£2 billion of UK hotel transactions in 2023 Jan 8, 2024 £2 billion of UK hotel transactions were recorded in 2023, according to global property adviser Knight Frank. Q4 was the strongest quarter of the year for investment into the sector with £615 million of deals, representing 31% of the total annual investment activity. Knight Frank anticipates that this encouraging increase in investor activity at the […] Posted by: Mya Driver Read more
LondonMetric completes £21 million logistics acquisition and £7 million office sale Jan 8, 2024 LondonMetric Property Plc (“LondonMetric”) announces that it has completed the acquisition of a long-let distribution warehouse in Doncaster for £21.2 million, reflecting a NIY of 6.3%. The 264,000 sq ft regional logistics warehouse is let to Next for a further 13 years at a rent of £1.42 million p.a., which equates to a low £5.37 […] Posted by: Mya Driver Read more
Platform Housing Group joins UKREiiF 2024 Jan 5, 2024 Platform Housing Group 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. Platform Housing Group stands as a prominent housing association spanning across the Midlands, overseeing nearly 50,000 homes within […] Posted by: Mya Driver Read more
Untold Living Unveils Plans for Eastbourne Seafront Retirement Community Jan 5, 2024 Untold Living, a developer-operator specialising in later living, has announced plans for a new integrated retirement community (IRC) in Eastbourne. The scheme, involving the construction of 139 homes, is set to be developed at Sovereign Harbour, a prime seafront location. The project, backed by Matter Real Estate, follows the recent acquisition of a 2.5-acre site […] Posted by: Mya Driver Read more
Select Property secures £44.5m development finance from Close Brothers Jan 5, 2024 Select Property, a leading developer, operator and investment specialist, has secured a £44.5 million development finance facility from Close Brothers to bring forward its first Affinity Living build-to-rent development in Birmingham. The leading UK merchant banking group has provided the facility to support Select Property as it ramps up development of its new 266-unit property, Affinity Living Lancaster Wharf. Due to […] Posted by: Mya Driver Read more
Malaysian Firm Acquires Former Shredded Wheat Site in Hertfordshire for Development Jan 5, 2024 IJM Land, a UK subsidiary of Malaysia’s IJM Land, has recently purchased the historic site previously occupied by cereal giant Shredded Wheat in Welwyn Garden City, Hertfordshire. The deal, overseen by appointed receiver CBRE, paves the way for a major mixed-use development on the 11-acre site. The site, known for its long-standing association with Shredded […] Posted by: Mya Driver Read more
Northern Ireland’s Commercial Property Investment Hits Peak Since 2015 Jan 5, 2024 Northern Ireland’s commercial property sector has witnessed a remarkable surge in investments, totalling £338 million last year. This figure represents the highest investment volume the sector has seen since 2015, as reported by CBRE NI. This upswing in investment underscores a growing confidence in Northern Ireland’s commercial property market. It reflects an optimistic outlook from […] Posted by: Mya Driver Read more
British Land Proposes Overhaul of Euston Tower into Science and Innovation Hub Jan 5, 2024 British Land has put forward a planning application aimed at transforming the 1970s Euston Tower, a prominent skyscraper in central London, into a modern centre for science and innovation. This initiative marks a new chapter in the building’s history, steering it towards becoming a hub for scientific advancement and creative enterprise. The proposal outlines a […] Posted by: Mya Driver Read more
Millfield Estates Acquires Eco-Friendly Office for £1.2m in Leicester Jan 5, 2024 In a significant property deal, Millfield Estates has expanded its portfolio by purchasing a cutting-edge eco-friendly office building located at 3 Rayns Way, Watermead Business Park, Leicester. The transaction is valued at £1.2 million. This acquisition increases Millfield Estates’ portfolio to a total of 14 properties. The office, covering 6,027 square feet, is notable for […] Posted by: Mya Driver Read more
Wakefield: A Hidden Gem in the Heart of Yorkshire Jan 5, 2024 By Clare Elliott, Service Director for Economic Growth and Skills, Wakefield Council As I sit down to pen this blog, I am filled with a sense of pride and excitement. As a born and bred resident of Wakefield and the Service Director for Economic Growth and Skills at Wakefield Council, I have witnessed first hand […] Posted by: Mya Driver Read more
