Supermarket Income REIT secures 6 sites in £131m deal Sep 20, 2021 Supermarket Income REIT plc , the real estate investment trust providing secure, inflation-protected, long income from grocery property in the UK, announces the acquisition of six supermarkets for a total purchase price of £113.1 million (excluding acquisition costs), reflecting a combined net initial yield of 4.6%. Acquired from different vendors, the purchases consist of a […] Posted by: Mya Driver Read more
Aviva Investors and Netflix partner up to expand film and production facility in Surrey Sep 20, 2021 Aviva Investors, the global asset management business of Aviva plc (‘Aviva’), announces that it has entered a long-term agreement with Netflix, the global entertainment company, to operate and significantly expand the extensive film and production facility at the renowned Longcross Studios complex in Surrey. The partnership, which will see Netflix take a long-term lease at […] Posted by: Mya Driver Read more
Hines strikes forward funding deal with Clowes Developments for logistics site Sep 20, 2021 Hines, the international real estate firm, together with its joint venture investment partner, has committed to forward fund the speculative development of a combined 772,000 square feet of high-quality logistics facilities at four business parks across the East Midlands, owned by national developer, Clowes Developments. The Joint Venture has acquired the freehold of all the […] Posted by: Mya Driver Read more
National Highways announces multi-billion-pound road renewals programme framework Sep 16, 2021 National Highways today announced deals with 50 supply chain partners to carry out up to £3.6 billion worth of renewals to keep England’s motorways and major A roads running safely and smoothly. This work is awarded as part of the government-owned company’s brand new six-year Scheme Delivery Framework (SDF). The framework will enable the delivery of renewals across […] Posted by: Mya Driver Read more
CEG submits plans for £800m Garden Village project Sep 16, 2021 CEG has submitted a planning application to Brentwood Borough Council for a 225.75 hectare site which forms part of the Dunton Hills Garden Village. The application is in outline form to establish the principle of the development with the main accesses from the A128 Tilbury Road. The Garden Village is one of the first 14 […] Posted by: Mya Driver Read more
Weston Homes acquires £33m mixed-use development site from Aitch Group Sep 16, 2021 Leading developer Weston Homes has successfully acquired a 0.6-acre site on Caxton Road, Wood Green, with plans to create a new £33m (GDV) mixed-use residential-led development, benefitting from a host of local amenities and travel connections. Situated just 300 metres from Wood Green Underground Station and in close proximity to a wide range of facilities […] Posted by: Mya Driver Read more
Developer redrafts £1bn city centre masterplan to transform 36-acre site Sep 15, 2021 The developer behind one of the UK’s largest regeneration sites has gone back to the drawing board to redraft the £1bn masterplan ‘to meet the demands of a post-Covid world’. The design teams behind The Island Quarter in Nottingham have changed their plans for the 36-acre site to create more leisure space – enhanced green […] Posted by: Mya Driver Read more
£170m Truro regeneration project set for approval Sep 15, 2021 A £170 million scheme to redevelop a major part of Truro city centre with homes, a university centre, community buildings, hotel, restaurants and shops will go before councillors for a decision – with planning officers recommending the scheme for approval. Cornwall Council has submitted the outline planning application for the Pydar Regeneration Scheme which would […] Posted by: Mya Driver Read more
UK Commercial Property REIT acquires retail park in £33m deal Sep 15, 2021 UK Commercial Property REIT Ltd, which is managed and advised by Aberdeen Standard Investments and owns a diversified portfolio of high quality income-producing UK commercial property, announces that it has acquired Trafford Retail Park, near Manchester, from Peel L&P for £33 million. Constructed in 1999, the c. 12 acre site comprises approximately 143,000 sq ft […] Posted by: Mya Driver Read more
Valor acquires Birmingham warehouse as they continue UK growth strategy Sep 15, 2021 Valor Real Estate Partners, the pan-European urban logistics platform, has completed the acquisition of its first asset in Birmingham, as it looks to expand its footprint across key regional cities. Having amassed a c.£1bn UK portfolio predominantly focused in London, Valor is looking to selectively expand its regional footprint as it seeks to double the […] Posted by: Mya Driver Read more
