GPE completes sale of 50 Finsbury Square, EC2 Feb 9, 2023 Great Portland Estates plc (GPE) is pleased to announce the completion of the sale of 50 Finsbury Square, EC2 which, following verification, will be its first net zero carbon development. Construction of the 129,200 sq ft building completed in January, with the leases to Inmarsat Global Limited, and various smaller retailers, commencing shortly thereafter. With […] Posted by: Mya Driver Read more
Kier partners with UKREiiF 2023 Feb 8, 2023 The UK’s Real Estate Investment & Infrastructure Forum (UKREiiF) has announced Kier’s involvement at the event, which is set to take place between 16-18 May, in Leeds. Kier Group is a leading UK infrastructure services, construction and property group, committed to delivering for communities and leaving lasting legacies through its work. UKREiiF delegates will see Kier take […] Posted by: Mya Driver Read more
Seddon Waypoint launched as a joint venture partnership between Seddon & Waypoint Feb 8, 2023 Seddon and Waypoint have joined forces to create a joint venture partnership, Seddon Waypoint. The new business will combine construction and delivery expertise with institutional-grade asset management and advice within the residential property sector in the UK and will focus on energy transition. Peter Jackson, managing director of Seddon, said: “The joint venture partnership brings […] Posted by: Mya Driver Read more
HIH Invest Acquires Logistics Development in Dutch Town of Zwolle Feb 8, 2023 HIH Invest Real Estate (“HIH Invest”) has acquired a logistics property development in the Dutch town of Zwolle. The acquisition took the form of an asset deal on behalf of “HIH Deutschland+ Core Logistik Invest,” an open-ended special AIF. The seller is Bouwbedrijf Aan de Stegge Twello B.V. Construction work for the 23,009-square-metre warehouse on […] Posted by: Mya Driver Read more
Planning consent obtained on key Darlington industrial development site Feb 8, 2023 Privately-owned Co Durham-based property development company, Premcor Estates (Premcor) has obtained planning consent for three industrial/distribution units, with a combined floor area of 402,000 sq ft of office and industrial space at its 24-acre ‘Fabric Darlington’ (Fabric) site. Immediately adjacent to the Amazon fulfilment and distribution centre, Fabric occupies a highly visible position on Tornado […] Posted by: Mya Driver Read more
BPA Welcomes New Shore Power Government Funding Feb 8, 2023 The BPA has welcomed the Government’s new £77m Zero Emission Vessels and Infrastructure (ZEVI) competition, which has been launched today. BPA research has found that no shore power project anywhere in the world has gone ahead without government funding. This fund will help remove a key barrier to the installation of shore power, although significant other […] Posted by: Mya Driver Read more
Bevan Brittan advise on West Oxfordshire District Council’s shopping centre purchase Feb 8, 2023 An expert team of lawyers at national firm Bevan Brittan have advised West Oxfordshire District Council on the purchase of a shopping centre. The deal sees the district council taking control of Marriotts Walk shopping precinct in Witney, as part of its plans to boost the town centre. The 4.9 acre site was built in […] Posted by: Mya Driver Read more
£1.324 billion of capacity made available to investors this VCT season Feb 8, 2023 Unicorn VCT, the last Venture Capital Trust (VCT) of the tax year to launch, raised over £15 million yesterday, selling out completely in less than 8 hours. All VCTs from the 2022/23 tax year are now open, or have already filled, with total capacity this tax year to £1.324 billion. So far £661.9 million has […] Posted by: Mya Driver Read more
Aviva Investors acquires Ipswich site to develop up to 163 single family homes with Packaged Living Feb 8, 2023 Aviva Investors, the global asset management business of Aviva plc, announces it has acquired a site less than a mile from Ipswich town centre with planning for the development of over 163 family homes, as it continues to grow its UK single-family rental platform in partnership with Packaged Living, the specialist UK Build-to-Rent (BtR) developer. […] Posted by: Mya Driver Read more
Leasing momentum continues to drive income returns and support fully covered dividends Feb 8, 2023 Custodian Property Income REIT (LSE: CREI), which seeks to deliver a strong income return by investing in a diversified portfolio of smaller regional properties across the UK, today provides a trading update for the quarter ended 31 December 2022 (“Q3” or the “Quarter”). Richard Shepherd-Cross, Managing Director of Custodian Capital Limited, said: “Our active asset […] Posted by: Mya Driver Read more
