UKCM agrees £74 million sale of Wembley logistics asset May 26, 2023 UK Commercial Property REIT Limited (“UKCM” or the “Company”) (FTSE 250, LSE: UKCM), announces that it has sold its 186,455 sq ft Wembley180 logistics asset in London to Covent Garden IP Limited (“CG”), a registered charitable company. UKCM will receive a consideration of £74 million, which reflects a net initial yield of 3.49% and is broadly in […] Posted by: Mya Driver Read more
Life sciences real estate investment within the ‘Golden Triangle’ totals £496m in Q1 2023 May 2, 2023 Investment into commercial real estate for the UK’s life sciences sector in the Golden Triangle, the area spanning London, Cambridge and Oxford and the UK’s leading market for life sciences and innovation, totalled over £496m in Q1 2023, according to leading global property adviser Knight Frank. This figure represents the highest first quarter investment total […] Posted by: Mya Driver Read more
Apollo strengthens presence in Europe with new, expanded London office Apr 17, 2023 Apollo (NYSE: APO) today announced the opening of a new office in London, United Kingdom, strengthening its presence in Europe and building on the firm’s successful track record in the region. The transition to a single, modern space in London reflects Apollo’s desire to offer a best-in-class workplace for its teams and expand its offering […] Posted by: Mya Driver Read more
Cheyne Capital Real Estate Lends £150m to Finance Office Site in the City of London Apr 5, 2023 Global alternative asset manager Cheyne Capital Management (UK) LLP (“Cheyne Capital”), today announced that it has provided a £150 million senior loan to a joint venture between Castleforge, the UK-based private real estate investor, and its Malaysian partner, Gamuda Berhad. The loan will be used to fund the acquisition of Winchester House, a 317,000 sq […] Posted by: Mya Driver Read more
Willmott Dixon to build £40m health centre in Hounslow Apr 4, 2023 Willmott Dixon has been chosen by Hounslow Council and the NHS to deliver a state-of-the art £40m health centre in Chiswick. The Chiswick Health Centre will replace an existing facility to provide a modern local community healthcare environment for residents with a broader range of GP services, including community and mental health services. It was […] Posted by: Mya Driver Read more
Seven premium build-to-rent schemes to be built by new Apache Capital and Harrison Street Real Estate Capital joint venture Mar 31, 2023 Apache Capital has formed a joint venture with Harrison Street Real Estate Capital that, with additional investment from National Farmers Union Mutual Insurance Society Limited and Apache Capital, intends to fund the development of up to seven premium build-to-rent schemes across England and Scotland. The New Platform has successfully closed and recently began construction on […] Posted by: Mya Driver Read more
Thames freeport given green light by UK Government Mar 24, 2023 The Thames Freeport has been given the go ahead to formally constitute its board and start operating fully, following the approval of the final business case by the UK Government. The Freeport is an economic zone located in the Thames Estuary and UK’s largest port – the Port of London. With 1,700 acres of development […] Posted by: Mya Driver Read more
Countryside Partnerships closes £80m of deals across two BTR assets with Sigma Capital Group Mar 24, 2023 Countryside Partnerships and leading built-to-rent (BTR) provider Sigma Capital Group have agreed two deals to deliver a total of 190 BTR homes with a combined value of just under £80m on two of its major mixed-tenure schemes. At Clapham Park, the £1bn South London regeneration scheme that Countryside Partnerships is delivering in joint venture with […] Posted by: Mya Driver Read more
Hampshire Trust Bank completes £21.1m development finance facility Mar 22, 2023 Hampshire Trust Bank (HTB) has completed a £21.1m development exit and construction loan facility for a mixed-use development in North London. The client was developing 48 high-quality apartments and two commercial units, as well as providing a new park for the local community. The broker, Adam Stiles of Helix Structured Finance, contacted HTB for the […] Posted by: Mya Driver Read more
Maslow Capital provides £114m loan for the delivery of Central London PBSA project Mar 22, 2023 Maslow Capital, a leading provider of real estate development finance, has announced the completion of a £114 million development facility, supporting Union Property Development with the delivery of their 356 bed, Purpose-Built Student Accommodation (PBSA) scheme in Paddington, Central London. Union Property Development are an experienced family-owned property development, management and investment business, with a portfolio extending across the UK. With the […] Posted by: Mya Driver Read more
