Aldermore providers £15m loan Pickard Properties for PBSA project Jan 10, 2022 Aldermore Bank has provided Carlton Hill Holdings Limited, a subsidiary of the Pickard Properties Group, with a £15.3m loan which will be used to refinance an existing loan and to raise additional capital, to assist in the development of a large student accommodation block in Leeds. The loan is made up of a ten-year, part […] Posted by: Mya Driver Read more
Addleshaw Goddard announced as UKREiiF Partner Jan 10, 2022 At the inaugural UKREiiF event in Leeds between 17-19 May 2022, Addleshaw Goddard will be the event’s official Registration Partner. International law firm Addleshaw Goddard has thrown their weight behind the inaugural UKREiiF event by becoming the official Registration Partner. The partnership will see Addleshaw Goddard, which works with over 3,000 major businesses every year, […] Posted by: Mya Driver Read more
Harworth submits plans for 2.8m sq ft logistics project Jan 7, 2022 UKREiiF sponsor Harworth Group plc, a leading regenerator of land and property for sustainable development and investment, has submitted plans for a total of 2.8 million sq ft of industrial & logistics space at two sites close to Leeds in Yorkshire. The plans comprise up to 2 million sq ft of space at Harworth’s Gascoigne […] Posted by: Mya Driver Read more
JR Capital and Chancerygate’s £100m multi-let industrial property fund makes final 5 acquisitions Jan 5, 2022 JR Capital and Chancerygate’s £100m multi-let industrial property investment fund has acquired five assets for a combined value of more than £16m. The deals mark the conclusion of the fund’s acquisitions boosting its portfolio of industrial space to 24 assets comprising 150 units totalling 1,050,000 sq ft on sites ranging from Dundee to Exeter. The […] Posted by: Mya Driver Read more
Supermarket Income REIT acquires two further grocery stores Jan 5, 2022 UKREiiF attendee Supermarket Income REIT, the real estate investment trust providing secure, inflation-protected, long income from grocery property in the UK, announces the acquisition of two supermarkets, a Sainsbury’s in Washington, Tyne and Wear, and an Asda in Cwmbran, South Wales, for a total purchase price of £55.1 million (excluding acquisition costs), reflecting a combined […] Posted by: Mya Driver Read more
Peel L&P prepares to start work on Trafford Waters Jan 4, 2022 Plans have been submitted for the first phase of infrastructure work at Peel L&P’s Trafford Waters mixed-use development in TraffordCity, Greater Manchester which will see up to 3,000 homes, a primary school and almost 20 acres of new public open space built over the next 15 years. The regeneration business has submitted a reserved matters […] Posted by: Mya Driver Read more
Landsec announces the purchase of an additional 25% stake in Bluewater Dec 22, 2021 Landsec has today announced that it has completed the acquisition of an additional 25% share in Bluewater from Lendlease Retail Partnership for £172m representing a net initial yield of 8.15% and an equivalent yield of 8.25%. In a separate deal, Landsec will sell 25% of this share to co-owner M&G for its pro rata share […] Posted by: Mya Driver Read more
London hotel market recovery set to continue despite Omicron setbacks Dec 22, 2021 For the first time since the start of the pandemic, the performance of London’s hotels was more encouraging than regional hotels across the UK, according to research from Knight Frank, the leading independent global property consultancy. The recovery of the London hotel sector steadily continued throughout October with occupancy rising 2.6% to 48.2%. Knight Frank […] Posted by: Mya Driver Read more
LondonMetric acquires Savills IM Income and Growth Fund for £122m Dec 22, 2021 LondonMetric Property Plc has acquired Savills IM UK Income and Growth Fund in a corporate transaction valued at £122.2 million, reflecting a blended yield on cost of 4.3% and an anticipated reversionary yield of 4.9%. The Fund owns a portfolio of 15 assets across 482,000 sq ft with 75% in urban logistics and the remainder […] Posted by: Mya Driver Read more
UK Commercial Property REIT acquires Precision Park in £94m deal Dec 22, 2021 UK Commercial Property REIT Limited, announces that it has continued to strengthen its significant industrial and logistics portfolio with the circa £94 million acquisition of Precision Park in Leamington Spa, Warwick. This follows the acquisition of three new warehouse units, known as Sussex Junction, which are currently under construction near Gatwick airport via a circa […] Posted by: Mya Driver Read more
