Mayfair Capital acquires Manchester asset in £35m deal May 24, 2022 Helical plc, a UK real estate investment trust specialising in the redevelopment and refurbishment of highly sustainable, best-in-class London office buildings announces that it has simultaneously exchanged and completed contracts on the sale of Trinity in Manchester, to clients of Mayfair Capital, for £34.55m (£590 psf), reflecting a net initial yield of 5%. The sale […] Posted by: Leon Newton Read more
Network Space Acquires former Manchester College Site May 23, 2022 Network Space Developments has acquired a 2.8-acre site on Welcomb Street, Openshaw, from the LTE Group for an undisclosed sum.The former Manchester College site, accessed from the Ashton Old Road (A635), currently comprises of eight buildings of varying ages and sizes which were previously used as classrooms and workshops by the Manchester School of Building.Initial […] Posted by: Leon Newton Read more
Greater Manchester announces partners and programme for UKREiiF Apr 25, 2022 Greater Manchester has announced that it will attend UKREiiF, the UK’s Real Estate Investment and Infrastructure Forum, for the first time when it comes to Leeds next month. The three-day event will connect over 3,500 investors, developers, public sector bodies, funders, and end-users to inward investment as Greater Manchester joins up with Liverpool City Region […] Posted by: Mya Driver Read more
Capital&Centric and Kamani Property Group submit plans for new Ancoats community Mar 23, 2022 Plans to create a vibrant canalside community at Manchester’s Ancoats Works have been submitted to Manchester City Council by developers Capital&Centric and Kamani Property Group. New images of the £50 million project – including canalside apartments, town houses, gardens and a new café bar or store – have been revealed. They show the proposed designs […] Posted by: Mya Driver Read more
Octopus and New Care partner to develop £80m five asset care home portfolio Mar 22, 2022 On behalf of the New Care group, Knight Frank LLP has advised on a strategic funding partnership with Octopus Real Estate to finance the development of five future proof care homes valued at circa £80m. The care homes will be constructed by the McGoff Group and operated by New Care after practical completion. The fit […] 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
Accrue Capital secures M7 Capital loan to refinance two assets Mar 7, 2022 M7 Capital, a full-service real estate debt specialist, announces that it has provided, on behalf of its UK debt fund TREC II, a £4 million loan to Accrue (Forum) LLP. The Sponsor (Accrue Capital) is a property investment, development, and asset management business with experience across all real estate sectors. The company invests its own […] Posted by: Mya Driver Read more
Plans submitted to redevelop former landfill site in Carrington for industry use Mar 3, 2022 Plans for a 200,000 sq ft development for industrial use in Carrington, Greater Manchester have been submitted. Natural resources and energy business Peel NRE has applied to Trafford Council to build the development at the partially restored former landfill site known as Peaksnook between Manchester Road (A6144) and the Manchester Ship Canal. The site, which […] 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
GLP acquires Trafford Park 9-acre logistics site Mar 1, 2022 GLP has acquired a logistics site in Trafford Park in Manchester totalling nine acres. The site is currently occupied by Tenmat, a leading manufacturer of advanced materials and components who is subsequently relocating to a site in Irlam at the end of 2022, and has significant redevelopment potential. Cushman & Wakefield advised Tenmat on the […] Posted by: Mya Driver Read more
