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
Prologis Acquires Major Logistics Estate in Park Royal Aug 27, 2024 Prologis UK has secured the Prologis Park Western Avenue estate in Park Royal, west London, from DTZ Investors for approximately £125 million. This acquisition includes a substantial mixed-use site offering 288,523 sq ft of logistics, industrial, and retail space. The estate, situated on a 16.14-acre plot, is currently leased to 21 tenants. It also has […] Posted by: Mya Driver Read more
Phase Two of Tustin Estate Redevelopment Submitted for Approval Aug 22, 2024 Planning permission has been submitted for the second phase of the Tustin Estate redevelopment in south-east London. This phase is part of a broader plan to revitalise the area, including the construction of 295 new homes, of which 151 will be affordable, and 144 will be private tenure. The redevelopment is designed to meet the […] Posted by: David Gilbank Read more
Hill Proposes Over 1,600 New Homes for North London Aug 20, 2024 Hill, in collaboration with the United Colleges Group, has put forward a proposal to redevelop a site in North London, aiming to deliver 1,675 new homes. The comprehensive plan, which is currently under review, includes detailed proposals for 1,076 homes spread across 11 buildings ranging from 4 to 28 storeys at a site in Willesden. […] Posted by: Mya Driver Read more
Glasgow’s Portcullis House Site to Become New Student Accommodation Aug 20, 2024 Plans to transform the Portcullis House site in Glasgow’s Charing Cross into a student accommodation complex have been approved by Glasgow City Council, pending certain conditions. The development, named The Àrd, will feature two buildings: a 36-storey tower and a 10-storey structure, providing a total of 784 student beds. Designed by Hawkins\Brown Architects and developed […] 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
Oval Real Estate acquire Mayfair office building for £125 million Aug 16, 2024 Chinese Estates Holdings has sold an office building in London’s prestigious Mayfair district to local developer and investor Oval Real Estate for £125.4 million. The property at 14 St George Street in London’s West End was put on the market two months ago. This decision came after the freehold property’s average occupancy rate dropped to […] Posted by: Mya Driver Read more
Fusion and Cheyne Capital acquire second site in Brent Cross Town to deliver £275m PBSA development Aug 15, 2024 Fusion Group, one of the largest privately-owned student accommodation developers and operators in the UK, and global alternative investment manager Cheyne Capital have jointly acquired a second site for purpose-built student accommodation in Brent Cross Town. Brent Cross Town is a 180-acre, £8bn mixed-use town development in north London being delivered by Related Argent and […] Posted by: Mya Driver Read more
Infinium secures prime site in West Thurrock, East London, for EV FleetHub development Aug 6, 2024 Infinium Logistics, the European asset management and energy transition specialist, announces that it has completed the acquisition of two adjoining sites in West Thurrock for C.£15 million. The acquisition includes two adjacent off-market sites totalling over four acres, located on Motherwell Way in West Thurrock, a prime industrial area east of London, near Lakeside Shopping […] 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
