Stoford and Blackbrook sign forward funding deal for two prime logistics assets in West Midlands Dec 15, 2022 Leading commercial property developer, Stoford will deliver almost 450,000 sq ft of new logistics accommodation in the West Midlands after completing a forward funding deal with specialist European independent real estate investor, Blackbrook. Two new Grade A warehouse facilities are being speculatively developed as part of the second phase of Redditch Gateway, a multimillion pound […] Posted by: Mya Driver Read more
LondonMetric JV acquires a NNN retail asset in South East London for £38 million Dec 15, 2022 LondonMetric Property Plc has acquired a NNN retail asset from an open ended property fund for £38.0 million through one of its joint ventures (LondonMetric share: £19.0 million). This reflects an initial yield on cost to LondonMetric of 5.4%, rising to 5.7% upon completion of short term asset management initiatives. The 68,000 sq ft property is located on […] Posted by: Mya Driver Read more
Mott MacDonald announced as UKREiiF EDI & Youth Pavilion Partner Dec 15, 2022 Mott MacDonald, the global engineering, management and development consultancy, has been announced as the official EDI & Youth Pavilion Partner ahead of UKREiiF 2023 – set to take place between 16-18th May 2023. Building on from the success of the inaugural UKREiiF, the event is growing in size with additional stages and content, and over […] Posted by: Mya Driver Read more
Westinghouse Receives UK Government £13m Grant to Explore Uranium Conversion Services Dec 14, 2022 Westinghouse will receive a Direct Award Grant from the UK Department of Business, Energy and Industrial Strategy (BEIS) to explore the development of Uranium Conversion Services at the company’s Springfields facility in Lancashire, England. Aerial view of the Westinghouse Springfields facility in Lancashire, England. The £13M (US$15.9M) award from BEIS, along with ongoing Westinghouse investment, […] Posted by: Mya Driver Read more
Civitas invests £200m in CareTech portfolio Dec 14, 2022 Civitas Investment Management Limited (“Civitas”), the leading social impact investor, is pleased to announce an investment of £200 million to acquire a portfolio of specialist care properties from CareTech under a sale and leaseback arrangement. The portfolio comprises a mix of specialist schools and children’s homes. The investment follows the £1.1 billion acquisition of CareTech […] Posted by: Mya Driver Read more
Moorfield Group announces debut acquisition for new logistics strategy Dec 14, 2022 Moorfield Group (Moorfield), the UK-focused real estate fund manager, has announced on behalf of Moorfield Real Estate Fund V (MREFV), that it has acquired a single-tenant logistics asset, totalling 56,746 sq ft. Located in the West Midlands, the property was acquired from an unnamed UK institutional investor for £5.325 million (€6.188 million), reflecting a net […] Posted by: Mya Driver Read more
JLL Pavilion Partners at UKREiiF 2023 Dec 14, 2022 Major international real estate provider JLL has officially announced their partnership with The UK’s Real Estate Investment & Infrastructure Forum (UKREiiF), set to take place between 16-18 May, in Leeds. JLL is a global commercial real estate services company, founded in the UK with offices in 80 countries that provides investment management services worldwide including […] Posted by: Mya Driver Read more
UK Government provides £102m boost to Nuclear and Hydrogen innovation Dec 13, 2022 The UK government has today announced new funding to support clean energy production in the UK. Today’s funding includes £77 million to bolster nuclear fuel production and support the development of the next generation of advanced nuclear reactors, along with £25 million for technologies that can produce hydrogen from sustainable biomass and waste, while removing […] Posted by: Mya Driver Read more
Natwest provides £285m debt funding package to unlock £1bn 3,000 home delivery programme Dec 13, 2022 Natwest has secured a debt financing deal which will help Sigma Capital Grown and EQT to deliver 3,000 new homes in London. The homes, which will have a value of circa £1bn, support the JV put in place by Sigma and EQT who also have a number of acquisitions planned over the course of the […] Posted by: Mya Driver Read more
St Modwen receives permission for 200-home Birmingham scheme Dec 13, 2022 St. Modwen Homes, a leading developer of new communities and high-quality homes, has secured a resolution to grant full planning permission to build an additional 205 new homes at Longbridge on the historic MG Rover site that was once home to the MINI in Birmingham. Birmingham City Council resolved to grant full planning permission which […] Posted by: Mya Driver Read more
