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
Overhaul for 119 RAAC-Affected Schools Across England with New Funding Grants Announced Feb 9, 2024 The Government has announced a comprehensive plan to address the presence of Reinforced Autoclaved Aerated Concrete (RAAC) in the nation’s school buildings, identifying 234 schools for retrofitting or rebuilding efforts due to the discovery of dangerous concrete panels and beams. Approximately 119 schools will undergo major reconstruction or refurbishment, primarily funded through the School Rebuilding […] Posted by: Mya Driver Read more
Blend Announces Over £50m Funding Boost to Expand Developer Support Feb 9, 2024 Blend, a specialist in development finance lending, has announced the acquisition of a new funding line exceeding £50m from an unnamed institutional investor. This financial injection is set to broaden the range of bridging products available to its property developer clientele, aiming to bolster support throughout varying market conditions. Yann Murciano, Chief Executive of Blend, […] Posted by: Mya Driver Read more
Aareal Bank Backs Starwood Capital with Financing for Premier London Hotel Portfolio Feb 9, 2024 Aareal Bank has provided financing for the acquisition of a premier collection of ten hotels in London by a controlled affiliate of Starwood Capital Group. The portfolio, featuring 2,053 rooms across the capital and operating under the Radisson Blu brand, marks a notable expansion for Starwood Capital in the European hospitality sector. The transaction, which […] Posted by: Mya Driver Read more
Bruntwood SciTech Bolsters Expansion and Sustainability with £480m Financing Deal Feb 9, 2024 Bruntwood SciTech, a joint venture between Bruntwood, Legal & General, and the Greater Manchester Pension Fund, has announced a substantial £480m finance package to fuel its expansion and sustainability goals. The new funding arrangement includes a £430m investment facility, comprising a £350m term loan and an £80m revolving credit facility, alongside a £50m development facility. […] Posted by: Mya Driver Read more
North Warwickshire Borough Council has given the go-ahead for £300m expansion of the MIRA site Feb 8, 2024 A planning application for a manufacturing and research park on the MIRA site to the south of the A5 was supported at the Council’s Planning and Development Board meeting on 5th February 2024. The park will provide around 2,500 advanced manufacturing and high quality jobs in the automotive research and manufacturing industries. The development was […] Posted by: Mya Driver Read more
Clarion Partners Europe Secures Coventry Warehouse for £28.5 Million Feb 8, 2024 Clarion Partners Europe, renowned for its focus on logistics and industrial assets, has successfully completed the purchase of a 208,000 square foot warehouse in Coventry, amounting to £28.5 million. This acquisition from BlackRock’s UK Property Fund marks a significant addition to Clarion’s portfolio, spotlighting the firm’s strategic investment in the UK logistics sector. Occupied by […] Posted by: Mya Driver Read more
IHG Expands UK Hotel Portfolio with New Signings Feb 8, 2024 IHG Hotels & Resorts is set to enhance its footprint with the addition of nine new hotels, introducing over 1,000 guest rooms to its diverse collection. This expansion spans five distinct brands within the hospitality giant’s portfolio, including Hotel Indigo, voco hotels, Holiday Inn, Holiday Inn Express, and Staybridge Suites, underscoring IHG’s commitment to growth […] Posted by: Mya Driver Read more
