Supermarket Income REIT acquires four assets for £76.4m Aug 23, 2022 Supermarket Income REIT plc (LSE:SUPR), the real estate investment trust providing secure, inflation-protected, long income from grocery property in the UK announces the acquisition of four supermarkets for a total purchase price of £76.4 million (excluding acquisition costs), reflecting a combined net initial yield of 5.1%. Acquired from different vendors, the purchases consist of two […] Posted by: Mya Driver Read more
Peel NRE gets go-ahead for UK’s first £165m plastics recycling park Jul 6, 2022 Cheshire West and Chester Council’s have given the green light for Peel NRE to develop the UK’s first plastics recycling park for Protos Place Park at Inces Marshes. The £165m scheme, near Ellesmore Port will create more than 250 jobs for the local economy and process 367,000 tonnes of plastic each year. The project also […] Posted by: Mya Driver Read more
Aprirose sells 235,000sq ft retail and leisure scheme to David Samuel Properties Jun 21, 2022 Aprirose, the real estate investment company, has sold Marine Point, a prime multi-let leisure scheme located in New Brighton, an affluent seaside resort on the tip of the Wirral Peninsula located in the north west of England located between Liverpool and North Wales. The 234,615 sq ft development, which is anchored by a Morrisons supermarket, has been sold […] Posted by: Mya Driver Read more
Northstone secures £30m deal with NatWest to continue growth Jun 6, 2022 Northstone continues to make its mark in the North West property industry, securing a £30million Revolving Credit Facility with NatWest, allowing the company to grow at pace. The housebuilder is currently active on five sites, with a delivery pipeline of over 1,000 homes. As part of Peel L&P and with access to this new credit […] Posted by: Mya Driver Read more
Network Space submits planning for regeneration of former Distillery Jun 1, 2022 Network Space has submitted a full planning application to Knowsley Metropolitan Borough Council for the regeneration and redevelopment of an initial phase of the former Sovereign Distillery site on the Huyton Business Park. Now known as Sovereign Industrial Park, the planning application covers approximately half of the 28 acre site. The scheme comprises the delivery […] Posted by: Leon Newton Read more
Octopus and New Care partner to develop £80m five asset care home portfolio Mar 22, 2022 On behalf of the New Care group, Knight Frank LLP has advised on a strategic funding partnership with Octopus Real Estate to finance the development of five future proof care homes valued at circa £80m. The care homes will be constructed by the McGoff Group and operated by New Care after practical completion. The fit […] Posted by: Mya Driver Read more
Bruntwood and L&G seek new partner for SciTech arm Mar 1, 2022 A new partner is being sought by Bruntwood and Legal & General for their sciences platform SciTech, it has been confirmed. An additional investor is set to be added to the 50:50 joint venture which currently has ten locations across England. It is understood that both Bruntwood and Legal & General are not seeking to […] Posted by: Mya Driver Read more
Greater Manchester and Liverpool regional leaders unite to champion Levelling Up opportunities at UKREiiF Feb 16, 2022 UKREiiF is a new annual event that will connect people, places and businesses in order to accelerate the levelling up agenda and unlock sustainable, inclusive and transformational investment Conference speakers include a host of senior figures from national and local government, as well as leading developers and investors Awards to celebrate pioneers in the ESG […] Posted by: Nathan Spencer Read more
PIC invests £130m into Wirral Waters scheme Jan 26, 2022 Pension Insurance Corporation plc (“PIC”), a specialist insurer of defined benefit pension funds, has completed a £130 million investment in Wirral Waters One (“WWO”), the cornerstone residential scheme for the broader development of Peel L&P’s Wirral Waters, a 500-acre brownfield site and former dockland. Regeneration specialists Peel L&P has launched a 30-year strategy which will […] Posted by: Mya Driver Read more
