Belgian firm Aedifica invests £14m for redevelopment of care home Dec 6, 2024 Aedifica has confirmed £14m of investment into the redevelopment of a former care-home sit which has been demolished. The site, situated 15-miles from Greater London, will deliver a care home for up to 65-people. On completion the care home will be operated by Hamberley Care Homes. Stefaan Gielens, CEO of Aedifica, commented: “We are investing […] Posted by: Deividas Krupstas Read more
LLDC and Vistry Group form joint venture to deliver 948 new mixed-tenure homes in East London Dec 5, 2024 The London Legacy Development Corporation (LLDC) has formed a 50/50 joint venture partnership with Vistry Group, the UK’s leading provider of affordable mixed-tenure homes, for the delivery of 948 new homes in Pudding Mill Lane in Stratford. The deal sees the creation of a new residential and commercial neighbourhood, which will be brought forward over […] Posted by: Deividas Krupstas Read more
Helical sells £7m asset to private investor Dec 5, 2024 Helical has sold its freehold interest in the Power House in Chiswick, London W4, to Riverside Capital’s private investor syndicate at 30 September 2024 valuation of £7 million, reflecting a net initial yield of 7.3%. The c. 21,000 sq ft property is let to Metropolis London Music Ltd for a further 19 years at a […] Posted by: Deividas Krupstas Read more
Quintain secures £128m loan on BtR development at Wembley Park Dec 4, 2024 Quintain, the developer behind Wembley Park, has successfully completed the refinancing of a trophy build-to-rent (BtR) building at Wembley Park with a £128.7 million Natixis CIB green loan. The loan represents a significant deleverage on the existing facility and refinances out Cheyne Capital, who supported Quintain by providing the original development financing for the construction […] Posted by: Deividas Krupstas Read more
Criterion Capital acquires world’s first YMCA to revitalise this historic London landmark Dec 4, 2024 Criterion Capital has announced the acquisition of the world’s first YMCA on Tottenham Court Road in London. This iconic building, a cornerstone of the Fitzrovia community for almost 50 years, represents a unique piece of cultural heritage. Criterion Capital’s acquisition was initiated by Central YMCA, who sought Criterion’s economic support in addressing escalating challenges. As […] Posted by: Deividas Krupstas Read more
Waitrose Opens First New Store in Six Years Dec 3, 2024 Waitrose has officially opened its first new store in six years, marking a significant milestone in its growth strategy. The new Little Waitrose store, located in Hampton Hill, southwest London, is the retailer’s 47th convenience outlet and represents a key element of its £1 billion investment plan. This investment will span four years, focusing on […] Posted by: Deividas Krupstas Read more
HUB and HIG Capital Secure Final Plot in Elephant Park Development Dec 2, 2024 UK-based living sector developer HUB and global investment firm HIG Capital have acquired the final 1.2-acre plot in Lendlease’s landmark Elephant Park development for £42 million. This purchase marks the completion of land acquisitions for the £1.5 billion regeneration project in the Elephant & Castle area of South London. The acquisition represents a key milestone […] Posted by: Deividas Krupstas Read more
Royal London Asset Management Property Acquires Strategic 8-Acre Industrial Development Site in Teddington Nov 29, 2024 Royal London Asset Management Property (RLAMP) has announced the acquisition of an 8-acre industrial development site in Teddington, Southwest London, from LGC Group, a global leader in life science tools. The site, with an estimated Gross Development Value (GDV) of £90 million, represents a prime redevelopment opportunity for a best-in-class multi-let industrial scheme. RLAMP has […] Posted by: Deividas Krupstas Read more
LRC Group Expands UK Build-to-Rent Portfolio with Acquisition of Bradstowe House in Harrow Nov 29, 2024 LRC Group, a leading private investment firm with €6 billion in assets under management, has announced the acquisition of Bradstowe House, a prominent build-to-rent (BTR) scheme in Harrow, north-west London. The property, marketed for offers exceeding £58.2 million, comprises 177 residential units and was purchased out of administration. This strategic acquisition follows LRC Group’s recent […] Posted by: Deividas Krupstas Read more
Barratt London and Places for London exchange on High Barnet as second site to be delivered under £1.9bn decade-long partnership Nov 29, 2024 Barratt London and Places for London have today announced the contract exchange at a site in High Barnet. The site is the second development to be unlocked by the West London Partnership, which was established in June 2024. Over the next decade, the West London Partnership will deliver more than 4,000 new homes – many […] Posted by: Deividas Krupstas Read more
