UKREiiF speaks to Industry Leaders #7: Party Conferences Further Demonstrate Need for Socially-Oriented Investment Oct 17, 2023 Welcome to the UKREiiF opinion series! We’ve gained exclusive access to the opinions of leaders from across our industry. Stay tuned to find out thoughts on the important issues that affect the UK Built Environment. By Pete Gladwell, Pete Gladwell, Group Social Impact & Investment Director at Legal & General The recent party conferences highlighted […] Posted by: Mya Driver Read more
Luton Airport to Undergo Major Expansion with Passenger Capacity Set to Rise Oct 16, 2023 Luton Airport, one of London’s key travel hubs, has received approval for a significant expansion, boosting its annual passenger capacity from 18 million to 19 million. This comes alongside the green light for the dual-laning of Airport Way, aiming to streamline the incoming and outgoing traffic. This decision followed a thorough local inquiry, initiated after […] Posted by: Mya Driver Read more
Orbit Housing Association Announces £48m Green Retrofit Initiative Oct 16, 2023 Orbit, a major housing association managing 47,000 homes, has announced its search for a contractor to carry out a substantial £48m retrofit initiative aimed at decarbonising a significant portion of its housing stock. This move comes as part of the association’s commitment to meeting the standards set by PAS 2035, a comprehensive specification tailored for […] Posted by: Mya Driver Read more
Cohort Capital Finalizes £73m Refinancing for Iconic Covent Garden Hotel Oct 16, 2023 Cohort Capital has successfully concluded a £73 million refinancing agreement with a Qatari-based group for the esteemed NoMad Hotel located in London’s historic Covent Garden. This iconic 91-bedroom boutique hotel, set within an 18th-century Grade II listed building, previously functioned as the Bow Street Magistrates Court and Police Station. After comprehensive refurbishments between 2018 and […] Posted by: Mya Driver Read more
Knowsley’s Capitol Trading Park acquired for £9.45 by £150m ULIF Oct 16, 2023 Capitol Trading Park, which is located within Knowsley Industrial Park and comprises 22 units totalling 140,000 sq ft, has been acquired for £9.45m by a £150m multi-let urban logistics investment fund. Managed by property investment company JR Capital and asset manager Chancerygate, the fund acquired the industrial park from business space provider Flexspace. Capitol Trading […] Posted by: Mya Driver Read more
Legal & General, Bruntwood & GMP Fund invest half a billion into UK’s science, tech & innovation economy Oct 16, 2023 Bruntwood SciTech, the UK’s leading specialist property provider, founded by Legal & General and Bruntwood in 2018 to support the growth of the life science and tech sectors, has secured £500 million of additional investment and welcomed the UK’s largest local authority pension fund, Greater Manchester Pension Fund (GMPF), to the partnership. GMPF is the […] Posted by: Mya Driver Read more
Elstar Acquires Pride Leisure Complex in Derby for £8.4M, Marking the Final Divestiture in Clearbell’s Amber Portfolio Oct 13, 2023 Manchester-based property firm, Elstar, has procured the substantial sports complex, Pride Leisure in Derby, for a sum of £8.4 million from Clearbell Property Partners II LP (Clearbell), a fund orchestrated by Clearbell Capital LLP. This off-market transaction signifies the last asset sale from the mixed-use Amber portfolio, culminating in an impressive total realisation of £174 […] Posted by: Mya Driver Read more
Rasmala Investment Bank Bolsters UK Housing Footprint with Strategic Acquisitions in London Oct 13, 2023 Rasmala Investment Bank Limited (Rasmala), a prominent alternative investment manager, has marked a substantial expansion in its UK real estate portfolio with the successful acquisition of three residential blocks in London during 2023. These acquisitions underscore the bank’s strategic focus on fortifying its UK Multifamily Fund’s portfolio, primarily targeting the burgeoning serviced apartment and Built-to-Rent […] Posted by: Mya Driver Read more
Medway Council Awarded Nearly £4M Government Grant for Key Housing Projects Oct 13, 2023 Medway Council has been allocated close to £4 million by the government to spearhead numerous residential developments across the locality, transforming brownfield lands into desirable residential sites. A substantial allocation of over £1 million will be channelled towards the redevelopment of Strood Waterfront, encompassing the transformation of the distinguished Strood Civic Site into 171 new […] Posted by: Mya Driver Read more
Durham Innovation District Unveils Joint Venture at UKREiiF Event Oct 13, 2023 Durham County Council, Durham University, and Avison Young introduced their collaborative venture for the Durham Innovation District at a UKREiiF event recently. This ambitious initiative, located at the Aykley Heads site, aims to be a beacon of innovation, potentially generating thousands of jobs and positioning the region with “world-leading capabilities.” The Aykley Heads site, already […] Posted by: Mya Driver Read more
