Lothian Pension Fund concludes capital retail park deal Feb 14, 2023 Lothian Pension Fund has acquired Corstorphine Retail Park from Hunter Real Estate Investment Management for £16.265 million. The park has recently undergone extensive redevelopment with new lettings secured to Lidl and The Gym Group, with further lease re-gears to McDonalds, Pets at Home and Cancer Research giving an average lease length in excess of 18 […] Posted by: Mya Driver Read more
Nuneaton & Bedworth Borough Council and Queensberry launch £68m major town centre redevelopment Grayson Place Feb 14, 2023 2.3-hectare mixed-use development in Abbey Street is set to become the new F&B, culture and leisure destination for Nuneaton and Warwickshire Nuneaton & Bedworth Borough Council, with strategic development partners, Queensberry have launched the newly named mixed-use development, Grayson Place, in the heart of Nuneaton in Warwickshire. The 2.3-hectare town centre redevelopment in Abbey Street […] Posted by: Mya Driver Read more
PGIM Real Estate raises £327m for open-ended Europe core-plus vehicle Feb 14, 2023 PGIM Real Estate has raised over $400m (€372m) for its newly launched European core-plus strategy. The manager said the European Core Plus strategy’s capital was raised in less than six months after the launch of the open-ended vehicle. European Core Plus targets sectors such as last-mile logistics; residential including rental, senior and student housing; and new […] Posted by: Mya Driver Read more
Ridgeback Group and Angelo Gordon complete £300m forward fund deal for Telford Homes BtR developments Feb 14, 2023 Telford Homes and a joint venture between Ridgeback Group and Angelo Gordon (the JV) has announced the completion of a landmark £300m forward-funding deal to deliver a diversified portfolio of three high-quality Build to Rent developments across London. The deal marks a major milestone for Telford Homes as it continues to build its growing BtR […] Posted by: Mya Driver Read more
Platform Housing Group announce partnership with UKREiiF 2023 Feb 14, 2023 Platform Housing Group have confirmed their involvement in The UK’s Real Estate Investment & Infrastructure Forum (UKREiiF), which is set to take place between 16-18 May, in Leeds. Platform is one of the largest housing associations in the Midlands, with over 47,000 homes across the UK. Platform Housing Group has a strong social purpose and […] Posted by: Mya Driver Read more
McLaren Property plans 45-storey building in Leeds alongside two new office builds Feb 14, 2023 Developer McLaren Property has submitted plans for a major new BtR scheme in Leeds alongside two lower-rise office blocks which is set to transform the Leeds skyline. The BtR tower has been designed by Glenn Howells Architects – a hexagonal-shaped building, similar to their Octagonal building set for Birmingham. This residential build will deliver more […] Posted by: Mya Driver Read more
Lovell swoops for £4.2m former Yorkshire mill for residential scheme Feb 14, 2023 Acting on behalf of our Paramount Retail Group, Lambert Smith Hampton (LSH) has advised on the sale of Greenside Mill in Skelmanthorpe, a former textile mill and brownfield site located between Huddersfield and Wakefield. Lovell Partnerships has acquired the land and will deliver a development of 46 new homes on the 4.6-acre site. Work is […] Posted by: Mya Driver Read more
Palace Capital dispose of industrial asset in £3.2m deal Feb 14, 2023 Palace Capital announces that it has sold, in an off-market transaction, its industrial property in Plymouth for £3.2m, marginally ahead of the 30 September 2022 book value and only 2.6% below the 31 March 2022 book value. The proceeds of sale have been used to reduce the Company’s gross and net debt which now stands […] Posted by: Mya Driver Read more
Belfry Shopping Centre sold to private investor Feb 14, 2023 Joint agents Knight Frank and Lambert Smith Hampton (Belfast) have negotiated the sale of Belfry Shopping Centre, Redhill for an undisclosed sum to a private investor represented by Running Hare. Located in Redhill, Surrey, the Belfry Shopping Centre was put on the market in 2022 by an NI based private investor and the sale was […] Posted by: Mya Driver Read more
M7 capital provides £7.4m loan to support acquisition of a shopping centre in Kent Feb 14, 2023 M7 Capital, a full-service real estate debt specialist, announces that it has provided, on behalf of its UK debt fund TREC II, a £7.4 million loan to David Samuel Properties. The loan is secured against Bouverie Place shopping centre located in the coastal town of Folkestone in Kent comprising multiple units that extend to a […] Posted by: Mya Driver Read more
