St Modwen acquires London industrial estate in £80m deal Jul 19, 2022 St. Modwen, one of the UK’s leading logistics developers and managers, has continued the expansion of its logistics portfolio in London with the £80 million acquisition of Westlands industrial estate, Hayes. The estate, which comprises three high-specification warehouse units on a 7.2-acre site, is currently fully let to leading global businesses, with logistics company Nippon […] Posted by: Mya Driver Read more
Bank investment unlocks development of new country park Jul 18, 2022 A derelict site in the west of Edinburgh is to be made into a multi-purpose country park and leisure facility with £26m backing from the Scottish National Investment Bank. The Wavegarden Scotland redevelopment of the disused Craigpark Quarry near Ratho will see the creation of a 23-hectare leisure and staycation facility with surfing at its heart. The project will […] Posted by: Mya Driver Read more
Long Harbour, PSP Investments and Cadillac Fairview invest £110m to forward fund London BtR scheme Jul 18, 2022 Long Harbour, a specialist real estate investment, development and management firm, has agreed to forward purchase a 204-unit BTR development within Leaside Lock, a vibrant new riverside community in the heart of East London, in Zone 2. The BTR element of Leaside Lock offers a modern collection of Studio, one, two and three-bedroom apartments in […] Posted by: Mya Driver Read more
Industrials REIT sells Reading asset in £5.88m deal Jul 18, 2022 Industrials REIT, the UK multi-let industrial (“MLI”) property company, announces that it has completed the sale of Rose Kiln Court, Reading for a total consideration of £5.88 million. The sale price represents a £0.135 million or 2.2% discount to the 31 March 2022 valuation of £6.015 million. The property, which comprises 31,687 sq ft of […] Posted by: Mya Driver Read more
Property transaction secured for retail property in the North East Jul 18, 2022 Avison Young acting on behalf of a private purchaser has secured the investment purchase of a well let retail property in Hexham, which also offers redevelopment potential of the vacant upper floors at 20-22 Priestpopple. The freehold property which is situated on the north side of Priestpopple adjoins the former Royal Hotel which has recently […] Posted by: Mya Driver Read more
Government decarbonisation plans to drive down Lower Thames Crossing emissions by 80% Jul 18, 2022 A new forecast released by National Highways today (18 July 2022) shows that the government’s plans to decarbonise cars and goods vehicles would cut the 60-year forecast of carbon emissions from Lower Thames Crossing traffic by at least 80%. The Lower Thames Crossing is designed to improve journeys for tens of thousands of people who […] Posted by: Mya Driver Read more
Border to Coast announces final investments in first £5.7bn private markets programme Jul 18, 2022 Border to Coast Pensions Partnership (“Border to Coast”) has completed investment in its initial £5.7bn Private Markets programme (“Series 1”), successfully securing a diverse range of new investment opportunities for its Local Government Pension Scheme (LGPS) Partner Funds and delivering a c.24% reduction in fees. First launched in 2019, the three-year programme focused on infrastructure, […] Posted by: Mya Driver Read more
AXA IM Alts acquire 50 Fenchurch Street ahead of 650,000 sq ft office development Jul 15, 2022 AXA IM Alts, a global leader in alternative investments with c. €188 billion of assets under management, announces that it is planning to bring forward the development of a 650,000 sq ft (60,000 sqm NIA) next generation office with exceptional environmental credentials, having exchanged contracts to acquire a long leasehold of 50 Fenchurch Street in the […] Posted by: Mya Driver Read more
Stoford and Logicor submit plans for Liberty Park Phase Two Jul 13, 2022 Leading commercial property developer, Stoford and leading European owner and manager of logistics real estate, Logicor, have submitted proposals for the second phase of development at an industrial site in the West Midlands. Plans have been put forward to Lichfield District Council for the final remaining plot of land at the southern end of Liberty Park, […] Posted by: Mya Driver Read more
CBRE IM forward funds Godwin residential scheme Jul 12, 2022 UK property developer Godwin Developments has agreed a forward funding deal with CBRE UK Affordable Housing Fund (AHF) – a fund managed by CBRE Investment Management (CBRE IM) to deliver 184 affordable homes in central Bletchley, Milton Keynes. The four-acre scheme, named Bletchley View, will provide a mix of affordable and shared ownership properties, a […] Posted by: Mya Driver Read more
