Manhattan acquires 5 Fleet Place in London for £190m Apr 4, 2022 Hong Kong-based Manhattan Garments Group has completed the acquisition of 5 Fleet Place, London, EC4 from Poly Global. The value of the transaction is circa £191,000,000, which reflects a net initial yield of around 4%. Manhattan acquired 100% of the shares in the Jersey Company that owns the asset. A part of the Fleet Place […] Posted by: Mya Driver Read more
Weston Homes granted planning for £19m Brentwood scheme Apr 4, 2022 Weston Homes have been granted planning approval by Brentwood Borough Council for their new £19 million (GDV) 0.51-acre development providing 60 mixed tenure apartments, located off Brentwood High Street on Western Road. Construction is set to begin in October 2022, with the sales launch planned for Spring 2023 and build completion anticipated in Summer 2024. The new development will […] Posted by: Mya Driver Read more
Amazon Property launches £250m real estate fund covering multiple sectors Apr 4, 2022 Amazon Property, the leading London investor-developer run by CEO Charles Gourgey and COO Chris Lanitis, has committed, via Amazon Capital (the group’s private equity division), a £250 million real estate fund to invest in joint venture opportunities in the logistics, managed office solution, PBSA, Life Sciences and retirement sectors. Amazon Property built its strong brand […] Posted by: Mya Driver Read more
Acorn Property acquires 12 sites forming £1.2bn development pipeline Apr 4, 2022 Acorn Property Group is on a £390 million (GDV) residential development drive with new sites purchased throughout the South West which will provide 821 homes. This is in addition to further schemes going through the planning process. This follows on from record-breaking sales completions of £158.85 million in 2021: up nearly 250% on the previous […] Posted by: Mya Driver Read more
UKREiiF to influence and inspire the industry’s push towards Net Zero Apr 1, 2022 It’s quickly approaching 6-months since COP26 – and the message was incredibly clear, action was needed and it was needed now. Radical change was highlighted across the industry, from the new to bring more innovation into products and the supply chain, to having more focus on sustainability throughout construction, to the longer term legacy from […] Posted by: Mya Driver Read more
Great Portland Estates splashes £36.5m on London assets Mar 30, 2022 GPE is delighted to announce the acquisition of the long leasehold interest at 7/15 Gresse Street and 12/13 Rathbone Place, W1, for £36.5m (£847psf, 5.6% NIY). The building has been home to the Fashion Retail Academy since 2005, which will remain in occupation until the precise timing for its relocation to a larger new home […] Posted by: Mya Driver Read more
Europe’s largest commercial lab building set for Canary Wharf health and life sciences cluster Mar 30, 2022 Canary Wharf Group (“CWG”) and Kadans Science Partner (“Kadans”) have formed a joint venture to develop a new 750,000 sq ft GIA life-science focused, wet lab enabled building at Canary Wharf in London. The development will be the first phase in the creation of a world leading centre for health and life sciences on the […] Posted by: Mya Driver Read more
Avant Homes acquires 78-acre plot for 600 home development Mar 29, 2022 Yorkshire housebuilder Avant Homes has acquired a 78-acre site in Doncaster, paving the way for a £121m development of up to 600 homes in the village of Edenthorpe. Subject to planning approval from Doncaster Metropolitan Borough Council, the landmark development will feature a mixture of one, two, three and four-bedroom homes across 12 of Avant […] Posted by: Mya Driver Read more
Nuveen enters UK affordable housing sector in partnership with Preferred Homes Mar 29, 2022 Nuveen Real Estate, one of the largest investment managers in the world, has announced its intention to enter the UK Affordable Housing sector on behalf of the TIAA General Account in a joint venture with Preferred Homes Limited (“PHL”), a for-profit Registered Provider of Affordable Housing, supported by Ashbourne Capital Partners (“ACP”), the UK based […] Posted by: Mya Driver Read more
Invest Newcastle at UKREiiF: why us? Mar 28, 2022 Often referred to as the city of opportunity, Newcastle continues to live up to the title as, despite the challenges of the pandemic, the city welcomed a record level of investment over the past two years, creating valuable jobs, driving growth across key sectors, and demonstrating confidence in the future of the North East of […] Posted by: Mya Driver Read more
