Picton exchanges contracts for the sale of part vacant office asset Apr 2, 2024 Picton has agreed to sell its second largest office asset, Angel Gate, London, EC1 for £29.6 million, with completion due on 9 April 2024. This is in line with the Company’s strategy to repurpose appropriate office assets and follows the Company securing residential planning consents during 2023 and a subsequent structured marketing process this year. […] Posted by: Mya Driver Read more
Helical agrees sale of 25 charterhouse square Mar 25, 2024 Helical plc has exchanged contracts on the sale of the long leasehold interest in 25 Charterhouse Square, London, EC1 to a Real Estate fund managed by global alternative investment manager, Ares Management (“Ares)”, for £43.5 million. The disposal price represents a 6.5% discount to the 30 September 2023 book value. Redeveloped by Helical in 2017, 25 […] Posted by: Mya Driver Read more
DTZ Investors Completes Third Investment for the LGPS Central Property Fund Mar 22, 2024 DTZ Investors is pleased to confirm the acquisition of Goodmayes Retail Park, Chadwell Heath, London, the third investment for LGPS Central’s recently launched UK Direct Property Fund. Goodmayes Retail Park is let to a range of retailers including Wickes, Currys, Carpetright, The Gym, Nandos, Costa and Masala Bazaar. The site is located in an area […] Posted by: Mya Driver Read more
Octopus Real Estate funds purchase of land to develop 244-bed student accommodation in Elephant and Castle Mar 19, 2024 Octopus Real Estate, part of Octopus Investments and a leading UK specialist real estate investor and lender, has provided a commercial loan to complete the purchase of a site located in Elephant and Castle, Central London. The site contains detailed planning consent for the development of a 244-bed student accommodation scheme. The loan has been […] Posted by: Mya Driver Read more
NUMA Group Launches First UK Venture with Bloomsbury Hotel Site Mar 13, 2024 The NUMA Group has officially entered the British market through a collaboration with the New World Hospitality Group, introducing NUMA Bloom at the site of the erstwhile Bedford Corner Hotel in London. This launch marks the debut of the digital hospitality platform in the UK, at a prime location in Bloomsbury, central London, housed within […] Posted by: Mya Driver Read more
Shaftesbury Capital Expands Presence in Covent Garden with New Acquisition Mar 12, 2024 Shaftesbury Capital has further cemented its position in the heart of London by acquiring the freehold interests in properties located at 25-31 James Street, Covent Garden, for a sum of £75.1 million. This strategic purchase adds a significant mix of retail and residential spaces to its already robust portfolio in one of London’s most bustling […] Posted by: Mya Driver Read more
AXA IM Alts secures £480 million development loan for landmark net-zero London office scheme, 50 Fenchurch Street Mar 11, 2024 AXA IM Alts, a global leader in alternative investments with €183 billion of assets under management[1], has secured a £480 million construction loan from Cale Street, the real estate investment and finance firm, to fund the development of its 650,000 sq ft (60,000 sqm) next generation office building at 50 Fenchurch Street. This transaction represents one of […] Posted by: Mya Driver Read more
£2 Billion Regeneration Effort to Revitalise Royal Docks Announced Mar 8, 2024 London’s Royal Docks is set for a £2 billion regeneration, announced by Mayor Sadiq Khan, aiming to breathe new life into the historic area. The ambitious plan seeks a fresh development partner for the Royal Albert Dock, following a previous initiative that failed to draw Asian businesses, leaving the site with vacant office blocks. Khan’s […] Posted by: Mya Driver Read more
Greystar secures planning consent to enhance rental-housing led regeneration of the Bermondsey Biscuit Factory in London Mar 7, 2024 Greystar Real Estate Partners, LLC (“Greystar”), a global leader in the investment, development, and management of high-quality rental housing, has secured planning approval from Southwark Council for amendments to its build-to-rent development located at the former Peek Freans biscuit factory site in Bermondsey, South London. The amendments build on the established design principles of the […] Posted by: Mya Driver Read more
First EV charger of country-leading rollout live in Hackney Mar 6, 2024 The first of 2,500 new electric vehicle chargers in Hackney has been installed at Follingham Court, Hoxton, as part of one of the country’s biggest rollouts of EV charging infrastructure. Marking the first time a whole-area network at this scale has been planned, Hackney Council is working with its partner Zest on the rollout, which […] Posted by: Mya Driver Read more
