Prime Minister to host green industries investment summit Mar 29, 2021 The government is hoping to showcase the UK’s green industry credentials at a summit of “some of the world’s leading businesses” this October. Hosted by the Prime Minister and supported by members of the Royal Family, it is expected to attract hundreds of the world’s leading businesses and investment A-listers to London and Windsor Castle, […] Posted by: Mark Flanagan Read more
Huge interest as BentallGreenOak makes European logistics debut Mar 26, 2021 BentallGreenOak’s European Core+ Logistics Fund has attracted €695m in commitments from more than 20 global institutional investors. The Fund, the company’s first entirely dedicated to the European logistics sector, had an initial target of €500m. It will allow BGO to pursue opportunities across the logistics spectrum, including e-commerce, last mile, temperature controlled and distribution assets. […] Posted by: Mark Flanagan Read more
Palace of Westminster restoration offers up £80m in surveyor contracts Mar 26, 2021 Almost £80m in surveyor contracts were made available this week as part of the biggest heritage restoration project ever undertaken in the UK – the £4bn Palace of Westminster upgrade. Firms interested have until May 4th to stake their claim for a place on the framework, which has been structured with eight lots and contracts […] Posted by: Mark Flanagan Read more
Trio of UK logistics sites snapped up by BMO Mar 26, 2021 Canadian investment firm BMO has bought three logistics assets on behalf of a UK segregated mandate client. Warehouses worth £33m have been acquired in Ipswich, Birmingham and South Derbyshire. Following the sale of the Royal Mail distribution centre in Bristol, the transactions form part of BMO’s strategy for its client to diversify out of larger […] Posted by: Mark Flanagan Read more
Lure of real estate still too attractive for institutional investors Mar 26, 2021 Nearly three-quarters of institutional investors plan to expand their real estate portfolios over the next five years according to new research carried out by asset management company Patrizia. The German real estate firm garnered responses from 222 clients and 72% said they were planning to increase real estate investments before 2026 with a focus on […] Posted by: Mark Flanagan Read more
Panattoni promises £700m investment after buying Honda’s Swindon factory Mar 26, 2021 Honda today announced it has sold its iconic Swindon factory to Panattoni, Europe’s largest developer of new build industrial and logistics facilities. The Japanese car manufacturer purchased the site in Wiltshire in 1985 and two years ago announced it was ceasing production there in July, at the end of the current model cycle of the […] Posted by: Mark Flanagan Read more
InfraRed Capital cashes in on last-mile logistics portfolio Mar 25, 2021 InfraRed Capital last night confirmed the £250m sale of its portfolio of last-mile logistics assets in the UK and France to Blackstone real estate funds. The warehouses, comprising 2.2million sqft of space across 50 Anglo-French properties, located mainly in urban locations near Manchester, Liverpool, Leeds and Sheffield, will be incorporated into Mileway, Blackstone’s pan-European last […] Posted by: Mark Flanagan Read more
HS2 hoping to utilise Hinkley workforce Mar 25, 2021 Businesses in Somerset are being encouraged to bid for upcoming HS2 contracts worth millions of pounds. Two days ago HS2 made a similar appeal for Scottish firms to come forward with both regions under represented on the contractors’ roll. And Robin Lapish, HS2 Ltd’s Supply Chain Manager, is hopeful the considerable expertise, contained withing the […] Posted by: Mark Flanagan Read more
Nottingham town centre redevelopment restarting thanks to £12m grants Mar 25, 2021 Nottingham City Council (NCC) has received £12m in funding to pave the way for the restart of its Broadmarsh shopping centre redevelopment. NCC has received £8m from the D2N2’ Local Enterprise Partnership’s Getting Building Fund along with £4m of match funding from the Transforming Cities Fund to complete the demolition phase, which is due to […] Posted by: Mark Flanagan Read more
Investors pile into LondonMetric’s capital-raising debt issue Mar 25, 2021 LondonMetric has raised £380m from Trans-Atlantic institutional investors keen to support the asset management company’s long-term logistics strategy. The private debt, which has a blended maturity of 11.1 years and blended interest rate of 2.27%, was upsized from an initial target of £150m due to demand. A £50m tranche (‘Green Notes’) is subject to a […] Posted by: Mark Flanagan Read more
