Native Places-Managed Bankside Aparthotel sold to Jastar Capital Feb 6, 2023 Native Bankside, one of London’s top aparthotels, has been sold by Create REIT to Jastar Capital for in excess of £40 million. In a transaction which underpins the growing strength of the aparthotels sector, the 75-unit, five-year-old development has been sold but will continue to be operated by Native Places under a new long-term management […] Posted by: Mya Driver Read more
Lambeth first Local Authority to invest in LCIV UK Housing Fund Feb 1, 2023 London CIV is pleased to report that it has received the first Pensions Committee approval from a Client Fund to invest into the London CIV UK Housing Fund (“the Housing Fund”). The Housing Fund has an open-ended structure and will focus on increasing the supply of good quality, affordable housing in the UK. This will […] Posted by: Mya Driver Read more
Landsec sells One New Street Square for £349.5m Jan 27, 2023 Landsec announces that it has exchanged contracts for and completed on the sale of One New Street Square, EC4 to Chinachem Group, a property developer based in Hong Kong with a real estate portfolio of 8.4m sq ft valued at US$13.7bn. The total consideration for the sale amounts to £349.5m. The sale price compares to a September 2022 valuation […] Posted by: Mya Driver Read more
Bold plans submitted to reawaken Silvertown site Jan 17, 2023 A major new planning application for the Silvertown site in the London Borough of Newham has been submitted following an extensive consultation process with local residents and businesses. With a bold character founded in the industrial heritage of this historic part of London, this diverse neighbourhood will feature around 6,500 new homes with 50% affordable […] Posted by: Mya Driver Read more
City Hall seeks development partner for new mixed-use residential development in Enfield Jan 12, 2023 A development partner is being sought for a new mixed-use residential led development at a 1.77-hectare site located on the North Middlesex University Hospital site in Upper Edmonton in the London Borough of Enfield. The successful developer will enter a development agreement with Greater London Authority Land and Property (GLAP) to design and deliver new […] Posted by: Mya Driver Read more
Puma Property Finance inks £50m loan to Scape Living for transformational co-living, commercial and events space in East London Jan 11, 2023 Puma Property Finance (Puma) today announces it has provided a facility of approximately £50m for a transformational co-living, commercial and events development in Walthamstow, East London. The development, directly opposite Blackhorse Lane station, will see the creation of 273 residential living units as well as new commercial co-working areas and a flexible performing arts events […] Posted by: Mya Driver Read more
Goodman secures planning to transform M1 logistics site into state-of-the-art commercial park Jan 10, 2023 Vauxhall’s former aftersales warehouse in Luton, Bedfordshire, is to be transformed into a 1.2 million sq ft industrial and logistics park after Goodman secured outline planning permission for the development. Goodman will regenerate the existing site and take a circular approach to construction, focusing on minimising waste and resources in delivering Goodman London Luton. The […] Posted by: Mya Driver Read more
Unite Students acquires new site in Stratford, London Jan 10, 2023 Unite Students, the UK’s leading provider of student accommodation, has completed the acquisition of Jubilee House, in Stratford, for £73million. The existing office building full planning consent for a 36-storey scheme, providing 716 beds for students. The development in Farthingale Walk, Stratford, London, will also incorporate 65,000 sq ft of academic space, which will be occupied […] Posted by: Mya Driver Read more
OakNorth Bank completes £9.8m loan to Eccleston Square Hotel Dec 20, 2022 OakNorth Bank has provided a £9.8m loan to boutique London hotel, Eccleston Square Hotel. The capital will be used to refinance existing debt and support the hotel’s future growth strategy. Previously known as Elizabeth Hotel, the five-storey, grade-II listed site was converted from a B&B in 2010, is managed by Olivia Byrne, and comprises of 39 double […] Posted by: Mya Driver Read more
Opportunity London delegation to bring 24 of the capital’s local authorities to UKREiiF 2023 Dec 20, 2022 Opportunity London, a major campaign to attract sustainable investment to the capital, has confirmed it will be bringing 24 London boroughs, alongside the Greater London Authority and City of London Corporation to the UK’s Real Estate Investment & Infrastructure Forum (UKREiiF), which is set to take place between 16-18 May, in Leeds. UKREiiF is set to […] Posted by: Mya Driver Read more
