Avison Young Secures Investment Sale of 3 Industrial Estates in County Durham Jan 8, 2024 Avison Young, acting jointly with Jackson & Partners on behalf of Snowlarch Ltd has secured the sale of a high yielding portfolio of multi-let industrial estates in County Durham to Hadrian Industrial Estates Ltd, part of Hadrian Land, a UK based commercial property investor. The industrial estates in Shotton Colliery, Wheatley Hill and Wingate extend […] Posted by: Mya Driver Read more
BT Group Launches Innovative Electric Vehicle Charging Points in Old Street Cabinets Jan 8, 2024 BT Group has embarked on an innovative project to transform old green street cabinets into electric vehicle (EV) charging points. These metal cabinets, historically used for broadband and phone cabling, are nearing the end of their useful life. In a pioneering initiative, BT plans to repurpose them to help address the growing need for EV […] Posted by: Mya Driver Read more
Rugby Prepares for Major Expansion with 5,000 New Homes and Three Schools Jan 8, 2024 Rugby is set to undergo a significant transformation with the construction of 5,000 new homes, accompanied by the addition of new schools and enhanced health provisions. This development forms a part of Rugby Borough Council’s updated South West Rugby Masterplan, which aligns with national and regional planning strategies to facilitate this growth. The Masterplan, adopted […] Posted by: Mya Driver Read more
Opportunity: £200 Million West Midlands Housing Project Seeks Contractors Jan 8, 2024 Aspire Housing, a prominent housing association in the West Midlands, is actively seeking contractors to embark on a major £200 million housing project. The initiative, spanning over a decade, aims to enhance the region’s residential landscape, including Stoke-On-Trent, Newcastle-Under-Lyme, and Cheshire. This substantial project will be executed through a dynamic purchasing system agreement, managed by […] Posted by: Mya Driver Read more
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
