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
Cheyne Capital provides £220m funding for Riverstone’s latest London scheme Apr 12, 2022 Cheyne Capital has provided a £219 million senior facility to Riverstone, the provider of exceptional London living for over 65s in prime London locations, for its Riverstone Kensington residence. This comes a year after Cheyne provided a £99 million facility to Riverstone for its Fulham Riverside residence, which is due to open in the second […] Posted by: Mya Driver Read more
DWS acquires three residential blocks in London Apr 8, 2022 DWS has announced it has exchanged contracts to acquire three residential properties within the development known as “Royal Albert Wharf” in East London for one of its institutional real estate funds, in an off-market transaction. The fully let new residential properties in the Royal Docks, completed in 2020, are located directly on the River Thames […] Posted by: Leon Newton Read more
Pocket Living secures permission for new affordable homes in Hackney Apr 8, 2022 Innovative affordable housing developer Pocket Living has secured a unanimous resolution to grant planning permission from Hackney Council for a new residential development on Mandeville Street in Hackney, London. Representing Pocket’s third scheme within the Borough, the seven-storey development will utilise a vacant parcel of land formerly used as a health care centre, offering much-needed […] Posted by: Leon Newton Read more
PATRIZIA gets green light for Camden Grade A office development Apr 8, 2022 PATRIZIA AG, a leading partner for global real assets, has secured planning permission from London’s Camden Council to convert the iconic hClub building into a state-of-the-art office in the heart of Covent Garden on Endell Street. The plans will see PATRIZIA transform the former members’ club into c. 35,000 sq. ft. of Grade A office […] Posted by: Leon Newton Read more
