Panattoni agrees double deal in Aylesford with land purchase and pre-let Aug 2, 2022 Panattoni, the largest logistics real estate developer in the UK and Europe, has agreed a relocation deal with Marley, a UK leader in the manufacture and supply of pitched roof systems to the construction market, that involves Marley relocating to Panattoni Park Aylesford and Panattoni securing a prime site from Marley in Wrotham. Marley has […] Posted by: Mya Driver Read more
Angle Property announces acquisition of 1.5-acre office site Aug 2, 2022 Angle Property is pleased to announce it has completed the purchase of RSA House on Western Road in Bracknell from RSA Security UK Limited. The 35,000 sq ft vacant office built in 2000 occupies a prominent 1.5-acre site at the entrance to the established Western Industrial Area and provides an opportunity for re-letting, conversion or […] Posted by: Mya Driver Read more
Capita sells real estate and infrastructure consultancy business to WSP in £60m deal Aug 2, 2022 Capita plc (‘Capita’) today announces that it has agreed to sell two real estate and infrastructure consultancy businesses to WSP for £60m on a cash-free, debt-free basis. Taking into account cash-like and debt-like items, Capita expects to receive proceeds of c.£69m at completion. The sale comprises two businesses: Capita Real Estate and Infrastructure (‘REI’) and […] Posted by: Mya Driver Read more
Fiera Real Estate disposes of retail asset to Aldi for £5.5m Aug 2, 2022 Fiera Real Estate UK (“FRE UK”) is pleased to announce the sale of West Denton Retail Park in Newcastle on behalf of Fiera Real Estate Long Income Fund UK (“FRELIF”) to Aldi for £5.5m. The asset is situated three miles north-west from Newcastle city centre, just off the A1 and offers excellent road connections for […] Posted by: Mya Driver Read more
Macquarie Asset Management acquires significant stake in Virtus Data Centres Aug 2, 2022 St Telemedia Global Data Centres (ST Telemedia) has reached an agreement for Macquarie Asset Management, via Macquarie European Infrastructure Fund 7, to acquire a significant minority stake in leading data centre provider VIRTUS Data Centres (VIRTUS). VIRTUS provides colocation and cloud connectivity services to blue-chip clients, including global technology companies and enterprise clients. Its portfolio […] Posted by: Mya Driver Read more
Pinnacle Power announces UKREiiF partnership for 2023 Aug 1, 2022 Following their involvement in the inaugural UKREiiF event, Pinnacle Power has confirmed their partnership to once again exhibit at next year’s event, which is set to take place in Leeds between 16-18 May, 2023. Designing, building, operating and financing district energy networks for communities across the UK, Pinnacle Power works with local authorities and property […] Posted by: Mya Driver Read more
Hopkins Homes kickstarts expansion with 16-acre acquisition Aug 1, 2022 East Anglia’s largest privately owned housebuilder, Hopkins Homes, has marked the beginning of its expansion into new areas by acquiring a 16-acre site in Chelmsford, Essex. Beaulieu Park, just 30 miles from London, signals Hopkins Homes’ intent to grow its renowned collection of distinctive, aspirational homes outside of its traditional roots and reinforces the housebuilder’s […] Posted by: Mya Driver Read more
BP to invest £50m in new global battery R&D centre Aug 1, 2022 BP today unveiled plans to invest up to £50 million (around $60 million) in a new, state-of-the-art electric vehicle (EV) battery testing centre and analytical laboratory in the UK. BP has previously announced its intention to invest up to £18 billion in the UK’s energy system by the end of 2030; this additional new investment […] Posted by: Mya Driver Read more
Select Property get approval for £154m Manchester tower Aug 1, 2022 Select Property Group has received approval for a 33-storey residential apartment project in Manchester – having revised plans which initially got rejected. The initial plans for 34-storeys had been rejected for being too high initially, but the project has now been approved and the project will see 481 new flats being developed. Reducing the storey […] Posted by: Mya Driver Read more
Silbury Finance provides £100m of funding for two residential-led schemes Aug 1, 2022 Silbury Finance, the Oaktree Capital Management-backed development lender, has completed two senior development facilities, totalling £96.5 million, to fund the delivery of residential-for-sale schemes on the Old Kent Road, SE15, and in Reading. Silbury has provided Avanton, the London property developer, with a £68 million stretch facility. It will fund the redevelopment of the former […] Posted by: Mya Driver Read more
