Clearbell closes £150m investment programme May 24, 2022 Clearbell UK Strategic Trust (CST), a Trust advised by Clearbell Capital, has announced that it is now fully invested, following the acquisition of 6-24 Britannia Street in Kings Cross for £13.5m. CST has acquired 20 assets over 12 separate transactions since November 2020, totalling more than £150m. The mixed-use portfolio has significant exposure to logistics, […] Posted by: Leon Newton Read more
Helical and Baupost JV disposes of London asset for £16.5m May 24, 2022 Helical plc, a UK real estate investment trust (REIT) specialising in the redevelopment and refurbishment of highly sustainable, best-in-class London office buildings together with its joint venture partner Baupost Group, has exchanged contracts to sell 55 Bartholomew Close to a private European investor for £16.5m. The sale price reflects a net initial yield of 4.5% […] Posted by: Leon Newton Read more
Warehouse REIT and Panattoni to deliver major logistics park in the North West May 24, 2022 Warehouse REIT, the urban and ‘last-mile’ industrial warehouse investor, has entered into a development agreement with Panattoni, the largest logistics real estate developer in Europe, to bring forward the development of up to 2 million sq ft at its logistics hub at Radway Green, in Crewe. Under the terms of the agreement, Panattoni, which has […] Posted by: Leon Newton Read more
Packaged Living BtR scheme in Newcastle gets planning approval May 24, 2022 This week, following a planning application from Packaged Living, Newcastle City Council approved plans for a 289-unit residential scheme on Newcastle’s Quayside. The impressive new development will sit on a 1.5-acre site alongside the river and will include significant amenity space, commercial space, and on-site car parking for residents. Quayside 12 has environmental and residents’ […] Posted by: Leon Newton Read more
Adhan Group acquires Blackburn retail asset in £38m deal May 24, 2022 Capital & Regional, the UK convenience and community focused shopping centre REIT has exchanged contracts for the sale of The Mall, Blackburn to the retail arm of the Adhan Group of Companies for £40 million in cash. This represents a premium to the December 2021 valuation of £38.2 million. Completion of the sale, which is subject […] Posted by: Leon Newton Read more
Mayfair Capital acquires Manchester asset in £35m deal May 24, 2022 Helical plc, a UK real estate investment trust specialising in the redevelopment and refurbishment of highly sustainable, best-in-class London office buildings announces that it has simultaneously exchanged and completed contracts on the sale of Trinity in Manchester, to clients of Mayfair Capital, for £34.55m (£590 psf), reflecting a net initial yield of 5%. The sale […] Posted by: Leon Newton Read more
Dominvs completes UK’s largest ever PBSA forward funding deal May 23, 2022 London developer Dominvs has completed the country’s largest forward fund in the purpose built student accommodation sector for £173m, with Scape.Comprising 713-beds, the scheme will be one of the capital’s largest student accommodation developments, Dominvs exclusively told CityA.M.The university housing deal came after Dominvs had secured consent for two hotels on the Hammersmith site. Citing […] Posted by: Leon Newton Read more
Network Space Acquires former Manchester College Site May 23, 2022 Network Space Developments has acquired a 2.8-acre site on Welcomb Street, Openshaw, from the LTE Group for an undisclosed sum.The former Manchester College site, accessed from the Ashton Old Road (A635), currently comprises of eight buildings of varying ages and sizes which were previously used as classrooms and workshops by the Manchester School of Building.Initial […] Posted by: Leon Newton Read more
Cole Waterhouse and Tonia Investments JV acquires Leeds site for 1,000-home development May 23, 2022 Cole Waterhouse and Tonia Investments have successfully purchased a 3.8-acre brownfield site in Leeds city centre having recently secured planning for 1012 apartments, over five separate blocks.Currently referred to as ‘Leeds City Village’, the triangular site sits opposite Leeds’ cultural district, Quarry Hill. Bound by Marsh Lane to the west and Shannon Street to the […] Posted by: Leon Newton Read more
Aviva Investors surpasses £1bn sustainable transition loans target three years early May 23, 2022 Aviva Investors, the global asset management business of Aviva plc (‘Aviva’), announces that it has provided a £227 million sustainability-linked refinancing to property group Romulus, on behalf of Aviva UK Life’s annuity business. Romulus is a London-based investment and development company who own and manage a mixed-use portfolio of over one million square feet. Significantly, […] Posted by: Leon Newton Read more
