Westbrook Partners Refinances 60 Charlotte Street Jul 1, 2024 Westbrook Partners has renewed its lending partnership to refinance the 60 Charlotte Street office building in Fitzrovia, London. The financing involves a Japanese lender, reinforcing the building’s status as a top-tier office space. The refurbishment, completed in 2021, modernised the property into multi-let Grade A offices, luxury serviced apartments, and a restaurant unit. This move […] Posted by: David Gilbank Read more
Hilco Provides £13m Loan to Support Craftworks Development Jun 28, 2024 Specialist bridge lender Hilco Real Estate Finance has issued a £13m development exit loan to Craftworks, facilitating the completion of 24 luxury apartments in Denmark Hill, London. The development is noted for its visually appealing exterior and high sustainability standards. Sean Adams, managing director of HREF, remarked, “Having supported a number of development exits over […] Posted by: David Gilbank Read more
Regional REIT Initiates £110.5m Capital Raising Jun 27, 2024 Regional REIT has announced a £110.5 million capital raising initiative through a placing fully underwritten by Bridgemere Investments, part of the Bridgemere group established by Steve Morgan CBE. The raising involves issuing 1,105,149,821 new ordinary shares at 10 pence per share. This capital raising will allow Regional REIT to repay its £50 million Retail Bond, […] Posted by: David Gilbank Read more
Sable Capital Acquires Hackney Wick Build-to-Rent Scheme for £250m Jun 27, 2024 Sable Capital has made its latest purchase in London, acquiring a residential development in Hackney Wick for £250 million. The deal, finalised on 27 June 2024, was funded through Sable’s UK Build-to-Rent (BTR) fund. This acquisition follows the firm’s initial investment in Nine Elms, furthering their strategy to expand their presence in London’s rental market. […] Posted by: David Gilbank Read more
Imperial War Museum Seeks Development Partner for 45,000 sqm Project Jun 26, 2024 The Imperial War Museum and Gonville & Caius are currently seeking a development partner for the Duxford AvTech project, set to develop around 45,000 square metres of land at IWM Duxford into a state-of-the-art aviation technology campus. This ambitious development is intended to encompass employment spaces classified under use classes E(g), B2, and B8, focusing […] Posted by: David Gilbank Read more
London Square Secures Woolwich Site for Major Housing Development Jun 26, 2024 London Square has completed the purchase of a 4.5-acre site in Woolwich, south-east London, where it plans to construct a substantial housing development featuring over 700 homes. The acquisition, part of phases three and four of Woolwich Central, was previously held by Meyer Homes. The planned development includes a 15-storey building and has already received […] Posted by: David Gilbank Read more
UK Sees Largest Investment Trust Merger with Alliance and Witan Jun 26, 2024 Alliance Trust and Witan Investment have announced their merger, creating a massive £5bn investment trust named Alliance Witan PLC. This merger follows the retirement announcement of Witan CEO Andrew Bell, who served for 14 years. Andrew Ross, Witan’s chairman, discussed the comprehensive review process that led to the merger, noting that the board considered several […] Posted by: David Gilbank Read more
Amro Acquires Lewisham Retail Park with GDV £400m May 17, 2024 Amro has announced the acquisition of Lewisham Retail Park in South East London, marking the beginning of their largest and most ambitious project to date. The company plans to transform the site into a landmark residential-led development, estimated to have a gross development value (GDV) of around £400 million. The new development will deliver approximately […] Posted by: David Gilbank Read more
Columbia Threadneedle Expands Retail Portfolio with Major Acquisitions May 16, 2024 Columbia Threadneedle Real Estate, the investment and asset management division of Columbia Threadneedle Investments, has expanded its retail portfolio by acquiring Phases 2 and 3 of Merry Hill Retail Park in Brierley Hill and Phoenix Retail Park in Corby. Both acquisitions were made on behalf of separate client funds, with the purchase amounts remaining undisclosed. […] Posted by: David Gilbank Read more
Asda Announces Mixed-Use Redevelopment in North West London May 14, 2024 Asda has unveiled plans for a 10-acre mixed-use redevelopment site in North West London. The supermarket has partnered with Barratt to transform the brownfield site, currently hosting its Park Royal superstore. Subject to planning approval, the proposal aims to create a new town centre within the Old Oak and Park Royal Development Corporation regeneration area. […] Posted by: David Gilbank Read more
