Get Living and Watkin Jones partner on £136m Birmingham scheme Apr 5, 2022 A £136m forward funding deal has been agreed, that will deliver 551 new homes on Sherlock Street in Birmingham, 500m from the Bull Ring shopping centre. The scheme by Watkin Jones will be its largest build to rent development to date. Working with investor Get Living, the plans feature one, two and three-bed apartments, 27 […] 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
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
Aver acquires Trebor Developments M6 industrial scheme Mar 3, 2022 Trebor Developments and Seddon Developments have sold their Prime Point 14 speculative, industrial, development to Aver Property Limited Partnership. The site lies one minute from Junction 14 on the M6 Motorway. The two units of 66,628 sq ft and 76,742 sq ft will be constructed during 2022 by Seddon Construction Limited and provide high quality, […] Posted by: Mya Driver Read more
LXi REIT acquires two assets in £73m deal Mar 3, 2022 Following their recent £250m fundraisers the firm, who are attending UKREiiF, have splash £73m on a set of new assets. One is an Asda food store in Birmingham and the other a training and conference facility in Stafforshire. The two acquisitions, transacted on an off-market basis, reflect an accretive 5.4% net initial yield versus the […] 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
Birmingham Smethwick Corridor to create major regeneration opportunity Feb 7, 2022 A plan for the regeneration of the Smethwick to Birmingham Corridor is going to cabinet for approval this week, providing a strategy for housing, transport and local heritage as the area is redeveloped. The Smethwick to Birmingham Corridor Framework promotes a co-ordinated approach to regeneration within the area encompassing Birmingham Mainline Canal, City Hospital and […] 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
Industrials REIT completes a further £17m of multi-let industrial acquisitions Jan 18, 2022 Industrials REIT, the UK multi-let industrial (“MLI”) property company, announces that it has completed two MLI acquisitions. The total consideration for the acquisitions is £17.01 million and reflects a blended net initial yield (“NIY”) of 5.8% and an average capital value of £98 per sq ft. These purchases add another 173,000 sq ft of MLI space, and […] Posted by: Mya Driver Read more
JR Capital and Chancerygate’s £100m multi-let industrial property fund makes final 5 acquisitions Jan 5, 2022 JR Capital and Chancerygate’s £100m multi-let industrial property investment fund has acquired five assets for a combined value of more than £16m. The deals mark the conclusion of the fund’s acquisitions boosting its portfolio of industrial space to 24 assets comprising 150 units totalling 1,050,000 sq ft on sites ranging from Dundee to Exeter. The […] Posted by: Mya Driver Read more
