Urban Logistics REIT Makes Edinburgh Purchase From M7 Real Estate Apr 26, 2021 M7 Real Estate (“M7”), the pan-European investor and asset manager specialising in multi- tenanted properties, announces the sale of a retail warehouse in Edinburgh, Scotland, to Urban Logistics REIT for approximately £13.2 million, on behalf of the M7 Box+ II fund (the “Fund”). The sale represents a net initial yield of 6.2%. The asset, in […] Posted by: Nathan Spencer Read more
Urban Logistics REIT Proposes Higher Offer for Abrdn Property Income Trust Feb 21, 2024 Urban Logistics REIT has ignited a competitive bidding process with a counteroffer for the Abrdn Property Income Trust, setting a 13 per cent premium over the bid from Custodian Property Income. This escalation marks a heated contest for the trust, spotlighting the vigorous activity in the realm of real estate investment trusts aimed at broadening […] Posted by: Mya Driver Read more
Urban Logistics REIT secures four assets Sep 17, 2024 Having successfully refinanced its £151m debt facility, FTSE 250 company Urban Logistics REIT has deployed funds to secure four logistics assets totalling £42.4m. The business has replaced its existing £100m term loan and £51m revolving credit facility with a new £140m term loan and £50m revolving credit facility. The four strategic assets will achieve a […] Posted by: Deividas Krupstas Read more
Urbanite Living Announces £130 Million Sale of Nationwide Student Accommodation Portfolio Feb 8, 2024 Urbanite Living has put its extensive portfolio of 999 student flats, valued at £130 million, on the market. This portfolio spans across the UK, featuring properties in key cities such as Leeds, York, Glasgow, and others, underscoring the company’s strategic shift towards reinvesting in new ventures. Over the past five years, Urbanite Living has focused […] Posted by: Mya Driver Read more
Virgin Media O2 commits to £10bn investment into digital infrastructure Feb 15, 2022 Virgin Media O2 has revealed that its 5G network has now hit two thirds of the capital, giving London the largest 5G footprint within the group. The telecoms giant has committed to investing at least £10bn in the UK, and has delivered 5G to more than 2,000 sites across the country last year. It has […] Posted by: Mya Driver Read more
Vistry Group secures additional grant funding from Homes England Jul 27, 2023 Vistry Group (Vistry) has secured an additional £67m from Homes England to deliver grant funded affordable homes in the period 2021-26. This brings the total Strategic Partnership affordable housing grants funding to £150m and will enable Vistry to deliver 2,388 affordable homes in partnership with Registered Providers and Local Authorities across England. A significant proportion […] Posted by: Mya Driver Read more
Vistry set to acquire Countryside in £1.2bn deal Sep 5, 2022 An agreement has been struck for housebuilder Vistry to acquire Countryside – with Countryside shareholders receiving 0.255 of a Vistry share for each of their shares, plus 60p. Five major shareholders who make up around 40% of the shareholding have backed the plans in addition to the boards of both companies. The merge creating one […] Posted by: Mya Driver Read more
Warehouse REIT Plc: Strong operational performance, successful disposal programme and weighting towards multi-let sector provide a strong platform for growth Jun 6, 2023 Neil Kirton, Chairman of Warehouse REIT commented: “This financial year saw a marked divergence between equity market valuations and the continued strength of the occupier market. Operationally, our performance has been strong; our focus on multi-let assets in key industrial hubs where demand remains firm but supply is constrained is paying off with like-for-like growth […] Posted by: Mya Driver Read more
Wealth Club launches new investment range Jun 15, 2023 Seccl, the Octopus-owned embedded investment platform, is supporting the launch of a new investment range for Wealth Club, the UK’s largest investment service for experienced investors. Founded in 2016 by former Hargreaves Lansdown director and shareholder Alex Davies, Wealth Club boasts over 50,000 members and 11,000 active investors, who have collectively invested more than £1.1 […] Posted by: Mya Driver Read more
Whitbread Sells 51 Restaurants for £56 Million Oct 16, 2024 Whitbread, the parent company of Premier Inn, has completed the sale of 51 restaurants for a total of £56 million. This move is a critical part of Whitbread’s broader cost-cutting and restructuring strategy aimed at streamlining its operations and focusing on more profitable ventures, particularly its Premier Inn hotel brand. Earlier this year, Whitbread announced […] Posted by: Deividas Krupstas Read more
Zedwell Hotels secures £25m to drive hotel expansion plans Oct 14, 2024 Criterion Capital has secured a £25 million investment facility from Cynergy Bank, setting the stage for an ambitious expansion of its pioneering Zedwell hotel brand. This funding will propel Criterion Capital’s vision of redefining hospitality with its sleep-centric, design-forward hotel concept. Zedwell hotels are urban sanctuaries, offering rooms – aptly named “cocoons” – designed to deliver […] Posted by: Deividas Krupstas Read more
British Land’s plans for logistics sites in London, Sheffield and Teesside Apr 14, 2021 Property development giants British Land has divulged further details of its plan to create a logistics portfolio. The retail specialists today released a trading update report, ahead of the announcement of its full-year results on May 26, and in it outlined its wish to take advantage of the unrelenting growth in demand for warehousing. The […] Posted by: Mark Flanagan Read more
