Ares Real Estate and EQ Group Secure £400 Million UK Hotel Portfolio May 9, 2024 Ares Real Estate and EQ Group have announced the acquisition of a portfolio comprising 18 hotels from Land Securities for £400 million, reflecting renewed confidence in the UK’s property and leisure sectors. The collection of mid-scale and economy hotels, strategically located in central London and other major UK cities, signifies an important expansion for Ares […] Posted by: David Gilbank Read more
UKREiiF Shortlisted for Two Awards at the Conference and Events Awards May 9, 2024 The prestigious Conference and Events Awards have named UKREiiF as a finalist in two categories at the upcoming Conference and Events Awards. The nominations are for “Best UK Conference / Event (over 1000 attendees)” and “Best New Conference / Event (over 600 attendees)”. The shortlisting for the event, ahead of UKREiiF’s third event in May […] Posted by: David Gilbank Read more
Scope 3 Emissions in Real Estate May 8, 2024 By Verco Scope 3 emissions is a term that is thrown around by sustainability professionals a lot, but for those outside of the ESG sphere, it might not be clear what these emissions are and the impact they have on your sustainability journey. Verco’s Real Estate team support clients to address the challenges through practical […] Posted by: Mya Driver Read more
Hampshire and Essex Pension Funds Inject £1.3 Billion into New Property Fund May 8, 2024 Hampshire and Essex pension funds have collectively invested £1.3 billion in a fresh property fund under the ACCESS investment pool, which serves 11 Local Government Pension Scheme funds. Managed by CBRE Investment Management, this new fund complements their existing UK core and global real estate mandates. The two pension funds, holding assets of £9 billion […] Posted by: David Gilbank Read more
New Real Estate Investment Trust to Target Distressed UK Property Market with £500 Million Initiative May 8, 2024 Former executives of the LXi Real Estate Investment Trust, which integrated with LondonMetric last year, have announced their intention to launch a new fund, the Special Opportunities Real Estate Investment Trust (SOR), next month. Their strategy focuses on acquiring commercial properties from distressed sellers in what they perceive as a near-market low. The launch team […] Posted by: David Gilbank Read more
B8re Completes Sales Worth £4million For Network Space Investments May 8, 2024 Industrial property specialist B8RE has completed the disposal of two single let assets in the North West on behalf of Network Space Investments (NSI). The two sales sold in excess of £4m, with both achieving ahead of quote after competitive bidding processes. The assets include a 23,012 sq ft detached unit in Skelmersdale on a 3.2-acre […] Posted by: David Gilbank Read more
Stolon Studio Proposes 669 Riverside Housing Development in Norwich May 7, 2024 Stolon Studio has submitted detailed plans for a transformative 669-home development in Norwich, part of a broader initiative to rejuvenate the East Norwich area with approximately 3,500 new homes. This ambitious project aims to create a vibrant riverside community, reinforcing the historic city’s future growth and sustainability. The London-based architecture firm lodged the application for […] Posted by: David Gilbank Read more
GBA Logistics Expands Portfolio with Acquisition of Silver X Group and Bow Distribution May 7, 2024 GBA Logistics has announced the acquisition of Silver X Group and Bow Distribution and Warehousing. The move aligns with GBA’s strategic vision to enhance its service offerings and expand its reach. David J Birkbeck, chairman and founder of GBA Logistics, expressed enthusiasm about the integration, stating, “We are thrilled to welcome Silver X and Bow […] Posted by: David Gilbank Read more
Brookfield Asset Management Finalises £635m London Office Purchase May 7, 2024 Brookfield Asset Management has completed a substantial £635 million acquisition of a major office property at 30 Fenchurch Street in London, underscoring its confidence in the capital’s office market. The deal involves a 550,000 square foot office building, with strong occupancy levels and excellent transport connections, including the new Elizabeth Line. Brad Hyler, Managing Partner […] Posted by: David Gilbank Read more
Greater Manchester to get 10,000 new council homes by 2028 May 7, 2024 NEWLY re-elected Mayor of Greater Manchester, Andy Burnham, has made tackling the housing crisis a top priority for his third term. Today he unveils measures to increase the amount of social housing in the city-region, improve the standard of rented accommodation and end the housing crisis in Greater Manchester by 2038. The Mayor’s announcements include: […] Posted by: David Gilbank Read more
