L&G and Oxford University set to deliver accommodation as part of £4bn partnership Apr 7, 2022 Legal & General and Oxford University are pleased to announce that they have agreed the development of Court Place Gardens, an estate containing new postgraduate homes specifically designed for families, as part of Legal & General and Oxford University’s £4bn partnership. The development of Court Place Gardens, in Iffley, Oxfordshire, is the first residential site […] 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
Land at Preston Down Road, Paignton Jun 5, 2023 Boyer’s Cardiff and Bristol office are pleased to have secured Full Planning Permission for up to 101 dwellings (including 30 affordable homes) on either side of Preston Down Road, Paignton on behalf of Torbay Development Agency (TDA). The landscape-led development will deliver a broad range of high-quality accommodation in the form of a variety of […] Posted by: Mya Driver Read more
Landsec announces the purchase of an additional 25% stake in Bluewater Dec 22, 2021 Landsec has today announced that it has completed the acquisition of an additional 25% share in Bluewater from Lendlease Retail Partnership for £172m representing a net initial yield of 8.15% and an equivalent yield of 8.25%. In a separate deal, Landsec will sell 25% of this share to co-owner M&G for its pro rata share […] Posted by: Mya Driver Read more
Legal & General Modular Homes announces new joint venture to deliver 1000 new homes Jan 13, 2023 Legal & General’s Suburban Build-to-Rent business (LGSBTR) and Cala Homes have agreed an exchange of 107 homes at Buckler’s Park, Crowthorne, in the South East of England. This is the first forward funding transaction between LGSBTR and major homebuilder Cala, which are both owned by Legal & General Capital. Legal & General Secure Over 100 […] Posted by: Mya Driver Read more
Legal and General IM acquires 6.2-acre site for logistics scheme Jun 29, 2022 Legal & General Investment Management (LGIM Real Assets) has acquired a 6.2-acre freehold estate in Horsham, West Sussex on behalf of its Industrial Property Investment Fund (“IPIF”). LGIM Real Assets and its development partner, Graftongate, plan to speculatively develop a prime multi-unit industrial/logistics scheme on the site of Wilberforce House in Southwater, south of Horsham […] Posted by: Mya Driver Read more
Life sciences real estate investment within the ‘Golden Triangle’ totals £496m in Q1 2023 May 2, 2023 Investment into commercial real estate for the UK’s life sciences sector in the Golden Triangle, the area spanning London, Cambridge and Oxford and the UK’s leading market for life sciences and innovation, totalled over £496m in Q1 2023, according to leading global property adviser Knight Frank. This figure represents the highest first quarter investment total […] Posted by: Mya Driver Read more
Local authority acquires site to deliver 1,000 affordable homes Jun 13, 2022 Maidstone Borough Council (MBC) has just completed the purchase of the former Springfield library site on Sandling Road. Cllr David Burton, Leader of Maidstone Borough Council has set out the ambition to initially acquire 1000 houses under MBC ownership and control which will be reserved for Maidstone people at affordable rents. The policy move, has […] Posted by: Leon Newton Read more
LondonMetric acquires £16m Luton urban logistics warehouse Feb 9, 2022 LondonMetric Property Plc (“LondonMetric”) announces the acquisition of an urban logistics warehouse in Luton from Marcol Industrial Investments for £15.5 million. The 168,000 sq ft property is located on Luton Enterprise Park, close to Luton town centre and J11A of the M1. It is let to two occupiers with a WAULT of three years. The […] Posted by: Mya Driver Read more
M7 capital provides £7.4m loan to support acquisition of a shopping centre in Kent Feb 14, 2023 M7 Capital, a full-service real estate debt specialist, announces that it has provided, on behalf of its UK debt fund TREC II, a £7.4 million loan to David Samuel Properties. The loan is secured against Bouverie Place shopping centre located in the coastal town of Folkestone in Kent comprising multiple units that extend to a […] Posted by: Mya Driver Read more
Macquarie Asset Management agrees to acquire majority stake in Southern Water Aug 11, 2023 Macquarie Asset Management has today announced it has reached an agreement to acquire a majority stake in Southern Water Services Limited (‘Southern Water’). Southern Water provides essential services to 2.6 million water and 4.7 million wastewater customers across Kent, Sussex, Hampshire, and the Isle of Wight. Under the agreement reached with Southern Water’s existing shareholders, […] Posted by: Mya Driver Read more
Macquarie Asset Management divests East Anglia ONE stake May 1, 2024 Macquarie Asset Management has reached an agreement to divest a 10 per cent stake in East Anglia ONE offshore wind farm to NTR, a leading renewable energy specialist (on behalf of the L&G NTR Clean Power (Europe) Fund (the “Fund”) and one of the Fund’s investors, The Development Bank of Japan Inc). East Anglia ONE […] Posted by: David Gilbank Read more
