Clarion Partners Europe raises £427 million for its first UK-only logistics fund to capitalise on historical sector repricing Jan 11, 2024 Clarion Partners Europe, the real estate investment fund manager specialising in logistics and industrial assets, announces that it has held the final closing of its core-plus, closed-end UK logistics fund (“Fund”). Exceeding its capital-raising target, equity commitments totalling £427 million have been secured from a mix of European, North American, and Asian institutions, including investors […] Posted by: Mya Driver Read more
Aviva Investors completes £50 million private placement with Hightown Housing Association Jan 11, 2024 Aviva Investors, the global asset management business of Aviva plc, announces it has completed a private placement which sees it provide £50 million in funding to Hightown Housing Association (“Hightown”), which owns and manages more than 8,700 homes and care and supported housing projects across Hertfordshire, Buckinghamshire, and Berkshire. The investment will help Hightown continue […] Posted by: Mya Driver Read more
Edinburgh’s Ocean Terminal Set for Transformative £250m Redevelopment Jan 11, 2024 Edinburgh City Council has recently greenlit a substantial £250 million redevelopment project for the Ocean Terminal shopping centre in Leith’s waterfront area. This decision follows a detailed planning and consultation process that began in 2020, involving the local community in shaping the future of the area. The first phase of the redevelopment, which includes the […] Posted by: Mya Driver Read more
Major Planning Application Submitted for New £2 Billion Edinburgh Neighbourhood Jan 11, 2024 One the most significant and sustainable urban expansions of Edinburgh in a generation is a step closer to reality following the submission of a major planning application to the City of Edinburgh Council (CEC). West Town Edinburgh Limited, the development consortium headed by Drum Property Group which owns more than 200-acres of prime development land […] Posted by: Mya Driver Read more
LondonMetric to Acquire LXI REIT in Major All-Share Merger Jan 11, 2024 In a landmark deal for the UK real estate sector, LondonMetric Property PLC and LXI REIT PLC have agreed to a significant merger. The union, valued at approximately £1.9 billion, will be executed as an all-share transaction. This move is set to reshape the landscape of the UK’s real estate investment trusts (REITs). Under the […] Posted by: Mya Driver Read more
Women in Architecture announce UKREiiF 2024 Partnership Jan 10, 2024 Women in Architecture (WiA) has confirmed its involvement with The UK’s Real Estate Investment & Infrastructure Forum (UKREiiF). The UKREiiF event is in partnership with Pagabo, and is set to take place between 21-23 May 2024, in Leeds. Women in Architecture UK (WiA) stands as a passionate, volunteer-driven force dedicated to empowering women across architecture […] Posted by: Mya Driver Read more
UK Student Housing Boost: Puma Property Backs £72m Nottingham Development Jan 10, 2024 In a major boost to student accommodation in Nottingham, Puma Property Finance has committed to a £72 million loan for a new development project. This project, a joint venture between Olympian Homes and Housing Growth Partnership (HGP), aims to construct a 790-bed purpose-built student accommodation (PBSA) scheme in the city’s heart. Dubbed Forest Mill, the […] Posted by: Mya Driver Read more
UK Estate Agencies Belvoir and TPFG Announce Merger to Create £214 Million Entity Jan 10, 2024 Two leading estate agency brands, Belvoir and The Property Franchise Group (TPFG), have announced a merger agreement. This all-share union is set to establish a combined entity valued at £214 million. The merger will see Belvoir shareholders receiving 0.806377 of a new Property Franchise Group share for each share they currently own. This arrangement values […] Posted by: Mya Driver Read more
Former Leith bingo hall to be redeveloped Jan 10, 2024 Members of the public are being invited to offer feedback on plans to redevelop the bingo hall located on Leith’s Manderston Steet in Edinburgh. (current image and CGI of proposed development attached). Developer Longstone (2) Limited has unveiled plans to conserve and redevelop the existing building into new student homes. This is in response to […] Posted by: Mya Driver Read more
Tri7 Secures Portswood Centre in Southampton for £10m Jan 10, 2024 Tri7 has successfully purchased the Portswood Centre in Southampton. The deal, valued at £10 million, transfers ownership from the previous holder, Portswood Centre Ltd, to Tri7. The Portswood Centre, a prominent retail and food and beverage hub, spans an impressive 28,315 square feet. This bustling complex is fully tenanted, boasting key occupants like Iceland and […] Posted by: Mya Driver Read more
