AIPUT doubles down on investment with acquisition of the Fleming Business Centre in the heart of the Gatwick airport ecosystem Oct 12, 2021 AIPUT (Airport Industrial Property Unit Trust) managed by abrdn, has completed the freehold acquisition of the multi-let Fleming Business Centre, located in the heart of Manor Royal, Crawley, to the south of Gatwick Airport. The freehold site (4.5 acres) was acquired from Lothbury Investment Management for £22.4m at a yield of 4.2%. This latest acquisition […] Posted by: Mya Driver Read more
Inox Property Group sells 157-acres to enable garden village project Oct 12, 2021 RoundShield has announced that it has recently supported its borrower, Inox Property Group, in the sale of 157 acres of land to Cornwall Council to facilitate the development of around 1,550 homes as part of the proposed Langarth Garden Village in Truro. The development, which is in the process of securing detailed planning approval, is […] Posted by: Mya Driver Read more
Investec Real Estate private client team take total commitments past £1bn Oct 12, 2021 Investec Real Estate, a leading provider of residential and commercial finance to corporate, institutional and private clients, announces that its private client lending team has provided of over £225 million of finance, across 25 loans, since 1 April 2021. It takes the total committed loan facilities past £1 billion. The strong performance, which alongside the […] Posted by: Mya Driver Read more
United Trust Bank provides £10m regeneration Oct 12, 2021 United Trust Bank (UTB) have provided a £10 million investment into Yellow Brick Estates new Kensal Views development. The development facility has been announced as construction at Kensal Views is underway, with practical completion of the scheme set for late Q3 2022. The development is located on Goodhall Street in the heart of the Kensal Green regeneration area. Kensal Views is set to provide […] Posted by: Mya Driver Read more
Hines names new European Head of ESG Oct 12, 2021 Hines, the international real estate firm, has appointed Daniel Chang as Head of Environmental, Social & Governance (ESG) for Europe. Daniel’s appointment sees the firm strengthen its longstanding commitment to ESG, further supporting its holistic ESG approach globally, and will ensure new initiatives focused on addressing carbon emissions and social equity across the built environment […] Posted by: Mya Driver Read more
£110m technology campus planned in Gloucester Oct 11, 2021 Gloucester City Council and Reef Group, the mixed-use regeneration specialist, are targeting the booming digital and cyber-technology industry with the launch of The Forum, a new technology campus in the heart of Gloucester. The £107m project, which is being delivered by Reef Group in a Joint Venture with Gloucester City Council, offers a blueprint for […] Posted by: Mya Driver Read more
Future High Steet Living acquires former Debenhams store for regeneration scheme Oct 11, 2021 Future High Street Living led by Sam Ginda, has acquired a 0.66-acre site in Staines, comprising a basement plus 4-storey vacant department store, formerly occupied by Debenhams. A £9.5m loan for the acquisition was provided by real estate funding specialist, ASK Partners (“ASK”). The site is in Staines, situated west of London and just 3.6 […] Posted by: Mya Driver Read more
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
