Castleforge and Galaxy Data Centres to acquire Redhill Data Centre Jan 7, 2025 Real estate investor Castleforge in partnership with full-service data centre operator and advisory firm Galaxy Data Centers, announced today the acquisition of Redhill Data Centre with a development value of over £100 million. This partnership marks Castleforge’s entry into the data centre sector, combining their expertise in operational real estate investment with Galaxy Data Centers’ deep industry […] Posted by: Deividas Krupstas Read more
London chosen by Australian firm for first Pod Hotel development in their European expansion Jan 7, 2025 LyLo, part of EVT, has kickstarted the global expansion of its innovative pod hotel concept and has chosen London as the potential location of its first European property. Appointed as sole agent, P-Three, the retail, leisure and placemaking agency, is initially focused on potential sites in Southwark, although other central locations will be considered. LyLo […] Posted by: Deividas Krupstas Read more
City of London Corporation Approves Plans for 1 Undershaft, Set to Become the Tallest Building in the City Dec 13, 2024 The City of London Corporation has officially approved plans for 1 Undershaft, a 74-storey skyscraper that will rise 309.6 meters (1,015.8 feet), matching The Shard as the tallest building in the UK. The landmark project will add approximately 1.7 million square feet of prime office space to London’s financial district. 1 Undershaft will stand 309.6 […] Posted by: Mya Driver Read more
Belgian firm Aedifica invests £14m for redevelopment of care home Dec 6, 2024 Aedifica has confirmed £14m of investment into the redevelopment of a former care-home sit which has been demolished. The site, situated 15-miles from Greater London, will deliver a care home for up to 65-people. On completion the care home will be operated by Hamberley Care Homes. Stefaan Gielens, CEO of Aedifica, commented: “We are investing […] Posted by: Deividas Krupstas Read more
LLDC and Vistry Group form joint venture to deliver 948 new mixed-tenure homes in East London Dec 5, 2024 The London Legacy Development Corporation (LLDC) has formed a 50/50 joint venture partnership with Vistry Group, the UK’s leading provider of affordable mixed-tenure homes, for the delivery of 948 new homes in Pudding Mill Lane in Stratford. The deal sees the creation of a new residential and commercial neighbourhood, which will be brought forward over […] Posted by: Deividas Krupstas Read more
Helical sells £7m asset to private investor Dec 5, 2024 Helical has sold its freehold interest in the Power House in Chiswick, London W4, to Riverside Capital’s private investor syndicate at 30 September 2024 valuation of £7 million, reflecting a net initial yield of 7.3%. The c. 21,000 sq ft property is let to Metropolis London Music Ltd for a further 19 years at a […] Posted by: Deividas Krupstas Read more
Quintain secures £128m loan on BtR development at Wembley Park Dec 4, 2024 Quintain, the developer behind Wembley Park, has successfully completed the refinancing of a trophy build-to-rent (BtR) building at Wembley Park with a £128.7 million Natixis CIB green loan. The loan represents a significant deleverage on the existing facility and refinances out Cheyne Capital, who supported Quintain by providing the original development financing for the construction […] Posted by: Deividas Krupstas Read more
Criterion Capital acquires world’s first YMCA to revitalise this historic London landmark Dec 4, 2024 Criterion Capital has announced the acquisition of the world’s first YMCA on Tottenham Court Road in London. This iconic building, a cornerstone of the Fitzrovia community for almost 50 years, represents a unique piece of cultural heritage. Criterion Capital’s acquisition was initiated by Central YMCA, who sought Criterion’s economic support in addressing escalating challenges. As […] Posted by: Deividas Krupstas Read more
Waitrose Opens First New Store in Six Years Dec 3, 2024 Waitrose has officially opened its first new store in six years, marking a significant milestone in its growth strategy. The new Little Waitrose store, located in Hampton Hill, southwest London, is the retailer’s 47th convenience outlet and represents a key element of its £1 billion investment plan. This investment will span four years, focusing on […] Posted by: Deividas Krupstas Read more
HUB and HIG Capital Secure Final Plot in Elephant Park Development Dec 2, 2024 UK-based living sector developer HUB and global investment firm HIG Capital have acquired the final 1.2-acre plot in Lendlease’s landmark Elephant Park development for £42 million. This purchase marks the completion of land acquisitions for the £1.5 billion regeneration project in the Elephant & Castle area of South London. The acquisition represents a key milestone […] Posted by: Deividas Krupstas Read more
