Oxenwood secures £63m development loan from Blackstone May 24, 2022 Oxenwood Real Estate, the UK and European real estate investment management firm, has secured a £63 million debt facility from Blackstone Real Estate Debt Strategies to fund two UK logistics developments.The three-year development loan has been secured on behalf of Oxenwood Logistics Fund 1 SLP, a discretionary fund managed by Oxenwood. The largest of the […] Posted by: Leon Newton Read more
Clearbell closes £150m investment programme May 24, 2022 Clearbell UK Strategic Trust (CST), a Trust advised by Clearbell Capital, has announced that it is now fully invested, following the acquisition of 6-24 Britannia Street in Kings Cross for £13.5m. CST has acquired 20 assets over 12 separate transactions since November 2020, totalling more than £150m. The mixed-use portfolio has significant exposure to logistics, […] Posted by: Leon Newton Read more
Helical and Baupost JV disposes of London asset for £16.5m May 24, 2022 Helical plc, a UK real estate investment trust (REIT) specialising in the redevelopment and refurbishment of highly sustainable, best-in-class London office buildings together with its joint venture partner Baupost Group, has exchanged contracts to sell 55 Bartholomew Close to a private European investor for £16.5m. The sale price reflects a net initial yield of 4.5% […] Posted by: Leon Newton Read more
Dominvs completes UK’s largest ever PBSA forward funding deal May 23, 2022 London developer Dominvs has completed the country’s largest forward fund in the purpose built student accommodation sector for £173m, with Scape.Comprising 713-beds, the scheme will be one of the capital’s largest student accommodation developments, Dominvs exclusively told CityA.M.The university housing deal came after Dominvs had secured consent for two hotels on the Hammersmith site. Citing […] Posted by: Leon Newton Read more
Aviva Investors surpasses £1bn sustainable transition loans target three years early May 23, 2022 Aviva Investors, the global asset management business of Aviva plc (‘Aviva’), announces that it has provided a £227 million sustainability-linked refinancing to property group Romulus, on behalf of Aviva UK Life’s annuity business. Romulus is a London-based investment and development company who own and manage a mixed-use portfolio of over one million square feet. Significantly, […] Posted by: Leon Newton Read more
Germany firm Caleus makes debut UK investment with £60m purchase Apr 25, 2022 Germany-based investment firm Caleus has purchased 19-24 Dering Street, a prime mixed-use freehold building in Mayfair, London W1, from Legal & General for £60 million. Boasting a prominent position in between Bond Steet and Hanover Square, opposite the Elizabeth Line entrance, the multi-let property totals 34,431 sq ft (3,199 sq m) of office, gallery and leisure accommodation […] Posted by: Mya Driver Read more
Singapore based GIC acquires 75% stake in British Land’s Paddington Central assets in £700m deal Apr 25, 2022 British Land is pleased to announce they have exchanged on the sale of a 75% interest in the majority of their Paddington Central assets to GIC. This transaction establishes a new joint venture (the “Joint Venture”) with ownership split 75:25 for GIC and British Land respectively. Completion is unconditional and will be within three months. […] Posted by: Mya Driver Read more
LondonMetric acquires 6 London logistics assets in £27m deal Apr 25, 2022 LondonMetric Property Plc (“LondonMetric”) announces the acquisition of six London urban logistics warehouses in separate transactions for a total investment of £26.7 million, reflecting an anticipated blended initial yield of 4.3% and a reversionary yield of more than 4.5%. Three properties in Colliers Wood, Stratford and Stockwell have been acquired with vacant possession and will […] Posted by: Mya Driver Read more
SEGRO continues to expand London footprint with acquisitions totalling £195m Apr 25, 2022 SEGRO has completed £195m of investment in London, acquiring Grand Union Trade Park in Park Royal and growing its Inner London pipeline with the purchase of two assets in Wapping and Clapham, each measuring 2.6 acres in size and providing extensive coverage in east and west London. Grand Union Trade Park comprises 100,000 sq ft […] Posted by: Mya Driver Read more
Dolphin Living welcomes new Finance Director as housing provide continues growth Apr 19, 2022 Dolphin Living, one of the UK’s most innovative and forward-thinking providers of intermediate affordable housing, has welcomed Gary Preston to the team as Finance Director. In his role he will provide strategic and financial guidance to support the growth of the organisation and provide more high-quality housing for London’s workers on modest incomes. Gary joins […] Posted by: Mya Driver Read more
