GLIL secures record £1.2bn to drive UK infrastructure investment Apr 21, 2022 GLIL Infrastructure LLP (“GLIL”) has raised a further £1.2 billion from its members – its biggest fundraising since the fund launched in 2015 – for further investment in core UK infrastructure assets. The additional capital commitment comes from across all of GLIL’s Local Government Pension Scheme (“LGPS”) fund members, including Greater Manchester, Merseyside and West […] Posted by: Mya Driver Read more
Warehouse REIT acquires MLI asset in £62m deal Apr 21, 2022 Warehouse REIT, the AIM-listed company that invests in e-commerce urban and last-mile industrial warehouse assets in the UK, announces that it has exchanged contracts to acquire Bradwell Abbey Industrial Estate, for £62 million excluding acquisition costs. The purchase price reflects a net initial yield of c. 4% based on day one passing / guaranteed income […] Posted by: Mya Driver Read more
Aldermore provides Real Estate Investment Group 1 with seven figure loan Apr 21, 2022 Aldermore has provided Real Estate Investment Group 1 Limited with a seven figure facility, to enable them to further grow their commercial property portfolio in Yorkshire. This is the fourth time that Aldermore has supported the company with the purchase of a commercial investment property in the last 12 months. The new loan will be […] Posted by: Mya Driver Read more
Heimstaden Bostad funds and acquires Edinburgh resi project Apr 21, 2022 Heimstaden Bostad AB has agreed to fund and acquire PLATFORM_’s 464-home residential project in Edinburgh for SEK 1.5 billion (£124.4 million). A build contract was placed simultaneously and practical completion is scheduled for mid-2024. The development is in the Bonnington regeneration area, 2 km (1.2 miles) north of Edinburgh’s city centre, to which it will […] Posted by: Mya Driver Read more
SC1 Life Science Innovation District to be showcased on global stage Apr 21, 2022 At the inaugural UKREiiF event in Leeds between 17-19 May 2022, the project will be showcased to domestic and international investors, developers and potential occupiers. The London Borough’s of Lambeth and Southwark, King’s Health Partners and Guy’s and St Thomas’ Foundation are set to put the SC1 Life Science and Innovation District on the global […] Posted by: Mya Driver Read more
ABP received Port of Hull planning consent for 4.25m sq ft development Apr 20, 2022 Associated British Ports (ABP) has been granted outline planning consent for more than 4.25 million sq ft of industrial, manufacturing and logistics development at the Port of Hull by East Riding of Yorkshire Council. The 453 acres of prime land includes 212 acres located within the East Hull Humber Freeport Tax Assisted Zone, which offers […] Posted by: Mya Driver Read more
Pagabo’s Feel Good Games hosted at UKREiiF Apr 20, 2022 At our inaugural UKREiiF event in May, Pagabo will be hosting their ‘Feel Good Games’ which will be raising money for their mental health charity ‘Pagabo Foundation’ – set up to help break down stigma within the construction industry and tackle the mental health crisis head on… The games represent a fitness movement set up […] Posted by: Mya Driver Read more
Weston Homes unveil details for major Norwich development Anglia Square Apr 20, 2022 Weston Homes has unveiled details and images from the new hybrid (part full/part outline) planning application made to Norwich City Council for the redevelopment of the 4.65 hectare (11.5 acre) Anglia Square and car parks site in Norwich, which proposes a scheme of 14 lower rise buildings, ranging from 3 to 8 storeys, designed around inner […] Posted by: Mya Driver Read more
Industrials REIT acquires four MLI assets for £21m Apr 20, 2022 Industrials REIT, the UK multi-let industrial (“MLI”) property company, announces that it has acquired four multi-let industrial estates, in Boston, Barnsley, Leeds and Stockton on Tees, for a total consideration of £20.86 million. The purchase price reflects a blended net initial yield (“NIY”) of 5.7% and an average capital value of £80 per sq ft. […] Posted by: Mya Driver Read more
AXA IM Alts extends UK logistics footprint with £390m portfolio acquisition Apr 20, 2022 AXA IM Alts, a global leader in alternative investments with €183 billion of assets under management, announces that it has acquired a c. £391 million (c.€470 million) prime UK logistics portfolio, from a joint venture between Goldman Sachs and Canmoor. The transaction has been made on behalf of clients through AXA IM Alts’ market leading […] Posted by: Mya Driver Read more
