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
Plans revealed for £200m business park in Teesside Feb 8, 2022 Details have been unveiled for a £200 million business park set to be built on the south side of Teesside Airport. The first phase will see the creation of four new units along a new through road, with construction due to begin within weeks. The business park is expected to create up to 4,400 jobs when […] Posted by: Mya Driver Read more
L&G buys six UK industrial estates from CBRE Investment Management Feb 8, 2022 Legal & General (L&G) has acquired a portfolio of six UK industrial estates from CBRE Investment Management for an undisclosed amount. CBRE Investment Management, which sold the Porto Portfolio on behalf of a separate account client, said the 403,087sqft portfolio comprises multi-let industrial estates located in Oxford, Maidstone, Southampton, Huntingdon, Bristol and Gloucester. Richard Dean, the […] Posted by: Mya Driver Read more
Cain and Fusion form £1.5bn PBSA joint venture Feb 8, 2022 Cain International (‘Cain’), the privately held investment firm operating in the United States and Europe, has established a new joint venture with leading student accommodation developer, Fusion Students (‘Fusion’), to invest in Purpose Built Student Accommodation (‘PBSA’) across popular UK university cities. The joint venture partners already have assets under exclusivity in Portsmouth, Liverpool, Manchester, […] Posted by: Mya Driver Read more
Town centre regeneration experts RivingtonHark join UKREiiF line-up Feb 8, 2022 RivingtonHark’s Executive Director Mark Williams has been announced as a headline speaker at UKREiiF – a three-day event which will bring together thousands of delegates comprising of investors, funders and developers who are all looking for new opportunities across the UK. Williams is set to speak on a discussion about the ‘Future of Retail and […] Posted by: Mya Driver Read more
First World Hybrid Real Estate snaps up suburban retail park in £12m deal Feb 8, 2022 FWHRE, an Isle of Man Regulated Fund, listed on The International Stock Exchange (TISE), has completed the acquisition of units 1A and 1B, West Retail Park in the affluent residential suburb of Milngavie, just north of Glasgow. The two units are let to Aldi and Home Bargains until June 2039 and June 2034 respectively. The […] Posted by: Mya Driver Read more
Grainger and TfL partnership get green light for residential led scheme Feb 7, 2022 Connected Living London (CLL) – the formal partnership between Grainger plc and Transport for London (TfL) – has been given the green light by Enfield Council to bring forward its new development by Cockfosters London Underground station, subject to conditions. The 1.36 hectare development will deliver 351 new rental homes, including 40 per cent affordable […] Posted by: Mya Driver Read more
