Panattoni promises £700m investment after buying Honda’s Swindon factory Mar 26, 2021 Honda today announced it has sold its iconic Swindon factory to Panattoni, Europe’s largest developer of new build industrial and logistics facilities. The Japanese car manufacturer purchased the site in Wiltshire in 1985 and two years ago announced it was ceasing production there in July, at the end of the current model cycle of the […] Posted by: Mark Flanagan Read more
InfraRed Capital cashes in on last-mile logistics portfolio Mar 25, 2021 InfraRed Capital last night confirmed the £250m sale of its portfolio of last-mile logistics assets in the UK and France to Blackstone real estate funds. The warehouses, comprising 2.2million sqft of space across 50 Anglo-French properties, located mainly in urban locations near Manchester, Liverpool, Leeds and Sheffield, will be incorporated into Mileway, Blackstone’s pan-European last […] Posted by: Mark Flanagan Read more
HS2 hoping to utilise Hinkley workforce Mar 25, 2021 Businesses in Somerset are being encouraged to bid for upcoming HS2 contracts worth millions of pounds. Two days ago HS2 made a similar appeal for Scottish firms to come forward with both regions under represented on the contractors’ roll. And Robin Lapish, HS2 Ltd’s Supply Chain Manager, is hopeful the considerable expertise, contained withing the […] Posted by: Mark Flanagan Read more
Nottingham town centre redevelopment restarting thanks to £12m grants Mar 25, 2021 Nottingham City Council (NCC) has received £12m in funding to pave the way for the restart of its Broadmarsh shopping centre redevelopment. NCC has received £8m from the D2N2’ Local Enterprise Partnership’s Getting Building Fund along with £4m of match funding from the Transforming Cities Fund to complete the demolition phase, which is due to […] Posted by: Mark Flanagan Read more
Investors pile into LondonMetric’s capital-raising debt issue Mar 25, 2021 LondonMetric has raised £380m from Trans-Atlantic institutional investors keen to support the asset management company’s long-term logistics strategy. The private debt, which has a blended maturity of 11.1 years and blended interest rate of 2.27%, was upsized from an initial target of £150m due to demand. A £50m tranche (‘Green Notes’) is subject to a […] Posted by: Mark Flanagan Read more
Greater Manchester CA set to approve brownfield redevelopment grants allocation Mar 25, 2021 BROWNFIELD land across Greater Manchester is set to be converted into sites for more than 2,700 new homes, as part of the second phase of a £97m development fund. At a meeting of the Greater Manchester Combined Authority (GMCA) tomorrow (Friday, March 26), leaders are expected to approve an allocation of £41m to develop a […] Posted by: Mark Flanagan Read more
Councils unite for ambitious £5bn East Midlands regeneration plan Mar 24, 2021 Five councils in the East Midlands today announced they have joined forces to create a £5bn regeneration plan across three huge sites in the region. Nottinghamshire and Leicestershire County Councils have partnered with Broxtowe Borough, Rushcliffe Borough and North West Leicestershire District Council to fund an interim body that will eventually become the East Midlands […] Posted by: Mark Flanagan Read more
Former Liverpool distillery set for new life as multi-let industrial hub Mar 24, 2021 Network Space has acquired a high-profile 28-acre industrial site in Liverpool, for an undisclosed amount. The Sovereign Distillery comprises 446,151 sqft of space and was the former headquarters of Halewood Artisanal Spirits PLC, a family-owned producer of world-famous artisanal wines, spirits and beers which has operated from the site at Huyton Business Park since 2000. […] Posted by: Mark Flanagan Read more
Planning relief for £500m Oxford life sciences district mega development Mar 24, 2021 Oxford City Council has finally given the go ahead for a £500m life sciences district on the edge of the city. Ten years after it was first mooted, the Oxford North development, which is the brainchild of St John’s College’s development company Thomas White Oxford (TWO), will incorporate new laboratories and workspaces for biomedical science, […] Posted by: Mark Flanagan Read more
UK industrial sites prove appealing to Kennedy Wilson Mar 24, 2021 Global asset management company Kennedy Wilson is set to double the value of its UK portfolio in just six months when it completes deals worth £140m in the next few weeks. The purchases will lift the American company’s industrial portfolio value to £440m, across 3.8 million sqft, and it is also targeting further acquisitions in […] Posted by: Mark Flanagan Read more
