Acorn Property acquires 12 sites forming £1.2bn development pipeline Apr 4, 2022 Acorn Property Group is on a £390 million (GDV) residential development drive with new sites purchased throughout the South West which will provide 821 homes. This is in addition to further schemes going through the planning process. This follows on from record-breaking sales completions of £158.85 million in 2021: up nearly 250% on the previous […] Posted by: Mya Driver Read more
Moorfield and Stor-Age acquire UK self storage portfolio Mar 23, 2022 UKREiiF attendee Moorfield Group, a UK-focused real estate fund manager (“Moorfield”), announces that is has acquired a 302,000 sq ft self storage portfolio. The acquisition was made behalf on behalf of its Moorfield Real Estate Fund V (“MREF V”) and through its joint venture with Stor-Age (the “JV”), the South African self storage Real Estate […] Posted by: Mya Driver Read more
Newcore’s social infrastructure fund invests £27m in initial four assets Mar 22, 2022 Newcore Capital Management has acquired the maiden assets for its latest value-add, social infrastructure fund. The UK social infrastructure real estate manager said it has invested £27m (€31.4m) acquired the first four assets for Newcore Strategic Situations V LP, a fund seeking to raise £300m. Newcore said it has bought three educational properties in Surbiton, Blackheath and […] 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
Stoford and Church Commissioners JV to develop 500,000sq ft of industrial space Mar 1, 2022 Leading commercial property developer, Stoford has announced a new site wide agreement with the Church Commissioners for England that will unlock future phases of development at a job creating industrial scheme in East Devon. The agreement paves the way for the development of an additional c.500,000 sq ft of industrial/logistics accommodation at Exeter Logistics Park, […] Posted by: Mya Driver Read more
Castleforge strengthens hotel portfolio with acquisition of the Abbey Hotel in Bath Feb 17, 2022 Castleforge has today announced the acquisition of the Abbey Hotel in Bath. The historic boutique hotel occupies three Georgian houses in the centre of Bath and now operates as a Tribute Portfolio Hotel, one of Marriott International’s collection brands. The 65-room hotel boasts newly renovated guest bedrooms, a terrace patio for al fresco dining and […] Posted by: Mya Driver Read more
Empiric Student Property acquires Bristol PBSA asset in Bristol for £19m Feb 15, 2022 Empiric Student Property plc (ticker: ESP), the owner and operator of premium student accommodation across the UK, is pleased to announce that it has acquired the freehold of a new 92-bed purpose-built studio asset in a prime location in Bristol city centre from McLaren Property for £19.0 million. The purchase price is being funded from […] Posted by: Mya Driver Read more
Aviva Investors’ Lime Property Fund acquires Bath based student accommodation Feb 14, 2022 Aviva Investors, the global asset management business of Aviva plc (‘Aviva’) announces it has completed the purchase of a purpose-built student accommodation (PBSA) in Bath on behalf of the Lime Property Fund (‘Lime’ or ‘the Fund’), acquiring Green Park House from Bath Spa University. As part of the transaction, the Fund has simultaneously entered into […] Posted by: Mya Driver Read more
L&G buys six UK industrial estates from CBRE Investment Management Feb 8, 2022 Legal & General (L&G) has acquired a portfolio of six UK industrial estates from CBRE Investment Management for an undisclosed amount. CBRE Investment Management, which sold the Porto Portfolio on behalf of a separate account client, said the 403,087sqft portfolio comprises multi-let industrial estates located in Oxford, Maidstone, Southampton, Huntingdon, Bristol and Gloucester. Richard Dean, the […] Posted by: Mya Driver Read more
Vistry Group acquires key Devon city location for 650 new homes Feb 3, 2022 Vistry Group has acquired land in Exeter to build more than 650 homes – adding to the housebuilder’s presence on the edge of the city centre. Vistry South West – which builds Bovis Homes and Linden Homes properties – is set to start work on the north side of the Alphington location in the spring. […] Posted by: Mya Driver Read more
