Momentum continues for UK hotel investment in 2023 Mar 8, 2023 Following the turbulence of 2022, which disrupted the hotel sector’s recovery from the pandemic, 2023 welcomes a more settled investment market, according to the latest research from leading global property adviser Knight Frank. There was a subdued level of investment in 2022 which saw £3 billion of UK hotel transactions, 31% below the five-year average […] Posted by: Mya Driver Read more
EDC and Stoford granted approval for prime 2m sq ft Avonmouth logistics scheme Mar 7, 2023 A hybrid planning consent has been granted for the development of c.2 million sq ft of new industrial, warehouse and logistics accommodation at a premier distribution location in the South West. Vancouver-based real estate development and investment firm, Epta Development Corporation (EDC) purchased the site in December 2020 and has appointed Stoford as development partner […] Posted by: Mya Driver Read more
£258m Development Facility Secured on Flagship Kensington Residential Development Mar 7, 2023 A four-year £258 million development loan has been secured to fund the delivery of a 462-home prime residential-led scheme in Kensington, West London. Maslow Capital, a leading provider of real estate finance, has completed on the facility to support the development at 100 West Cromwell Road, a 50:50 joint venture between leading UK developer SevenCapital […] Posted by: Mya Driver Read more
Acorn Property Group acquires prime central Exeter commercial site Mar 7, 2023 Acorn Property Group has completed the purchase of 31,504 sq ft office space in Exeter city centre through its commercial acquisitions arm, First Oak, as part of its continued expansion into commercial development and investment. Located at Dix’s Field, within the heart of the Central Business District, 1-3 Manor Court comprises a terrace of three […] Posted by: Mya Driver Read more
The Pioneer launches in Newcastle Mar 6, 2023 Proposals for The Pioneer, a 100,000 sq ft landmark office development within the emerging Stephenson Quarter next to Newcastle Central Station, have been launched. Designed by AHMM for Stephenson Works LLP, a joint venture between Newcastle City Council and PfP igloo, The Pioneer will be located on the site of George and Robert Stephenson’s first […] Posted by: Mya Driver Read more
REIT plc’s resilient portfolio providing secure, inflation-linked long-term income Mar 6, 2023 The Board of Directors of Alternative Income REIT plc (ticker: AIRE), the owner of a diversified portfolio of UK commercial property assets predominantly let on long leases with index-linked rent reviews, is pleased to announce its interim report and financial statements for the half year ended 31 December 2022. Simon Bennett, Non-Executive Chairman of Alternative […] Posted by: Mya Driver Read more
£150m long-term loan facility and £60m extension signed term sheet on wider refinancing Mar 6, 2023 The Board of LXi REIT plc (ticker: LXI), the specialist inflation-protected very long income REIT, is pleased to announce that it has completed the first stage of its ongoing refinancing with a new, £150 million 16-year, interest-only term loan signed with a leading insurance company (“New Facility”), a new lender to the Group, and an […] Posted by: Mya Driver Read more
LondonMetric sells £34m of long income assets Mar 6, 2023 LondonMetric Property Plc (“LondonMetric”) announces the sale of seven long income assets for £33.9 million (LondonMetric share: £29.6 million), reflecting a blended NIY of 4.5% and crystallising a blended ungeared IRR of 10% and a 28% profit on cost. The assets, which generate £1.4 million p.a. of rent, are fully let with a WAULT of […] Posted by: Mya Driver Read more
Cycle to UKREiiF returns for 2023 Mar 3, 2023 Following on from the success of its inaugural event in 2022, Club Peloton has announced that Cycle to UKREiiF will be back for 2023. The 100km cycle will depart from Harrogate on Tuesday 16th May and arrive later that day at the UK’s Real Estate Investment & Infrastructure Forum (UKREiiF), which is set to take […] Posted by: Mya Driver Read more
Our landmark cultural heart plans given green light Mar 3, 2023 Proposals for our £210m Cultural Heart development, which is set to transform the heart of Huddersfield town centre, were approved by the Local Planning Authority today. With approval now secured, construction of the first phase of the scheme is set to get underway in Spring 2024. Initial works will concentrate on the major refurbishments of […] Posted by: Mya Driver Read more
