Plans submitted for £27m 105,000 sq ft urban logistics development on former Sony site near Horsham Oct 3, 2023 Developer Chancerygate has submitted plans to speculatively build 105,000 sq ft of Grade A urban logistics and industrial space in Southwater near Horsham, West Sussex. The proposed scheme will comprise seven freehold units ranging from 8,325 sq ft to 33,940 sq ft. The projected gross development value is approximately £27m. The 4.59 acre site, which […] Posted by: Mya Driver Read more
Infinium Logistics acquires three new sites for its EV fleet charging real estate fund Oct 3, 2023 Infinium Logistics, the European asset management and logistics solutions business, announces that it has acquired three new assets for its FleetHubs property investment platform – the world’s first dedicated EV fleet charging real estate fund. The assets include sites in Heathrow, Sheffield and Surrey, and have been acquired for a total consideration of £40m. They […] Posted by: Mya Driver Read more
GPE Signs New £250 million Term Loan Oct 3, 2023 Great Portland Estates plc (“GPE” or the “Group”) announces that it has signed a new £250 million unsecured Term Loan at a headline margin of 175 basis points over SONIA with three existing relationship banks. The loan has an initial three-year term which may be extended to a maximum of five years at GPE’s request, […] Posted by: Mya Driver Read more
Southampton Office Building in Millbank Street Awaits Demolition Approval Oct 3, 2023 A three-storey office building located at 16 Millbank Street, described as being in ‘disrepair’, is poised for demolition if plans are sanctioned. The property, situated in an industrial zone, has recently come under the ownership of Silmir Investments Ltd. The company has expressed intentions to dismantle the structure due to its deteriorating state. In a […] Posted by: Mya Driver Read more
Digbeth’s Smithfield Masterplan Begins with Approval of 687-home Development Oct 3, 2023 Birmingham City Council has greenlit plans by a local developer, Prosperity Group, to construct 687 homes in Digbeth. This approval comes two years post the original application submission, marking the commencement of the initial phase of the ambitious Smithfield masterplan. This new development, named “Pressworks”, is the pioneer within the Smithfield scheme to be approved. […] Posted by: Mya Driver Read more
Birchgrove Expands London Presence with Ninth Retirement Living Site Acquisition Oct 3, 2023 Birchgrove, a leading provider of rented retirement homes in the UK, has fortified its London base with the purchase of its ninth property – Ayrton House in Mill Hill, North London. This 60-apartment community has been developed on the historic grounds of the National Institute for Medical Research. This new acquisition will provide residents with […] Posted by: Mya Driver Read more
Brookfield Acquires Major UK Renewable Developer in £1bn Deal Oct 3, 2023 Canadian-based Brookfield has purchased Banks Renewables, one of the UK’s predominant renewable developers, in a move that fortifies the nation’s onshore wind sector amidst recent challenges. The deal, approximated at almost £1 billion, will see Brookfield take over the Durham-headquartered Banks Renewables, a subsidiary of the family-run Banks Group. Banks Renewables currently oversees operational onshore […] Posted by: Mya Driver Read more
1.3 Billion Reasons Why Premier Inn is a Boon for the UK Economy: An In-depth Conversation with James Anderson Oct 3, 2023 Premier Inn, a renowned budget brand, has been making waves in the UK hospitality sector. Beyond its reputation for quality accommodation, Premier Inn has significantly contributed to the UK’s economy. We sat down with James Anderson, Property Communications Manager at Whitbread, the parent company of Premier Inn, to delve deeper into this. UKREiiF: James, can […] Posted by: Mya Driver Read more
Eddisons latest name to join UKREiiF 2024 Oct 2, 2023 Eddisons have officially announced their 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. Market leading chartered surveying firm, Eddisons deliver expert advice and a comprehensive range of professional services to property owners […] Posted by: Mya Driver Read more
Vita Group agrees PBSA asset sale with Savills Investment Management Oct 2, 2023 Urban regeneration specialist Vita Group has agreed a major transaction with Savills Investment Management, on behalf of a key client, for the sale of three assets at circa £300M. The deal demonstrates clear confidence in the UK’s purpose-built student accommodation (PBSA) market. One of the largest UK PBSA asset deals in 2023, the deal includes […] Posted by: Mya Driver Read more
