Dundee Football Club submits plans for new 15,000 seater stadium May 31, 2022 Revised plans have been formally submitted by Dundee FC – who are planning to develop a 15,000 seater stadium near Camperdown Park. Situated next to the current Leisure Park the project will include 210 homes, a 100 bed hotel and restaurants. They plan to deliver the stadium by 2024. In addition to the stadium there […] Posted by: Leon Newton Read more
Kennedy Wilson acquires 20 UK logistics assets in £220m deal May 31, 2022 Global real estate investment company Kennedy Wilson has acquired a high-quality, diversified portfolio of 20 UK urban logistics assets totalling 1.3 million square feet, via an off-market transaction with UK logistics specialist, Leftfield, for £220 million. Kennedy Wilson has a 20% ownership in the portfolio and invested $24 million of equity in the transaction. The industrial […] Posted by: Leon Newton Read more
31-storey Isle of Dogs tower set for approval May 31, 2022 A major scheme in Tower Hamlets has been recommended for approval – which will see Mount Anvil and One Housing deliver a 31-storey residential scheme.The project, which previously obtained consent for a 26-storey tower, has been increased in size with HTA Design drawing up plans to add five additional storey’s to the build.24 homes and […] Posted by: Leon Newton Read more
Schroder REIT acquires £15m Manchester mixed-use asset May 31, 2022 Schroder Real Estate Investment Trust Limited, the actively managed UK-focused REIT, announces the acquisition of St. Ann’s House in Manchester, for £14.7 million, reflecting a net initial yield of 7.8%, a reversionary yield of 9.1% and a low average capital value of £283 per sq ft. The mixed-use office and retail asset generates £1.22 million […] Posted by: Leon Newton Read more
Clowes acquires Birmingham office campus in £13m deal May 31, 2022 Hillview Real Estate, the UK regional office investor, has sold an office campus on the edge of Birmingham to Clowes Developments for £13.1 million, reflecting a net initial yield of 7.5%. The campus is 2620-2650 Kings Court, which comprises six self-contained office buildings, totalling 52,373 sq ft, at Birmingham Business Park, the premier business park […] Posted by: Leon Newton Read more
Valor acquires London urban logistics asset in £40m deal May 31, 2022 Valor Real Estate Partners (“Valor”), Europe’s fastest growing last-mile real estate specialist, has continued its momentum in London with the acquisition of a prime urban logistics asset in Park Royal, West London for c £40m from a private vendor. The asset comprises 55,000 sq ft of high-quality warehouse space across two units that are currently […] Posted by: Leon Newton Read more
East Midlands Development Company announced independent board May 31, 2022 A team of hugely experienced property and investment professionals will help advise on the progress of one of the biggest development opportunities in the UK. The East Midlands Development Company has recruited a team of private sector non-executive directors to work alongside its local authority partners, commercial advisors and core team as it seeks to […] Posted by: Leon Newton Read more
GSK announcement imminent on UK Science Cluster development partner May 30, 2022 GlaxoSmithKline (GSK) is on the verge of announcing a development partner, as they look deploy investment into the UK and create a new bioscience cluster near its research base in Stevenage. Last year they outlined their desire to develop a 33-acre site in Hertfordshire which would become a life science hub creating up to 5,000 […] Posted by: Leon Newton Read more
Fiera and Wrenbridge acquire 4.5-acre site for industrial scheme May 30, 2022 Fiera Real Estate (“FRE UK”) and Wrenbridge are pleased to announce the acquisition of a 4.5-acre site on Limberline Road in Portsmouth to develop a multi-unit Grade A industrial scheme with a GDV in the region of £33m. The business plan is to obtain planning permission for seven industrial units ranging between 6,319 sq.ft to […] Posted by: Leon Newton Read more
Oxenwood acquires Manchester logistics estate from pension fund in £19m deal May 30, 2022 Oxenwood Real Estate, the UK and European real estate investment management firm, has acquired a multi-let logistics estate near Manchester for £19 million. Located by junction 19 of the M60 orbital motorway in Middleton, four miles north east of Manchester, the 12-acre estate has been acquired from a retained pension fund client of CBRE Capital […] Posted by: Leon Newton Read more
