Gen Two bolsters Cambridge life sciences portfolio with acquisition of third asset Jan 22, 2024 Gen Two Real Estate, the family-run life sciences developer and investor, has exchanged on a 10,800 sq ft high-quality life sciences building, ahead of completing on the deal later this year. This will mark the company’s second acquisition in Whittlesford, Cambridge, and its third within the South Cambridge bio-tech cluster, as the company continues to […] Posted by: Mya Driver Read more
Custodian Property Income REIT sells industrial unit at 9.5% premium to valuation Jan 22, 2024 Custodian Property Income REIT (LSE: CREI), which seeks to deliver a strong income return by investing in a diversified portfolio of smaller regional properties across the UK, is pleased to announce the disposal of an industrial unit in Milton Keynes for £8.0m, representing a 9.5% or £0.7m premium to the 30 September 2023 valuation. Commenting […] Posted by: Mya Driver Read more
Google’s new 33-acre data centre in Hertfordshire Jan 22, 2024 Google has unveiled plans to broaden its data centre presence in the UK by establishing a fresh campus in Hertfordshire, situated just outside London. In a recent announcement, the tech behemoth shared news of commencing construction on a new facility spanning 33 acres in Waltham Cross, located to the north of London. In October 2020, […] Posted by: Mya Driver Read more
Plus X Innovation confirm UKREiiF 2024 Partnership Jan 19, 2024 Plus X Innovation have confirmed their involvement with The UK’s Real Estate Investment & Infrastructure Forum (UKREiiF). The UKREiiF event is in partnership with Pagabo andis set to take place between 21-23 May 2024, in Leeds. Plus X Innovation creates collaborative workspaces, bringing together state-of-the-art equipment and facilities, game-changing innovation programmes, and vibrant communities helping […] Posted by: Mya Driver Read more
Exciting future for Newark Castle given the next green light Jan 19, 2024 Ambitious plans to create a new and improved visitor attraction at Newark Castle got another green light after plans were approved during Newark and Sherwood District Council’s Planning Committee last night (Thursday 18 January). Through a funding application via the National Lottery Heritage Fund along with a £3million allocation from Newark’s Towns Fund deal and […] Posted by: Mya Driver Read more
Clarion Partners Europe Acquires Prime 208,000 SF UK Golden Triangle Warehouse Jan 19, 2024 Clarion Partners Europe, the real estate investment fund manager specialising in logistics and industrial assets, has completed the acquisition of a modern warehouse in Coventry, from BlackRock’s UK Property Fund, for £28.25 million. It represents the first investment on behalf of Clarion Partners Europe’s core-plus, closed-end UK logistics fund (the “Fund”), which last month achieved […] Posted by: Mya Driver Read more
The ACCESS Pool is seeking a Social and Affordable Housing investment manager Jan 19, 2024 The ACCESS Pool, which consists of assets totalling c.£35bn on behalf of participating Pension Funds, is seeking a Social and Affordable Housing investment manager to manage a combined UK and Regional Mandate. It is anticipated that the total initial mandate size will be c. £125 million, with potential to grow thereafter, to be invested […] Posted by: Mya Driver Read more
abrdn and Custodian Property Income REIT form £1bn all-share merger Jan 19, 2024 Custodian Property Income REIT (CREI) and abrdn Property Income Trust (API) have successfully completed an all-share merger, establishing a combined entity boasting a diverse portfolio of approximately 200 assets, collectively valued at over £1 billion. The portfolio will consist of, office, retail distribution warehousing, industrial and other alternative assets such as student housing, data centres, […] Posted by: Mya Driver Read more
Stoford wins approval for £30m HQ redevelopment in Wolverhampton Jan 18, 2024 Planning consent has been granted for the new £30 million headquarters of Task Consumer Products in Wolverhampton, which could create up to 50 new jobs. Leading commercial property developer, Stoford, has been given approval to deliver c.210,000 sq ft of industrial/distribution accommodation on an 18-acre site at Citygate Park, Stafford Road in Wolverhampton. It […] Posted by: Mya Driver Read more
Northstone and Torus reveal plans to deliver sustainable community of 100% affordable homes in Wigan Jan 18, 2024 Wigan is set to get a much-needed affordable homes boost thanks to a new £22 million deal between homebuilder Northstone and the region’s largest affordable housing provider Torus. Plans for the 113-home development off Stothert Street in Atherton – to be known as ‘Popple’ – were approved by Wigan Council last month. Now, a landmark […] Posted by: Mya Driver Read more
