£40m 700,000 sq ft logistics development approved Dec 5, 2024 Wrenbridge and Fiera Real Estate (“Fiera”) has announced that they have secured planning for a new 120,000 sq ft logistics facility in Stevenage, bringing Wrenbridge’s total pipeline approved at planning this year to 700,000 sq ft. The site has a GDV of £40m and was purchased in June 2024 on behalf of the Fiera Real […] Posted by: Deividas Krupstas Read more
Beal Homes gets approval for £120m development delivering 450 homes Dec 5, 2024 A planning application by East Yorkshire-based housebuilder Beal for a 52-acre site in the Kingswood area has been given the green light by Hull City Council’s Planning Committee, subject to conditions. The “hybrid” application included full planning permission for the first 214 homes and associated works, as well as outline plans for a further 236 […] Posted by: Deividas Krupstas Read more
Plans for £250m Stockport project submitted Dec 5, 2024 A planning application has been submitted for a mixed neighbourhood in Stockport following a detailed community consultation. The proposals have been brought forward by The Stockport 8 LLP – a joint venture of Stockport Council and ECF (itself a joint venture between Homes England, Legal & General and Muse.) The proposals seek to create an […] Posted by: Deividas Krupstas Read more
Helical sells £7m asset to private investor Dec 5, 2024 Helical has sold its freehold interest in the Power House in Chiswick, London W4, to Riverside Capital’s private investor syndicate at 30 September 2024 valuation of £7 million, reflecting a net initial yield of 7.3%. The c. 21,000 sq ft property is let to Metropolis London Music Ltd for a further 19 years at a […] Posted by: Deividas Krupstas Read more
Quintain secures £128m loan on BtR development at Wembley Park Dec 4, 2024 Quintain, the developer behind Wembley Park, has successfully completed the refinancing of a trophy build-to-rent (BtR) building at Wembley Park with a £128.7 million Natixis CIB green loan. The loan represents a significant deleverage on the existing facility and refinances out Cheyne Capital, who supported Quintain by providing the original development financing for the construction […] Posted by: Deividas Krupstas Read more
KKR and Baupost Purchase 33 Marriott International Hotels in the UK from ADIA Dec 4, 2024 Leading investment firms KKR and The Baupost Group today announced a joint venture to purchase a portfolio of 33 Marriott International hotels across the UK from a wholly owned subsidiary of the Abu Dhabi Investment Authority (ADIA). Amante Capital, KKR’s vertically integrated European hospitality platform, will serve as managing partner for the joint venture and […] Posted by: Deividas Krupstas Read more
Criterion Capital acquires world’s first YMCA to revitalise this historic London landmark Dec 4, 2024 Criterion Capital has announced the acquisition of the world’s first YMCA on Tottenham Court Road in London. This iconic building, a cornerstone of the Fitzrovia community for almost 50 years, represents a unique piece of cultural heritage. Criterion Capital’s acquisition was initiated by Central YMCA, who sought Criterion’s economic support in addressing escalating challenges. As […] Posted by: Deividas Krupstas Read more
£40m Octopus and Torwood Care partnership to deliver three care homes Dec 4, 2024 Octopus Real Estate, part of Octopus Investments and a leading specialist real estate investor and lender, today announces £40 million of funding for three new high-quality, purpose-built care homes in the Octopus Healthcare Fund’s (OHF) portfolio of over 100 homes. These new care homes will provide a total of over 200 beds, each with a […] Posted by: Deividas Krupstas Read more
Avant Homes Announces £90m Residential Development in Nottinghamshire Dec 3, 2024 Leading UK homebuilder Avant Homes has unveiled plans for an ambitious £90 million residential scheme at Pleasley Hill Farm in Mansfield, Nottinghamshire. The development will transform a 22-acre site into a vibrant community with nearly 400 new homes, catering to diverse housing needs across various price points and tenures. The proposal outlines the delivery of […] Posted by: Deividas Krupstas Read more
Waitrose Opens First New Store in Six Years Dec 3, 2024 Waitrose has officially opened its first new store in six years, marking a significant milestone in its growth strategy. The new Little Waitrose store, located in Hampton Hill, southwest London, is the retailer’s 47th convenience outlet and represents a key element of its £1 billion investment plan. This investment will span four years, focusing on […] Posted by: Deividas Krupstas Read more
