Parklane plans PBSA project in Glasgow May 25, 2022 Plans have been submitted to convert a hotel in Glasgow’s Sauchiehall Street into student accommodation.The Parklane Group wants to convert and extend the former Lorne Hotel premises, part of which is A-listed, into 147 studios plus a range of facilities including a cinema, games rooms, gym, spa, events kitchens, an amphitheatre, cultural lounges and study […] Posted by: Leon Newton Read more
Slate invests £50m into UK vertical farming May 25, 2022 Slate Asset Management has invested £50m in UK-based vertical farming business Eider VF (EVF).The asset manager said the investment was made on behalf of the Cities and Communities Impact Infrastructure Strategy launched in February this year.Founded in 2016, EVF develops farms growing leafy produce to be sold to the UK mass market. EVF’s products are […] Posted by: Leon Newton Read more
University secures landmark ESG loan for city campus plans from Barclays May 25, 2022 University of Gloucestershire is one of the first universities in the UK to secure funding linked to its commitment to Environmental, Social and Governance (ESG) goals. The University has secured £29million in ESG linked loans from Barclays that will contribute to supporting its ambitious City Campus development and ESG goals: to recruit a higher proportion […] Posted by: Leon Newton Read more
Aldermore provides £11m loan to Russell Armer Homes for new resi scheme May 25, 2022 Aldermore has provided a £10.7m loan to Russell Armer Homes to deliver a housing development in Kendal. The Meadow Rigg site is located on the northern edge of Kendal, which is at the southern edge of the Lake District in Cumbria. The development is another joint venture between Russell Armer Homes and the Housing Growth […] Posted by: Leon Newton Read more
Oxenwood secures £63m development loan from Blackstone May 24, 2022 Oxenwood Real Estate, the UK and European real estate investment management firm, has secured a £63 million debt facility from Blackstone Real Estate Debt Strategies to fund two UK logistics developments.The three-year development loan has been secured on behalf of Oxenwood Logistics Fund 1 SLP, a discretionary fund managed by Oxenwood. The largest of the […] Posted by: Leon Newton Read more
Clearbell closes £150m investment programme May 24, 2022 Clearbell UK Strategic Trust (CST), a Trust advised by Clearbell Capital, has announced that it is now fully invested, following the acquisition of 6-24 Britannia Street in Kings Cross for £13.5m. CST has acquired 20 assets over 12 separate transactions since November 2020, totalling more than £150m. The mixed-use portfolio has significant exposure to logistics, […] Posted by: Leon Newton Read more
Helical and Baupost JV disposes of London asset for £16.5m May 24, 2022 Helical plc, a UK real estate investment trust (REIT) specialising in the redevelopment and refurbishment of highly sustainable, best-in-class London office buildings together with its joint venture partner Baupost Group, has exchanged contracts to sell 55 Bartholomew Close to a private European investor for £16.5m. The sale price reflects a net initial yield of 4.5% […] Posted by: Leon Newton Read more
Warehouse REIT and Panattoni to deliver major logistics park in the North West May 24, 2022 Warehouse REIT, the urban and ‘last-mile’ industrial warehouse investor, has entered into a development agreement with Panattoni, the largest logistics real estate developer in Europe, to bring forward the development of up to 2 million sq ft at its logistics hub at Radway Green, in Crewe. Under the terms of the agreement, Panattoni, which has […] Posted by: Leon Newton Read more
Packaged Living BtR scheme in Newcastle gets planning approval May 24, 2022 This week, following a planning application from Packaged Living, Newcastle City Council approved plans for a 289-unit residential scheme on Newcastle’s Quayside. The impressive new development will sit on a 1.5-acre site alongside the river and will include significant amenity space, commercial space, and on-site car parking for residents. Quayside 12 has environmental and residents’ […] Posted by: Leon Newton Read more
Adhan Group acquires Blackburn retail asset in £38m deal May 24, 2022 Capital & Regional, the UK convenience and community focused shopping centre REIT has exchanged contracts for the sale of The Mall, Blackburn to the retail arm of the Adhan Group of Companies for £40 million in cash. This represents a premium to the December 2021 valuation of £38.2 million. Completion of the sale, which is subject […] Posted by: Leon Newton Read more
