Aviva Investors completes third industrial investment at Centennial Park, Elstree Dec 19, 2023 Aviva Investors, the global asset management business of Aviva plc, has announced it has acquired Phase 300, a more-than 111,000 sq ft multi-unit industrial asset located at Centennial Park in Elstree, Hertfordshire. It is the third investment Aviva Investors has made at the Park, building on its previous acquisitions of the adjacent Phase 100 and […] Posted by: Mya Driver Read more
BNP Paribas REIM Acquires Central London Office for £42.5 Million Dec 19, 2023 BNP Paribas Real Estate Investment Management (REIM) has finalised the purchase of 25 Victoria Street, a prominent office building in Central London, from Delancey Real Estate. The acquisition, valued at £42.5 million, represents a strategic expansion for BNP Paribas REIM’s portfolio, particularly for its European Impact Property Fund (EIPF). This property, encompassing a total area […] Posted by: Mya Driver Read more
AIRE Secures Streatham Virgin Active Club in £5.1 Million Deal Dec 19, 2023 Alternative Income REIT PLC (AIRE), known for its diversified UK commercial property assets, recently announced the acquisition of the Virgin Active leisure club in Streatham, South-West London. The purchase, amounting to £5.1 million, represents a net initial yield of 9.8% and offers a cost advantage compared to building anew. This strategic move utilises the bulk […] Posted by: Mya Driver Read more
Cabinet agrees to progress with Devolution public consultation Dec 19, 2023 Hull and East Riding Devolution (HEY Devolution) will be heard at an extraordinary Full Council meeting this week following Hull City Council’s Cabinet choosing to progress to a full public consultation on the proposed deal. The detailed report setting out the case for the devolution of powers and funding from the government and Hull and […] Posted by: Mya Driver Read more
Capital&Centric’s Manchester workspace restoration set for new year start as funding secured Dec 19, 2023 Capital&Centric’s restoration of a Grade II listed Manchester mill into creative workspaces will get underway in the new year. Their £7m plans for Neptune Mill in Piccadilly East – green lit by Manchester City Council earlier this year – have received funding support, with confirmation of a £3.8 million loan from the North West Evergreen […] Posted by: Mya Driver Read more
SEGRO signs up for UKREiiF 2024 Dec 18, 2023 SEGRO 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. SEGRO is a leading owner, manager and developer of modern warehouses and industrial properties across the UK and Europe. It […] Posted by: Mya Driver Read more
Confirmation that LondonMetric and LXi REIT in Discussions for All-Share Merger Dec 18, 2023 The boards of LondonMetric Property plc and LXi REIT plc have confirmed ongoing discussions about a potential all-share merger. This move, if realized, would involve LondonMetric acquiring the entire issued and to be issued ordinary share capital of LXi. The discussions are still at a preliminary stage, with several pre-conditions yet to be met. These […] Posted by: Mya Driver Read more
CPP Investments Commits an Additional £300m to Octopus Energy Group and Co-Leads Fundraising Round Dec 18, 2023 As a clean energy tech pioneer, Octopus is a significant leader in developing clean energy services and has an important role in the global energy transition. This investment will support Octopus’ continued global growth, primarily through the deployment of Octopus’ technology platform, Kraken, and the furthering of renewable energy, heat pump and electric vehicle offerings. […] Posted by: Mya Driver Read more
Manchester’s Ambitious Plan to Revitalise Holt Town with Six Leading Firms Dec 18, 2023 In a move to rejuvenate Holt Town, Manchester City Council has meticulously selected six prominent firms to formulate a comprehensive 10-year development blueprint. This strategic plan is set to transform the 74-acre area, located between the city centre and Etihad Stadium, into a vibrant and productive space. Shortlisted for this substantial project are renowned entities […] Posted by: Mya Driver Read more
£9.2 million approved for brownfield housing Dec 18, 2023 Funding to build 700 homes across York and North Yorkshire has been approved. Investment is a result of the region’s proposed devolution deal and will unlock housing development on brownfield land. It will help deliver affordable, accessible, and low carbon housing, creating sustainable and high-quality places. Nine schemes – which include 252 affordable homes – […] Posted by: Mya Driver Read more
