Built Environment Networking Blog: South East News

Fiera and Wrenbridge acquire 4.5-acre site for industrial scheme

Fiera Real Estate (“FRE UK”) and Wrenbridge are pleased to announce the acquisition of a 4.5-acre site on Limberline Road in Portsmouth to develop a multi-unit Grade A industrial scheme with a GDV in the region of £33m. The business plan is to obtain planning permission for seven industrial units ranging between 6,319 sq.ft to […]

Posted by: Leon Newton

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Former Manston Airport’s £500m redevelopment approved by DfT

Riveroak Strategic Partners (RSP) has gained approval from the Department for Transport to move forward their bid to transform the former Manston Airport into a carbon net zero freight and passenger hub. The scheme will see the creation of new import/export facilities and an upgraded passenger terminal – in addition to key infrastructure improvements to […]

Posted by: Mya Driver

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FTSE 250 REIT sells 2 properties for £28 million

LondonMetric Property Plc (“LondonMetric”) has sold two assets for £28.2 million, reflecting a blended NIY of 4.6%. The separate transactions comprise: • a 61,000 sq ft retail park in Tonbridge, for £22.0 million, reflecting a NIY of 5.25%. Acquired for £11.5 million in 2013 when it was let to B&Q and Halfords, LondonMetric accepted a […]

Posted by: Mya Driver

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Fund advised by DRC Savills Investment Management finances mixed-use portfolio in Cambridge owned by Tristan Capital Partners

A fund advised by European investment advisor, DRC Savills Investment Management LLP (“DRC SIM”), has provided a whole loan to finance the acquisition of a portfolio of four industrial and office assets at Dales Manor Industrial Park purchased by EPISO 6, a fund managed by Tristan Capital Partners (“Tristan”). The portfolio, located in southern Cambridge, […]

Posted by: Mya Driver

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Funding 365 completes £6.5m development exit bridging loan

Funding 365 has completed a £6.5 million bridging loan at 70% LTV to refinance two apartment blocks in Maidenhead. The 9 month loan, introduced by West Rock Capital, enables the developer borrower to exit their development funding and complete the sale of multiple units. Funding 365 took security over 33 apartments across the two blocks, […]

Posted by: Mya Driver

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Galliard acquires three development sites

Galliard Homes has acquired three key London commuter sites for £265m of residential development. The deals for sites in Redbridge, Ipswich and Milton Keynes follow a successful period last year when Galliard sold out schemes with a combined development value in excess of £800m. In the biggest deal, Galliard has acquired ‘The Point’, a former […]

Posted by: Mya Driver

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Get Living and Watkin Jones agree £71m forward funding for BtR scheme

Get Living, the UK’s pioneer of large-scale build to rent neighbourhoods and Watkin Jones, the UK’s leading developer and manager of residential for rent homes have agreed a c.£71 million forward funding deal to deliver 214 new rental homes at Randalls Way, Leatherhead. The development will be the first operational BTR scheme in Leatherhead, which […]

Posted by: Mya Driver

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Goldmoney Inc. Establishes Real Assets Investment Strategy with First Acquisition of Commercial Property in the UK

On June 26, 2023, Goldmoney Properties completed the acquisition of a landmark 219,258 (GIA) square foot Class A building near the Port of Southampton from Aviva Investors Lime Property Fund for consideration of £33 million (CAD $55.4 million) in an all-cash transaction. Built in 2009 by a subsidiary of Land Securities Corp, the property is […]

Posted by: Mya Driver

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Government Invests £500 Million in Oxford-Cambridge Growth Corridor

The government is accelerating growth across the Oxford to Cambridge Corridor with a major £500 million investment package aimed at delivering new homes, infrastructure, and business space, while strengthening transport links and creating thousands of new jobs. Communities and businesses across the region will benefit from improved connectivity, including the reopening of the Cowley Branch […]

Posted by: Mya Driver

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