Pandox Acquires Three London Extended Stay Hotels for £230 Million Aug 28, 2024 Pandox, a prominent hotel property owner, has completed the acquisition of three extended stay hotels in central London for £230 million. The purchase includes 503 rooms spread across three Residence Inn by Marriott locations in Kensington, London Bridge, and Tower Bridge. The properties will continue to be operated by Axiom Hospitality under a management agreement. […] Posted by: Mya Driver Read more
Investec extends London PBSA footprint with development loan for 397-bed Stratford scheme Aug 20, 2024 Investec Real Estate has provided a joint venture between Watkin Jones plc, the UK’s leading developer and manager of residential for rent, and Housing Growth Partnership, the Lloyds-backed equity investor, with a development loan to fund the construction of a purpose-built student accommodation (PBSA) scheme in Stratford, East London, with a GDV of c. £120 […] Posted by: Mya Driver Read more
Criterion Capital Receives £25 Million Financing for Trafalgar Square Hotel Conversion Aug 19, 2024 The Bank of London and The Middle East plc (BLME) has granted Criterion Capital a £25 million investment facility to support the conversion of an office building into a hotel at the renowned Trafalgar Square in London. The funding will be used for transforming the historic Trafalgar Buildings, constructed between 1881 and 1882, into the […] Posted by: Mya Driver Read more
Cain establishes new £65M credit facility with Lovett Care Aug 5, 2024 Cain International (‘Cain’), a privately held firm specializing in real estate investment solutions, via its Fortwell credit strategy, has agreed a £65M revolving credit facility with Lovett Care, a fully integrated UK care home operator. This facility will finance a pipeline of new care homes across the UK, starting with three in the South of […] Posted by: Mya Driver Read more
Planning granted for Grade A Office refurbishment in London Jul 25, 2024 Deka Immobilien has been granted planning permission for a significant renovation of 1 Old Jewry, a prime property located in the heart of the City of London. Savills and CBRE are handling the lettings. The refurbishment will include around 69,300 sq ft of Grade A office space spread across the first to ninth floors and […] Posted by: Mya Driver Read more
Unite Students Acquires Major Development Site in Central London Jul 24, 2024 Unite Students, the UK’s largest provider of student accommodation, has acquired a prime development site in Zone 1 London. The new property in Southwark will provide 444 beds and is set to be ready for the 2027/28 academic year. This acquisition is part of Unite Students’ strategic plan to support the growth of its university […] Posted by: Mya Driver Read more
abrdn Acquires Apartments at Springfield Place in Tooting Jul 17, 2024 abrdn has announced the acquisition of 50 new-build apartments at Springfield Place in Tooting, southwest London, on behalf of the South Yorkshire Pensions Authority. The acquisition, facilitated by Newmark Company Gerald Eve, marks a strategic investment into the Private Rented Sector (PRS), aiming to deliver high-quality, energy-efficient rental homes. The apartments, developed by Barratt London, […] Posted by: Mya Driver Read more
Aitch Group secures outline planning consent for landmark £330m Belvedere development project Jul 16, 2024 London developer Aitch Group is thrilled to announce the approval of outline planning consent for their landmark New Belvedere scheme to bring the site from industrial land to residential. This marks a significant milestone for Aitch Group, regenerating an under-utilised industrial site, delivering 1250 new homes and a vibrant community hub with a projected Gross […] Posted by: Mya Driver Read more
Ballymore submits application for Edgware town centre redevelopment in partnership with Places for London Jul 15, 2024 Leading property developer Ballymore has submitted an outline planning application to redevelop Edgware’s Broadwalk Shopping Centre, the bus station and garage – in partnership with Places for London – Transport for London’s property company which owns some of the area’s land, including the bus station and garage. The ambitious and transformative masterplan, designed by Howells, […] Posted by: Mya Driver Read more
Triple B Strengthens UK Portfolio with Acquisition of Birchin Lane Property in London Jul 15, 2024 Triple B, an international investment group dedicated to fostering innovation, empowering entrepreneurs, and improving communities, is excited to announce its latest acquisition: the iconic 7 Birchin Lane property in the heart of London’s financial district. This strategic move not only broadens Triple B’s commercial real estate portfolio but also solidifies its growing presence in the […] Posted by: Mya Driver Read more
