Colombian Real Estate Tycoon Jaime Gilinski Bacal Assumes Control of Metro Bank Oct 10, 2023 Colombian billionaire Jaime Gilinski Bacal, recognised for his extensive ventures in both the banking and real estate realms, has taken the reins at Metro Bank amidst its financial adversity. Through a substantial investment of £325 million, segmented into £150 million of equity and £175 million of debt, Gilinski Bacal’s firm, Spaldy Investments, has elevated its […] Posted by: Mya Driver Read more
Warehouse REIT Capitalises on Asset Sales, Surpasses Book Value by 30% Oct 10, 2023 Warehouse REIT has successfully executed the sale of two of its assets, amassing a total of £9.5 million, a figure that impressively sits 30% above the book value as of 31 March 2023. This notable accomplishment reflects an average net initial yield of 6% on the passing rents, highlighting a favourable market response. This recent […] Posted by: Mya Driver Read more
Stellar Portfolio Performance Enables ABC Group to Elevate Dividend Oct 10, 2023 In a demonstration of solid asset management, ABC Group has reported a significant enhancement in its portfolio performance, attributed to several strategic initiatives. The company’s proactive stance on divesting non-core assets, judicious capital expenditure to upgrade and enhance real estate holdings, and active engagement with tenants have been cited as the driving forces behind this […] Posted by: Mya Driver Read more
Stena Line Initiates Redevelopment of Former Anglesey Aluminium Site Oct 10, 2023 Swedish maritime giant Stena Line has embarked on the initial phase of transforming the defunct Anglesey Aluminium facility into a thriving business precinct, now dubbed Prosperity Parc. The company has formally submitted a demolition notice to dismantle the existing derelict structures on the site, marking the inception of its redevelopment plans. The erstwhile Anglesey Aluminium […] Posted by: Mya Driver Read more
Travis Perkins Group to Fuel £200m Project 1000 with Proceeds from Recent Estate Sale Oct 10, 2023 In a strategic manoeuvre to bolster its core estate of arches and former railway properties, Travis Perkins plc has successfully brokered a deal involving the sale of its Selsdon site. The proceeds from this sale are earmarked for the ambitious Project 1000, a £200 million initiative aimed at revitalising a thousand vacant and derelict spaces […] Posted by: Mya Driver Read more
Barnwood Limited lands Nebula contract at Milton Park Oct 10, 2023 MEPC has appointed construction firm Barnwood Limited to build its £40 million, 80,000 sq ft Nebula scheme at Milton Park, a leading science, business and technology park in Oxfordshire. Nebula will consist of seven new research and development units to be built on the eastern edge of the Park. The seven units housed in three […] Posted by: Mya Driver Read more
ALMCOR and Cerberus acquire a further £50 million of UK assets for European Industrial Outdoor Storage (EIOS) platform Oct 9, 2023 ALMCOR and joint venture partner Cerberus Capital Management have announced a substantial investment in two UK sites for its European Industrial Outdoor Storage (EIOS) platform. The JV was launched in 2022 with €500m of allocated capital to deploy in target markets across the UK and mainland Europe. The platform aims to aggregate income producing assets […] Posted by: Mya Driver Read more
AEW UK REIT Successfully Finalises High-Street Retail Sale in Portsmouth Oct 9, 2023 A significant move was made by AEW UK REIT PLC as they announced the completion of the sale of their prominent high-street retail holding located in Portsmouth, England. The property, situated at 208-220 Commercial Road and 7-13 Crasswell Street, was sold for a notable GBP3.9 million. This sale price showcases a net initial yield of […] Posted by: Mya Driver Read more
Harworth sells Waverley land parcel to Forge New Homes for development of 32 houses Oct 9, 2023 Harworth Group plc, a leading regenerator of land and property for sustainable development and investment, has sold a serviced land parcel at its Waverley site in Rotherham, South Yorkshire, to Forge New Homes for the development of 32 houses. This is Harworth’s first sale to the regional housebuilder, which was established as a joint venture […] Posted by: Mya Driver Read more
Avant Homes granted planning for £61m, 102 home development in Nottinghamshire Oct 9, 2023 Avant Homes East Midlands is set to deliver 102 new homes in Radcliffe-on-Trent, Nottinghamshire, after being granted planning permission for a £61m development. Called Hackett Grange and located off Nottingham Road, the 13-acre development will include a mix of two-, three-, four- and five-bedroom homes. It will feature 14 of Avant Homes’ house types, with […] Posted by: Mya Driver Read more
