Federated Hermes swoops for Nottingham retail site Jan 26, 2022 Federated Hermes has acquired a 85,387 sq ft retail site in Nottingham city centre in a £21.65m deal. The 1.4-acre site previously belonged to Abrdn. The deal was completed through Knight Frank and Jackson Criss. The property, which lets to occupiers such as Tesco, Primark, Greggs and Tui, is situated at 4-13 Long Row and […] Posted by: Mya Driver Read more
Unite acquires a 270-bed consented development site in Nottingham Jan 24, 2022 Unite Group PLC – an attendee at UKREiiF – has acquired a consented 270-bed development site in Nottingham City Centre. The Bristol, England-based owner, manager and developer of student accommodation expects to spend GBP34 million developing the site, which will open for the 2024-25 academic year. It expects the yield on cost to be 7%. […] Posted by: Mya Driver Read more
Spitfire Housing secures land to develop 1,100 new homes Jan 24, 2022 A major new neighbourhood of up to 1,100 homes, a primary school and community & retail space is coming to Daventry, after the site was acquired by Spitfire Homes in partnership with Crest Nicholson. Located on the western edge of Daventry, the 50-hectare development already has outline planning permission for up to 1,100 new homes, […] Posted by: Mya Driver Read more
Columbia Threadneedle acquires Midlands distribution centre Jan 21, 2022 Midlands-based property investor Colmore Capital has successfully sold its 33,615 sq ft distribution unit Swift 34 in Rugby to institutional buyer, Columbia Threadneedle. The unit was sold in December 2021, taking under a month from initial marketing to exchange. The initial asking price of £4.6m represented a net initial yield of 5.2%. The distribution unit, […] Posted by: Mya Driver Read more
CEG and housebuilder consortium get to work on 4,500 Thorpebury development Jan 19, 2022 A housebuilding consortium comprising Davidsons Homes, William Davis Homes and David Wilson Homes has now broken ground on the first phase of 574 homes, open space and infrastructure at the Thorpebury development to the North-East of Leicester. Developer CEG, the landowner and the consortium exchanged contracts earlier this year to bring forward much-needed homes, including […] Posted by: Mya Driver Read more
BMO Commercial Property Trust increases logistics exposure with £76.5m of investment activity Jan 17, 2022 UKREiiF attendee BMO Commercial Property Trust Ltd (“BCPT”), which is managed by BMO Real Estate Partners (BMO REP), the pan-European property investment and asset management specialist arm of BMO Global Asset Management (EMEA), announces that it has increased the portfolio’s industrial weighting to 29.3% following the acquisition of two high-quality logistics assets in the UK […] Posted by: Mya Driver Read more
BentallGreenOak and Equation Properties swoop for logistics development site Jan 10, 2022 Development land at Horizon 29 in Derbyshire has been sold in a deal worth almost £40m. Almcor and St. Francis Group, through their joint venture Bolsover Land Limited (BLL) vehicle, have sold the 80-acre site at Horizon 29 to BentallGreenOak and Equation Properties. BGO and Equation will develop up to 1.2 million sq ft at […] Posted by: Mya Driver Read more
AEW swoops for two distribution warehouses Dec 13, 2021 AEW UK Real Return Fund (AEW) – a UKREiiF attendee – has bought two wholesale warehouses, in Barnsley and Leicester, in an £8m deal. The sites are let to Booker, the UK’s largest food wholesale operator. The Leicester unit stretches to 55,634 sq ft, while the Barnsley facility coverage almost 87,000 sq ft. Edward Long, […] Posted by: Mya Driver Read more
Urban Group gets green light for 300-bed PBSA project Dec 9, 2021 Planning permission has been granted for a major new student accommodation scheme in Nottingham’s Southside Regeneration Area, on Traffic Street, that will offer a total of 297 bedrooms. The site is currently occupied by a parking area and two industrial units that will be demolished to make way for the development. Planning Permission was secured […] Posted by: Mya Driver Read more
