Australian pension fund Aware Super forms £1bn real estate partnership with Delancey Oct 25, 2024 Aware Super has formed a strategic partnership with Delancey Real Estate, a leading UK investment, asset and development manager to establish a property platform in the UK, to invest up to an initial £1 billion in UK property. The platform has been established to invest into UK real estate by identifying sectors and assets, with […] Posted by: Deividas Krupstas Read more
£150m Skelmersdale masterplan unveiled Oct 24, 2024 Initial plans for the transformation of Skelmersdale in Lancashire have been revealed, including plans for 600 new homes and 28,000sq ft of commercial space. The plans are being led by Tawd Valley Development – West Lancashire Council’s development arm – and a 75-acre masterplan has been drawn up. A new railway station is included in […] Posted by: Deividas Krupstas Read more
HUB and Bridges Fund Management submit plans for Bath scheme Oct 24, 2024 Having announced the acquisition of the 4.5acre site in early 2024, HUB and Bridges Fund Management have now submitted plans for a former Homebase site in Bath. The site, acquired for £18.5m, is set to be transformed into a mixed-use asset with over 450 homes – 275 BtR and 180 shared living properties. The plans […] Posted by: Deividas Krupstas Read more
M&G Real Estate acquires Cambridge office buildings for industrial scheme Oct 24, 2024 M&G has acquired two offices in Cambridge titled Prospect House and Carisbrooke Court, with plans to transform the offices into industrial and warehouse space, with several warehouses surrounding the properties. The assets total 52,053 sq ft and is based on the Buckingway Business Park in Cambridge. The redevelopment will be led by Goya Developments. Patrick […] Posted by: Deividas Krupstas Read more
Assura dispose of 12 assets for £25 million Oct 24, 2024 Assura has announced the completion of the disposal of 12 assets for cash proceeds of £25 million. The sale price is in line with the current book value of the assets and the proceeds will enable a partial repayment of the Group’s revolving credit facility. Disposal programme update The Company continues to make strong progress […] Posted by: Deividas Krupstas Read more
CPP and Kennedy Wilson JV to target £1bn UK single-family rental portfolio Oct 24, 2024 Canada Pension Plan Investment Board (CPP Investments) has partnered with global real estate investment company Kennedy Wilson (NYSE:KW) to launch a new single-family rental housing joint venture (“the JV”) in the United Kingdom. CPP Investments will initially commit £500 million, with Kennedy Wilson committing £56 million. The JV will have an initial target of approximately […] Posted by: Deividas Krupstas Read more
abrdn expecting new growth phase in the real estate sector fuelled by REITS, Rates and Rents Oct 24, 2024 Publishing its Q4 Real Estate House View, abrdn that said they believe that Real Estate has turned a corner and is moving into a new growth phase, with a rebound imminent as rate cuts start to come through. abrdn has upgraded its investment view on real estate from neutral to overweight for the first time […] Posted by: Deividas Krupstas Read more
Vistry partners with Solihull Council to deliver 177 sustainable new homes Oct 24, 2024 Solihull Council has struck a development deal with leading homebuilder Vistry Group PLC to build up to 177 affordable new homes for its residents. The sustainable new development will be built on the site of the former Simon Digby School in Chelmsley Wood. This well connected spot, located between the Chester Road (A452) and the […] Posted by: Deividas Krupstas Read more
Meadow Partners and Citivale secure industrial asset in London Oct 23, 2024 Meadow Partners and Citivale Group Holdings have purchased Zodiac Park in West Drayton in Greater London. The purchase price from DTZ Investors hasn’t been disclosed. The asset covers over 120,000sq ft and was built back in 2001. There are currently eight units on the site with almost 100% occupancy. Citivale’s CEO, James Appleton-Metcalfe, said: “We […] Posted by: Mya Driver Read more
Tri7’s new office arm JV’s with Pears Group to acquire Manchester office from Aviva Oct 23, 2024 Aviva has sold 55 Spring Gardens in Manchester for £13m to a JV of TriOffice and The Pears Group. TriOffice is Tri7’s new commercial office investment arm having launched in September. This is the first acquisition by the new business arm – with the asset covering 55,385sq ft across 10 floors. It’s situated in the […] Posted by: Mya Driver Read more
