BNP Paribas REIM Acquires Central London Office for £42.5 Million Dec 19, 2023 BNP Paribas Real Estate Investment Management (REIM) has finalised the purchase of 25 Victoria Street, a prominent office building in Central London, from Delancey Real Estate. The acquisition, valued at £42.5 million, represents a strategic expansion for BNP Paribas REIM’s portfolio, particularly for its European Impact Property Fund (EIPF). This property, encompassing a total area […] Posted by: Mya Driver Read more
AIRE Secures Streatham Virgin Active Club in £5.1 Million Deal Dec 19, 2023 Alternative Income REIT PLC (AIRE), known for its diversified UK commercial property assets, recently announced the acquisition of the Virgin Active leisure club in Streatham, South-West London. The purchase, amounting to £5.1 million, represents a net initial yield of 9.8% and offers a cost advantage compared to building anew. This strategic move utilises the bulk […] Posted by: Mya Driver Read more
Fiera Real Estate and Wrenbridge acquire a 2.6-acre site in Waltham Cross to develop a c. £25m scheme Dec 14, 2023 Fiera Real Estate (“Fiera”) and Wrenbridge are pleased to announce the acquisition of a 2.6 acre site on Britannia Road, Waltham Cross. The business plan is to speculatively develop a mid-box urban logistics unit with a GDV of c.£25m. This represents the sixth acquisition for the Fiera Real Estate Logistics Development Fund UK (“FRELD”) which […] Posted by: Mya Driver Read more
Gatwick Diamond Regional Delegation to go to Global Real Estate Conference Dec 13, 2023 South East local and regional authorities are joining forces with private sector affiliates to showcase the region to over 10,000 investors, developers, occupiers and local authorities at UKREiiF 2024. Under the Invest in the Gatwick Diamond umbrella, this is the region’s first-ever delegation to The UK’s Real Estate Investment and Infrastructure Forum (UKREiiF) in Leeds […] Posted by: Mya Driver Read more
Development Opportunity at Ebury Bridge Estate with £6.4M Phase 2 Demolition Plan Dec 11, 2023 Westminster City Council has authorised a significant step in the Ebury Bridge Estate regeneration, approving a £6.4 million investment for the demolition of Phase 2 buildings. This decision, which comes as part of the council’s broader renewal commitment, is designed to “enable a contractor with historic and current knowledge of the site to be appointed […] Posted by: Mya Driver Read more
Mitsubishi Estate and Edge Buy Prime London Office Tower at £150 Million Dec 8, 2023 Mitsubishi Estate has partnered with Dutch developer Edge to acquire a prominent office tower in London’s West End, previously leased to WeWork, for £150 million. This purchase price reflects a 44% reduction from the £267 million paid by the former owners, a joint venture between Savills Investment Management and Korea’s Vestas Investment Management, in 2018. […] Posted by: Mya Driver Read more
North London Retail Site to Transform into £1 Billion, 1,046-Home Development Dec 7, 2023 A housing department minister has approved plans for a new 1,046-home development on a retail site in North London, highlighting a strategic move to address the area’s housing shortage. This 18-storey project on Cricklewood Lane, previously occupied by a B&Q hardware store, presents a significant opportunity for both developers and investors. Montreaux Cricklewood Developments secured […] Posted by: Mya Driver Read more
British Land gains approval for fourth London Urban Logistics Scheme Dec 1, 2023 British Land has received planning consent for a 644,000 sq ft multi-storey logistics scheme in Thurrock, Essex. The project, due to begin construction in Q1 2025, will provide occupiers with purpose-built logistics space suitable for use as a hub for last-mile deliveries and returns. The scheme is located adjacent to Junction 31 of the M25, […] Posted by: Mya Driver Read more
Chadwell Heath Residential Project Secures £15m Development to Investment Loan in a Boost to UK Housebuilding Nov 29, 2023 A residential property development in East London has been refinanced, following a bespoke £15m development to investment loan from Secure Trust Bank (STB) Real Estate Finance (REF). Situated in Chadwell Heath, an area rising in popularity for new property development schemes, the eight-story building will provide 55 high-quality residential units comprising of between one to three bedrooms. […] Posted by: Mya Driver Read more
Planning permission granted for next phase of Hemel Hempstead logistics park Nov 29, 2023 Planning permission has been granted for a further phase of development at Prologis Park Hemel Hempstead as a result of collaboration between leading owner, developer and investor of logistics property, Prologis UK and Dacorum Borough Council. The next wave of development will see five new units being built within Maylands Business Park, which is already […] Posted by: Mya Driver Read more
