‘Significant transaction’: Costco searches for suitable Locations for 14 new UK stores Aug 17, 2023 Costco, the bulk buy retailer, is ramping up its expansion drive in the UK with plans to open 14 new warehouses over the next two years. The company is actively looking at several locations, including Brighton, Cambridge, Chelmsford, south Glasgow, southeast London, and Oxford, with the intention to open as soon as possible. However, the […] Posted by: Mya Driver Read more
Redrow Agrees to Sell 249 Homes from Colindale Gardens to Barnet Council in a Major Affordable Housing Move Aug 17, 2023 In a significant move towards affordable housing, listed housebuilder Redrow has agreed to sell 249 new-build homes from its flagship London development, Colindale Gardens, to Barnet Council. The contracts have been exchanged, and the majority of these homes, ranging from studios to three-bedroom units, will be made available for affordable rent. The properties are part […] Posted by: Mya Driver Read more
CapitaLand Acquires Digital Realty Data Centre in London for £125.1 Million Aug 17, 2023 Singaporean investment firm CapitaLand has completed the acquisition of a Digital Realty data centre located in Watford, just north of London, UK. The purchase, made through CapitaLand Ascendas REIT Management Limited, was finalized for £125.1 million ($159 million). The acquired property is believed to be the Chess Building, a 31MW data centre encompassing 25,000 square […] Posted by: Mya Driver Read more
DTZ Investors Makes Significant Acquisition in London Aug 17, 2023 DTZ Investors, a prominent investment firm, has completed the purchase of a key supermarket site in London’s Islington borough for a sum of £56.25 million. The property, currently leased to the well-known supermarket chain Sainsbury’s, spans 2.5 acres and includes a 67,426 square foot building with a 131-space car park. The supermarket has been a […] Posted by: Mya Driver Read more
UK REIT to be picked off by major NY REIT Aug 17, 2023 Realty Income, a $30billion New York-listed real estate investment trust (REIT), is reportedly closing in on a deal to acquire the assets of Ediston Property (EPIC), a UK-based retail park investor. Shares in EPIC, which earlier this month said it was in advanced talks with a bidder, jumped nearly 10%, or 6.25p, to 70.9p, after […] Posted by: Mya Driver Read more
The Padel Club’s plans for a brand-new club in TraffordCity Aug 17, 2023 The Padel Club, launched in Wilmslow, have secured an impressive site at TraffordCity, the North’s leading destination for sports and leisure. The Padel Club has seen significant demand for Padel in the UK market, reflected in the high occupancy rates at the Club, as the player participation in the sport has significantly increased during the […] Posted by: Mya Driver Read more
Lucion Group confirm UKREiiF 2024 partnership Aug 16, 2023 Lucion Group has officially confirmed its participation in The UK’s Real Estate Investment & Infrastructure Forum (UKREiiF), scheduled to occur from May 21 to 23, 2024, in Leeds. Established in 2002, Lucion Group is a mission-oriented company committed to illuminating challenges and taking action to protect people and the environment. Across their group of companies, […] Posted by: Mya Driver Read more
Panattoni Secures Approval for 200,000 sq ft Logistics Project in Crawley Aug 16, 2023 Panattoni has received the green light for its speculative logistics venture covering 200,000 square feet in Crawley. Named Panattoni Park Crawley, this endeavor will encompass two facilities, measuring 134,012 sq ft and 65,660 sq ft, respectively. The development will be situated on a ten-acre brownfield site on Fleming Way, strategically positioned within the established industrial […] Posted by: Mya Driver Read more
Hundreds of new homes for Oxford as redevelopment plans agreed Aug 16, 2023 Plans to build hundreds of affordable homes, retail spaces and community facilities in the heart of Oxford’s Blackbird Leys were given the green light by the council’s planning committee last night (Tuesday 15 August). The plans by housing association Peabody (formerly Catalyst) and development partner Oxford City Council include 294 homes across two sites. A […] Posted by: Mya Driver Read more
Lothbury Plans £146 Million Sale of London Industrial Estate to Valor Aug 16, 2023 Valor Real Estate Partners has entered into an agreement to purchase a £146 million industrial estate from Lothbury Investment Management, a UK-based real estate manager. The estate, known as Tera 40, is situated on Auriol Drive in Greenford within the London Borough of Ealing. Comprising four fully-leased distribution facilities spanning 340,650 square feet, the estate […] Posted by: Mya Driver Read more
