£90 Million Student Accommodation Portfolio Hits the Market Across Four UK Cities Mar 1, 2024 Beachrock has announced its role in orchestrating the sale of a purpose-built student accommodation (PBSA) portfolio valued at £90 million, offering 1,494 student bed spaces across prime university cities in the UK. Each individual bed space in the collection is valued at £60,000, presenting an attractive proposition for investors. The portfolio encompasses seven assets situated […] Posted by: Mya Driver Read more
Fidelity International to Combine UK-Domiciled Property Fund with Enhanced Income Fund Mar 1, 2024 Fidelity International has set in motion the merger of its UK-domiciled Global Property fund, valued at £109 million, into the larger Global Enhanced Income fund, which stands at £234 million. This strategic manoeuvre is intended to address the practicality of maintaining the Global Property fund, which has seen a decrease in size due to investor […] Posted by: Mya Driver Read more
Rushbond adds landmark Harrogate office building to its growing commercial portfolio Feb 29, 2024 Yorkshire-based property company Rushbond PLC has acquired The Exchange in Harrogate, a landmark ten-storey office building located in a prime location above the town’s train station. The acquisition is part of Rushbond’s strategic plan to grow its portfolio of well-located, best in class commercial assets in Yorkshire, having also recently purchased the iconic Bank House […] Posted by: Mya Driver Read more
LXi REIT Finalises £210 Million Sale of 66 Hotels to Travelodge Feb 29, 2024 LXi REIT plc, renowned for its investment in long-term, inflation-linked commercial property assets, has announced the successful completion of its transaction with Travelodge, selling 66 of its branded hotels for a total of £210 million. This strategic move, initially disclosed on 8 January 2024, marks a significant development in the company’s operations. The transaction with […] Posted by: Mya Driver Read more
Coventry University awarded £13million government grant to help fund switch to net zero campus Feb 29, 2024 Coventry University has been awarded a grant of almost £13million to help hit its target of being net zero by 2030. The grant from the Public Sector Decarbonisation Scheme, which is funded by the Department for Energy Security and Net Zero, and delivered by Salix Finance Limited, will help towards the cost of installing around […] Posted by: Mya Driver Read more
Focus Estate Fund Makes UK Debut with Acquisition of Wrexham’s Island Green Retail Park Feb 29, 2024 Focus Estate Fund has recently secured the Island Green Retail Park in Wrexham. This acquisition signifies the fund’s first foray into the United Kingdom, a move that showcases its ambition to broaden its footprint in the global commercial real estate sector. The retail park, boasting a Gross Internal Floor Area of 103,305 square feet, hosts […] Posted by: Mya Driver Read more
Top-Secret Buyer Scores 57-Acre Site in South Yorkshire for Redevelopment Feb 29, 2024 Watling Real Estate has completed the acquisition of a substantial 57-acre site in South Yorkshire, previously home to Bawtry Carbon Ltd, for an undisclosed amount on behalf of private clients. The site, known for its former use as a brickworks and later for manufacturing carbon cathode blocks for the aluminium smelting industry, represents a prime […] Posted by: Mya Driver Read more
Hull City Council Secures William Booth House for £1 Feb 29, 2024 Hull City Council has acquired the former hostel, William Booth House, from the Salvation Army for the symbolic sum of £1, marking a significant step towards revitalising the property. The council plans to engage with the local community to determine the best future use of the Hessle Road site, which has been vacant since April […] Posted by: Mya Driver Read more
Portsmouth Council Expands Housing Portfolio with Acquisition of 818 Homes Feb 29, 2024 Portsmouth City Council has officially become the landlord for nearly 800 households following the completion of a substantial social housing purchase on 26 February 2024. This move, involving the acquisition of 747 homes in its initial phase from Clarion Housing Group, represents a significant expansion of the council’s role as a social housing provider in […] Posted by: Mya Driver Read more
Sun Venture Acquires London Hotel for Under £100 Million, Marking First Hospitality Venture Feb 29, 2024 Singapore-based investment manager Sun Venture has ventured into the hospitality sector by acquiring a 280-key hotel in central London for less than £100 million. The property, previously an office block, was purchased from UK asset manager Resolution Property, signifying Sun Venture’s diversification beyond its traditional focus on office and retail spaces. The acquisition of Hyatt […] Posted by: Mya Driver Read more
