McKay Securities purchases Grade-A office in £15m deal Oct 11, 2021 McKay Securities Plc, the only UK REIT specialising entirely in the South East and London office, industrial and logistics markets, announces the acquisition of Evergreen Studios, a fully refurbished office asset in central Richmond, for £14.75 million, representing a net initial yield of 5.8% The property was sourced off-market from Sheen Lane Developments, which has […] Posted by: Mya Driver Read more
Henderson Park to acquire 12 Hilton hotels across the UK and Ireland Oct 11, 2021 Henderson Park, the European real estate investment platform, has exchanged contracts on the acquisition of a portfolio of 12 predominantly freehold Hilton branded hotels across the UK and Ireland, strategically located in key cities including London, Edinburgh, Glasgow and Dublin. The transaction is expected to close later this year. The 2,424 key portfolio is a […] Posted by: Mya Driver Read more
AHTO appoints new Managing Director to lead £1bn expansion drive Oct 11, 2021 AHTO Group (Affordable Homes to Own) has appointed Linda Robinson, previously Development Director at The Guinness Partnership (TGP), as the new Managing Director of AHTO to help lead their £1 billion investment drive in the Intermediate Rent-to-Buy housing sector and build partnerships with Housing Associations (HAs), local authorities and UK housebuilders. Linda has over 25 […] Posted by: Mya Driver Read more
Albion Land submits plans for business park expansion Oct 8, 2021 More high-value jobs could be coming to Bicester as plans for the third and final phase of the Axis J9 business park on Middleton Stoney Road are submitted to Cherwell District Council. Albion Land, the developers of Axis J9, are specifically aiming to provide space for dynamic young businesses who want to be in Bicester […] Posted by: Mya Driver Read more
Oxenwood and AIMCo acquire West London retail park for £50m Oct 7, 2021 Oxenwood Real Estate, the UK and European real estate investment management firm, and its joint venture partner, Alberta Investment Management Corporation (AIMCo), on behalf of certain of its clients, have acquired Hayes Bridge Retail Park in west London for £50 million. The 7.8-acre retail park on Uxbridge Road, six minutes from junction 3 of the […] Posted by: Mya Driver Read more
Silbury Finance provides £55m development loan for UK Retirement Living Fund Oct 7, 2021 Silbury Finance, the development lender backed by Oaktree Capital Management, has provided the UK Retirement Living Fund, which is managed by Schroders Capital and advised by Octopus Real Estate, with a £55 million senior loan to fund the development of a luxury retirement village. The 103-apartment scheme in Berkhamsted, Hertfordshire, is a JV between ReLF […] Posted by: Mya Driver Read more
Kao Data secures £130m to fund datacentre expansion across UK Oct 6, 2021 Harlow-based colocation provider Kao Data has secured up to £130m in additional funding as it sets it sights on expanding its operations after securing a sizeable financial services client. The company, whose datacentre campus in Essex is home to the UK’s fastest supercomputer, Cambridge-1, has signed a deal with infrastructure investment company Infratil that will result […] Posted by: Mya Driver Read more
Cambridge Norwich Tech Corridor supporting UK’s economic fightback Oct 6, 2021 Key assets in the Cambridge Norwich Tech Corridor are helping to strengthen the UK’s economy at a critical time, business leaders and politicians have told a major conference in Manchester. These include its proximity to global logistics gateways like Freeport East at Felixstowe and its hosting of world-leading science and MedTech clusters, which have played […] Posted by: Mya Driver Read more
BMO extends logistics and retail warehousing exposure with two acquisitions for £19.4 million Oct 6, 2021 BMO Real Estate Partners, the pan-European property investment and asset management arm of BMO Global Asset Management, has concluded the off-market acquisition of two freehold assets for a combined price of £19.4m, with an accretive combined yield, on behalf of BMO Real Estate Investments Limited (BREI). The acquisitions represent the successful delivery of the key […] Posted by: Mya Driver Read more
Investec and Galliard Homes agree £18m deal for office to resi conversion Oct 6, 2021 Investec Real Estate announces that it has provided Galliard Homes, the leading South East focused residential property developer, with an £18 million senior facility to fund the development of a 109-unit residential scheme at Newacre House, in East Grinstead, West Sussex. The 27-month loan will enable Galliard to convert two of the five interconnecting, multi-storey […] Posted by: Mya Driver Read more
