Birmingham’s Student Housing Market Booms with £15M Investment Jan 8, 2024 A joint venture has secured a substantial investment in Birmingham’s student housing market, showcasing a growing interest in this sector. The partnership, involving Patron Capital and Curation Capital, has invested £15 million in a 136-bed student accommodation located on Hagley Road. This move is part of a larger strategy to develop a portfolio valued at […] Posted by: Mya Driver Read more
Exchange of contracts on the sale to Travelodge of 66 hotels for £210 million Jan 8, 2024 LXi REIT plc, the specialist inflation-protected very long income REIT, is pleased to announce that it has exchanged contracts unconditionally on the sale of 66 Travelodge branded hotels to the Travelodge group for £210 million, which is in line with the latest (30 September 2023) book value. As announced on 22 November 2023, the majority […] Posted by: Mya Driver Read more
£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
