Supermarket Income REIT acquires Tesco in £73m deal Dec 20, 2021 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 a Tesco supermarket in Sheffield, Yorkshire, for a purchase price of £73.2 million (excluding acquisition costs), representing a net initial yield of 4.5%. The store was developed for Tesco in 2011 and occupies a 7.0 […] Posted by: Mya Driver Read more
Developer announced for 750 homes in Manchester’s Lumina Village Dec 13, 2021 The JV between Bruntwood and Trafford Council has selected Glenbrook to deliver the housing element of their £210m Lumina Village scheme. The 12-acre site is being redeveloped to include 750 houses, 200,000 sq ft of commercial and office space, a primary school, hotel and more. Andrea George, Regional Director at Bruntwood Works, said: “In Glenbrook […] Posted by: Mya Driver Read more
Amstone submits plans for £100m BtR development Dec 13, 2021 Amstone Ventures has submitted a planning application for the 3.28 acre former Sainsbury’s site in Stockport town centre for a build to rent-led residential development. The site, situated on Warren Street, close to the historic Market Place and Underbanks area of the town, was purchased by Amstone in March 2021. Architect, Leach Rhodes Walker, has […] Posted by: Mya Driver Read more
NFU Mutual acquires North West warehouse from Aprirose Dec 9, 2021 Aprirose, the real estate investment company, has sold the 127,000 sq ft warehouse at Haydock Industrial Estate, on the M6 between Liverpool and Manchester, it acquired earlier this year. Having agreed the forward purchase of the new prime Grade A unit, on which logistics operator Law Distribution have signed a 15-year lease, Aprirose has taken the opportunity to […] Posted by: Mya Driver Read more
Bradford Council is a partner at flagship sustainable investment event Dec 6, 2021 Bradford Council is playing a key role in regional flagship event which aims to bring together businesses, investors and public sector organisations to plan for a sustainable future for employment, planning and industry. The inaugural UK Real Estate Investment and Infrastructure Forum (UKREiiF) is set to be held in Leeds on 17-19 May 2022. Bradford […] Posted by: Mya Driver Read more
