Sirius Real Estate announces acquisition of BizSpace Group Nov 16, 2021 Further to its announcements of 8 November 2021, Sirius Real Estate, the leading owner and operator of branded business and industrial parks providing conventional space and flexible workspace in Germany, is pleased to announce that it has now completed the acquisition of Helix Investments Limited, the holding company of the BizSpace business, for a cash […] Posted by: Mya Driver Read more
Shell announces plan to move HQ to the UK Nov 15, 2021 Shell has announced plans to move it’s headquarters from the Netherlands to the UK as part of proposals to simplify the company’s structure. It also wants to do away with its dual share structure in favour of just one class of shares to boost “the speed and flexibility” of shareholder payouts. The move will see […] Posted by: Mya Driver Read more
Swan Group announces their largest ever Scotland mixed-use scheme Nov 15, 2021 Swan Group will deliver in excess of 750 new homes, its biggest development yet. The company has also purchased the adjacent Anderson land holding bringing the overall masterplan area to around 146-acres. Swan Group has also secured substantial funding to complete the extensive infrastructure works, which will support the new community, including roads within the development and […] Posted by: Mya Driver Read more
Urban Logistics REIT looks to raise further £200m Nov 15, 2021 The £735.7m Urban Logistics investment trust is looking to raise £200m through an equity issue and is applying to be admitted to the premium segment of the London Stock Exchange (LSE). The trust, which is focused on industrial and logistic properties, will fundraise through initial placing, offer for subscription and intermediaries offer. The issue price […] Posted by: Mya Driver Read more
Aviva Investors appoints Ben Sanderson as Managing Director – Real Estate Nov 15, 2021 Aviva Investors, the global asset management business of Aviva plc, today announces the appointment of Ben Sanderson as Managing Director, Real Estate. Ben will join Aviva Investors in January 2022 with responsibility for the direct real estate business. He will report to Daniel McHugh, Chief Investment Officer, Real Assets, and join the Real Assets Senior […] Posted by: Mya Driver Read more
Chancerygate and Bridges Fund Management JV submit plans for urban logistics project Nov 15, 2021 A joint venture (JV) between industrial developer Chancerygate and specialist investor Bridges Fund Management has submitted plans to speculatively build 67,975 sq ft of Grade A urban logistics space on a 2.78-acre site at Red Lion Road Business Park in Tolworth. Th JV intends to develop an industrial scheme comprising nine units ranging from 4,467 […] Posted by: Mya Driver Read more
ASK provides £10.5m loan facility secured against a prime freehold office building in Solihull Nov 15, 2021 Real estate funding specialist ASK – an attendee at UKREiiF’s annual event – has provided a £10.5m senior loan facility on a 30-month term, secured against a 1.65-acre site which includes a three storey, c.70,000 sq ft office building in central Solihull, currently let to the National Grid. The borrower, managed by the privately-owned […] Posted by: Mya Driver Read more
LondonMetric announces £136m swoop of two logistics warehouses Nov 15, 2021 LondonMetric announces the acquisition of two logistics warehouses for £135.6 million in separate transactions, reflecting a blended NIY of 4.2% and a reversionary yield of 4.8%. The properties generate a rent of £6.0 million p.a. with 100% of the income benefiting from RPI linked rent reviews. The warehouses have a WAULT of 22 years and […] Posted by: Mya Driver Read more
Hill Group Chosen to Deliver Hendon Regeneration Nov 12, 2021 Housing association Metropolitan Thames Valley Housing (MTVH) has appointed award-winning developer the Hill Group to deliver the regeneration of Westhorpe Gardens and Mills Grove Estate in Hendon. Working in partnership over the next five years, Hill and MTVH will build over 250 new homes to replace the current housing built during the 1960s. The new […] Posted by: Mya Driver Read more
Planning approval for Kellen Homes’ first project Nov 12, 2021 New North West housebuilder, Kellen Homes has been granted planning permission for its first development, on the former site of the Vernon Works mill in Royton, Oldham, Greater Manchester. Founded in 2020, Kellen homes is creating homes for everyone. The business is focussed on providing mixed tenure communities utilising sustainable build methods. The 2.26-hectare site […] Posted by: Mya Driver Read more
