Six Local Authorities Join ACCESS UK Core Fund Oct 1, 2024 The ACCESS UK Core Fund has announced the addition of six new local authorities, significantly broadening the participant base in this real estate-focused investment vehicle. Norfolk, East Sussex, Suffolk, Cambridgeshire, Isle of Wight, and Hertfordshire councils have officially joined the fund, reinforcing the trend of Local Government Pension Schemes (LGPS) pooling resources for improved efficiency […] Posted by: Deividas Krupstas Read more
Aldermore provides £13.1m loan to student property developer for new build PBSA in Dundee Oct 1, 2024 Aldermore Bank has provided a £13.1m loan for the development of a new build purpose-built student accommodation (PBSA) in Dundee. This development is a joint venture between Gylemuir Capital and Housing Growth Partnership (HGP). The property will comprise of 163 beds, with a sky deck and gym and 248 sq m of commercial space on […] Posted by: Deividas Krupstas Read more
M7 and Centerbridge launch €250m European Industrial Outdoor Storage JV Oct 1, 2024 London, 1 October2024 – M7 Real Estate (“M7”), the pan-European investor and asset manager, and Centerbridge Partners (“Centerbridge”), the global alternative investment manager, have launched a €250 million joint venture (the “JV”) targeting the Industrial Outdoor Storage (”IOS”) sector in Continental Europe. Industrial Outdoor Storage assets provide occupiers from a range of industries, such as […] Posted by: Deividas Krupstas Read more
Wimbledon’s £200 Million Expansion Receives Green Light from Greater London Authority Sep 30, 2024 The All England Lawn Tennis Club’s ambitious £200 million expansion project has officially been approved by the Greater London Authority (GLA), clearing the way for the world-renowned Wimbledon Championships to significantly grow its facilities. The expansion will see the construction of 39 new tennis courts and an 8,000-seat show court on the site of the […] Posted by: Deividas Krupstas Read more
QinetiQ Announces Sale of Cody Technology Park for £112m Sep 30, 2024 QinetiQ Group plc is pleased to announce the sale of its 407-acre freehold site at Cody Technology Park (CTP) in Farnborough. The transaction, valued at £112 million, has been signed with a fund managed by Tristan Capital Partners (TCP). Cody Technology Park, which hosts QinetiQ as its largest tenant, has been home to approximately 96 […] Posted by: Deividas Krupstas Read more
Plans approved for redevelopment of former Royal Mail site at Maidstone East Sep 30, 2024 Maidstone Borough Council (MBC) Planning Committee last night approved plans for the redevelopment of the Former Royal Mail Sorting Office site, at Maidstone East, for mixed-use development which is predominantly residential. The development will include 180 apartments, 1,863 square metres of commercial and/or community space and around one acre of open green space town centre […] Posted by: Deividas Krupstas Read more
Morrisons Secures £331 Million Property Deal to Bolster Financial Position Sep 27, 2024 Morrisons, the UK’s fifth-largest supermarket chain, has agreed to a major property deal aimed at raising £331 million. This move is part of the company’s ongoing strategy to reduce its substantial debt burden. The deal involves the sale of ground rents on 76 of its stores, providing a significant boost to the supermarket’s efforts to […] Posted by: Deividas Krupstas Read more
MEPC Unveils Plans to Transform New Century House into an Upscale Hotel in Manchester’s NOMA Estate Sep 27, 2024 MEPC, a leading investor and developer, has announced ambitious plans to convert the iconic Grade II listed New Century House in Manchester’s NOMA district into an upscale hotel. The 14-storey office building, which has stood as a landmark of the city’s skyline, will undergo a major transformation to become a 196-room lifestyle hotel, blending historic […] Posted by: Deividas Krupstas Read more
GoldenTree Asset Management Acquires abrdn Property Income Trust for £351 Million Sep 27, 2024 GoldenTree Asset Management, the US-based owner of Travelodge, has announced the successful acquisition of abrdn Property Income Trust (API) for a total of £351 million. This significant transaction marks a major development in the UK property investment market and brings API’s managed wind-down process to a close. Under the terms of the deal, GoldenTree will […] Posted by: Deividas Krupstas Read more
£150m Wolverhampton scheme gets green light Sep 27, 2024 Wavensmere Homes has received planning approval from City of Wolverhampton Council for its £150m residential-led Canalside South development. The 17.5-acre former industrial site is located within the city centre – moments from the transport interchange – and benefits from frontage onto the Wyrley & Essington Canal and the Wolverhampton Branch of the Birmingham Main Line […] Posted by: Deividas Krupstas Read more
