Andras House acquire Belfast’s ETAP hotel investment Mar 1, 2024 A prominent investment property on Belfast’s Dublin Road, comprising the 146 bed ETAP Hotel, has been sold by CBRE Northern Ireland together with CBRE Hotels Dublin to Belfast’s largest hotel group, Andras House for £7.35 million. The group’s existing portfolio includes Crowne Plaza Belfast; Hampton by Hilton; Ibis Coleraine Riverside; Holiday Inn Belfast City Centre; […] Posted by: Mya Driver Read more
Interbay Secures £8.2 Million Re-mortgage Deal for Brentwood Property Mar 1, 2024 In a recent financial move, Interbay has successfully finalised an £8.2 million re-mortgage for a mixed-use property located in Brentwood, Essex. The property, comprising 19 units with seven commercial spaces on the ground floor and 12 residential flats above, represents a strategic blend of business and living spaces within the community. The transaction was facilitated […] Posted by: Mya Driver Read more
£16 Million Refurbishment Loan Boosts London Student Housing Project Mar 1, 2024 Fiduciam has recently finalised a £16 million financing deal aimed at transforming a London property into desirable student accommodation. This funding arrangement combines acquisition and refurbishment financing, enabling significant upgrades before the property is occupied by university students. A seasoned real estate investment group, known for revitalising underperforming assets, is at the helm of this […] Posted by: Mya Driver Read more
Thorpe St Andrew to Welcome 550 New Homes Amid Revised Development Plans Mar 1, 2024 In an update to Thorpe St Andrew’s housing landscape, revised plans now earmark the development of 550 homes across the Pinebanks, Langley North, Langley South, and Griffin Lane sites. This development comes after a thorough review process, aimed at integrating community feedback and environmental considerations into the project’s blueprint. Originally proposed for a higher number […] Posted by: Mya Driver Read more
UKCM agrees £14.5 million sale of Bristol office building to Tri7 Mar 1, 2024 UK Commercial Property REIT Limited (“UKCM” or the “Company”) (FTSE 250, LSE: UKCM) announces that it has sold its 67,000 sq ft office building in Temple Quay, Bristol, to Tri7, a value-add real estate investment and asset management firm. 2 Rivergate in Temple Quay, Bristol, has been sold for £14.5 million, which is in line with the […] Posted by: Mya Driver Read more
£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
