Plans for game-changing science innovation and research centre on the Isle of Man Feb 15, 2022 Leading regeneration and clean energy specialist Peel NRE, has announced ambitious proposals for a science innovation and research centre (SIRC), sustainable energy park and medicinal cannabis facility on land at Cooil Road, Braddan, Isle of Man. The proposals which follow a recent change in the legislation of cannabis production and exportation on the Isle of […] Posted by: Mya Driver Read more
Two ‘Green Freeports’ set to be created in Scotland Feb 14, 2022 The Scottish and UK governments have agreed to establish two green freeports in Scotland. The special economic zones, offering tax breaks and lower business tariffs, are being promoted by the UK government as part of its “levelling-up” agenda. The deal comes as Prime Minister Boris Johnson visits Scotland on Monday. A bidding process will begin […] Posted by: Mya Driver Read more
PIC makes first social housing investment in Northern Ireland Feb 14, 2022 Pension Insurance Corporation has made its first social housing investment in Northern Ireland via Apex Housing Association. The specialist insurer of defined benefit pension funds said it has made a £100m (€116m) debt investment with Apex to help the housing association develop 1500 new homes as well as to refinance existing debt. Apex – the third-largest […] Posted by: Mya Driver Read more
Harris family and Kings Park Capital acquire The Inn Collection Group Feb 14, 2022 Leading pubs with rooms operator The Inn Collection Group has been acquired by a new company backed by The Harris Family Trusts together with Kings Park Capital. Alchemy initially invested in ICG in 2018 when it comprised seven sites in the North East of England. Since then, Alchemy has proactively supported ICG Group Managing Director […] Posted by: Mya Driver Read more
LXi REIT secured nine acquisitions in £87m deal Feb 14, 2022 The Board of LXi REIT plc (ticker: LXI), the specialist inflation-protected long income REIT, is pleased to announce the following nine acquisitions, funded by its recent £250 million equity capital raise (the “Capital Raise”). The acquisitions, which have been transacted predominantly on an off-market basis with seven different vendors/developers, total £87 million and reflect an […] Posted by: Mya Driver Read more
Avison Young releases Big Box review of industrial market Feb 14, 2022 The latest Big Box research by Avison Young confirms that continued high levels of demand for e-commerce facilities have driven occupational activity to reach record levels for large grade A warehouses. For the third consecutive year, take-up has increased, compared to the previous year, totalling 49 million sq ft, 57% up on the five-year average. […] Posted by: Mya Driver Read more
Aviva Investors’ Lime Property Fund acquires Bath based student accommodation Feb 14, 2022 Aviva Investors, the global asset management business of Aviva plc (‘Aviva’) announces it has completed the purchase of a purpose-built student accommodation (PBSA) in Bath on behalf of the Lime Property Fund (‘Lime’ or ‘the Fund’), acquiring Green Park House from Bath Spa University. As part of the transaction, the Fund has simultaneously entered into […] Posted by: Mya Driver Read more
Alternative Credit Fund launched by London CIV Feb 10, 2022 UKREiiF attendee London CIV has announced the launch of its Alternative Credit Fund. The Sub-fund was launched this month with three seed investors. Initial Assets Under Management (“AuM”) for the Sub-fund is £398m. The Sub-fund’s objective is to seek a return of SONIA +4.5%, net of fees, which it is expected to achieve by investing […] Posted by: Mya Driver Read more
£4bn invested into UK hotels sector in 2021 Feb 10, 2022 The UK hotel market saw investment volumes reach an impressive £4 billion in 2021, representing the growing investor optimism over the long-term prospects for the sector, according to the latest UK Hotel Capital Markets: Investment Review 2022 by leading global property adviser Knight Frank – who are exhibiting at UKREiiF. Despite the disruptive implications of […] Posted by: Mya Driver Read more
LondonMetric acquires £16m Luton urban logistics warehouse Feb 9, 2022 LondonMetric Property Plc (“LondonMetric”) announces the acquisition of an urban logistics warehouse in Luton from Marcol Industrial Investments for £15.5 million. The 168,000 sq ft property is located on Luton Enterprise Park, close to Luton town centre and J11A of the M1. It is let to two occupiers with a WAULT of three years. The […] Posted by: Mya Driver Read more
