Immobel Capital Partners acquires 50% of White Rose Office Park in Leeds Mar 8, 2022 Immobel Capital Partners, the investment management business of Immobel Group, the largest listed real estate developer in Belgium, announces it has signed a sale and purchase agreement to acquire 50% of the White Rose Park from OIRP Investment 10, part of Orion Capital Managers. White Rose is a green office campus situated just outside of […] Posted by: Mya Driver Read more
Inaugural Winners of “The Pitch @ UKREiiF” Announced May 24, 2024 The organisers of UKREiiF, the UK’s premier built environment conference, are thrilled to announce the winner of the inaugural “Pitch @ UKREiiF” competition, held on Thursday, 23rd May at the Pagabo Pavilion at the Royal Armouries in Leeds. Brittany Harris, Co-Founder of Qualis Flow won the big prize – but due to her impending wedding […] Posted by: David Gilbank Read more
Industrial Assets Fetch Over £16 Million in Sales Jun 26, 2023 Investor plc (AEWU) has completed the sale of two industrial assets, fetching a total of over £16 million. The properties, namely Euroway Trading Estate in Bradford and Lockwood Court in Leeds, were sold for £6.45 million and £9.65 million, respectively. AEWU initially acquired Euroway Trading Estate back in November 2016 for £4.95 million, while Lockwood […] Posted by: Mya Driver Read more
Industrials REIT acquires four MLI assets for £21m Apr 20, 2022 Industrials REIT, the UK multi-let industrial (“MLI”) property company, announces that it has acquired four multi-let industrial estates, in Boston, Barnsley, Leeds and Stockton on Tees, for a total consideration of £20.86 million. The purchase price reflects a blended net initial yield (“NIY”) of 5.7% and an average capital value of £80 per sq ft. […] Posted by: Mya Driver Read more
Investec provides GSA with £85m loan to refinance and partially refurbish five UK PBSA assets Mar 22, 2023 21 March 2023: Investec Real Estate (“Investec”) announces that it has provided Global Student Accommodation (“GSA”), the global leader in purpose-built student accommodation (“PBSA”), with an £85 million loan to support the refinance and partial refurbishment of five UK PBSA assets. The properties provide a total of 1,460 beds to students in London, Lincoln, Newcastle, Nottingham, […] Posted by: Mya Driver Read more
Investment Fund Acquires Multiple Properties in Key Cities Aug 22, 2023 The Urban Splash Residential Fund has made a significant investment to expand its portfolio, acquiring 129 homes across Manchester, Salford, and Leeds. This £15 million investment has increased the number of homes in the Urban Splash UK Residential LLP (USUKR) portfolio by 41%, bringing the total to 437 homes. The acquisition also adds £1.3 million […] Posted by: Mya Driver Read more
JV to Build £53m Residential Towers in Sheffield Jul 5, 2024 Torsion Group has partnered with Housing Growth Partnership (HGP) to develop a £53m residential project at Hollis Croft, Sheffield. The development will include 234 Build to Rent (BTR) apartments in blocks ranging from seven to 17 floors. Torsion Construction will serve as the main contractor, with the project set for completion in mid-2026. The scheme […] Posted by: David Gilbank Read more
Karis Capital Facilitates £25 Million Loan To Deliver Student Development In Leeds Feb 13, 2024 Karis Capital, has arranged a £25.25 million development loan for joint venture partners Zenzic Capital and Torsion Group to deliver an impressive 183-unit student accommodation development in Leeds. The capital sourced by Karis will enable Zenzic and Torsion to tackle the current shortage of high-quality PBSA sites across the UK, which has compelled this collaborative […] Posted by: Mya Driver Read more
Kirklees Set to Receive Over £100 Million from Government for Regeneration Projects Mar 6, 2024 Kirklees is poised for a significant transformation with the announcement of over £100 million in government funding allocated to revitalise the region through several key regeneration projects. The Cabinet meeting scheduled for March 12 will see members discuss the formal acceptance of this substantial investment from the Levelling Up Fund, aimed at enhancing local infrastructure […] Posted by: Mya Driver Read more
KKR and Mirastar Acquire Northern Logistics Portfolio Sep 3, 2024 KKR and Mirastar have acquired five logistics units across Sheffield, Salford, Crewe, and Liverpool, totalling 890,000 sq ft. The largest unit, a 346,000 sq ft facility in Sheffield, is leased to Advanced Supply Chain Group. The assets were developed by PLP UK Logistics Venture 1, backed by investors like Ivanhoé Cambridge and The Peel Group. […] Posted by: Mya Driver Read more
Lamington Group launches room2 York project Aug 9, 2024 Lamington Group has announced the launch of its latest project under the award-winning eco-hometel brand, room2. The new property, located in York, is scheduled to begin site development this summer and is expected to open in early 2026. room2 York will be the brand’s first venture in the North of England and the £30 million […] Posted by: Mya Driver Read more
Lamington Group plans three new net zero room2 hometels in the UK Sep 23, 2022 Family-owned real estate investment and development company, lamington group, has announced it will open net zero room2 hometels in York, Glasgow, and Manchester. The move comes as part of the company’s sustainable property development plan and represents an investment of £114 million. The room2 brand currently has 3 operational establishments in the UK, of which […] Posted by: Mya Driver Read more
