Fortunis Capital embarks on major drive with £500m AuM deals Jul 28, 2021 UK venture capital firm Fortunis Capital is embarking on a “major drive” to invest in wealth management businesses. London-based Fortunis is looking at “ambitious wealth managers” across the UK and “is currently closing the first set of deals with a combined £500m ($682m, €580m) in assets under management” (AuM). It aims to have completed its […] Posted by: Nathan Spencer Read more
Aviva Investors strengthen real estate long income team Jul 28, 2021 Aviva Investors, the global asset management arm of Aviva plc, representatives of which will be attending UKREiiF, has today announced the strengthening of its Real Estate Long Income (RELI) team with a double hire. Todor Valevhas been appointed as Assistant Fund Manager of the European Real Estate Long Income Fund (E-RELI), reporting to Renos Booth, […] Posted by: Nathan Spencer Read more
Industrial demand at a peak according to LCP Jul 28, 2021 A flurry of new lettings at one of Europe’s biggest secure industrial and business estates, in the Black Country, is signalling growing confidence in the industrial market. LCP, the national commercial property and investment company, says demand for industrial property is at a peak, with voids at The Pensnett Estate in Kingswinford now under 1% […] Posted by: Nathan Spencer Read more
L51 Developments gets green light for £70m tech hub Jul 27, 2021 L51 Developments has received the green light from Sefton Council to redevelop the former HSBC site into a 180,000 sq ft tech hub. The 5.5-acre site will aim to attract firms working in the robotics and high-tech manufacturing sectors. The refurb, which includes two former HSBC data centres, will include a link between the two […] Posted by: Nathan Spencer Read more
Forth Ports set to submit bid to become a Freeport Jul 27, 2021 It has intimated to the Scottish Government that it will submit a proposal for a Freeport – known as a green port in Scotland – following an invitation from Holyrood for expressions of interest. The Westminster government wants up to 10 free ports around the UK. They allow operators and businesses to benefit from a […] Posted by: Nathan Spencer Read more
Admiral Taverns picks up NewRiver’s pubs in £222m deal Jul 27, 2021 Retail and leisure property investor NewRiver is selling its Hawthorn Leisure community pub business to pub company Admiral Taverns for approximately £222.3m. Admiral boss Chris Jowsey said it was an “exciting” time for the pub brand, despite hospitality’s struggles during the Covid-19 pandemic. The portfolio comprises 674 leased, tenanted and operator-managed community pubs across England, […] Posted by: Nathan Spencer Read more
Pagabo to launch new £1.6bn national framework Jul 27, 2021 National framework provider Pagabo has today, 27 July, issued a prior information notice (PIN) for its brand-new national framework designed for demolition and land preparation works within the built environment, valued at £1.56 billion. The framework will run for four years and will allow local authorities and public sector bodies to procure a range of projects […] Posted by: Nathan Spencer Read more
Chancerygate and Bridges Fund Management JV secures planning for £35m logistics project Jul 27, 2021 A joint venture between industrial developer Chancerygate and sustainable and impact investor Bridges Fund Management has secured planning to build 254,000 sq. ft. of urban logistics space in Coventry. Called Holbrook Business Park, the speculative development will be situated on a 12-acre plot situated off Holbrook Lane and Swallow Road. The scheme has a gross […] Posted by: Nathan Spencer Read more
Pi Labs announces duo of investors for Fund III Jul 27, 2021 Moorfield Group and Elkstone Partners investments highlight growing importance of technology in real estate They join existing LPs including GPE, Patrizia, Assura, Revcap, and Embassy Group, increasing Pi Labs’ war chest for investment into new Proptech start-ups Pioneering European PropTech VC, Pi Labs, announces two new investors who join as limited partners (LPs) into its […] Posted by: Nathan Spencer Read more
Barings acquires Grade A city of London office for £130m Jul 27, 2021 Barings, one of the world’s largest diversified real estate investment managers, announces that it has acquired a Grade A office building in the City of London, United Kingdom, from a German retail real estate fund managed by global real estate manager DWS, for £130.5 million, on behalf of a core investment strategy. Capital House is […] Posted by: Nathan Spencer Read more
