Built Environment Networking Blog: East Midlands News

BMO Commercial Property Trust increases logistics exposure with £76.5m of investment activity

UKREiiF attendee BMO Commercial Property Trust Ltd (“BCPT”), which is managed by BMO Real Estate Partners (BMO REP), the pan-European property investment and asset management specialist arm of BMO Global Asset Management (EMEA), announces that it has increased the portfolio’s industrial weighting to 29.3% following the acquisition of two high-quality logistics assets in the UK […]

Posted by: Mya Driver

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Brackley Property Developments gains approval for light industrial scheme in Leicester

Planners have granted consent for a new scheme in Leicester that will deliver c.30,400 sq ft of light industrial accommodation. Commercial developer, Brackley Property Developments (BPD), will redevelop a brownfield site off Blackbird Road near Leicester city centre, on behalf of Leicester City Council. The redevelopment of the Ian Marlow Centre, a former council depot, […]

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Cassidy Group bring forward latest PBSA project

New plans have emerged from developer Cassidy for a new student accommodation scheme in the Lenton area of Nottingham. The development, designed by Maber, would sit close to the University of Nottingham’s Jubilee Campus at 2a Triumph Road. The site currently include a terrace of single storey retail units which front onto Triumph Road, occupied […]

Posted by: Mya Driver

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CEG and housebuilder consortium get to work on 4,500 Thorpebury development

A housebuilding consortium comprising Davidsons Homes, William Davis Homes and David Wilson Homes has now broken ground on the first phase of 574 homes, open space and infrastructure at the Thorpebury development to the North-East of Leicester. Developer CEG, the landowner and the consortium exchanged contracts earlier this year to bring forward much-needed homes, including […]

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CEG submits plans for 412,000 sq ft employment development

Commercial Estates Group (CEG) and property developer HBD have submitted a detailed planning application for circa 412,745 sq. ft. (38,345 sq. m.) of employment space on a 12ha site to the south-east of Penniment Farm, close to Mansfield. The site is allocated within the Mansfield District Council Local Plan for residential and employment use, with […]

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Clarion Partners Europe re-enters UK warehouse market with £52 million double acquisition

Clarion Partners Europe (Clarion), the real estate investment fund manager specialising in logistics and industrial assets, has acquired two modern, institutional quality distribution warehouses, totalling 438,444 sq ft, in Peterborough, UK, for £52 million, from Equities Property Fund. The investments represent the first by Clarion Partners Europe in the UK since 2016, a market where […]

Posted by: Mya Driver

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Clearbell announces £59m of acquisitions

Logistics portfolio in the East Midlands acquired for £29m; Milton Keynes retail park purchased for £16m from abrdn; St Alban’s office asset bought for £14m from Aviva. Clearbell UK Strategic Trust (CST), a fund advised by Clearbell Capital today announces the acquisition of three assets for £59m. The trust has acquired a mixed portfolio of […]

Posted by: Mya Driver

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Clowes Developments and Bellway JV to deliver 800-homes

Clowes and Bellway have joined forces with their combined land holdings in Chellaston to form Snelsmoor Grange. The planning application for the residential development was submitted jointly to Derby City Council and received approval in March 2022. The 800-home development will form part of Boulton Moor, a larger settlement on the outskirts of Chellaston. Following […]

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Clowes Developments confirm purchase of 31-acre development site, Harrier Park in Hucknall, Nottingham

Clowes Developments have successfully purchased a 31-acre site at Harrier Park, Hucknall from Rolls-Royce via their Development manager Muse. The business park has been fully serviced by Muse and has the benefit of planning permission for circa 500,000 sq ft of warehouse/industrial space across six buildings. The site is located just on the edge of […]

Posted by: Mya Driver

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Columbia Threadneedle acquires Midlands distribution centre

Midlands-based property investor Colmore Capital has successfully sold its 33,615 sq ft distribution unit Swift 34 in Rugby to institutional buyer, Columbia Threadneedle. The unit was sold in December 2021, taking under a month from initial marketing to exchange. The initial asking price of £4.6m represented a net initial yield of 5.2%. The distribution unit, […]

Posted by: Mya Driver

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