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
PIC announces further £80m investment into urban regeneration Feb 9, 2022 UKREiiF attendee Pension Insurance Corporation plc (‘PIC’), a specialist insurer of defined benefit pension schemes, has agreed to fund and acquire a key centrally located development in Milton Keynes for its third Build-to-Rent project. The £80 million redevelopment of a brownfield site will provide 306 new residential apartments, 43 of which will be affordable housing. […] Posted by: Mya Driver Read more
Aprirose expand hotel and leisure portfolio with strategic acquisition Feb 9, 2022 Aprirose, the real estate investment company, has added to its growing portfolio of hotel and leisure assets with the acquisition of Selsdon Park Hotel in Surrey from De Vere Hotels for an undisclosed price. The 200-acre parkland estate, set on the fringes of the Surrey countryside but just 12 miles from London, currently incorporates a […] Posted by: Mya Driver Read more
Landsec submits plans for the O2 Masterplan site to Camden council Feb 8, 2022 Landsec has submitted a major planning application for the O2 Centre Masterplan Site as it looks to grow its mixed-use urban neighbourhood portfolio. The proposal, which was submitted to the London Borough of Camden, will see the site transform into a landscape led development that will connect the communities of Finchley Road and West End […] Posted by: Mya Driver Read more
Greystar acquires the Crown Trading Estate in Hayes for £26.5m Feb 8, 2022 Greystar Real Estate Partners, LLC (“Greystar”), a global leader in the investment, development, and management of high-quality rental housing, has acquired the Crown Trading Estate in Hayes, west London for £26.5 million in an off-market transaction for a managed fund. Greystar plans to develop 407 purpose-designed apartments (318 build to rent and 89 affordable) for […] Posted by: Mya Driver Read more
