LondonMetric spends £35m on three urban logistics warehouses Sep 7, 2021 LondonMetric Property has announced the acquisition of three urban logistics warehouses for £35.4 million in separate transactions, reflecting a blended NIY of 4.4% and a reversionary yield of 4.9%. The properties generate a rent of £1.7 million p.a. with 83% of the income benefiting from RPI or CPI linked rent review. The warehouses have a […] Posted by: Mya Driver Read more
Housing firm Stonewater announces £250m sustainability bond to help deliver 6,250 new homes Sep 6, 2021 Leading housing provider, Stonewater, has successfully issued a £250m sustainability bond that will support its plans to deliver 6,250 homes by March 2024. The sustainability bond, which was issued using Stonewater’s newly established Note Programme and is ESG-accredited, will also help meet other key targets and strategies to reduce net carbon emissions and support Stonewater’s […] Posted by: Mya Driver Read more
Pocket Living enters first deal of its kind with Barclays and Housing Growth Partnership Sep 6, 2021 Innovative affordable housing developer Pocket Living has structured a deal with two new funding partners, Barclays and Housing Growth Partnership (‘HGP’), to fund its latest affordable housing development in Waltham Forest. The partners will be supporting Pocket in the delivery of 90 one-bedroom discounted homes at its Forest Road development in Walthamstow, which is scheduled […] Posted by: Mya Driver Read more
Vedra Partners and JCB hier team up for £1bn investment fund Sep 6, 2021 JCB heir Jo Bamford has launched a hydrogen investment fund which has set its sights on raising £1 billion. The green entrepreneur – who is the son of JCB chairman Lord Bamford – has joined forces with multi-family office Vedra Partners to launch HYCAP. The capital, which already stands at more than £200 million after the first round of […] Posted by: Mya Driver Read more
Goldman Sachs announces new £3.6bn division focused on alternative investment Sep 6, 2021 Goldman Sachs has announced plans for a new company – spun out of their Petershill Partners division which specialises in buying stakes in alternative asset managers. The new company will be operated by the Goldman Sachs Asset Management team and will have an independent board. Naguib Kheraj, Non-executive Chair of Petershill Partners, said: “through Petershill Partners, investors would benefit from the expertise of […] Posted by: Mya Driver Read more
Watkin Jones strikes forward sale deal on their first co-living scheme Sep 6, 2021 Watkin Jones has announced the exchange of contracts for the sale of its first fully co-living scheme, on Gladstone Road in Exeter. The scheme will offer 133 studio homes and is being sold on a forward funding basis to Ropemaker Properties Limited, the real estate arm of BP’s pension fund, for circa £16.9 million. The […] Posted by: Mya Driver Read more
Chancerygate acquires Essex site, with £11m industrial scheme planned Sep 6, 2021 Developer Chancerygate has acquired a former 2 Sisters Food Group site in Witham, Essex, to speculatively build around 58,000 sq ft of Grade A industrial and warehousing space. Subject to planning, the 2.49-acre development will comprise ten freehold units ranging from 4,166 sq ft to 7,427 sq ft and will have a gross development value […] Posted by: Mya Driver Read more
BP Pension Fund acquires four warehouse units in £26m deal with Tungsten Properties Sep 6, 2021 Tungsten Properties, one of the UK’s leading mid-box industrial and warehouse developers, has sold units 1 to 4 at its new warehouse and industrial project at Downs Road in Witney, Oxfordshire, to Ropemaker Properties, part of BP Pension Fund, in an off-market transaction for £26 million. Units 1-4 total 195,000 sq ft and are part […] Posted by: Mya Driver Read more
Faithful+Gould and ATKINS to run Building Better Communities Pavilion at UKREiiF Sep 3, 2021 UKREiiF (The UK’s Real Estate Investment and Infrastructure Forum), whose Advisory Group is Chaired by Lord Kerslake, brings together the public and private sectors to support the ambition for the UK to Build Back Better. Faithful+Gould, the world-leading project and programme management consultancy and Atkins, the UK-headquartered multinational engineering, design, planning, architectural design, project management […] Posted by: Nathan Spencer Read more
Developer Cordia Blackswan announces five new appointments Sep 2, 2021 Birmingham-based property developer, Cordia Blackswan, has strengthened its team with five new appointments to support their placemaking-led development ethos. The new hires will play a key role in the delivery of the company’s current and future projects across the city, creating over 2000 homes and a range of office and retail spaces. Andras Karpati has […] Posted by: Mya Driver Read more
