SEGRO Acquires retail park with data centre redevelopment potential in Slough Jan 12, 2023 SEGRO plc has acquired Bath Road Shopping Park in Slough, from Royal London Asset Management for £120 million. The retail park is strategically located next to the Slough Trading Estate and covers approximately 11.4 acres. It includes 10 retail warehouse units, roughly one third of which are currently vacant thereby providing immediate opportunities for asset […] Posted by: Mya Driver Read more
Aviva Investors acquires distribution warehouse at Suttons Business Park, Reading Jan 11, 2023 Aviva Investors, the global asset management business of Aviva plc (‘Aviva’), announces it has acquired an urban distribution warehouse at Suttons Business Park, located on the outskirts of Reading, Berkshire. The high-specification, single-let unit spans over 210,000 sq ft and features 53 cross-docking bays with space for over 140 vehicles, an integrated three-storey office facility […] Posted by: Mya Driver Read more
Kingsbridge Estates acquires strategic logistics development site at Segensworth, near Southampton Jan 10, 2023 Leading commercial property developer Kingsbridge Estates has completed the purchase of a 4.7-acre site at Segensworth, near Southampton, and will bring forward plans to deliver a new industrial development. The Chichester-based developer, working with a joint venture partner, has acquired Chartwell Court and proposes to submit a planning application to develop a new 110,000 sq.ft […] Posted by: Mya Driver Read more
Maidstone Council committed to deliver 1,000 affordable homes Dec 19, 2022 Maidstone Borough Council (MBC) has commenced an ambitious project to build 1,000 new affordable homes in the borough and has started to make positive strides to achieve this. MBC recognises the need for more affordable housing in the area and is determined that those in the local community who may not be able to afford […] Posted by: Mya Driver Read more
PIC invests £40 million in South East based social housing provider ‘Housing Solutions’ Dec 15, 2022 Pension Insurance Corporation plc (‘PIC’), a specialist insurer of defined benefit pension funds, has invested £40 million as debt in Housing Solutions, which owns and manages c. 7,500 properties in the South East of England. Following a competitive process run by Centrus, PIC was selected as the preferred capital markets funder in a total transaction […] Posted by: Mya Driver Read more
Planning approved: Cambridge International Technology Park Dec 1, 2022 Scott Brownrigg’s design for over 600,000 sq ft of speculative office and laboratory buildings for Biomed Realty has received planning approval. The.15 acres site at Fulbourn Road Cambridge will provide 600,000-net-sq-ft of laboratory and office space, aimed at life sciences, biotechnology and more traditional office occupiers. To be known as Cambridge International Technology Park, the […] Posted by: Mya Driver Read more
£2.5m backing for new Brighton open water swimming centre Nov 23, 2022 A new open air swimming centre with a host of facilities is due to open on East Brighton’s seafront in Spring 2023, with the backing of a £2.5m loan. Set on the site of the former Peter Pan playground on Madeira Drive in East Brighton, the Sea Lanes development will feature a 50m heated outdoor […] Posted by: Mya Driver Read more
Kadans buys Oxford Biomedica Windrush Court Site for £60m Nov 15, 2022 Kadans Science Partner will add Windrush Court in Oxford, UK to its Pan-European portfolio. The asset will be acquired from Oxford Biomedica in a sale and lease back transaction. Windrush Court is a c.75,000 sq ft building which will be leased back, in its entirety, to Oxford Biomedica. Oxford Biomedica works across key viral vector […] Posted by: Mya Driver Read more
Developer secures extra £10m funding for eco-friendly retirement village Nov 14, 2022 An eco-friendly village for over-55s, in Burnham-on-Crouch, Essex, is set to grow further following the developer’s securement of an additional £10m of funding for the project from Shawbrook. The new finance will support the expansion of the first part of Burnham Waters by an additional 19 bungalows, taking the total for this phase to 63 […] Posted by: Mya Driver Read more
Funding 365 completes £6.5m development exit bridging loan Nov 11, 2022 Funding 365 has completed a £6.5 million bridging loan at 70% LTV to refinance two apartment blocks in Maidenhead. The 9 month loan, introduced by West Rock Capital, enables the developer borrower to exit their development funding and complete the sale of multiple units. Funding 365 took security over 33 apartments across the two blocks, […] Posted by: Mya Driver Read more
