Hampshire and Essex Pension Funds Inject £1.3 Billion into New Property Fund May 8, 2024 Hampshire and Essex pension funds have collectively invested £1.3 billion in a fresh property fund under the ACCESS investment pool, which serves 11 Local Government Pension Scheme funds. Managed by CBRE Investment Management, this new fund complements their existing UK core and global real estate mandates. The two pension funds, holding assets of £9 billion […] Posted by: David Gilbank Read more
New Real Estate Investment Trust to Target Distressed UK Property Market with £500 Million Initiative May 8, 2024 Former executives of the LXi Real Estate Investment Trust, which integrated with LondonMetric last year, have announced their intention to launch a new fund, the Special Opportunities Real Estate Investment Trust (SOR), next month. Their strategy focuses on acquiring commercial properties from distressed sellers in what they perceive as a near-market low. The launch team […] Posted by: David Gilbank Read more
B8re Completes Sales Worth £4million For Network Space Investments May 8, 2024 Industrial property specialist B8RE has completed the disposal of two single let assets in the North West on behalf of Network Space Investments (NSI). The two sales sold in excess of £4m, with both achieving ahead of quote after competitive bidding processes. The assets include a 23,012 sq ft detached unit in Skelmersdale on a 3.2-acre […] Posted by: David Gilbank Read more
Stolon Studio Proposes 669 Riverside Housing Development in Norwich May 7, 2024 Stolon Studio has submitted detailed plans for a transformative 669-home development in Norwich, part of a broader initiative to rejuvenate the East Norwich area with approximately 3,500 new homes. This ambitious project aims to create a vibrant riverside community, reinforcing the historic city’s future growth and sustainability. The London-based architecture firm lodged the application for […] Posted by: David Gilbank Read more
GBA Logistics Expands Portfolio with Acquisition of Silver X Group and Bow Distribution May 7, 2024 GBA Logistics has announced the acquisition of Silver X Group and Bow Distribution and Warehousing. The move aligns with GBA’s strategic vision to enhance its service offerings and expand its reach. David J Birkbeck, chairman and founder of GBA Logistics, expressed enthusiasm about the integration, stating, “We are thrilled to welcome Silver X and Bow […] Posted by: David Gilbank Read more
Brookfield Asset Management Finalises £635m London Office Purchase May 7, 2024 Brookfield Asset Management has completed a substantial £635 million acquisition of a major office property at 30 Fenchurch Street in London, underscoring its confidence in the capital’s office market. The deal involves a 550,000 square foot office building, with strong occupancy levels and excellent transport connections, including the new Elizabeth Line. Brad Hyler, Managing Partner […] Posted by: David Gilbank Read more
Greater Manchester to get 10,000 new council homes by 2028 May 7, 2024 NEWLY re-elected Mayor of Greater Manchester, Andy Burnham, has made tackling the housing crisis a top priority for his third term. Today he unveils measures to increase the amount of social housing in the city-region, improve the standard of rented accommodation and end the housing crisis in Greater Manchester by 2038. The Mayor’s announcements include: […] Posted by: David Gilbank Read more
First Proptech Hub in UK History May 3, 2024 UK PropTech Association (UKPA) to Host the UK’s First Dedicated PropTech Hub at the UK’s Real Estate Investment and Infrastructure Forum (UKREiiF) in 2024. This pioneering initiative marks a significant milestone in the integration of property and technology sectors, and comes after the recent merger with the UKPA and British Property Federation (BPF) Nathan Spencer, […] Posted by: David Gilbank Read more
One to Watch: Home of the ‘Dambusters’ £300 Million Investment? May 3, 2024 Sir Edward Leigh, the Conservative MP for Gainsborough, has recommended “the entire site” of RAF Scampton be considered for development, highlighting its potential for attracting £300 million in investment, marking a significant opportunity for the region. Speaking in the House of Commons on Wednesday, May 1, Sir Edward emphasized the untapped potential of RAF Scampton, […] Posted by: David Gilbank Read more
L&G Initiates Sale of Manchester Mixed-Use Property May 3, 2024 Legal & General UK Property Fund has commenced efforts to divest its retail and leisure complex located at 19–31 Piccadilly in Manchester. The asset, which encompasses a Travelodge hotel alongside a diverse array of food and beverage outlets, presents a lucrative investment opportunity for prospective buyers seeking exposure to Manchester’s vibrant commercial landscape. Originally acquired […] Posted by: David Gilbank Read more
