Lancaster University gets £60m loan from Santander UK Jan 12, 2023 Santander UK has provided Lancaster University with a £60m sustainability-linked five-year revolving credit facility. It is one of the first such loans Santander UK has provided to a UK university. The funding provides Lancaster University, which has been a Santander UK client since 2014, with cash reserves required to meet its operational costs and funds […] Posted by: Mya Driver Read more
REIT takes additional Stake in Joint Venture for £196 million Jan 12, 2023 Supermarket Income REIT plc, the real estate investment trust providing secure, inflation-protected, long income from grocery property in the UK, announces an update in relation to its joint venture with British Airways Pension Trustees Limited (“BAPTL”). The Company has acquired BAPTL’s 25.5% beneficial interest in the Sainsbury’s Reversion Portfolio (the “SRP Portfolio”) for £196 million […] Posted by: Mya Driver Read more
City Hall seeks development partner for new mixed-use residential development in Enfield Jan 12, 2023 A development partner is being sought for a new mixed-use residential led development at a 1.77-hectare site located on the North Middlesex University Hospital site in Upper Edmonton in the London Borough of Enfield. The successful developer will enter a development agreement with Greater London Authority Land and Property (GLAP) to design and deliver new […] Posted by: Mya Driver Read more
SEGRO Acquires retail park with data centre redevelopment potential in Slough Jan 12, 2023 SEGRO plc has acquired Bath Road Shopping Park in Slough, from Royal London Asset Management for £120 million. The retail park is strategically located next to the Slough Trading Estate and covers approximately 11.4 acres. It includes 10 retail warehouse units, roughly one third of which are currently vacant thereby providing immediate opportunities for asset […] Posted by: Mya Driver Read more
UKREiiF confirms Pick Everard as partner Jan 12, 2023 Leading independent, multi-disciplinary property and construction consultancy Pick Everard has confirmed its involvement in the UK’s Real Estate Investment & Infrastructure Forum (UKREiiF), which is set to take place between 16-18 May, in Leeds. With more than 650 employees across 15 national offices, Pick Everard is one of the UK’s leading companies, supporting both public […] Posted by: Mya Driver Read more
Tungsten Properties sells ‘Super W’ net zero warehouse for £32.1 million Jan 11, 2023 Tungsten Properties has sold Super W, a 246,136 sq ft (22,866 sq m) newly built prime distribution warehouse unit in Warrington, Cheshire to Leftfield for £32.1 million reflecting a net initial yield of 4.96%. In August 2022, Super W was let to Farmfoods Limited on a 25-year lease at a rental of £1.7 million per annum for their distribution warehouse. Super W is situated in […] Posted by: Mya Driver Read more
Sterling Capitol sells two office buildings at Capitol Park Leeds Jan 11, 2023 Leading Yorkshire property development and investment company Sterling Capitol has sold two prime office assets at Capitol Park, Leeds. The value of the two transactions has not been disclosed. The first asset was the 4,862 sq ft 1 Sterling Way, occupied by Create Fertility, let on a new 10-year lease, was bought by Assura PLC, […] Posted by: Mya Driver Read more
Puma Property Finance inks £50m loan to Scape Living for transformational co-living, commercial and events space in East London Jan 11, 2023 Puma Property Finance (Puma) today announces it has provided a facility of approximately £50m for a transformational co-living, commercial and events development in Walthamstow, East London. The development, directly opposite Blackhorse Lane station, will see the creation of 273 residential living units as well as new commercial co-working areas and a flexible performing arts events […] Posted by: Mya Driver Read more
Investment boost for Liverpool and East Anglia as Freeports given green light Jan 11, 2023 Freeports in Liverpool and East Anglia have received final government approval meaning the majority of English Freeports are now fully up and running. Freeports in Liverpool and East Anglia have received final government approval today (Tuesday 10th January) meaning the majority of English Freeports are now fully up and running. Freeport East and Liverpool City […] Posted by: Mya Driver Read more
Aviva Investors acquires distribution warehouse at Suttons Business Park, Reading Jan 11, 2023 Aviva Investors, the global asset management business of Aviva plc (‘Aviva’), announces it has acquired an urban distribution warehouse at Suttons Business Park, located on the outskirts of Reading, Berkshire. The high-specification, single-let unit spans over 210,000 sq ft and features 53 cross-docking bays with space for over 140 vehicles, an integrated three-storey office facility […] Posted by: Mya Driver Read more
