Why property investment must incorporate Climate Intelligence Apr 26, 2022 The world of UK real estate is no stranger to the elements – environmental and economic. While organizations in the property space have done well to rebound from the unprecedented disruptions caused by Covid-19, they are now facing growing pressure – political, financial, and social – to address the escalating risks posed by climate change. […] Posted by: Mya Driver Read more
Moorfield and Melberry partnership to deliver PBSA for University of Essex Apr 26, 2022 Moorfield Group, the UK-focused real estate fund manager, announces that it has entered into a development agreement with Melberry Developments (“Melberry”), on behalf of Moorfield Real Estate Fund IV, for a 282-room PBSA development in the historic market town of Colchester. In line with its ambitious 2030 net zero commitment, the project, which has Gross […] Posted by: Mya Driver Read more
Germany firm Caleus makes debut UK investment with £60m purchase Apr 25, 2022 Germany-based investment firm Caleus has purchased 19-24 Dering Street, a prime mixed-use freehold building in Mayfair, London W1, from Legal & General for £60 million. Boasting a prominent position in between Bond Steet and Hanover Square, opposite the Elizabeth Line entrance, the multi-let property totals 34,431 sq ft (3,199 sq m) of office, gallery and leisure accommodation […] Posted by: Mya Driver Read more
Singapore based GIC acquires 75% stake in British Land’s Paddington Central assets in £700m deal Apr 25, 2022 British Land is pleased to announce they have exchanged on the sale of a 75% interest in the majority of their Paddington Central assets to GIC. This transaction establishes a new joint venture (the “Joint Venture”) with ownership split 75:25 for GIC and British Land respectively. Completion is unconditional and will be within three months. […] Posted by: Mya Driver Read more
LondonMetric acquires 6 London logistics assets in £27m deal Apr 25, 2022 LondonMetric Property Plc (“LondonMetric”) announces the acquisition of six London urban logistics warehouses in separate transactions for a total investment of £26.7 million, reflecting an anticipated blended initial yield of 4.3% and a reversionary yield of more than 4.5%. Three properties in Colliers Wood, Stratford and Stockwell have been acquired with vacant possession and will […] Posted by: Mya Driver Read more
Greater Manchester announces partners and programme for UKREiiF Apr 25, 2022 Greater Manchester has announced that it will attend UKREiiF, the UK’s Real Estate Investment and Infrastructure Forum, for the first time when it comes to Leeds next month. The three-day event will connect over 3,500 investors, developers, public sector bodies, funders, and end-users to inward investment as Greater Manchester joins up with Liverpool City Region […] Posted by: Mya Driver Read more
SEGRO continues to expand London footprint with acquisitions totalling £195m Apr 25, 2022 SEGRO has completed £195m of investment in London, acquiring Grand Union Trade Park in Park Royal and growing its Inner London pipeline with the purchase of two assets in Wapping and Clapham, each measuring 2.6 acres in size and providing extensive coverage in east and west London. Grand Union Trade Park comprises 100,000 sq ft […] Posted by: Mya Driver Read more
Caddick Group and Moda launch UKREiiF Pavilion programme focused on taking the industry’s ESG agenda to the next level Apr 25, 2022 Caddick Group and Moda Living have announced a major three-day programme of activity at UKREiiF – the UK’s Real Estate Investment and Infrastructure Forum – where they will delve into the ESG agenda and challenge the industry to push towards the next generation of communities within their Next Generation Futures Pavilion. Caddick Group has numerous […] Posted by: Nathan Spencer Read more
Valor acquires last mile unit in £50m deal Apr 22, 2022 Valor Real Estate Partners (“Valor”), Europe’s fastest growing last mile real estate specialist, has completed the acquisition of a prime last mile logistics facility in Birmingham, for c. £50 million, from NFU Mutual. It continues Valor’s stated strategy of expanding its footprint in select regional cities as it looks to double its UK portfolio and […] Posted by: Mya Driver Read more
Leeds NHS trust to share hospital innovation plan to national audience Apr 22, 2022 The Leeds NHS Trust’s plan for a new health innovation village created around its development of two new hospitals is to feature in a major national property and infrastructure event in the city in May. Leeds Teaching Hospitals NHS Trust will be speaking and exhibiting at the UK Real Estate investment and infrastructure Form (UKREiiF) […] Posted by: Mya Driver Read more
