Great Portland Estates splashes £36.5m on London assets Mar 30, 2022 GPE is delighted to announce the acquisition of the long leasehold interest at 7/15 Gresse Street and 12/13 Rathbone Place, W1, for £36.5m (£847psf, 5.6% NIY). The building has been home to the Fashion Retail Academy since 2005, which will remain in occupation until the precise timing for its relocation to a larger new home […] Posted by: Mya Driver Read more
Europe’s largest commercial lab building set for Canary Wharf health and life sciences cluster Mar 30, 2022 Canary Wharf Group (“CWG”) and Kadans Science Partner (“Kadans”) have formed a joint venture to develop a new 750,000 sq ft GIA life-science focused, wet lab enabled building at Canary Wharf in London. The development will be the first phase in the creation of a world leading centre for health and life sciences on the […] Posted by: Mya Driver Read more
Aviva Investors and Obayashi JV acquires stake in London mixed-use scheme Mar 28, 2022 Aviva Investors, the global asset management business of Aviva plc (‘Aviva’), announces that it has completed a joint investment with Obayashi Corporation (‘Obayashi’), one of Japan’s leading construction groups, to acquire the remaining 50 per cent share in 20 Gracechurch Street, London EC3. The deal brings both the freehold and leasehold for the 16-storey property […] Posted by: Mya Driver Read more
Madison International Realty invests in the UK’s largest net zero office development Mar 28, 2022 Madison International Realty, a leading real estate private equity firm, has invested in the development of 105 Victoria Street, in Victoria, London, alongside WELPUT, the specialist central London office fund managed by BentallGreenOak (“BGO“). The 500,000 sq ft building, which is due to be completed in 2026, will comprise 13 storeys of high quality office […] Posted by: Mya Driver Read more
Investec provides £11 million loan for Southwest London mixed-use development Mar 28, 2022 Investec Real Estate announces that it has provided Style & Space, the London focused residential property developer, with a £10.85 million facility, to fund the development of a mixed use residential and commercial scheme, in Earlsfield, Southwest London. The development, due to complete in December 2022, will comprise 17 high quality residential apartments for sale, […] Posted by: Mya Driver Read more
Avanton plans two new BtR projects in London Mar 28, 2022 Avanton, the leading London investor-developer, is planning new pipeline Build to Rent projects, providing around 800 units, under the A:Living (Avanton Living) brand in the Old Kent Road and Wembley, following the lettings success of the A:Living launch of Build to Rent apartments at their flagship Coda development in Battersea. For the launch of the […] Posted by: Mya Driver Read more
Newcore’s social infrastructure fund invests £27m in initial four assets Mar 22, 2022 Newcore Capital Management has acquired the maiden assets for its latest value-add, social infrastructure fund. The UK social infrastructure real estate manager said it has invested £27m (€31.4m) acquired the first four assets for Newcore Strategic Situations V LP, a fund seeking to raise £300m. Newcore said it has bought three educational properties in Surbiton, Blackheath and […] Posted by: Mya Driver Read more
Art-Invest Real Estate secures planning for Canada Water Dockside Mar 22, 2022 Art-Invest Real Estate (Art-Invest) is pleased to announce that Southwark Borough Council has resolved to grant outline planning consent for the development of Canada Water Dockside, an office-led scheme in Canada Water. Canada Water Dockside, which marks Art-Invest’s largest investment in London to date, is a 4.5-acre site adjacent to British Land’s Canada Water masterplan […] Posted by: Mya Driver Read more
Inland Homes JV disposes of Cheshunt Lakeside scheme for £56m Mar 21, 2022 Inland Homes plc, the brownfield developer, housebuilder and regeneration specialist focused on the South and South East of England, today announces the sale, via its joint venture, Cheshunt Lakeside Developments Limited (“CLDL”), of Phase 1B at Cheshunt Lakeside, Cheshunt. The Group is also pleased to announce that is has received a resolution to grant planning permission […] Posted by: Mya Driver Read more
Investec backs London student accommodation sector with £35 million Tribe loan Mar 21, 2022 Investec Real Estate announces that it has provided Tribe, the London and Southeast-focused student housing developer, with a £35 million facility, to fund the construction of a purpose-built student accommodation (“PBSA”) development in South Bermondsey, London. It represents Tribe’s first ground up student development project, in a sector which saw investment volumes return close to […] Posted by: Mya Driver Read more
