Standard Life completes £880m buy-in with the Rolls-Royce & Bentley Pension Fund Jun 27, 2024 Standard Life, part of Phoenix Group, has concluded a £880 million Bulk Purchase Annuity (“BPA”) transaction with the Rolls-Royce & Bentley Pension Fund which is sponsored by Bentley Motors Limited. This is a full scheme buy-in transaction covering c. 6,000 members of the Scheme. The buy-in included novation of the Scheme’s existing longevity swap with […] Posted by: David Gilbank Read more
Disposal of four care homes for £44.5 million Jun 27, 2024 Target Healthcare announces that it has completed the disposal of four UK care homes for £44.5 million to the incumbent tenant. The sale price reflects a modest premium to the portfolio’s carrying value at both 31 December 2023 (the latest date prior to the offer being received) and 31 March 2024, and an implied net […] Posted by: David Gilbank Read more
Imperial War Museum Seeks Development Partner for 45,000 sqm Project Jun 26, 2024 The Imperial War Museum and Gonville & Caius are currently seeking a development partner for the Duxford AvTech project, set to develop around 45,000 square metres of land at IWM Duxford into a state-of-the-art aviation technology campus. This ambitious development is intended to encompass employment spaces classified under use classes E(g), B2, and B8, focusing […] Posted by: David Gilbank Read more
London Square Secures Woolwich Site for Major Housing Development Jun 26, 2024 London Square has completed the purchase of a 4.5-acre site in Woolwich, south-east London, where it plans to construct a substantial housing development featuring over 700 homes. The acquisition, part of phases three and four of Woolwich Central, was previously held by Meyer Homes. The planned development includes a 15-storey building and has already received […] Posted by: David Gilbank Read more
UK Sees Largest Investment Trust Merger with Alliance and Witan Jun 26, 2024 Alliance Trust and Witan Investment have announced their merger, creating a massive £5bn investment trust named Alliance Witan PLC. This merger follows the retirement announcement of Witan CEO Andrew Bell, who served for 14 years. Andrew Ross, Witan’s chairman, discussed the comprehensive review process that led to the merger, noting that the board considered several […] Posted by: David Gilbank Read more
Blackstone Real Estate Acquires Village Hotels Jun 26, 2024 Blackstone Real Estate today announced that funds managed by Blackstone have completed the acquisition of Village Hotels, a hotel owner, operator and developer, from affiliates of KSL Capital Partners, a leading investor in travel and leisure businesses. Village Hotels owns and operates 33 well-located assets in large regional cities and suburban areas across the UK. […] Posted by: David Gilbank Read more
Report reveals £70 billion in additional value could be lost without investments into planning Jun 26, 2024 A report by Public First, commissioned by the Royal Town Planning Institute (RTPI), revealed that planning reform and increased housing development could miss out on over £70 billion in additional value by not investing in planning. Last week, leaders of the UK’s political parties outlined ambitious housing targets. The RTPI has stated that well-resourced planning […] Posted by: David Gilbank Read more
UKREiiF 2025 Announcement: Save the Date for Leeds May 24, 2024 Following the unprecedented success of UKREiiF 2024, where a record-breaking 13,000+ delegates attended, the organisers are thrilled to announce that the event is already locked in for 2025, and promises to be even bigger and better. With many tickets already sold 12 months in advance, the message is simple: Set your calendars as UKREiiF 2025 […] Posted by: David Gilbank Read more
UKREiiF Unveils 2024 Sustainability Champions May 24, 2024 The UK’s Real Estate Investment and Infrastructure Forum (UKREiiF) is delighted to announce the winners of the 2024 Sustainability Champion Awards at this year’s event in Leeds. These awards recognise exemplary exhibitors and pavilion partners who have demonstrated outstanding commitment to sustainability within the real estate and infrastructure sectors. The Sustainability Champion Awards highlight those […] Posted by: David Gilbank Read more
Inaugural Winners of “The Pitch @ UKREiiF” Announced May 24, 2024 The organisers of UKREiiF, the UK’s premier built environment conference, are thrilled to announce the winner of the inaugural “Pitch @ UKREiiF” competition, held on Thursday, 23rd May at the Pagabo Pavilion at the Royal Armouries in Leeds. Brittany Harris, Co-Founder of Qualis Flow won the big prize – but due to her impending wedding […] Posted by: David Gilbank Read more
