Share purchase by Simon Lee, LXi Investment Advisor Oct 19, 2022 The Board of LXI REIT (ticker: LXI), the specialist inflation-protected very long income REIT, announces that Simon Lee, Partner and Fund Manager of the Company’s Investment Advisor, LXI REIT Advisors Limited, acquired 207,989 ordinary shares in the capital of the Company at 118.9 pence per share for a total cost of £247,299 on 17 October 2022. LXi REIT PLC recently exchanged contracts with J Sainsbury […] Posted by: Mya Driver Read more
Norway Oil Fund Buys 48.75% Stake in UK Life-Sciences Property For £90.2m Oct 19, 2022 Norges Bank Investment Management has signed an agreement to acquire a 48.75 percent interest in a property which will be developed into a life sciences property, located at Capital Park in Cambridge. The investment will be made in joint venture with the Public Sector Pension Investment Board “PSP Investments” and Longfellow Real Estate Partners “Longfellow”. […] Posted by: Mya Driver Read more
3000 acre property for sale in Cumbria Oct 19, 2022 Mitchell’s Land Agency is selling a property that extends to 3,000 acres and rises to 931m on the summit of Skiddaw one of the Lake District’s most visually pleasing fells. Skiddaw House, the most Secluded House in England rests 1,500 feet above sea level, on the back of spectacular Skiddaw. “As one of the oldest established […] Posted by: Mya Driver Read more
Leopard Capital sells Booker Cash & Carry warehouse in Trowbridge for £3.25m Oct 19, 2022 Leopard Capital, the property investment fund, has completed the off-market sale of the Booker Cash & Carry warehouse, Canal Industrial Estate, Trowbridge for £3,250,000, reflecting a Net Initial Yield of 5.59%. Leopard Capital acquired the asset in 2018 for £2,385,000. The asset totals 35,527 sq ft GIA and is let for a further 2.5 years […] Posted by: Mya Driver Read more
Marshgate Group and Nuveen Real Estate complete forward funding deal at Horizon 120 Braintree Oct 19, 2022 Nuveen Real Estate has agreed to forward fund the development of “Eos”, a new 121,230 sq ft, high quality industrial/hi-tech scheme in Braintree, Essex, providing nine units ranging from c.8,000-20,000 sq ft. The development forms part of Horizon 120, an exemplar business park for the region capable of providing in excess of 750,000 sq ft […] Posted by: Mya Driver Read more
Agreement to progress development of new small scale nuclear reactor in Wales Oct 17, 2022 The Nuclear Decommissioning Authority (NDA) has today announced the signing of a Memorandum of Understanding (MoU) with Cwmni Egino to support their development of a new small scale nuclear project in North Wales. The MoU enables the NDA to share information and expertise around the characteristics of its land at Trawsfynydd, to align the decommissioning […] Posted by: Mya Driver Read more
Bromborough Wharf on the Wirral to be redeveloped into 564 homes Oct 17, 2022 The development will provide up to 564 residential units. The housing mix will be 96 x 1,2, 3 and 4 bed assisted living apartments in a single block of up to 6 storeys; 244 x 1, 2 and 3 bed apartments in 3 blocks of up to 6 storeys Bromborough Wharf – West Planning Statement […] Posted by: Mya Driver Read more
Plans approved for 1250 homes in Portsmouth Oct 17, 2022 Plans for the redevelopment of land at Tipner West in Portsmouth have been approved by councillors. The plans include building 1,250 homes and 58,000sqm of employment space. The council has already spent almost £20m on plans and assessments for the area. Posted by: Mya Driver Read more
Phase one works to create £1bn Trafford Waters approved Oct 14, 2022 Plans to start building a new mixed-use sustainable community in Trafford with up to 3,000 homes to suit a range of needs, a primary school and almost 20 acres of new public open space have been approved. Trafford Council has granted planning permission for the first phase of infrastructure works at Peel L&P’s Trafford Waters […] Posted by: Mya Driver Read more
Zorin Finance completes £25m PBSA funding in Bath Oct 14, 2022 Aternative property lending group Zorin Finance has completed two Purpose Built Student Accommodation (PBSA) transactions with Rengen Developments and Longacre Developments. The £25 million loan will be split into a development and an investment term loan secured against two mixed-use sites in central Bath. The Scala, Oldfield Park, Bath The £13 million facility will support the […] Posted by: Mya Driver Read more
