‘We want this sector to be a forever stable, evergreen platform’ – examining the future of the purpose-built student accommodation market at UKREiiF 2024 Jun 25, 2024 By Daniel Halstead, Real Estate Partner at Shoosmiths Despite the difficult operating conditions of recent years, the UK’s purpose-built student accommodation (PBSA) market continues to demonstrate its resilience. Investment into the sector resurged in Q1 2024, with Knight Frank’s UK Student Housing Market Update reporting nearly £750m deployed into PBSA across 21 transactions. The long-term […] Posted by: Mya Driver Read more
Firethorn Trust bolsters Living portfolio with Malmaison York acquisition Jun 25, 2024 Real estate investor, developer and asset manager Firethorn Trust has acquired the boutique hotel asset in an off-market deal. Purchased foran undisclosed sum, the 29,000 sq ft site is occupied by Malmaison under a 35-year lease, with a current rental income of £2.1m per annum. Situated on Rougier Street, within the historic walls of the […] Posted by: Mya Driver Read more
Plans Unveiled for 1,300-Home Estate in Bushey Jun 25, 2024 Trulocom, a care home operator, has proposed a new housing development for a 93-acre site south of Bushey, between Heathbourne Road and the M1. The project is set to feature 1,300 homes, with a majority designed to accommodate elderly individuals or those requiring care services, representing around 70% of the total units. The development plans […] Posted by: Mya Driver Read more
Panattoni to Construct £135m Logistics Hub Near Coventry Jun 25, 2024 Developer Panattoni is set to establish a new logistics park, valued at £135 million, adjacent to the M6, following its recent acquisition of a 47-acre site in Coventry. The project, named Panattoni Park Coventry, is a net-zero speculative development situated north of Coventry city centre in Exhall. The newly acquired land, purchased from L&Q Estates, […] Posted by: Mya Driver Read more
Landsec Acquires Increased Share in Bluewater Shopping Centre for £120m Jun 25, 2024 Landsec has expanded its ownership in the Bluewater Shopping Centre in Kent to 66.25% following a £120 million purchase from Singapore’s GIC. This deal occurred on Tuesday and has increased the FTSE 100 firm’s net rental income by £10.3 million per year. Bruce Findlay, head of retail at Landsec, commented, “This transaction underscores our ability […] Posted by: Mya Driver Read more
Kennedy Wilson expands global industrial platform with acquisition of 300,000 sq ft industrial property in West London Jun 25, 2024 Global real estate investment company Kennedy Wilson (NYSE: KW) and its partner have acquired Heathrow Estate, a high quality multi-let industrial property in a prime distribution location in West London for $111 million, excluding closing costs. The income producing asset, which comprises a total of approximately 300,000 square feet of modern warehouse and ancillary office […] Posted by: Mya Driver Read more
Expressions of Interest open for East Bank Urban Village Jun 25, 2024 Hull City Council has launched its strategically important East Bank Urban Village project to market, opening Expressions of Interest (EOI) to secure a lead development partner to deliver the scheme. Following interest in the site being expressed by a range of developers, this is the first formal phase of procurement as the council seeks to […] Posted by: Mya Driver Read more
LHV Bank Facilitates £7m Residential Property Purchase in Surrey Jun 24, 2024 LHV Bank has successfully funded a £7 million loan for the acquisition of a substantial residential investment property in Surrey. The property, previously converted from an office building, was acquired by an experienced property investor. The loan arrangement was introduced by Alex Haffner of Fusion Funding. The client had secured a competitive price contingent on […] Posted by: Mya Driver Read more
Starlight Investments Acquires 232-Suite Development in Dartford Jun 24, 2024 Starlight Investments, a global real estate investment and asset management firm, has finalised the acquisition of a seven-building Build-to-Rent (BTR) community under development in Dartford, Kent, from Bellway London. The new development will feature 232 fully furnished rental suites, including studios, one-bedroom, two-bedroom, and three-bedroom units, along with 163 parking spaces. The project, set to […] Posted by: Mya Driver Read more
Birmingham Council to Tender £265m Energy Retrofit Programme Jun 24, 2024 Birmingham City Council is set to appoint up to five specialist contractors for a £265 million programme aimed at enhancing the energy efficiency of 3,000 homes annually. In an unconventional approach, the council will charge the selected firms an annual fee. This fee will cover the council’s costs in targeting and promoting Energy Company Obligations […] Posted by: Mya Driver Read more
