising a combined 130,000 sq ft in the South East for £23.1m. The four freehold assets, spanning 10 acres, include a Wickes retail warehouse in St Albans, Andover Retail Park in central Winchester and Speedfield Retail Park in Fareham, plus a […] Posted by: Nathan Spencer Read more
Moorfield and Stor-Age acquire UK self storage portfolio Mar 25, 2022 UKREiiF attendee Moorfield Group, a UK-focused real estate fund manager (“Moorfield”), announces that is has acquired a 302,000 sq ft self storage portfolio. The acquisition was made behalf on behalf of its Moorfield Real Estate Fund V (“MREF V”) and through its joint venture with Stor-Age (the “JV”), the South African self storage Real Estate […] Posted by: Nathan Spencer Read more
New £50 million MOD cyber academy to be built in Oxfordshire Oct 7, 2022 A new £50 million UK centre is to be built at Shrivenham in Oxfordshire to support the training of world-class cyber experts, domestically and internationally, Defence Secretary Ben Wallace has announced. Based in Shrivenham, Oxfordshire, the launch of the academy comes after the DCMS revealed cyber-attacks, including espionage activity and ransomware infiltration, across Government has […] Posted by: Nathan Spencer Read more
New housing association Southern Housing acquires 794 homes in Surrey, Berkshire & Hampshire from L&Q Jan 26, 2023 Southern Housing has confirmed its first major asset acquisition since registering as a housing provider in December 2022 following the merger of Southern HousingGroup and Optivo. The first tranche transfer of 694 homes from L&Q, which completed today, builds on Southern Housing’s already significant presence in Surrey, England. Richard White, Executive Development Director at Southern […] Posted by: Nathan Spencer Read more
