Octopus and New Care partner to develop £80m five asset care home portfolio Mar 22, 2022 On behalf of the New Care group, Knight Frank LLP has advised on a strategic funding partnership with Octopus Real Estate to finance the development of five future proof care homes valued at circa £80m. The care homes will be constructed by the McGoff Group and operated by New Care after practical completion. The fit […] Posted by: Mya Driver Read more
Together provides £20m funding to Citu for low carbon city centre scheme Mar 21, 2022 A pioneering sustainable developer has secured a £20million finance package to kick-start the next phase of its low-carbon city centre residential scheme. Together, a specialist lender which has a loan book of more than £4.4billion, has agreed the facility with Citu, the innovative developer behind the regeneration of large swathes of Leeds city centre on […] Posted by: Mya Driver Read more
11-PBSA units totalling 4,500 beds sold in £306m deal Mar 8, 2022 Unite Students has disposed of an 11-strong property portfolio – comprising 4,488 beds – for £306m, with the company’s share sitting at £236m. The deal – struck with an affiliate of Lone Star Funds – includes assets in Sheffield (1,700 beds), Reading (703 beds), Leicester (665 beds), Bedford (517 beds), Liverpool (390 beds), Birmingham (337 beds), […] Posted by: Mya Driver Read more
Immobel Capital Partners acquires 50% of White Rose Office Park in Leeds Mar 8, 2022 Immobel Capital Partners, the investment management business of Immobel Group, the largest listed real estate developer in Belgium, announces it has signed a sale and purchase agreement to acquire 50% of the White Rose Park from OIRP Investment 10, part of Orion Capital Managers. White Rose is a green office campus situated just outside of […] Posted by: Mya Driver Read more
Plans submitted to redevelop former landfill site in Carrington for industry use Mar 3, 2022 Plans for a 200,000 sq ft development for industrial use in Carrington, Greater Manchester have been submitted. Natural resources and energy business Peel NRE has applied to Trafford Council to build the development at the partially restored former landfill site known as Peaksnook between Manchester Road (A6144) and the Manchester Ship Canal. The site, which […] Posted by: Mya Driver Read more
Bruntwood and L&G seek new partner for SciTech arm Mar 1, 2022 A new partner is being sought by Bruntwood and Legal & General for their sciences platform SciTech, it has been confirmed. An additional investor is set to be added to the 50:50 joint venture which currently has ten locations across England. It is understood that both Bruntwood and Legal & General are not seeking to […] Posted by: Mya Driver Read more
GLP acquires Trafford Park 9-acre logistics site Mar 1, 2022 GLP has acquired a logistics site in Trafford Park in Manchester totalling nine acres. The site is currently occupied by Tenmat, a leading manufacturer of advanced materials and components who is subsequently relocating to a site in Irlam at the end of 2022, and has significant redevelopment potential. Cushman & Wakefield advised Tenmat on the […] Posted by: Mya Driver Read more
Industrials REIT secures planning for multi-let industrial scheme Feb 28, 2022 Industrials REIT, the UK multi-let industrial (“MLI”) property company, has secured planning approval for a 55,750 sq ft MLI scheme at its Old Mill Industrial Estate, in Bamber Bridge, Preston. Acquired in 2018, Industrials REIT will transform the existing estate by redeveloping an old industrial building and utilising some vacant land. The 44 new light […] Posted by: Mya Driver Read more
Greater Manchester and Liverpool regional leaders unite to champion Levelling Up opportunities at UKREiiF Feb 16, 2022 UKREiiF is a new annual event that will connect people, places and businesses in order to accelerate the levelling up agenda and unlock sustainable, inclusive and transformational investment Conference speakers include a host of senior figures from national and local government, as well as leading developers and investors Awards to celebrate pioneers in the ESG […] Posted by: Nathan Spencer 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
