Unite acquires a 270-bed consented development site in Nottingham Jan 24, 2022 Unite Group PLC – an attendee at UKREiiF – has acquired a consented 270-bed development site in Nottingham City Centre. The Bristol, England-based owner, manager and developer of student accommodation expects to spend GBP34 million developing the site, which will open for the 2024-25 academic year. It expects the yield on cost to be 7%. […] Posted by: Mya Driver Read more
Spitfire Housing secures land to develop 1,100 new homes Jan 24, 2022 A major new neighbourhood of up to 1,100 homes, a primary school and community & retail space is coming to Daventry, after the site was acquired by Spitfire Homes in partnership with Crest Nicholson. Located on the western edge of Daventry, the 50-hectare development already has outline planning permission for up to 1,100 new homes, […] Posted by: Mya Driver Read more
Landsec plan new £825m urban neighbourhood in Glasgow Jan 24, 2022 Glasgow’s Buchanan Galleries is set to be demolished, making way for a new exciting £825m mixed-use urban neighbourhood. Proposals by Landsec include a transformational development including homes, retail, restaurants and office space. The development company said its vision, developed after conversations with Glasgow City Council, is a response to the disruption facing retail, which has […] Posted by: Mya Driver Read more
Précis Capital and Carlyle form Partnership to finance £250m to Moda Living Jan 24, 2022 The partnership between Précis Capital and Carlyle will finance development loans in the residential asset class, where the acute long-term structural undersupply within the UK’s housing market continues to present compelling investment opportunities, and has already completed its first two loans, with a cumulative value of over £330 million The facility will be used to […] Posted by: Mya Driver Read more
Alpha Real Capital acquires £86m energy portfolio Jan 24, 2022 Real assets investment manager Alpha Real Capital has acquired Innova Energy, which has a solar energy portfolio totalling almost 62MW in the UK. The 17 PV projects, valued at £86m, are located across the UK and include extension and expansion rights. They generate about 540 gigawatt-hours of electricity a year, equivalent to powering 186,000 homes. […] Posted by: Mya Driver Read more
IPSX appoints Roger Clarke as Group Chief Executive Jan 24, 2022 IPSX Group Limited (“IPSX Group), which, through its wholly owned subsidiary IPSX UK Limited (“IPSX UK”) operates the world’s first regulated securities exchange dedicated to commercial property and real assets – collectively IPSX – announces two new senior leadership appointments as it embarks on the next phase of its delivery and prepares for the increased […] Posted by: Mya Driver Read more
Hines to launch new open-ended European real estate fund Jan 24, 2022 Hines, the international real estate firm, is set to launch Hines European Property Partners (HEPP), its new diversified, open-ended core-plus fund focused on key European markets. Jorge Duarte, who joins Hines from Barings, has been appointed as Fund Manager. HEPP will leverage Hines’ expertise and boots on the ground presence in 16 offices across Europe […] Posted by: Mya Driver Read more
AXA IM Alts appoints Rob Samuel as UK Head of Development Jan 24, 2022 AXA IM Alts, a global leader in alternative investments with c. €168 billion of assets under management[1], announces the appointment of Rob Samuel as UK Head of Development. Based in London, Rob will manage the full breadth of AXA IM Alts’ UK multi-sector development programme. Rob joins AXA IM Alts effective immediately and will report […] Posted by: Mya Driver Read more
Bill to extend HS2 to Manchester handed to parliament Jan 24, 2022 The prospect of high-speed journeys adding extra capacity into the rail network, and helping to close the distances between towns and cities in the Midlands and North, took a giant leap forward today (24 January 2022) as the Bill for the Crewe–Manchester extension of the HS2 network was submitted to Parliament. The Bill sets out […] Posted by: Mya Driver Read more
SREF partners with IED to acquire £162m Romford retail warehouse and leisure scheme Jan 24, 2022 The Schroder UK Real Estate Fund (SREF) has announced it has partnered with Zurich Investment Foundation Immobilien Europa Direkt (‘IED’, a Schroders Capital managed, pan-European strategy) to acquire “The Brewery”, a prime supermarket anchored, retail warehouse and leisure scheme in Romford, Greater London for £162 million in a 50:50 joint venture. The Brewery comprises a […] Posted by: Mya Driver Read more
