King’s Oak to acquire McKay Securities residential conversion in £19m deal Feb 2, 2022 McKay Securities Plc (McKay), the only UK REIT specialising entirely in the South East and London office, industrial and logistics markets, announces that it has exchanged contracts to sell the freehold interest of Great Brighams Mead, a prominent office building located in Reading’s town centre, to residential property developer King’s Oak. The sale price of […] Posted by: Mya Driver Read more
Alternative Income REIT acquires Slough showroom in £5m deal Jan 31, 2022 The Board of Directors of Alternative Income REIT PLC (ticker: AIRE), the owner of a diversified portfolio of UK commercial property assets predominantly let on long leases with inflation-linked rent reviews, is pleased to announce that the Company has completed the acquisition of the Volvo car showroom in a prime location on the A4 Bath […] Posted by: Mya Driver Read more
BMO acquires logistics asset and supermarket in latest spree Jan 25, 2022 UKREiiF attendee BMO Real Estate Partners (BMO REP), the pan-European property investment and asset management specialist arm of BMO Global Asset Management (EMEA), has acquired a Lidl store in Chichester, West Sussex for £9.5 million, reflecting a 4% net initial yield. The investment has been undertaken on behalf of a separate account mandate, for which […] Posted by: Mya Driver Read more
Galliard acquires three development sites Jan 24, 2022 Galliard Homes has acquired three key London commuter sites for £265m of residential development. The deals for sites in Redbridge, Ipswich and Milton Keynes follow a successful period last year when Galliard sold out schemes with a combined development value in excess of £800m. In the biggest deal, Galliard has acquired ‘The Point’, a former […] Posted by: Mya Driver Read more
Crest Nicholson strikes £120m PRS deal with Oaktree Jan 19, 2022 Award-winning developer Crest Nicholson has announced its biggest Private Rental Sector (PRS) deal, worth £120m, with funds managed by leading global investment management firm, Oaktree Capital Management, L.P. (“Oaktree”) and CompassRock International (“CompassRock”). The transaction involves the sale of 403 units across three key developments in Southern England, offering high quality private rental units to […] Posted by: Mya Driver Read more
Palace Capital acquires Maidenhead office building for £10.25m Jan 17, 2022 UKREiiF attendee Palace Capital, the Main Market property investment company that has a diversified portfolio of UK commercial real estate in carefully selected locations outside of London with a focus on the office & industrial sectors, announces that it has acquired 22 Market Street, an office building in the centre of Maidenhead, Berkshire for £10.25 […] Posted by: Mya Driver Read more
South East office investment hit record £4bn in 2021 Jan 12, 2022 The South East office market saw a record £4.02 billion of investment turnover in 2021, more than double the 2020 figure of £1.93bn and 45% above the 10-yr annual average for the region. The year also witnessed a record Q4, which saw £1.54 billion of office stock traded. Overseas capital accounted for 59% of investment […] Posted by: Mya Driver Read more
Landsec announces the purchase of an additional 25% stake in Bluewater Dec 22, 2021 Landsec has today announced that it has completed the acquisition of an additional 25% share in Bluewater from Lendlease Retail Partnership for £172m representing a net initial yield of 8.15% and an equivalent yield of 8.25%. In a separate deal, Landsec will sell 25% of this share to co-owner M&G for its pro rata share […] Posted by: Mya Driver Read more
Palace Capital nears completion of disposal strategy with two further sales Dec 20, 2021 Palace Capital, the Main Market property investment company that has a diversified portfolio of UK commercial real estate in carefully selected locations outside of London with a focus on the office and industrial sectors, announces that it has completed the sale of Russell House, Walton on-Thames, Surrey for £2.625 million and exchanged contracts to sell […] Posted by: Mya Driver Read more
Kennedy Wilson acquires premier office campus on the South Coast in £61m deal Dec 20, 2021 Global real estate investment company Kennedy Wilson has acquired Forum, a wholly-owned institutional quality office campus for $81 million. Located on the South Coast of the UK, midway between Southampton and Portsmouth, the Forum includes 252,000 square feet of office space across five buildings on a picturesque 30-acre site with lakes, trails, and lush landscaping. […] Posted by: Mya Driver Read more
