Lambeth Council Sets Ambitious Target for 500 New Affordable Homes by 2030 Mar 6, 2024 Lambeth Council is aiming to deliver a minimum of 500 new affordable homes by the end of the decade. This initiative is part of the council’s comprehensive New Homes Programme, designed to significantly increase the number of homes available at council rent, facilitating a much-needed transition for families from the housing waiting list to permanent […] Posted by: Mya Driver Read more
LondonMetric Property Plc Unveils £6.2 Billion Merger with LXi REIT to Forge UK’s Foremost Triple Net Lease REIT Mar 6, 2024 In a major industry shake-up, LondonMetric Property Plc has successfully completed a merger with LXi REIT plc, marking the emergence of the UK’s largest triple net lease Real Estate Investment Trust (REIT). This strategic amalgamation, effective from 5 March 2024, heralds the launch of an entity boasting a highly efficient, internally managed structure coupled with […] Posted by: Mya Driver Read more
Octopus Real Estate £35m lending through the Greener Homes Alliance initiative Mar 5, 2024 Octopus Real Estate, part of Octopus Investments and a leading specialist real estate investor and lender, announces the recent completion of four further loans as part of its Greener Homes Alliance initiative with Homes England. The four completed loans total more than £35m and will fund the development of 124 new homes in Dover, Wandsworth, […] Posted by: Mya Driver Read more
Grace Real Estate announces the acquisition of its second residential portfolio, located in thriving Central London location Mar 5, 2024 Grace Real Estate Partners (“Grace”), a real estate investment company, announced today its acquisition of a residential portfolio based in Zone 1, London. The purchase comprises 110 units of underutilised residential space alongside commercial and ancillary facilities. This is the second acquisition for the private real estate investment group, who in August 2023, completed its […] Posted by: Mya Driver Read more
Chancerygate and Bridges Fund Management granted planning for £40m sustainable urban logistics development in Hayes, West London Mar 4, 2024 Developer Chancerygate and specialist sustainable and impact investor Bridges Fund Management have been granted planning to speculatively build a highly sustainable 90,000 sq ft Grade A urban logistics development in Hayes, west London. Called Harlequin Business Park, once complete the scheme will comprise nine units ranging from 5,100 sq ft to 39,700 sq ft and […] Posted by: Mya Driver Read more
£1 Billion Regeneration Plan for Carpenters Estate Set to Provide Over 2,000 Homes Mar 4, 2024 The London Legacy Development Corporation (LLDC) Planning Decisions Committee has recently endorsed a £1 billion regeneration strategy for the Carpenters Estate in London, paving the way for the construction of 2,152 new homes. Spearheaded by Newham Council’s housing company, Populo Living, this project is a significant step towards addressing housing needs in the area, with […] Posted by: Mya Driver Read more
£16 Million Refurbishment Loan Boosts London Student Housing Project Mar 1, 2024 Fiduciam has recently finalised a £16 million financing deal aimed at transforming a London property into desirable student accommodation. This funding arrangement combines acquisition and refurbishment financing, enabling significant upgrades before the property is occupied by university students. A seasoned real estate investment group, known for revitalising underperforming assets, is at the helm of this […] Posted by: Mya Driver Read more
Sun Venture Acquires London Hotel for Under £100 Million, Marking First Hospitality Venture Feb 29, 2024 Singapore-based investment manager Sun Venture has ventured into the hospitality sector by acquiring a 280-key hotel in central London for less than £100 million. The property, previously an office block, was purchased from UK asset manager Resolution Property, signifying Sun Venture’s diversification beyond its traditional focus on office and retail spaces. The acquisition of Hyatt […] Posted by: Mya Driver Read more
London Set for Major Role in £700 Million South Bank Redevelopment Following Green Light Feb 28, 2024 Communities Secretary Michael Gove has approved the £700 million redevelopment plan for the former ITV studios on London’s South Bank, paving the way for a major transformation by CO-RE and Mitsubishi Estate. The project, envisaged by architecture firm Make, will replace the iconic 24-story London Television Centre at 72 Upper Ground with two new office […] Posted by: Mya Driver Read more
Cohen & Steers Acquires Stake in LondonMetric, Marking Key Investment in UK Property Sector Feb 27, 2024 Cohen & Steers Capital Management has recently made headlines by acquiring a stake in LondonMetric Property plc, indicating a fresh wave of interest in the UK’s real estate market. Filed on February 26, 2024, the acquisition sees Cohen & Steers taking ownership of 12,235,182 ordinary shares, equivalent to 1.1188% of LondonMetric’s issued securities. This move, […] Posted by: Mya Driver Read more
