Qatari Sheikh Considers Selling Two Prestigious London Properties for £370 Million Aug 18, 2023 Sheikh Hamad bin Jassim bin Jaber Al Thani, a prominent Qatari royal known for his extensive investments, is contemplating the sale of two luxurious properties in London’s elite Knightsbridge district. The combined asking price for these properties is £370 million. The first property, a triplex penthouse in the renowned One Hyde Park project, is expected […] Posted by: Mya Driver Read more
Watkin Jones Finalises Sale to L1 Property Aug 18, 2023 Watkin Jones, a prominent real estate developer, has successfully completed the sale of a three-property freehold PRS (Private Rented Sector) portfolio to L1 Property, a subsidiary of L1 Capital focusing on real estate funds management. The portfolio, encompassing over 117,000 square feet, consists of 174 units spread across three locations. The properties include 78 units […] Posted by: Mya Driver Read more
LDS Sales Guarantees Acquires Unsold Homes Valued at £3 Million Aug 18, 2023 LDS Sales Guarantees, a company specializing in real estate, has finalized the cash acquisition of seven unsold homes, collectively worth close to £3 million. This purchase was part of a sales guarantee and interest-free cash release provided to D T Joseph, a housebuilder that had been struggling with delays due to COVID-19, increased material costs, […] Posted by: Mya Driver Read more
GPE announces the acquisition of the Soho Square Estate Aug 18, 2023 Great Portland Estates plc (GPE) is delighted to announce the acquisition of King Sloane Properties Limited (the Company), which owns the freehold interests at 16/19 Soho Square, 29/43 Oxford Street and 7 Falconberg Mews, W1, from Belgravia & Chelsea Property Services Limited. The cash consideration is based on a property value of £70 million (£772 […] Posted by: Mya Driver Read more
VU.CITY secures spot in UKREiiF 2024 exhibition hall Aug 17, 2023 VU.CITY, the pioneering digital platform revolutionising urban planning, has officially announced its involvement with The UK’s Real Estate Investment & Infrastructure Forum (UKREiiF), which is set to take place between 21-23 May 2024, in Leeds. VU.CITY’s platform offers an immersive 3D digital twin of cities worldwide, empowering decision-makers, architects, and city planners to simulate and […] Posted by: Mya Driver Read more
‘Significant transaction’: Costco searches for suitable Locations for 14 new UK stores Aug 17, 2023 Costco, the bulk buy retailer, is ramping up its expansion drive in the UK with plans to open 14 new warehouses over the next two years. The company is actively looking at several locations, including Brighton, Cambridge, Chelmsford, south Glasgow, southeast London, and Oxford, with the intention to open as soon as possible. However, the […] Posted by: Mya Driver Read more
Redrow Agrees to Sell 249 Homes from Colindale Gardens to Barnet Council in a Major Affordable Housing Move Aug 17, 2023 In a significant move towards affordable housing, listed housebuilder Redrow has agreed to sell 249 new-build homes from its flagship London development, Colindale Gardens, to Barnet Council. The contracts have been exchanged, and the majority of these homes, ranging from studios to three-bedroom units, will be made available for affordable rent. The properties are part […] Posted by: Mya Driver Read more
CapitaLand Acquires Digital Realty Data Centre in London for £125.1 Million Aug 17, 2023 Singaporean investment firm CapitaLand has completed the acquisition of a Digital Realty data centre located in Watford, just north of London, UK. The purchase, made through CapitaLand Ascendas REIT Management Limited, was finalized for £125.1 million ($159 million). The acquired property is believed to be the Chess Building, a 31MW data centre encompassing 25,000 square […] Posted by: Mya Driver Read more
DTZ Investors Makes Significant Acquisition in London Aug 17, 2023 DTZ Investors, a prominent investment firm, has completed the purchase of a key supermarket site in London’s Islington borough for a sum of £56.25 million. The property, currently leased to the well-known supermarket chain Sainsbury’s, spans 2.5 acres and includes a 67,426 square foot building with a 131-space car park. The supermarket has been a […] Posted by: Mya Driver Read more
UK REIT to be picked off by major NY REIT Aug 17, 2023 Realty Income, a $30billion New York-listed real estate investment trust (REIT), is reportedly closing in on a deal to acquire the assets of Ediston Property (EPIC), a UK-based retail park investor. Shares in EPIC, which earlier this month said it was in advanced talks with a bidder, jumped nearly 10%, or 6.25p, to 70.9p, after […] Posted by: Mya Driver Read more
