Impact Healthcare Sells Five Care Homes for £8.8 Million Jul 3, 2024 Impact Healthcare has announced the sale of five care homes for £8.8 million as part of its active portfolio management strategy. These homes were initially acquired as part of the company’s IPO seed portfolio in May 2017. The properties sold include three care homes in East Yorkshire: Ashgrove Care Home in Cleethorpes, Emmanuel House in […] Posted by: Mya Driver Read more
Canva Expands London Presence with Acquisition of Three Properties Jul 3, 2024 Sydney-based graphic design company Canva is expanding its footprint in the UK by purchasing three properties, including its current European headquarters at 33 Hoxton Square in London, which opened in May last year. Duncan Clark, Canva’s European lead and co-founder of Flourish, announced that the company will also acquire The Rutherford at 43 Hoxton Square […] Posted by: Mya Driver Read more
PIC completes second buy-in with the TotalEnergies UK Pension Plan, now covering all £2.8 billion of liabilities Jul 3, 2024 PIC, a specialist insurer of defined benefit pension schemes, has concluded a second buy-in with the Trustee of the TotalEnergies UK Pension Plan (‘the Plan’) for £1.2 billion. The transaction is the largest completed buy-in announced to date this year. It follows the Plan’s first buy-in with PIC for £1.6 billion in 2014. PIC has […] Posted by: Mya Driver Read more
West Sussex to See 600 New Homes in New Housing Scheme Jul 3, 2024 West Sussex County Council and Lovell Partnerships have unveiled a new housing initiative aiming to deliver 600 homes in the county as part of their 30-year collaboration. The first phase of the project, featuring 22 affordable homes, is under construction on a brownfield site in Southwick, formerly Eastbrook Primary School. These homes will offer two, […] Posted by: Mya Driver Read more
Aviva Investors acquires £25 million retail park in Reading Jul 3, 2024 Aviva Investors, the global asset management business of Aviva plc, announces it has completed the acquisition of Brunel Retail Park in Reading. Consisting of six modern retail units and including two restaurants, Brunel Retail Park offers more than 117,000 sq ft of lettable space, with units ranging from 1,009 sq ft to 35,500 sq ft. […] Posted by: Mya Driver Read more
‘We want this sector to be a forever stable, evergreen platform’ – examining the future of the purpose-built student accommodation market at UKREiiF 2024 Jun 25, 2024 By Daniel Halstead, Real Estate Partner at Shoosmiths Despite the difficult operating conditions of recent years, the UK’s purpose-built student accommodation (PBSA) market continues to demonstrate its resilience. Investment into the sector resurged in Q1 2024, with Knight Frank’s UK Student Housing Market Update reporting nearly £750m deployed into PBSA across 21 transactions. The long-term […] Posted by: Mya Driver Read more
Firethorn Trust bolsters Living portfolio with Malmaison York acquisition Jun 25, 2024 Real estate investor, developer and asset manager Firethorn Trust has acquired the boutique hotel asset in an off-market deal. Purchased foran undisclosed sum, the 29,000 sq ft site is occupied by Malmaison under a 35-year lease, with a current rental income of £2.1m per annum. Situated on Rougier Street, within the historic walls of the […] Posted by: Mya Driver Read more
Plans Unveiled for 1,300-Home Estate in Bushey Jun 25, 2024 Trulocom, a care home operator, has proposed a new housing development for a 93-acre site south of Bushey, between Heathbourne Road and the M1. The project is set to feature 1,300 homes, with a majority designed to accommodate elderly individuals or those requiring care services, representing around 70% of the total units. The development plans […] Posted by: Mya Driver Read more
Panattoni to Construct £135m Logistics Hub Near Coventry Jun 25, 2024 Developer Panattoni is set to establish a new logistics park, valued at £135 million, adjacent to the M6, following its recent acquisition of a 47-acre site in Coventry. The project, named Panattoni Park Coventry, is a net-zero speculative development situated north of Coventry city centre in Exhall. The newly acquired land, purchased from L&Q Estates, […] Posted by: Mya Driver Read more
Landsec Acquires Increased Share in Bluewater Shopping Centre for £120m Jun 25, 2024 Landsec has expanded its ownership in the Bluewater Shopping Centre in Kent to 66.25% following a £120 million purchase from Singapore’s GIC. This deal occurred on Tuesday and has increased the FTSE 100 firm’s net rental income by £10.3 million per year. Bruce Findlay, head of retail at Landsec, commented, “This transaction underscores our ability […] Posted by: Mya Driver Read more
