Supermarket Income REIT Secures £170 Million Debt Refinancing Jul 26, 2024 Supermarket Income REIT plc (LSE: SUPR), known for providing secure, inflation-linked, long-term income from grocery properties, has finalised a £170 million refinancing through its first private placement debt issuance and a new unsecured bank facility. The company has successfully completed a £71.38 million private placement of new senior unsecured notes with institutional investors. The notes, […] Posted by: Mya Driver Read more
NatWest Group Acquires £2.5 Billion Metro Bank Mortgage Portfolio Jul 26, 2024 NatWest Group plc has announced the acquisition of a £2.5 billion portfolio of prime UK residential mortgages from Metro Bank plc. This acquisition will bring around 10,000 customer accounts to NatWest, while Metro Bank will continue to service these accounts under existing arrangements following the transfer. Paul Thwaite, CEO of NatWest Group, commented on the […] Posted by: Mya Driver Read more
John Lewis Receives Approval for New Housing Development in Bromley Jul 26, 2024 John Lewis has received approval for its inaugural housing project, gaining permission to construct 350 flats above a Waitrose store in Bromley, South London. The Bromley council approved the proposal on Thursday evening. The plan involves retaining the existing Waitrose supermarket at ground level and building three residential blocks of 10 to 24 floors, which […] Posted by: Mya Driver Read more
Arrow Capital acquires warehouse in South Elmsall for £17m Jul 25, 2024 Arrow Capital Partners, a specialist investor, developers and manager of real estate in Europe and Asia-Pacific, has acquired a 296,500 sq ft distribution warehouse in South Elmsall, West Yorkshire for over £17 million. The warehouse has been sold by Columbia Threadneedle Investments, and they were advised by GV&Co’s investment division. The building is situated on […] Posted by: Mya Driver Read more
Planning granted for Grade A Office refurbishment in London Jul 25, 2024 Deka Immobilien has been granted planning permission for a significant renovation of 1 Old Jewry, a prime property located in the heart of the City of London. Savills and CBRE are handling the lettings. The refurbishment will include around 69,300 sq ft of Grade A office space spread across the first to ninth floors and […] Posted by: Mya Driver Read more
Prestwich regeneration given green light Jul 25, 2024 A £100m regeneration plan of the Longfield Centre site in Prestwich has been approved by Bury Council. Members of the Council’s Planning Control Committee voted in favour to approve the proposal on 23rd July 2024. The plans will see new spaces for community facilities and around 200 new homes at the site new Bury New […] Posted by: Mya Driver Read more
Former Siemens Chief to Lead New State-Owned Energy Company Jul 25, 2024 Juergen Maier, the former Chief Executive of Siemens UK, has been appointed as the Chair of Great British Energy, the newly established state-backed power company. With 33 years of experience at Siemens UK, one of the biggest wind turbine producers in the UK, Mr Maier brings extensive expertise to the role. He also serves as […] Posted by: Mya Driver Read more
Blackpool FC Secures Approval for 87-Acres Jul 25, 2024 Blackpool FC has received the necessary approvals to develop a state-of-the-art training facility on an 87-acre plot off Garstang Road, situated between Blackpool and Poulton-le-Fylde. The project, aimed at providing Premier League-standard facilities, required permissions from both Wyre Council and Blackpool Council due to the site’s geographical location. Wyre Council’s planning committee granted its approval […] Posted by: Mya Driver Read more
Hillcrest Private Equity Acquires Manchester’s Arkwright House Jul 25, 2024 Hillcrest Private Equity Real Estate has expanded its portfolio with the acquisition of the 95,000 sq ft Arkwright House in Manchester from a Luxembourg-based fund. The deal, involving the grade two-listed neo-classical building, marks Hillcrest’s first investment in the North West. Arkwright House, located on Parsonage Gardens, was previously acquired by Catalyst Capital in 2014 […] Posted by: Mya Driver Read more
Colmore Capital Finalises Coventry Car Showroom Sale to Listers Group Jul 25, 2024 Colmore Capital, a property investment firm based in the Midlands, has successfully sold its 20,560 sq ft car showroom located in Coventry to the nationwide automotive operator, Listers Group. The sale, completed last November, followed direct negotiations between Colmore Capital and Listers Group, facilitated by the relocation of the showroom’s previous tenant. The property, situated […] Posted by: Mya Driver Read more
