Canva Expands London Presence with Acquisition of Three Properties Jul 3, 2024 Sydney-based graphic design company Canva is expanding its footprint in the UK by purchasing three properties, including its current European headquarters at 33 Hoxton Square in London, which opened in May last year. Duncan Clark, Canva’s European lead and co-founder of Flourish, announced that the company will also acquire The Rutherford at 43 Hoxton Square […] Posted by: Mya Driver Read more
PIC completes second buy-in with the TotalEnergies UK Pension Plan, now covering all £2.8 billion of liabilities Jul 3, 2024 PIC, a specialist insurer of defined benefit pension schemes, has concluded a second buy-in with the Trustee of the TotalEnergies UK Pension Plan (‘the Plan’) for £1.2 billion. The transaction is the largest completed buy-in announced to date this year. It follows the Plan’s first buy-in with PIC for £1.6 billion in 2014. PIC has […] Posted by: Mya Driver Read more
West Sussex to See 600 New Homes in New Housing Scheme Jul 3, 2024 West Sussex County Council and Lovell Partnerships have unveiled a new housing initiative aiming to deliver 600 homes in the county as part of their 30-year collaboration. The first phase of the project, featuring 22 affordable homes, is under construction on a brownfield site in Southwick, formerly Eastbrook Primary School. These homes will offer two, […] Posted by: Mya Driver Read more
Aviva Investors acquires £25 million retail park in Reading Jul 3, 2024 Aviva Investors, the global asset management business of Aviva plc, announces it has completed the acquisition of Brunel Retail Park in Reading. Consisting of six modern retail units and including two restaurants, Brunel Retail Park offers more than 117,000 sq ft of lettable space, with units ranging from 1,009 sq ft to 35,500 sq ft. […] Posted by: Mya Driver Read more
Frasers Group Acquires Frenchgate Shopping Centre Jul 2, 2024 Frasers Group has acquired the 770,000 sq ft Frenchgate shopping centre in Doncaster as part of its ongoing expansion in the UK. The centre, home to over 120 retailers including Next, H&M, and TK Maxx, attracts more than 16 million customers annually. Frasers Group stated that the acquisition will “unlock new opportunities” for its brands […] Posted by: David Gilbank Read more
Maslow Capital Invests £20m in Liverpool’s Baltic Triangle Development Jul 2, 2024 Maslow Capital has committed £20 million to Nexus Residential for the completion of the £35 million Central Park apartments, located on the edge of Liverpool city centre, with an expected completion date in late 2025. This marks the third collaboration between Nexus and Maslow, bringing their total funding to £60 million. The Central Park development, […] Posted by: David Gilbank Read more
Clearbell Acquires £7.7m Wolverhampton Industrial Site Jul 2, 2024 Property management firm Clearbell has expanded its logistics platform with the acquisition of a new industrial asset in Wolverhampton for over £7.7 million. The site, covering around 100,000 sq ft, comprises eleven units, with 94% occupancy by four tenants. Clearbell plans to upgrade the site, including reroofing units, installing photovoltaic (PV) panels, expanding yard areas, […] Posted by: David Gilbank Read more
Legal & General Affordable Homes Secures £35m Acquisition of Shared Ownership Properties Jul 2, 2024 Legal & General Affordable Homes has acquired 390 shared ownership homes from Orbit Group for nearly £35 million. This acquisition aligns with Legal & General’s goal of increasing investment in the affordable housing sector, backed by its Institutional Retirement division. The newly acquired homes are spread across 32 local authorities, including regions in the North […] Posted by: David Gilbank Read more
Panattoni supersizes with largest ever speculative logistics development in the North of England Jul 2, 2024 Panattoni, the largest logistics real estate developer in the UK and Europe, has acquired a prime 65-acre site on the Nottinghamshire/Yorkshire border with planning consent for over 1.2 million sq ft. The two phase development, called Panattoni Central A1(M), by junction 34 of the A1(M), has been acquired from Mulberry Developments in an off-market deal. […] Posted by: David Gilbank Read more
Valor makes 86,000 sq ft logistics acquisition in Birmingham Jul 1, 2024 Valor Real Estate Partners, Europe’s fastest growing last mile real estate specialist, has completed the acquisition of a 4-unit, multi-let logistics park in Kings Norton, south of Birmingham City Centre. It takes Valor’s investment in what is the UK’s second largest city to almost £75 million, across three assets totalling 380,000 sq ft, since 2022. […] Posted by: David Gilbank Read more
