Tritax Big Box Set to Acquire UKCM in a £924 Million Deal, Creating a £3.9 Billion Real Estate Powerhouse Feb 13, 2024 Tritax Big Box, a leading warehouse operator with major clients such as Ocado, Amazon, and B&Q, has announced its agreement to purchase UK Commercial Property REIT (UKCM) for £924 million. This strategic acquisition is poised to form a colossal real estate entity valued at £3.9 billion, boasting a combined property portfolio of £6.3 billion predominantly […] Posted by: Mya Driver Read more
Blackstone to Form Major UK Industrial Property Powerhouse by Merging Warehouse Landlords Feb 13, 2024 Blackstone Inc. is set to consolidate its warehouse property interests in the UK, merging St Modwen and Industrials REIT with other assets from 25 acquisitions to launch Indurent, a new entity poised to become a leading force in the UK’s industrial real estate market. This strategic move aims to streamline operations and enhance the company’s […] Posted by: Mya Driver Read more
Brighton Hospital Embarks on Major Overhaul with Data Centre Demolition Feb 13, 2024 Brighton’s Royal Sussex County Hospital has announced the demolition of its data centre, marking a key phase in a comprehensive £750 million modernisation effort. This initiative, aimed at revitalising the hospital’s infrastructure, will involve the dismantling of several structures, including the historic Barry Building, the Nigel Porter Unit, and the ENT and Hanbury Buildings. The […] Posted by: Mya Driver Read more
Telford & Wrekin Council Proposes £420 Million Investment Strategy to Fuel Growth and Community Benefits Feb 13, 2024 Telford & Wrekin Council is deliberating on a substantial investment programme totalling £420 million over the coming four years, targeting sustainable capital growth and community enrichment. This financial strategy, poised for discussion at the council’s cabinet meeting this Thursday, earmarks significant funds across a variety of sectors, aiming to enhance the borough’s infrastructure, housing, and […] Posted by: Mya Driver Read more
Radical Redevelopment Set to Revitalise Hyde Town Centre Feb 12, 2024 Hyde’s Clarendon Square Shopping Centre is at the heart of an ambitious masterplan aiming for a complete overhaul, which could see the centre demolished and rebuilt alongside a relocation of its markets. This extensive redevelopment proposal for the Tameside town, set to be discussed by the council’s executive cabinet, envisions a transformative approach to revitalise […] Posted by: Mya Driver Read more
Brackley Property Developments gains approval for light industrial scheme in Leicester Feb 12, 2024 Planners have granted consent for a new scheme in Leicester that will deliver c.30,400 sq ft of light industrial accommodation. Commercial developer, Brackley Property Developments (BPD), will redevelop a brownfield site off Blackbird Road near Leicester city centre, on behalf of Leicester City Council. The redevelopment of the Ian Marlow Centre, a former council depot, […] Posted by: Mya Driver Read more
Chancerygate acquires Newmarket Site to deliver £11.5m Logistics Development Feb 12, 2024 Developer Chancerygate has purchased a 2.48 acre site in Newmarket to speculatively build 51,000 sq ft of Grade A urban logistics space. The site is located on Exning Road two miles south of the A14, with access to the east coast ports and the national motorway network. Chancerygate intend to develop 10 units ranging from […] Posted by: Mya Driver Read more
Investec provides £13.7 million load for first net zero carbon out-of-town office in Bristol Feb 12, 2024 Investec Real Estate (“Investec”) announces that it has provided Commercial Estates Group (“CEG”) with a £13.7 million investment loan, secured against its recently completed 1000 Aztec West office building in Bristol. The facility refinances an existing development loan and is the first transaction between the two parties. Completed in December 2023, the 73,000 sq ft […] Posted by: Mya Driver Read more
Warehouse REIT Sells Two Industrial Assets for £13.4 Million, Exceeding Expectations Feb 12, 2024 Warehouse REIT, known for its investment in multi-let industrial warehouses, has successfully completed the sale of two properties, achieving a total of £13.4 million. This sum surpasses the assets’ book value as of September 2023 by 3.7%, with the sales reflecting an average net initial yield of 5.3%. The properties sold include the Warrington South […] Posted by: Mya Driver Read more
Pioneer Group’s Regeneration Plans for Cambridge’s Grafton Centre Approved Feb 9, 2024 Pioneer Group has secured planning permission from Cambridge City Council, subject to S106, for the redevelopment of the Grafton Centre in the city. The Planning Committee at Cambridge City Council has voted in favour of the multi-million-pound regeneration of the shopping centre, which will be converted into laboratory and office space for life science […] Posted by: Mya Driver Read more
