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
LDS and Sancus Facilitate £18.4 Million Housing Development in East London Feb 23, 2024 Rickesh Patel, Director of Real Estate Finance at Mantra Commercial, played a pivotal role in brokering this deal. He praised the LDS team for their adept handling of the complexities involved, highlighting the unique value of LDS’s offering in a market hungry for leverage opportunities that also manage lenders’ risk effectively. LDS and Sancus have […] Posted by: Mya Driver Read more
BlackRock Private Markets and Outpost Management Expand Joint Venture with Third Asset Acquisition Feb 22, 2024 Outpost Management, in a strategic alliance with BlackRock Private Markets, has announced the acquisition of The Castle, a premier co-living development in North Acton, from Tide Construction. This venture, part of a joint investment initiative, underscores a significant commitment to reshaping the urban living landscape. The Castle, designed by HTA architects, is poised to become […] Posted by: Mya Driver Read more
London Launches £3 Billion Housing Framework Tender to Boost Construction Sector Feb 21, 2024 London’s Haringey Borough Council has initiated the tender process for a groundbreaking £3 billion public sector housing framework, aimed at fostering new build and retrofit projects across London and the Home Counties. This ambitious move is designed to revitalize the lineup of construction firms, providing opportunities for both established companies and SMEs to contribute to […] Posted by: Mya Driver Read more
Atelier Secures £9.8 Million for North London Care Home Revamp Feb 21, 2024 Atelier, a specialist in development finance lending, has announced the completion of a £9.8 million funding deal aimed at the acquisition and renovation of a previously unoccupied care home located in New Southgate, North London. The financing will facilitate a comprehensive internal reconfiguration and refurbishment of the building, bringing it up to modern standards for […] Posted by: Mya Driver Read more
REIM Capital Finalises £14m Loan for Diverse Croydon Property Purchase Feb 21, 2024 REIM Capital has successfully finalised a £14 million commercial loan within a span of four weeks, facilitating the acquisition of a mixed-use property in Croydon, South London. This strategic financial move enables the borrower to secure a property that encompasses office spaces, retail units, and a 149-bed Travelodge hotel. Structured with a 12-month term, the […] Posted by: Mya Driver Read more
London’s BT Tower to Transform into a Premier Hotel in £275 Million Deal with MCR Hotels Feb 21, 2024 London’s iconic BT Tower is poised for a remarkable transformation into a leading hotel, following a £275 million acquisition by MCR Hotels, a prominent US hotel developer. This development marks a historic shift for the Grade II listed structure, which has played a central role in the UK’s telecommunications history since its inauguration in 1965. […] Posted by: Mya Driver Read more
Redbridge Seeks Partner for New Community Hub Development Feb 20, 2024 The London Borough of Redbridge is on the hunt for a private partner to bring a new community hub to life, alongside the development of adjacent land. This initiative aims to enhance the local community with a focus on the Seven Kings area. Located in Ilford, the borough is offering a prime opportunity for developers […] Posted by: Mya Driver Read more
