JR Capital and Chancerygate’s Fund acquires industrial estate Nov 11, 2024 Cranham Industrial Estate in Worcester has been acquired by amulti-let urban logistics investment fund. Managed by property investment company JR Capital and asset manager Chancerygate, the fund acquired the 67,850 sq ft fully let industrial estate from DTZ Investment Management for an undisclosed sum. Located on Cotswold Way, Cranham Industrial Estate is just under two […] Posted by: Deividas Krupstas Read more
Keepmoat to deliver 4,000 new homes targeting net zero as it becomes new strategic partner of WMCA Jul 5, 2023 Top 10 homebuilder Keepmoat has announced it has become the latest strategic partner of the West Midlands Combined Authority (WMCA), with a commitment to build 4,000 additional new homes in the West Midlands. Keepmoat has also made a committement to aim to achieve net zero carbon emissions when building on brownfield sites and to increase […] Posted by: Mya Driver Read more
Lancaster University gets £60m loan from Santander UK Jan 12, 2023 Santander UK has provided Lancaster University with a £60m sustainability-linked five-year revolving credit facility. It is one of the first such loans Santander UK has provided to a UK university. The funding provides Lancaster University, which has been a Santander UK client since 2014, with cash reserves required to meet its operational costs and funds […] Posted by: Mya Driver Read more
Legal & General Affordable Homes Acquires 487 Affordable Homes in Birmingham Dec 18, 2024 Legal & General Affordable Homes (LGAH) has announced the acquisition of 487 affordable homes in Perry Barr from Birmingham City Council. This strategic acquisition reinforces Legal & General’s (L&G) continued commitment to addressing the UK’s housing shortage and supporting regional development in the West Midlands. The acquisition forms part of L&G’s broader investment strategy in […] Posted by: Mya Driver Read more
Likely go-ahead for 600 Birmingham Student Units Feb 16, 2023 The proposed transformation of a Birmingham brownfield site into 600+ student units seem likely to be greenlit. Fusion Birmingham Devco wants the go-ahead to build on land west of Bristol Road and north of Stone Road, the former site of The Trees Pub. The construction will comprise of four linked blocks up to 17 storeys. […] Posted by: Mya Driver Read more
LondonMetric acquires two NNN Retail assets for £23m May 23, 2022 LondonMetric Property Plc has acquired a portfolio comprising two NNN retail assets for £23.3 million, reflecting a blended NIY of 6.7%.The properties generate a rent of £1.6 million p.a., which equates to £13.90 psf. They have a WAULT of six years and comprise: • a 76,000 sq ft property in Evesham, which is predominantly let […] Posted by: Leon Newton Read more
LondonMetric acquires two urban logistic assets for £29m Apr 27, 2022 LondonMetric Property Plc (“LondonMetric”) announces the acquisition of two urban logistics properties for £28.8 million, in separate transactions, reflecting an anticipated blended yield of 4.5% and a reversionary yield of 5.0%. The properties are expected to generate a rent of £1.4 million p.a. and comprise: a 125,000 sq ft urban logistics forward fund development at […] Posted by: Mya Driver Read more
LondonMetric sells five distribution warehouses for £35 million Mar 28, 2023 LondonMetric Property Plc (“LondonMetric”) announces that it has exchanged on the sale of five assets in two transactions for £34.8 million, which reflects a NIY of 5.0% and a 4% discount to 30 September 2022 book value. Four of the assets have been sold as a portfolio for £25.5 million. The properties have a WAULT […] Posted by: Mya Driver Read more
LXi REIT acquires two assets in £73m deal Mar 3, 2022 Following their recent £250m fundraisers the firm, who are attending UKREiiF, have splash £73m on a set of new assets. One is an Asda food store in Birmingham and the other a training and conference facility in Stafforshire. The two acquisitions, transacted on an off-market basis, reflect an accretive 5.4% net initial yield versus the […] Posted by: Mya Driver Read more
M7 Capital provides £7 million loan to support the acquisition of prime Birmingham office asset Apr 4, 2023 M7 Capital (“M7C”), a full-service real estate debt specialist, announces that it has provided, on behalf of its UK debt fund TREC II, a £7 million loan to Linden Hill Capital (“LHC”), a UK real estate Investment Manager, to support the acquisition of a prime Birmingham office asset, Maple House. TREC II has now deployed […] Posted by: Mya Driver Read more
Major scheme nears decision Jun 6, 2023 Wigley Group’s plans to create a neighbourhood for living and work, culture and leisure in Coventry and form a major new link to city centre could become reality in the next few Weeks. Wigley have been masterminding the Daimler Wharf project to create this neighbourhood for the last five years – including 480 homes, a […] Posted by: Mya Driver Read more
MAYORAL ELECTION IN FOCUS: West Midlands CA Apr 22, 2021 On May 6 a number of Combined Authority mayoral elections will be taking place and, as part of a special series of events, we invited all candidates to explain what their ambitions are in terms of regeneration moving forward? Below are the responses for the candidates in the West Midlands CA who took part Mayor […] Posted by: Mark Flanagan Read more
