Share purchase by Freddie Brooks, CFO of LXi REIT Dec 5, 2022 The Board of LXI REIT (ticker: LXI), the specialist inflation-protected very long income REIT, announces that Frederick (Freddie) Brooks, CFO of the Company’s Investment Advisor, LXI REIT Advisors Limited, acquired 85,078 ordinary shares in the capital of the Company at 116.719 pence per share for a total cost of £99,811.65 on 2 December 2022. LXI […] Posted by: Mya Driver Read more
Major UK real estate & infrastructure conference generated £1m in social value, according to Loop Dec 2, 2022 Leading social value measurement organisation, Loop, has produced a social value report following The UK’s Real Estate Investment and Infrastructure Forum (UKREiiF) after forging a partnership with the organisers at the start of the year. The report is the first for a conference of this kind and focused on the social value generated at this […] Posted by: Mya Driver Read more
Glenbrook gets the green light for new £135m Leeds BtR scheme Dec 1, 2022 Leeds City Council planning committee has approved Glenbrook’s plans for a new 500 build to rent apartment development at Whitehall Riverside in the heart of the city centre. This scheme forms part of a wider £280million masterplan which is being brought forward with Leeds-based property investor and car parking operator, Town Centre Securities PLC (TCS). […] Posted by: Mya Driver Read more
Planning approved: Cambridge International Technology Park Dec 1, 2022 Scott Brownrigg’s design for over 600,000 sq ft of speculative office and laboratory buildings for Biomed Realty has received planning approval. The.15 acres site at Fulbourn Road Cambridge will provide 600,000-net-sq-ft of laboratory and office space, aimed at life sciences, biotechnology and more traditional office occupiers. To be known as Cambridge International Technology Park, the […] Posted by: Mya Driver Read more
AEW UK REIT Acquires of two high yielding retail assets for £13m Dec 1, 2022 AEW UK REIT plc is pleased to announce that it has unconditionally exchanged on the purchase of a 67,020 sq ft mixed-use block located in Bath city centre at a price of £13,000,000, reflecting a low capital value of £194 per sq ft and an attractive net initial yield of 8.5%. Completion of the asset purchase is expected later this week. The […] Posted by: Mya Driver Read more
Allegra Care and Moorfield close in on £125M portfolio Dec 1, 2022 A joint venture (‘JV’) between Allegra Care, a UK-focused care home operator, and Moorfield Group, a UK specialist real estate fund manager acting on behalf of Moorfield Real Estate Fund V (Moorfield), has completed the acquisition of four nursing, dementia and care homes in Bristol and South Gloucestershire. The JV acquired the homes from Grove […] Posted by: Mya Driver Read more
Custodian REIT plc : Disposal of business park office property for £2.8m Nov 30, 2022 Custodian REIT (LSE: CREI), which seeks to deliver a strong income return by investing in a diversified portfolio of smaller regional properties across the UK, is pleased to announce the disposal of a 16,941 sq ft office property in Leicester for £2.8m, in line with the most recent valuation. Commenting on the disposal, Richard Shepherd-Cross, Managing Director […] Posted by: Mya Driver Read more
SKH to build 2500 new homes for the East of England Nov 30, 2022 Cross Key Homes (CKH) are set to build up to 2,500 new homes across the East of England, with the support of a £100 million private placement arranged by Lloyds Bank. Thanks to the advice given by Savills Financial Consultants, CKH plans to utilise the funds to improve the provision of affordable, energy efficient housing […] Posted by: Mya Driver Read more
Hartlepool borough commits £20m to start transforming town Nov 30, 2022 Plans to reinvigorate the centre of Hartlepool by establishing a Mayoral Development Corporation have won unanimous support from the town’s council following an Extraordinary Council Meeting. Tees Valley Mayor Ben Houchen and Hartlepool Borough Council Leader Shane Moore revealed the proposals in April this year to reshape the town, make it a more attractive place […] Posted by: Mya Driver Read more
SEGRO prices £350 million, 19 year bond Nov 30, 2022 SEGRO plc announces the launch and pricing of a £350 million, 19-year senior unsecured bond issue, priced at 175 basis points above gilts, with an annual coupon of 5.125 per cent. The bond issuance, which was carried out under SEGRO’s Medium Term Note Programme, was almost six times oversubscribed. The proceeds of the issue will […] Posted by: Mya Driver Read more
