PIC invests £130m into new PBSA for London educational institution Jan 18, 2022 Pension Insurance Corporation plc (“PIC”), a specialist insurer of defined benefit pension funds, has invested £129 million with the London School of Economics and Political Science (“LSE”) to fund the development of a 676-bed student residence in Southwark, London. The newly constructed student accommodation will be located on Glengall Road, Southwark, and provide additional housing […] Posted by: Mya Driver Read more
Industrials REIT completes a further £17m of multi-let industrial acquisitions Jan 18, 2022 Industrials REIT, the UK multi-let industrial (“MLI”) property company, announces that it has completed two MLI acquisitions. The total consideration for the acquisitions is £17.01 million and reflects a blended net initial yield (“NIY”) of 5.8% and an average capital value of £98 per sq ft. These purchases add another 173,000 sq ft of MLI space, and […] Posted by: Mya Driver Read more
Standard Life Trustees swoops for York office space Jan 18, 2022 Helmsley Group has started 2022 with a bang after selling a further part of its The Old Fire Station development in York. Standard Life Trustees, which acquired the ground and mezzanine floors of the office element of the mixed-use development last year, has bought the adjoining commercial unit from Helmsley and its joint venture partner […] Posted by: Mya Driver Read more
Thackeray Group acquires Cardiff building – with £100m transformation planned Jan 17, 2022 The landmark Howells building in Cardiff city centre has a new owner who plans to transform it into a £100m new mixed-use destination. The new owners, the Thackeray Group, aim to turn the building into an aparthotel, build-to-rent apartments, restaurants, shops, leisure offerings and office space. The real estate investment, development and asset management firm, […] Posted by: Mya Driver Read more
EstateGuru hits £415m lending milestone ahead of 2022 UK launch Jan 17, 2022 EstateGuru, the pan-European property investing and financing platform, announced that as of today, it has funded €500m in loans to property and development projects across Europe. The company, founded in Tallinn, Estonia in 2013, officially funded its very first loan in January 2014, hitting the €100M mark after five years, in March 2019. This exponential […] Posted by: Mya Driver Read more
Springfield Properties unveils plans for 1,000 home sustainable community Jan 17, 2022 If approved, the Lingerwood development will see up to 1000 new homes delivered within a cleverly integrated and well connected community. Following extensive consultation with Midlothian Council, local stakeholders and the public, Springfield has refined its proposals to demonstrate how Lingerwood will complement the unique identities of neighbouring Newtongrange and Mayfield. The proposals showcase how […] Posted by: Mya Driver Read more
Palace Capital acquires Maidenhead office building for £10.25m Jan 17, 2022 UKREiiF attendee Palace Capital, the Main Market property investment company that has a diversified portfolio of UK commercial real estate in carefully selected locations outside of London with a focus on the office & industrial sectors, announces that it has acquired 22 Market Street, an office building in the centre of Maidenhead, Berkshire for £10.25 […] Posted by: Mya Driver Read more
BMO Commercial Property Trust increases logistics exposure with £76.5m of investment activity Jan 17, 2022 UKREiiF attendee BMO Commercial Property Trust Ltd (“BCPT”), which is managed by BMO Real Estate Partners (BMO REP), the pan-European property investment and asset management specialist arm of BMO Global Asset Management (EMEA), announces that it has increased the portfolio’s industrial weighting to 29.3% following the acquisition of two high-quality logistics assets in the UK […] Posted by: Mya Driver Read more
Brunswick Property Partners acquires £110 million Euston trophy office asset Jan 17, 2022 Brunswick Property Partners (BPP) has acquired 163-203 Eversholt Street for £110 million for Akoya, its £1 billion London neighbourhood workplace venture. Akoya will reposition The Eversholt, giving the building a new identity, with wellness and sustainability at its heart, creating a unique experience for its occupiers. Located in the heart of the Knowledge Quarter, in […] Posted by: Mya Driver Read more
Allegra Care and Moorfield add 133 beds to partnership through acquisitions in Cambridgeshire and Suffolk Jan 14, 2022 Allegra Care, a UK-focused care home operator, and UKREiiF attendee Moorfield Group, a UK specialist real estate fund manager acting on behalf of Moorfield Real Estate Fund IV (Moorfield), have completed the acquisition of two nursing, dementia and care homes in Cambridgeshire and Suffolk from Alysia Caring, adding a further 133 beds to the partnership’s […] Posted by: Mya Driver Read more
