St Modwen acquires London industrial estate in £80m deal Jul 19, 2022 St. Modwen, one of the UK’s leading logistics developers and managers, has continued the expansion of its logistics portfolio in London with the £80 million acquisition of Westlands industrial estate, Hayes. The estate, which comprises three high-specification warehouse units on a 7.2-acre site, is currently fully let to leading global businesses, with logistics company Nippon […] Posted by: Mya Driver Read more
Long Harbour, PSP Investments and Cadillac Fairview invest £110m to forward fund London BtR scheme Jul 18, 2022 Long Harbour, a specialist real estate investment, development and management firm, has agreed to forward purchase a 204-unit BTR development within Leaside Lock, a vibrant new riverside community in the heart of East London, in Zone 2. The BTR element of Leaside Lock offers a modern collection of Studio, one, two and three-bedroom apartments in […] Posted by: Mya Driver Read more
Industrials REIT sells Reading asset in £5.88m deal Jul 18, 2022 Industrials REIT, the UK multi-let industrial (“MLI”) property company, announces that it has completed the sale of Rose Kiln Court, Reading for a total consideration of £5.88 million. The sale price represents a £0.135 million or 2.2% discount to the 31 March 2022 valuation of £6.015 million. The property, which comprises 31,687 sq ft of […] Posted by: Mya Driver Read more
Government decarbonisation plans to drive down Lower Thames Crossing emissions by 80% Jul 18, 2022 A new forecast released by National Highways today (18 July 2022) shows that the government’s plans to decarbonise cars and goods vehicles would cut the 60-year forecast of carbon emissions from Lower Thames Crossing traffic by at least 80%. The Lower Thames Crossing is designed to improve journeys for tens of thousands of people who […] Posted by: Mya Driver Read more
AXA IM Alts acquire 50 Fenchurch Street ahead of 650,000 sq ft office development Jul 15, 2022 AXA IM Alts, a global leader in alternative investments with c. €188 billion of assets under management, announces that it is planning to bring forward the development of a 650,000 sq ft (60,000 sqm NIA) next generation office with exceptional environmental credentials, having exchanged contracts to acquire a long leasehold of 50 Fenchurch Street in the […] Posted by: Mya Driver Read more
Long Harbour acquires London residential scheme for £22m Jul 11, 2022 Capital & Regional, the UK convenience and community focused shopping centre REIT, announces that it has completed the sale of the residential development project at its 17&Central community shopping centre in Walthamstow, London, to specialist residential developer Long Harbour for c.£21.65 million. The development is in line with the Company’s strategy of seeking ways to […] Posted by: Mya Driver Read more
New vision for Seven Sisters Jul 7, 2022 Plans to create a new high-quality town centre in Seven Sisters moved a step closer last night after Haringey Council agreed to acquire land held by property developer Grainger The Wards Corner site has long been identified by the council as it plays a crucial role in supporting the communities of Seven Sisters, including the […] Posted by: Mya Driver Read more
Meadow Partners acquires Grade A London workspace in £26m deal Jul 6, 2022 Leading property consultancy Allsop, acting jointly alongside Anton Page, has completed on the sale of the freehold of a Grade A workspace in Aldgate, central London, on behalf of Maurice Investments for £26 million. Acquired by Meadow Partners, the price is equivalent to approximately £960 per sq ft and a net initial yield of 5%. […] Posted by: Mya Driver Read more
Government funding to bring £3.5bn dockland neighbourhood to life Jul 5, 2022 Homes England will provide £233m of infrastructure loan funding to help bring forward a new £3.5bn neighbourhood at Silvertown in East London – one of the country’s most significant regeneration projects. Sitting within London’s only Enterprise Zone at the Royal Docks, the Silvertown site in Newham has been derelict for the last 40 years and […] Posted by: Mya Driver Read more
Chancerygate, Credit Suisse and Hines JV forward sells urban logistics scheme to Blackrock Jun 30, 2022 A joint venture (JV) between urban logistics developer Chancerygate, a fund managed by Credit Suisse Asset Management and global real estate firm Hines has forward sold a 172,000 sq ft urban logistics development in Dagenham to a fund managed by BlackRock for an undisclosed sum. Dagenham Council has approved plans to speculatively build 15 Grade […] Posted by: Mya Driver Read more
