Aviva Investors adds Venture Capital capability to rebranded Private Markets business Sep 2, 2024 Aviva Investors, the global asset management business of Aviva plc, announces it has added a dedicated Venture Capital (‘VC’) and Strategic Capital capability to its investment offering, as part of a wider project to restructure its Real Assets business, which has been rebranded as Aviva Investors Private Markets. The new dedicated ‘VC and Strategic Capital’ […] Posted by: Mya Driver Read more
Brookfield Seeks Buyer for £500m Citypoint Tower in London Sep 2, 2024 Brookfield, the Canadian investment firm, has placed the Citypoint skyscraper in London up for sale with an asking price of £500 million. The sale comes as the company looks to secure a buyer ahead of the building’s approaching debt maturity. Citypoint, a prominent feature of London’s skyline, has attracted interest due to its prime location […] Posted by: Mya Driver Read more
Rightmove Shares Surge as REA Group Considers Acquisition Sep 2, 2024 Shares in Rightmove, the UK’s largest property portal, rose by 25% on Monday following the news that Australian property listings company REA Group, backed by Rupert Murdoch’s News Corp, is considering a potential acquisition. The deal would value Rightmove at £5.4 billion. REA Group, which sees “clear similarities” between the two companies, described the potential […] Posted by: Mya Driver Read more
German Developer Returns to UK with £80m Logistics Project in East Midlands Sep 2, 2024 Invesco Real Estate, the global real estate investment arm of Invesco, has partnered with Garbe Industrial Real Estate to develop a substantial logistics site in Worksop, East Midlands. The joint venture marks Garbe’s first new investment in the UK since before the global financial crisis. The project will see the development of two buildings covering […] Posted by: Mya Driver Read more
Londonmetric transacts on £120 million of acquisitions and disposals Sep 2, 2024 LondonMetric Property Plc (“LondonMetric” or “Company”) announces that it has transacted on £70 million of warehouse acquisitions and £50 million of non core disposals. The £70 million of acquisitions consist of seven warehouses with a WAULT of 15 years, acquired at a blended NIY of 5.8%, rising to a minimum of 6.1% over the next […] Posted by: Mya Driver Read more
UKREiiF: A place for investors and funders to discover opportunities Sep 2, 2024 Towns and cities across the UK are actively pursuing investment opportunities, each with distinct goals. Some are seeking substantial capital to fuel transformative growth, while others aim to attract new businesses that can invigorate their local economies. Many are focused on securing funding for critical infrastructure projects to build a more sustainable future, while others […] Posted by: Mya Driver Read more
Plans Announced for New 17-Storey Student Accommodation and Hotel in Woolwich Aug 30, 2024 Plans have been revealed for a new 17-storey building in Woolwich, set to include over 300 student rooms and a 265-room hotel. The proposed development, Riverside House, has been submitted to the council by the MDPL Group and would be located on Beresford Street, Greenwich. The project outlines 332 student rooms, with half designated as […] Posted by: Mya Driver Read more
GMPF Provides £31.3m Loan to Support Housing Developments in Bolton and Halifax Aug 30, 2024 The Greater Manchester Pension Fund (GMPF) has granted a £31.3 million loan to support two major housing projects by Placefirst in Bolton and Halifax. The developments, Deansgate Gardens in Bolton and Cow Green in Halifax, will collectively deliver 289 all-electric homes, powered by solar panels and air-source heat pumps. Construction has already commenced on both […] Posted by: Mya Driver Read more
Ringland Group Secures Multi-Million Pound Partnership with Ulster Bank to Support Belfast Expansion Aug 30, 2024 The Ringland Group, a prominent hospitality operator in Belfast, has partnered with Ulster Bank in a multi-million pound refinancing deal aimed at supporting its expansion and enhancing the city’s night-time economy. The £4.75 million package includes a £1.75 million facility specifically allocated for the development of Amelia Hall, a new 480-capacity bar in Belfast’s Linen […] Posted by: Mya Driver Read more
Home REIT Completes Sale of 101 Properties for £18.5 Million Aug 30, 2024 Home REIT has finalised the sale of 101 properties, generating £18.5 million in gross proceeds. The properties were sold at public auctions on 29 August, representing 6.6% of the trust’s portfolio value as assessed in the August 2023 draft valuation by JLL. The sale price reflects a 4.8% premium on the previous year’s draft valuation. […] Posted by: Mya Driver Read more
