abrdn Acquires Apartments at Springfield Place in Tooting Jul 17, 2024 abrdn has announced the acquisition of 50 new-build apartments at Springfield Place in Tooting, southwest London, on behalf of the South Yorkshire Pensions Authority. The acquisition, facilitated by Newmark Company Gerald Eve, marks a strategic investment into the Private Rented Sector (PRS), aiming to deliver high-quality, energy-efficient rental homes. The apartments, developed by Barratt London, […] Posted by: Mya Driver Read more
ASK Partners Funds Redevelopment of City Road Site in London Jul 17, 2024 ASK Partners (ASK) has provided a loan to support the redevelopment of a mixed-use site on City Road, London. The project is a joint venture between property development company HUB Residential (HUB) and global investment firm H.I.G. Capital (H.I.G.). The funding will facilitate the acquisition of a freehold site comprising three interconnected office buildings near […] Posted by: Mya Driver Read more
Chancerygate sells 275,000 sq ft Aston Clinton and Oldham urban logistics developments to private investor Jul 17, 2024 Chancerygate has sold two urban logistics in developments totalling 275,000 sq ft of Grade A accommodation to a private investor for an undisclosed sum. The developer has sold Vantage 41, which is located in Aston Clinton, near Aylesbury, and Broadway Central in Chadderton, near Oldham. Vantage 41 is a 165,000 sq ft development is located […] Posted by: Mya Driver Read more
Approved: £55m for Central Docks Housing Project Jul 17, 2024 Liverpool City Council has approved a £55m investment from the new Labour government, marking a significant advancement for the Central Docks housing scheme. This funding, part of the Brownfield Infrastructure Land (BIL) grant, aims to rejuvenate the stalled Central Docks project within Liverpool Waters. The initiative, announced by Chancellor Rachel Reeves, positions Liverpool at the […] Posted by: Mya Driver Read more
Leeds Extra-Care Housing Secures £100m Boost from US Investor Jul 17, 2024 Preferred Homes, a for-profit registered provider, is set to expand its extra-care affordable housing projects after securing over £100m in joint venture funding from Chicago-based investment manager Nuveen, a subsidiary of the Teachers Insurance and Annuity Association (TIAA). The funding will support the development of eight schemes, focusing on 100% affordable rent extra-care housing for […] Posted by: Mya Driver Read more
UKREiiF Brings £20.9m Economic Boost to Leeds and West Yorkshire Jul 17, 2024 An independent report by ARUP has highlighted that The UK’s Real Estate Investment and Infrastructure Forum (UKREiiF), a major event taking place annually in Leeds, has generated almost £21m of local economic activity in the city and the wider West Yorkshire region in 2024. The event, which brought together over 13,000 official attendees in 2024, […] Posted by: Mya Driver Read more
Coventry-based Logistics Firm Acquired by Danish Group Jul 16, 2024 Logik Logistics, a Coventry-based logistics firm, has been acquired by the Danish logistics group Danx Carousel. The deal provides an exit for Debrett’s and Frontier Development Capital (FDC), which supported Logik Logistics’ management buyout (MBO) in 2022. Logik Logistics specialises in time-critical, on-demand, round-the-clock, and scheduled logistics solutions for various industries, including automotive, retail, pharmaceutical, […] Posted by: Mya Driver Read more
Major Development in Glasgow High Street Changes Hands Jul 16, 2024 Revised plans are being drawn up for Glasgow’s expansive High Street goods yard site following its sale to a new developer. The 7.5-acre derelict site, located between Collegelands and Bell Street, has been acquired by Galliard Apsley Partnership, a joint venture between Galliard Homes and Apsley House Capital, which focuses on large-scale brownfield regeneration. Previously, […] Posted by: Mya Driver Read more
HTB Finalises £25 Million Funding for Leeds Development Jul 16, 2024 Hampshire Trust Bank (HTB) has secured a £25 million deal with GMV Twelve to fund the construction of Kirkstall Forge, a new neighbourhood in Leeds. The project will comprise over 1,400 homes, along with offices, hospitality, and leisure venues. Situated in western Leeds, the funding will refinance and restructure Capital Estate Group’s secured debt facilities […] Posted by: Mya Driver Read more
Greater Manchester Pension Fund joins Henley Investment Management’s Secure Income Property Unit Trust Jul 16, 2024 Henley Investment Management (“Henley”), the international real estate investment and fund management firm, announces that Greater Manchester Pension Fund has committed to their Secure Income Property Unit Trust II (SIPUT II), a fund focused on UK social housing, generating secure income returns through real estate while also creating significant social value. The Greater Manchester Pension […] Posted by: Mya Driver Read more
