Rangeford Villages to Develop New Retirement Community in Elstree Jun 27, 2024 Rangeford Villages, a provider and operator of later living communities, has exchanged contracts to purchase land on Allum Lane, pending planning permission. The company has already submitted a detailed planning application. The planned development will feature 150 units, including one, two, and three-bedroom apartments, as well as two and three-bedroom bungalows. Additionally, the project includes […] Posted by: David Gilbank Read more
Sable Capital Acquires Hackney Wick Build-to-Rent Scheme for £250m Jun 27, 2024 Sable Capital has made its latest purchase in London, acquiring a residential development in Hackney Wick for £250 million. The deal, finalised on 27 June 2024, was funded through Sable’s UK Build-to-Rent (BTR) fund. This acquisition follows the firm’s initial investment in Nine Elms, furthering their strategy to expand their presence in London’s rental market. […] Posted by: David Gilbank Read more
Microsoft Chooses Leeds for £106.6 Million Hyperscale Datacentre Jun 27, 2024 Microsoft, one of the world’s largest organisations and most recognisable brands, has chosen to set up a new hyperscale datacentre in Leeds. This momentous move involves the purchase of 48 acres at Skelton Grange from Harworth for £106.6 million. The transaction will occur in two phases: 27 acres by late 2024 and 21 acres by […] Posted by: David Gilbank Read more
Standard Life completes £880m buy-in with the Rolls-Royce & Bentley Pension Fund Jun 27, 2024 Standard Life, part of Phoenix Group, has concluded a £880 million Bulk Purchase Annuity (“BPA”) transaction with the Rolls-Royce & Bentley Pension Fund which is sponsored by Bentley Motors Limited. This is a full scheme buy-in transaction covering c. 6,000 members of the Scheme. The buy-in included novation of the Scheme’s existing longevity swap with […] Posted by: David Gilbank Read more
Disposal of four care homes for £44.5 million Jun 27, 2024 Target Healthcare announces that it has completed the disposal of four UK care homes for £44.5 million to the incumbent tenant. The sale price reflects a modest premium to the portfolio’s carrying value at both 31 December 2023 (the latest date prior to the offer being received) and 31 March 2024, and an implied net […] Posted by: David Gilbank Read more
Imperial War Museum Seeks Development Partner for 45,000 sqm Project Jun 26, 2024 The Imperial War Museum and Gonville & Caius are currently seeking a development partner for the Duxford AvTech project, set to develop around 45,000 square metres of land at IWM Duxford into a state-of-the-art aviation technology campus. This ambitious development is intended to encompass employment spaces classified under use classes E(g), B2, and B8, focusing […] Posted by: David Gilbank Read more
London Square Secures Woolwich Site for Major Housing Development Jun 26, 2024 London Square has completed the purchase of a 4.5-acre site in Woolwich, south-east London, where it plans to construct a substantial housing development featuring over 700 homes. The acquisition, part of phases three and four of Woolwich Central, was previously held by Meyer Homes. The planned development includes a 15-storey building and has already received […] Posted by: David Gilbank Read more
UK Sees Largest Investment Trust Merger with Alliance and Witan Jun 26, 2024 Alliance Trust and Witan Investment have announced their merger, creating a massive £5bn investment trust named Alliance Witan PLC. This merger follows the retirement announcement of Witan CEO Andrew Bell, who served for 14 years. Andrew Ross, Witan’s chairman, discussed the comprehensive review process that led to the merger, noting that the board considered several […] Posted by: David Gilbank Read more
Blackstone Real Estate Acquires Village Hotels Jun 26, 2024 Blackstone Real Estate today announced that funds managed by Blackstone have completed the acquisition of Village Hotels, a hotel owner, operator and developer, from affiliates of KSL Capital Partners, a leading investor in travel and leisure businesses. Village Hotels owns and operates 33 well-located assets in large regional cities and suburban areas across the UK. […] Posted by: David Gilbank Read more
Report reveals £70 billion in additional value could be lost without investments into planning Jun 26, 2024 A report by Public First, commissioned by the Royal Town Planning Institute (RTPI), revealed that planning reform and increased housing development could miss out on over £70 billion in additional value by not investing in planning. Last week, leaders of the UK’s political parties outlined ambitious housing targets. The RTPI has stated that well-resourced planning […] Posted by: David Gilbank Read more
