Sterling Property Ventures Acquires Brindleyplace in £236 Million Deal Jun 20, 2024 Sterling Property Ventures has acquired Water’s Edge at Brindleyplace, Birmingham, a 62,000 sq ft canal-side restaurant and bar development, from British Airways Pensions Trustees. This acquisition is part of a larger £236 million portfolio deal involving seven commercial properties. The Brindleyplace development comprises 12 units, all fully let to tenants including All Bar One, Wagamama, […] Posted by: Mya Driver Read more
Developer Buys Land at Former Ironbridge Power Station for £19.55 Million Jun 20, 2024 Taylor Wimpey has purchased land at the former Ironbridge Power Station site in Shropshire for approximately £19.55 million. The housebuilder plans to construct 200 homes, in addition to the 110 homes already planned by Barratt and David Wilson Homes. This transaction represents the second phase of Harworth Group’s mixed-use development at Benthall Grange, following a […] Posted by: Mya Driver Read more
Four Seasons Health Care Group to be Sold for £300 Million Jun 20, 2024 Four Seasons Health Care Group, previously one of the largest care home operators in Britain, is set to be sold for around £300 million. The company has engaged CBRE, a property agent, to manage the sale. The decision follows a significant restructuring phase, during which Four Seasons reduced its size through a series of asset […] Posted by: Mya Driver Read more
Clarion Partners Europe extends UK footprint with £51 million acquisition of modern logistics facility in the North West of England Jun 20, 2024 Clarion Partners Europe, the real estate investment fund manager specialising in European logistics and industrial assets, has acquired, on behalf of its UK-only logistics fund, an institutional-quality logistics facility in Haydock, near Warrington, for £50.8 million. The vendor is Warrington Borough Council. Constructed in 2019, the 381,146 sq. ft. property is fully let to Movianto […] Posted by: Mya Driver Read more
Sirius Real Estate completes on c. £31 million of acquisitions and disposes of two assets in the UK Jun 20, 2024 Sirius Real Estate, the leading owner and operator of branded business and industrial parks providing conventional space and flexible workspace in Germany and the U.K., has completed on the acquisitions of two industrial assets in the U.K., in Banbury, just north of Oxford, and Wembley, for just over £31 million, representing a 9.2% net initial […] Posted by: Mya Driver Read more
EMV Capital Takes Over Management of Martlet Capital Jun 19, 2024 EMV Capital, a UK venture capital firm specialising in deep tech and life sciences, has taken over as the investment manager for Martlet Capital, a seed-stage venture capital firm based in Cambridge. Originally launched in 2011 as the investment arm of aerospace and defence technology producer Marshall Group, Martlet Capital became an independent entity in […] Posted by: Mya Driver Read more
£40 Million Logistics Facility Planned for Stevenage by Wrenbridge and Fiera Real Estate Jun 19, 2024 Wrenbridge and Fiera Real Estate have acquired a 5-acre site on the Pin Green Industrial Estate in Stevenage. The off-market transaction was completed for an undisclosed amount. The partnership plans to develop a £40 million gross development value (GDV) logistics facility on the site, spanning 120,000 square feet. The new facility is designed to meet […] Posted by: Mya Driver Read more
Anglia Square Redevelopment Opportunity Jun 19, 2024 Knight Frank has been appointed by Columbia Threadneedle Investments to market the Anglia Square redevelopment opportunity in Norwich city centre. This site is available with a guide price of £8.5 million. The Anglia Square site has planning permission for a mixed-use development that includes up to 1,100 residential units and 8,000 square metres of flexible […] Posted by: Mya Driver Read more
Westminster Council to Approve Marylebone Redevelopment Plan Jun 19, 2024 Plans by AHMM to redevelop an entire city block in Marylebone have been recommended for approval by Westminster planning officers. The proposal features an eight-storey mixed-use development that includes 28,000 sq m of office space and 17 homes on land bounded by Baker Street, Blandford Street, Dorset Street, and Broadstone Place. The project is a […] Posted by: Mya Driver Read more
Peterborough Council Endorses Affordable Housing Plan Jun 19, 2024 Peterborough City Council’s cabinet has approved a new housing strategy aimed at increasing affordable housing and addressing homelessness in the city. The Peterborough Housing Strategy for 2024-29, backed on Monday, is set to be presented to the full council for final adoption next month. The strategy outlines four primary housing priorities, including the provision of […] Posted by: Mya Driver Read more
