Great Portland Estates Reports Robust Leasing Activity and Strategic Acquisitions Jul 4, 2024 Great Portland Estates plc (GPE) has released a trading update for the quarter ending 30 June 2024, showcasing continued robust leasing demand and strategic growth initiatives. Despite a nearly full portfolio, GPE signed new leasing deals worth £4.3 million during the quarter, exceeding the valuer’s Estimated Rental Value (ERV) by 7.7%. This performance supports the […] Posted by: Mya Driver Read more
Plans Unveiled for 576 Apartments Near Reading Station Jul 4, 2024 Developers Peveril Securities and Sladen Estates have revealed plans to replace three office buildings in Reading town centre with a new development of 576 apartments. The site, currently home to Napier Court offices near the station and town centre, will be transformed into an 11-storey residential complex. This project aims to provide a mix of […] Posted by: Mya Driver Read more
Surrey County Council Announces Tender Opportunity for Phase 2 Extra Care Housing Jul 4, 2024 Surrey County Council has announced a tender opportunity for the second phase of its extra care housing initiative, which will be delivered under a design, build, finance, and operate (DBFO) contract. This phase follows the successful outcomes of the Pond Meadow (Phase 1a) and Phase 1b Extra Care Housing tenders, in line with the Council’s […] Posted by: Mya Driver Read more
NewRiver REIT plc acquires Ellandi Management Limited Jul 4, 2024 NewRiver is pleased to announce the acquisition of Ellandi Management Limited (‘Ellandi’), an asset and development management business focused on UK retail and regeneration. This acquisition provides NewRiver’s existing Capital Partnership business with additional scale and diversification, as well as introducing complementary experience of managing destination shopping centres and regeneration projects, and is consistent with […] Posted by: Mya Driver Read more
Trafalgar Group Acquires Northshore Shipyard in Chichester Jul 3, 2024 The Trafalgar Group has announced the acquisition of Northshore Shipyard in Itchenor, Chichester Harbour. This 4-acre site includes boatyards, lifting facilities, commercial space, and office areas, alongside a deep-water pontoon, two slipways, a café, and commercial buildings totalling 60,000 square feet. Jonny Boys, Managing Director of The Trafalgar Group, said, “We are delighted to officially […] Posted by: Mya Driver Read more
Impact Healthcare Sells Five Care Homes for £8.8 Million Jul 3, 2024 Impact Healthcare has announced the sale of five care homes for £8.8 million as part of its active portfolio management strategy. These homes were initially acquired as part of the company’s IPO seed portfolio in May 2017. The properties sold include three care homes in East Yorkshire: Ashgrove Care Home in Cleethorpes, Emmanuel House in […] Posted by: Mya Driver Read more
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
