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
Tarmac announced as UKREiiF Net Zero Partner Jan 24, 2022 At the inaugural UKREiiF event in Leeds between 17 and 19 May 2022, Tarmac will headline the Net Zero Demonstration Stage Tarmac, the UK’s leading sustainable building materials and construction solutions business, has been confirmed as a Net Zero Partner for the UK’s Real Estate Investment and Infrastructure Forum’s (UKREiiF) inaugural event. The company is […] Posted by: Mya Driver Read more
Columbia Threadneedle acquires Midlands distribution centre Jan 21, 2022 Midlands-based property investor Colmore Capital has successfully sold its 33,615 sq ft distribution unit Swift 34 in Rugby to institutional buyer, Columbia Threadneedle. The unit was sold in December 2021, taking under a month from initial marketing to exchange. The initial asking price of £4.6m represented a net initial yield of 5.2%. The distribution unit, […] Posted by: Mya Driver Read more
Unbranded Finance funding unlocks Glasgow aparthotel scheme Jan 21, 2022 Unbranded Finance has kicked off 2022 by completing a £2.5 million bridging loan on behalf of Courie Investments Limited, secured against a prime Glasgow City Centre office building with planning permission for a 113-room aparthotel at 249 West George Street, on the corner of Blythswood Square. The 24-month loan will be used as a holding […] Posted by: Mya Driver Read more
Lambeth Pension Fund Announces 2040 Net Zero Target for £2bn fund Jan 21, 2022 At a meeting held on earlier this month, The Lambeth Pensions Committee voted unanimously to adopt a 2040 net zero target for the £1.9bn Lambeth Pension Fund. The Lambeth Fund continues to lead the way amongst local government pension funds in the fight against climate change, and over the past two years has worked to […] Posted by: Mya Driver Read more
Harworth secures planning for 110,000 sq ft of industrial & logistics space to begin Phase 2 of Gateway 36 Jan 20, 2022 UKREiiF sponsor Harworth Group plc, a leading regenerator of land and property for sustainable development and investment, is pleased to announce that it has secured planning for 110,000 sq ft of industrial & logistics space as part of Phase 2 of its Gateway 36 development in Barnsley, South Yorkshire. The next phase of the scheme […] Posted by: Mya Driver Read more
Fusion21 announces suppliers appointed to £750m decarbonisation framework Jan 20, 2022 Procurement organisation and social enterprise Fusion21 has announced the suppliers successfully appointed to its national Decarbonisation Framework worth up to £750 million over a four-year period. A total of 50 specialist firms – both SMEs and multinational organisations, have secured a place on the framework, designed to meet the needs of public sector organisations – […] Posted by: Mya Driver Read more
CEG and housebuilder consortium get to work on 4,500 Thorpebury development Jan 19, 2022 A housebuilding consortium comprising Davidsons Homes, William Davis Homes and David Wilson Homes has now broken ground on the first phase of 574 homes, open space and infrastructure at the Thorpebury development to the North-East of Leicester. Developer CEG, the landowner and the consortium exchanged contracts earlier this year to bring forward much-needed homes, including […] Posted by: Mya Driver Read more
Crest Nicholson strikes £120m PRS deal with Oaktree Jan 19, 2022 Award-winning developer Crest Nicholson has announced its biggest Private Rental Sector (PRS) deal, worth £120m, with funds managed by leading global investment management firm, Oaktree Capital Management, L.P. (“Oaktree”) and CompassRock International (“CompassRock”). The transaction involves the sale of 403 units across three key developments in Southern England, offering high quality private rental units to […] Posted by: Mya Driver Read more
CBRE completes acquisition of warehouse from Telereal Trillium Jan 18, 2022 A warehouse in Warrington which was formerly used as a BT call centre has been acquired, with the new owner set to enhance the site’s environmental credentials. CBRE Investment Management has simultaneously exchanged and completed the acquisition of the freehold of an industrial site at 110 Europa Boulevard from Telereal Trillium. The 8.5-acre site is […] Posted by: Mya Driver Read more
