AEW swoops for two distribution warehouses Dec 13, 2021 AEW UK Real Return Fund (AEW) – a UKREiiF attendee – has bought two wholesale warehouses, in Barnsley and Leicester, in an £8m deal. The sites are let to Booker, the UK’s largest food wholesale operator. The Leicester unit stretches to 55,634 sq ft, while the Barnsley facility coverage almost 87,000 sq ft. Edward Long, […] Posted by: Mya Driver Read more
Hill secures planning for £85m Cambridge development Dec 13, 2021 Award-winning housebuilder, The Hill Group and its joint venture partner Marshall have secured full Reserved Matters planning for the second phase of the landmark Marleigh development, which will deliver a further 421 new mixed-tenure homes alongside a variety of new public spaces. This new phase will run in conjunction with the current phase of the […] Posted by: Mya Driver Read more
Octopus Real Estate provides £27m loan to refinance Exeter office campus Dec 13, 2021 Octopus Real Estate, part of Octopus Group and a leading UK specialist real estate lender and investor, has completed a £27 million loan secured on a 170,000sq ft office scheme in Exeter. The loan has refinanced Winslade Park and will provide additional funds to the borrower as they deliver the refurbishment and letting of further […] Posted by: Mya Driver Read more
Historic Birmingham building set for transformation Dec 9, 2021 Solihull based property developer BPG has been granted planning permission to redevelop the Chamberlain Buildings in Birmingham city centre. The Grade II listed building situated across from Aston University is to be converted into 205 student rooms. BPG has worked with the current owner Birmingham City Council to repurpose the site, previously used as offices, […] Posted by: Mya Driver Read more
Conygar set to acquire 15-acre Bristol site Dec 9, 2021 The Conygar Investment Company PLC has announced today that it has entered into a non-binding exclusivity agreement with Wholesale Fruit Centre (Bristol) Limited regarding the potential acquisition of a 14.7 acres development at the Bristol Fruitmarket Site in the St Philips Marsh area of Bristol, one mile to the east of Bristol Temple Meads. The initial […] Posted by: Mya Driver Read more
Hill Group completed £220m group portfolio refinance Dec 9, 2021 The Hill Group, the UK’s second-largest privately-owned housebuilder has completed the full refinancing of their group portfolio in the first major sustainability-linked loan (SLL) valued at £220m, maturing in 2026. As the group’s main source of debt funding for the delivery of its private development pipeline, this revolving credit facility was last renewed in December […] Posted by: Mya Driver Read more
Urban Group gets green light for 300-bed PBSA project Dec 9, 2021 Planning permission has been granted for a major new student accommodation scheme in Nottingham’s Southside Regeneration Area, on Traffic Street, that will offer a total of 297 bedrooms. The site is currently occupied by a parking area and two industrial units that will be demolished to make way for the development. Planning Permission was secured […] Posted by: Mya Driver Read more
NFU Mutual acquires North West warehouse from Aprirose Dec 9, 2021 Aprirose, the real estate investment company, has sold the 127,000 sq ft warehouse at Haydock Industrial Estate, on the M6 between Liverpool and Manchester, it acquired earlier this year. Having agreed the forward purchase of the new prime Grade A unit, on which logistics operator Law Distribution have signed a 15-year lease, Aprirose has taken the opportunity to […] Posted by: Mya Driver Read more
Property developer looks to expand residential offering and acquire new sites Dec 8, 2021 UK based property developer Life Less Ordinary are looking to expand their development portfolio by acquiring a series of new build development opportunities in key areas across London. The developer, who have designed and developed over 350 new homes via converting empty office buildings into attractive residential developments are looking to deliver more much needed housing in […] Posted by: Mya Driver Read more
Investors pour £2.2bn into Central London offices since end of Q3 Dec 8, 2021 Investment flows into the Central London office market has hit £2.2bn since the beginning of October, according to the latest research from Knight Frank. London’s higher yielding office assets relative to Europe’s gateway cities continued to attract global capital. US investors were the most active, responsible for 47% of investment deals (£1bn), followed by UK […] Posted by: Mya Driver Read more
