Padlock Partners UK Fund IV completes initial public offering and raises £26.4M Jul 13, 2023 Padlock Partners UK Fund IV (the “Trust”) announced today that it has completed its initial public offering of trust units (the “Offering”). Pursuant to the Offering, the Trust issued an aggregate of approximately £26.4 million of trust units, comprised of 2,541,920 Class A Units, 1,617,250 Class F Units and 209,400 Class U Units of the […] Posted by: Mya Driver Read more
Tilbury Douglas to lead construction of Garden Mills Refurbishment Project for Bradford College Jul 13, 2023 Tilbury Douglas, a leading UK building, infrastructure, engineering and fit-out business, is set to lead the construction of the Garden Mills Refurbishment Project for Bradford College, which will deliver a new higher education facility. The project to refurbish the five-storey 1900s building, will see it transformed into flexible higher education STEM training and educational facilities […] Posted by: Mya Driver Read more
Octopus Real Estate provides £36.8m loan for residential development Jul 13, 2023 Octopus Real Estate, part of Octopus Investments and a leading UK specialist real estate lender and investor, has provided a development loan of £36.8m to repurpose and extend a vacant office block into 174 private residential apartments. The loan provided to Sheen Lane Developments will finance the conversion of a vacant office block in Addlestone, […] Posted by: Mya Driver Read more
Vodafone decides to put its portfolio of data centres in London up for sale Jul 12, 2023 Vodafone Enterprise has put a portfolio of its data centre and office freeholds in central London up for sale. The Network Portfolio, consisting of six facilities covering a total area of 260,000 sq ft (24,155 sqm), is estimated to be valued at £100 million. These properties are currently leased to Vodafone Enterprise UK until April […] Posted by: Mya Driver Read more
SCREF secures planning permission for prime Bloomsbury 106,000 sq ft office repositioning Jul 12, 2023 The Schroders Capital UK Real Estate Fund (‘SCREF’) has secured planning permission to redevelop Minerva House, Fitzroy House, and Telephone Exchange, contiguous, part Grade II listed landmark office buildings on Chenies Street in Bloomsbury into a 106,736 sq ft high-quality workspace, a 37% increase on the current floor area, following the addition of two further […] Posted by: Mya Driver Read more
Trifast channels funds into a distribution center with £120m finance agreement Jul 12, 2023 Trifast, a company specializing in industrial fastenings, has secured a £120m finance deal that will facilitate the establishment of a national distribution center in the Midlands. This new financing arrangement, spearheaded by HSBC UK, is designed to foster organic growth and expansion through acquisitions, while also supporting Trifast’s aspirations for export growth. The funding, which […] Posted by: Mya Driver Read more
Specialist hotel owners and family offices lead UK hotel investment activity Jul 12, 2023 Hotel transaction volumes totalled approximately £860 million for the first six months of 2023, some 60% below investment volumes for H1-2022, demonstrating the gulf between hotel trading performance and transactional activity has never been wider, according to the latest research from leading property adviser Knight Frank. Whilst it remains challenging to successfully execute and complete […] Posted by: Mya Driver Read more
Carter Jonas Welcomes ‘Cambridge 2040’ Jul 12, 2023 Over the last weekend, Government plans to invest considerably in Cambridge as ‘Europe’s Silicon Valley’ made national news headlines. Delivering up to 250,000 additional homes over the next two decades, this is intended as part of a blueprint to fix England’s housing crisis and unleash growth in life sciences and technology. ‘Cambridge 2040’ also includes […] Posted by: Mya Driver Read more
Helical signs contract to partner with Transport for London on commercial office portfolio joint venture Jul 12, 2023 Further to the announcement on 15 February 2023 that Transport for London (TfL)’s wholly owned commercial property company had selected Helical as its preferred investment partner for its sustainable commercial office portfolio across central London, contracts have now been signed confirming Helical as the joint venture partner. The partnership will see the delivery of new […] Posted by: Mya Driver Read more
Port One Logistics Park Expands with Four New ‘Zero Carbon’ Units Following £20m Loan Jul 11, 2023 Port One Logistics Park, which is being developed by Curzon De Vere Limited, is approaching completion on four brand new, pre-let warehousing units, following a >£20m commercial property development loan with Secure Trust Bank (STB) Real Estate Finance. The units were constructed with eco credentials in mind, featuring significant EV charging ports and PV panels. […] Posted by: Mya Driver Read more
