Historic Birmingham building set for transformation Dec 9, 2021 Solihull based property developer BPG has been granted planning permission to redevelop the Chamberlain Buildings in Birmingham city centre. The Grade II listed building situated across from Aston University is to be converted into 205 student rooms. BPG has worked with the current owner Birmingham City Council to repurpose the site, previously used as offices, […] Posted by: Mya Driver Read more
Housing Growth Partnership Pours £18m into Midlands’ Housing Boom Sep 4, 2023 The Midlands’ housing sector is set to receive a significant boost, with Housing Growth Partnership (HGP) announcing an equity investment of £17.7 million. This Lloyds-backed venture aims to accelerate the construction of 557 homes across seven distinct housing projects in the region. HGP’s collaboration with a range of established local housebuilders will address the pressing […] Posted by: Mya Driver Read more
HS2 welcomes planning approval for Washwood Heath Depot near Birmingham Feb 3, 2023 Today [Thursday 2 February], Birmingham City Council granted Schedule 17 approval under the HS2 Phase One Act 2017, for HS2’s Washwood Heath Depot, north-east of Birmingham city centre. This is where HS2 trains will be maintained, serviced and stored when not in use, and includes the Maintenance Building, Network Integrated Control Centre (NICC) and Cleaners […] Posted by: Mya Driver Read more
ICG Real Estate acquires Boots’ primary online distribution centre Jun 30, 2022 ICG Real Estate, the real estate division of Intermediate Capital Group (ICG), has acquired the Boots distribution warehouse in Burton-on-Trent as part of a Sale and Leaseback transaction. The 473,232 square-foot, mission critical warehouse is the principal fulfilment and distribution facility for Boots’ online business, with Boots investing heavily into automation at the site in […] Posted by: Mya Driver Read more
Improved East Midlands infrastructure would “deliver 3,000 job boost” says Midlands Connect Oct 8, 2024 New analysis by Midlands Connect has shown that if the rail link is constructed between Coventry, Leicester & Nottingham 3,000 roles will be created during the lifetime of the construction and in the supply chain. This peaks in 2031 at around 850 and averages at around 400 every year. The majority of the roles predicted […] Posted by: Deividas Krupstas Read more
Indurent wins planning consent for c.430,000 sq ft logistics development in Lichfield Aug 29, 2024 Indurent, a leading developer and operator of industrial and logistics space of all sizes across the UK, has secured planning consent for a new 432,000 sq ft industrial and logistics development, which will be known as Indurent Park Lichfield. The park will comprise eight mid-box units ranging from 36,000 sq ft to 83,000 sq ft, […] Posted by: Mya Driver Read more
Industrials REIT completes a further £17m of multi-let industrial acquisitions Jan 18, 2022 Industrials REIT, the UK multi-let industrial (“MLI”) property company, announces that it has completed two MLI acquisitions. The total consideration for the acquisitions is £17.01 million and reflects a blended net initial yield (“NIY”) of 5.8% and an average capital value of £98 per sq ft. These purchases add another 173,000 sq ft of MLI space, and […] Posted by: Mya Driver Read more
Investec provides Hines with financing for West Midlands multi-let industrial portfolio Apr 25, 2024 Investec Real Estate announces that it has provided Hines’ European Value Fund 2 (HEVF2) with financing to complete the acquisition of four multi-let industrial estates in the West Midlands. Acquired from LondonMetric Property, the portfolio comprises 47 units, which are a mix of light industrial, trade and mid-box warehouses, totalling 434,000 sq ft. Three of […] Posted by: Mya Driver Read more
Investment in a portfolio of six care homes in Shropshire and Cheshire for £56 million Jan 10, 2023 The Board of Directors of Impact Healthcare REIT plc (ticker: IHR), the real estate investment trust which gives investors exposure to a diversified portfolio of UK healthcare real estate assets, in particular care homes, is pleased to announce that the Group has invested in a portfolio of six care homes which were owned and operated […] Posted by: Mya Driver Read more
iQ acquires and forward funds 1,209-bed PBSA development adjacent to the University of Warwick Jun 2, 2023 iQ Student Accommodation (iQ), one of the UK’s leading providers of student housing, which is 100% owned by funds managed by Blackstone, today announces it has agreed to forward fund Topland Vintage group, one of the largest privately owned investment groups in the UK, on the development of a 1,209-bed student accommodation and co-living campus […] Posted by: Mya Driver Read more
Joint Venture to bring forward £260m mixed-use project Jan 13, 2023 Cole Waterhouse and Taurus Investment Holdings LLC, a US-based global private equity real estate firm through its UK arm, Taurus RE Investment Ltd (Taurus UK), have completed on the formation of a second joint venture partnership to bring forward a key development site in Digbeth, Birmingham. Upper Trinity Street (UTS), is a £260 million mixed-use […] Posted by: Mya Driver Read more
JR Capital and Chancerygate’s £100m multi-let industrial property fund makes final 5 acquisitions Jan 5, 2022 JR Capital and Chancerygate’s £100m multi-let industrial property investment fund has acquired five assets for a combined value of more than £16m. The deals mark the conclusion of the fund’s acquisitions boosting its portfolio of industrial space to 24 assets comprising 150 units totalling 1,050,000 sq ft on sites ranging from Dundee to Exeter. The […] Posted by: Mya Driver Read more
