SEGRO lands new lease at Gatwick Airport as air cargo demand booms Dec 17, 2024 SEGRO, a leading investor, developer and owner of industrial and logistics space, has agreed a lease on two newly refurbished units at its air freight cargo facility at Gatwick Airport Leading international air cargo handling and aviation services company Swissport has agreed a five-year lease for a combined 62,400 sq ft of warehouse space at SEGRO […] Posted by: Mya Driver Read more
Ballymore Submits Major Riverside Development Plans for East London Dec 16, 2024 Leading property developer Ballymore has submitted two significant hybrid planning applications to Newham Council for transformative riverside developments in east London. The proposed Thames Road and Knights Road schemes aim to deliver a total of 3,684 new homes while enhancing local infrastructure, community spaces, and employment opportunities. Located next to Thames Barrier Park and Pontoon […] Posted by: Mya Driver Read more
City of London Corporation Approves Plans for 1 Undershaft, Set to Become the Tallest Building in the City Dec 13, 2024 The City of London Corporation has officially approved plans for 1 Undershaft, a 74-storey skyscraper that will rise 309.6 meters (1,015.8 feet), matching The Shard as the tallest building in the UK. The landmark project will add approximately 1.7 million square feet of prime office space to London’s financial district. 1 Undershaft will stand 309.6 […] Posted by: Mya Driver Read more
Valor Real Estate Partners Acquires £20 Million Multi-Let Industrial Estate in North London Dec 13, 2024 Valor Real Estate Partners, Europe’s fastest-growing last-mile real estate specialist, has announced the acquisition of a purpose-built, multi-let industrial estate in Edmonton, North London, from HBD for approximately £20 million. The newly acquired site is located in Edmonton, a key industrial submarket in North London known for its strategic connectivity and robust demand for urban […] Posted by: Mya Driver Read more
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
