Lambeth Pension Fund Announces 2040 Net Zero Target for £2bn fund Jan 21, 2022 At a meeting held on earlier this month, The Lambeth Pensions Committee voted unanimously to adopt a 2040 net zero target for the £1.9bn Lambeth Pension Fund. The Lambeth Fund continues to lead the way amongst local government pension funds in the fight against climate change, and over the past two years has worked to […] Posted by: Mya Driver Read more
PIC invests £130m into new PBSA for London educational institution Jan 18, 2022 Pension Insurance Corporation plc (“PIC”), a specialist insurer of defined benefit pension funds, has invested £129 million with the London School of Economics and Political Science (“LSE”) to fund the development of a 676-bed student residence in Southwark, London. The newly constructed student accommodation will be located on Glengall Road, Southwark, and provide additional housing […] Posted by: Mya Driver Read more
Brunswick Property Partners acquires £110 million Euston trophy office asset Jan 17, 2022 Brunswick Property Partners (BPP) has acquired 163-203 Eversholt Street for £110 million for Akoya, its £1 billion London neighbourhood workplace venture. Akoya will reposition The Eversholt, giving the building a new identity, with wellness and sustainability at its heart, creating a unique experience for its occupiers. Located in the heart of the Knowledge Quarter, in […] Posted by: Mya Driver Read more
Google to invest over £700m in UK workspace Jan 14, 2022 Google has given the UK office sector a huge boost – by backing a return to the office with a major investment into its UK work environment. The tech giant will expand its UK office capacity by 50% and “reinvigorate” their office space – with staff set to increase from 6,400 to 10,000. They will […] Posted by: Nathan Spencer Read more
ASK lends £21.65m to BYM Capital Jan 12, 2022 Real estate funding specialist, ASK Partners – a UKREiiF attendee – has provided a £21.65 senior loan facility to UK-based investment and development firm, BYM Capital. BYM Capital, a commercial and residential investor and developer, acquired the shopping centre, known as ‘The Spires’ in July 2021. ASK’s facility is being used to refinance a short-term […] Posted by: Mya Driver Read more
£365m Starwood Capital loan unlocks redevelopment of London shopping centre Jan 10, 2022 Get Living, the UK’s leading build-to-rent operator of large-scale neighbourhoods, has secured a £365m development loan from controlled affiliates of Starwood Capital Group, which represents one of the UK’s biggest development loans in the past year, to fund the redevelopment of the former Elephant & Castle Shopping Centre. The loan facility with Starwood Capital, which […] Posted by: Mya Driver Read more
London hotel market recovery set to continue despite Omicron setbacks Dec 22, 2021 For the first time since the start of the pandemic, the performance of London’s hotels was more encouraging than regional hotels across the UK, according to research from Knight Frank, the leading independent global property consultancy. The recovery of the London hotel sector steadily continued throughout October with occupancy rising 2.6% to 48.2%. Knight Frank […] Posted by: Mya Driver Read more
Pocket Living submits plans in London for Build to Rent scheme Dec 21, 2021 Innovative housing developer Pocket Living has submitted a planning application to the Old Oak Common and Park Royal Development Corporation (OPDC) for a Build to Rent scheme. The site is at Atlas Wharf, on Atlas Road, NW10, adjacent to the Grand Union Canal. Whilst within the London Borough of Ealing, the site falls under the […] Posted by: Mya Driver Read more
Lendlease and CPP Investments JV to bring forward International Quarter London project Dec 21, 2021 International real estate group, Lendlease, and Canada Pension Plan Investment Board (CPP Investments) have expressed a vote of confidence in the London office market through the establishment of a new 50:50 joint venture partnership dedicated to the development of a new office-led neighbourhood at International Quarter London (IQL). This partnership further builds upon Lendlease and CPP Investments’ […] Posted by: Mya Driver Read more
City of London Corporation sees almost 70% increase in office development in 2021 Dec 21, 2021 The City of London Corporation has revealed figures showing a year-on-year increase in office floorspace approved within new Square Mile developments. In 2021, its Planning and Transportation Committee resolved to approve a total of 4,360,944 sq.ft* of new office floorspace. This compares with 2,582,348 sq.ft in 2020 – an increase of almost 70% year on year. […] Posted by: Mya Driver Read more
