Grosvenor expands residential debt platform Mar 25, 2024 Grosvenor Property UK has today announced a significant expansion of its residential debt strategy, building on the success of its initial £120m allocation. Over the next ten years, Grosvenor will look to allocate £900m of debt funding to support housing delivery, comprised of new funding and recycling capital from existing and future lending. Launched in April 2023, Grosvenor’s residential debt strategy is part of a wider £900m regional investment portfolio, which also comprises retail and entertainment destination Liverpool ONE and c500,000 sq. ft […] Posted by: Mya Driver Read more
Helical agrees sale of 25 charterhouse square Mar 25, 2024 Helical plc has exchanged contracts on the sale of the long leasehold interest in 25 Charterhouse Square, London, EC1 to a Real Estate fund managed by global alternative investment manager, Ares Management (“Ares)”, for £43.5 million. The disposal price represents a 6.5% discount to the 30 September 2023 book value. Redeveloped by Helical in 2017, 25 […] Posted by: Mya Driver Read more
Aprirose agrees ground rent acquisition on trio of hotels Mar 25, 2024 Aprirose, the real estate investment company, has completed the purchase of the ground rents of three hotels in the UK which are part of the QHotels portfolio. The company has acquired the ground rents of Oulton Hall in Leeds, Slaley Hall in Northumberland and Crewe Hall in Cheshire from Lloyds Pension Fund. The QHotels portfolio, […] Posted by: Mya Driver Read more
Oxford & LCP secure planning for 340,000 sq ft Heathrow sustainable logistics development Mar 25, 2024 Oxford Properties Group (“Oxford”), a leading global real estate investor, asset manager and developer, and Logistics Capital Partners (“LCP”), a best-in-class developer and asset manager of logistics real estate across Europe, have secured planning permission to develop c. 340,000 sq ft of technologically advanced and environmentally sustainable logistics space on a 15-acre brownfield site adjacent […] Posted by: Mya Driver Read more
HM Land Registry and The Coal Authority announce UKREiiF 2024 partnership Mar 22, 2024 HM Land Registry and The Coal Authority have partnered once again, for the second year, at UK’s Real Estate Investment and Infrastructure Forum (UKREiiF), which is set to take place between 21-23 May, in Leeds. HM Land Registry is a UK government department, created in 1862 to register the ownership of land and property in […] Posted by: Mya Driver Read more
Places for People acquires For Profit Registered Provider Rosewood Housing Mar 22, 2024 Leading social enterprise Places for People and its fund management business, Thriving Investments, are pleased to announce the acquisition of Rosewood Housing (“Rosewood”), the For-Profit Registered Provider of high-quality, affordable homes, from FRP, the administrator of Inland Homes PLC. With 61 homes across the South East, the acquisition will see Rosewood join Places for People […] Posted by: Mya Driver Read more
DTZ Investors Completes Third Investment for the LGPS Central Property Fund Mar 22, 2024 DTZ Investors is pleased to confirm the acquisition of Goodmayes Retail Park, Chadwell Heath, London, the third investment for LGPS Central’s recently launched UK Direct Property Fund. Goodmayes Retail Park is let to a range of retailers including Wickes, Currys, Carpetright, The Gym, Nandos, Costa and Masala Bazaar. The site is located in an area […] Posted by: Mya Driver Read more
Plans submitted for next stage of ‘transformational’ Stockport Exchange Mar 22, 2024 Plans have been submitted to create the next chapter of the award-winning Stockport Exchange development. Stockport Council, working alongside national placemaker Muse, has submitted a planning application, which updates the previously approved masterplan for Stockport Exchange, and sets out detailed plans for the next phase – 4 Stockport Exchange, as well as outline planning for […] Posted by: Mya Driver Read more
Acquisition of a Tesco supermarket and amendments to investment advisory agreement Mar 22, 2024 Supermarket Income REIT plc (LSE: SUPR), the real estate investment trust providing secure, inflation-linked, long income from grocery property in the UK, announces the acquisition of a Tesco omnichannel supermarket in Stoke-on-Trent, Staffordshire, for a total purchase price of £34.7 million (excluding acquisition costs), reflecting a net initial yield of 7.5%. The acquisition comprises a […] Posted by: Mya Driver Read more
Leatherhead Town Centre Set for Revitalisation with New Kier Partnership Mar 21, 2024 Leatherhead’s town centre is poised for a major transformation following a new partnership deal facilitated by national law firm Freeths. After two years of planning and negotiation, Mole Valley District Council (MVDC) has entered into a joint venture with Kier Property Developments aimed at revitalising the Surrey town’s core. The ambitious project will focus on […] Posted by: Mya Driver Read more
