Mayfair Capital acquires Manchester asset in £35m deal May 24, 2022 Helical plc, a UK real estate investment trust specialising in the redevelopment and refurbishment of highly sustainable, best-in-class London office buildings announces that it has simultaneously exchanged and completed contracts on the sale of Trinity in Manchester, to clients of Mayfair Capital, for £34.55m (£590 psf), reflecting a net initial yield of 5%. The sale […] Posted by: Leon Newton Read more
Dominvs completes UK’s largest ever PBSA forward funding deal May 23, 2022 London developer Dominvs has completed the country’s largest forward fund in the purpose built student accommodation sector for £173m, with Scape.Comprising 713-beds, the scheme will be one of the capital’s largest student accommodation developments, Dominvs exclusively told CityA.M.The university housing deal came after Dominvs had secured consent for two hotels on the Hammersmith site. Citing […] Posted by: Leon Newton Read more
Network Space Acquires former Manchester College Site May 23, 2022 Network Space Developments has acquired a 2.8-acre site on Welcomb Street, Openshaw, from the LTE Group for an undisclosed sum.The former Manchester College site, accessed from the Ashton Old Road (A635), currently comprises of eight buildings of varying ages and sizes which were previously used as classrooms and workshops by the Manchester School of Building.Initial […] Posted by: Leon Newton Read more
Cole Waterhouse and Tonia Investments JV acquires Leeds site for 1,000-home development May 23, 2022 Cole Waterhouse and Tonia Investments have successfully purchased a 3.8-acre brownfield site in Leeds city centre having recently secured planning for 1012 apartments, over five separate blocks.Currently referred to as ‘Leeds City Village’, the triangular site sits opposite Leeds’ cultural district, Quarry Hill. Bound by Marsh Lane to the west and Shannon Street to the […] Posted by: Leon Newton Read more
Aviva Investors surpasses £1bn sustainable transition loans target three years early May 23, 2022 Aviva Investors, the global asset management business of Aviva plc (‘Aviva’), announces that it has provided a £227 million sustainability-linked refinancing to property group Romulus, on behalf of Aviva UK Life’s annuity business. Romulus is a London-based investment and development company who own and manage a mixed-use portfolio of over one million square feet. Significantly, […] Posted by: Leon Newton Read more
LondonMetric acquires two NNN Retail assets for £23m May 23, 2022 LondonMetric Property Plc has acquired a portfolio comprising two NNN retail assets for £23.3 million, reflecting a blended NIY of 6.7%.The properties generate a rent of £1.6 million p.a., which equates to £13.90 psf. They have a WAULT of six years and comprise: • a 76,000 sq ft property in Evesham, which is predominantly let […] Posted by: Leon Newton Read more
Sanders Senior Living places new care home in Leicestershire May 23, 2022 Knight Frank, the leading global property adviser, has advised Sanders Senior Living on the acquisition strategy for a new care home development in Melton Mowbray, Leicestershire.Sanders Senior Living has completed the transaction for the development of a new, future-proofed care home facility in Melton Mowbray, Leicestershire which will comprise 60 bedrooms on a one acre […] Posted by: Leon Newton Read more
DWS acquires three residential blocks in London Apr 8, 2022 DWS has announced it has exchanged contracts to acquire three residential properties within the development known as “Royal Albert Wharf” in East London for one of its institutional real estate funds, in an off-market transaction. The fully let new residential properties in the Royal Docks, completed in 2020, are located directly on the River Thames […] Posted by: Leon Newton Read more
Claymore Homes submits plans for 800 new homes project Apr 8, 2022 Housebuilder Claymore Homes has submitted plans to Aberdeenshire Council to build 800 homes, a new primary school and community facilities at South Ugie. An application for planning permission in principle has been submitted after several consultation events with stakeholders and residents. Halliday Fraser Munro is providing professional architecture and planning consultancy services to Claymore as […] Posted by: Leon Newton Read more
SSE submits plans for new power station in Scotland Apr 8, 2022 Developers SSE Thermal and Equinor want to deliver the proposed 910MW Peterhead Carbon Capture Power Station on the Aberdeenshire coast. In January, SSE Thermal and Equinor entered the Peterhead project into a UK Government competition which aims to support industrial clusters to decarbonise. Earlier this month, it was announced that the project will progress to full evaluation […] Posted by: Leon Newton Read more
