Industrials REIT acquires four MLI assets for £21m Apr 20, 2022 Industrials REIT, the UK multi-let industrial (“MLI”) property company, announces that it has acquired four multi-let industrial estates, in Boston, Barnsley, Leeds and Stockton on Tees, for a total consideration of £20.86 million. The purchase price reflects a blended net initial yield (“NIY”) of 5.7% and an average capital value of £80 per sq ft. […] Posted by: Mya Driver Read more
Invest Newcastle at UKREiiF: why us? Mar 28, 2022 Often referred to as the city of opportunity, Newcastle continues to live up to the title as, despite the challenges of the pandemic, the city welcomed a record level of investment over the past two years, creating valuable jobs, driving growth across key sectors, and demonstrating confidence in the future of the North East of […] Posted by: Mya Driver Read more
Newcastle: A city of longevity Mar 28, 2022 2.1 billion people are projected to be over 60 by 2030, and nearly 70% of the world’s population live in cities – there are huge global growth and investment opportunities arising from longevity economies, encompassing all sectors as powerful engines for economic recovery and growth – including sustainable living and work places, education, care, sport, […] Posted by: Mya Driver Read more
Global tech firm invest in £350m transformational project that will bring a world stage to the North East Mar 28, 2022 North East born tech firm, Sage, who are global leaders in accounting, financial, HR and payroll technology for small and mid-sized businesses, have recently invested £10m into a community-focused, international venue for world class business and entertainment. As official naming partners this reinforces their commitment to the region as they look to support businesses by […] Posted by: Mya Driver Read more
Plans revealed for £200m business park in Teesside Feb 8, 2022 Details have been unveiled for a £200 million business park set to be built on the south side of Teesside Airport. The first phase will see the creation of four new units along a new through road, with construction due to begin within weeks. The business park is expected to create up to 4,400 jobs when […] Posted by: Mya Driver Read more
Almscliffe-Dhesi completes significant property deal in Middlesbrough Feb 2, 2022 Yorkshire-based Almscliffe-Dhesi Developments Ltd has completed a significant property deal by the A66 in Middlesbrough. The flourishing property company, part of the Almscliffe-Dhesi Group, is converting a brownfield site by the SG Petch dealership into a brand-new drive-thru’ roadside location. The 6,200 sq ft development, which has received planning approval, comprises three stand-alone units which […] Posted by: Mya Driver Read more
Gresham House invests £164m in Borderlink Broadband Jan 11, 2022 Gresham House’s British Sustainable Infrastructure Fund (BSIF) has invested £164m (€191m) in fibre broadband provider Borderlink Broadband. Gresham House said the investment is being made via its BSIF I and BSIF II funds. Borderlink, trading as rural broadband provider GoFibre, serves residential and business customers across Scotland, Cumbria and Northumberland. BSIF’s £164m funding, together with […] Posted by: Mya Driver Read more
Supermarket Income REIT acquires two further grocery stores Jan 5, 2022 UKREiiF attendee Supermarket Income REIT, the real estate investment trust providing secure, inflation-protected, long income from grocery property in the UK, announces the acquisition of two supermarkets, a Sainsbury’s in Washington, Tyne and Wear, and an Asda in Cwmbran, South Wales, for a total purchase price of £55.1 million (excluding acquisition costs), reflecting a combined […] Posted by: Mya Driver Read more
