ASK provides £10.5m loan facility secured against a prime freehold office building in Solihull Nov 15, 2021 Real estate funding specialist ASK – an attendee at UKREiiF’s annual event – has provided a £10.5m senior loan facility on a 30-month term, secured against a 1.65-acre site which includes a three storey, c.70,000 sq ft office building in central Solihull, currently let to the National Grid. The borrower, managed by the privately-owned […] Posted by: Mya Driver Read more
AXA IM Alts to kickstart Bristol office development Oct 18, 2021 AXA IM Alts, a global leader in alternative investments with c. €163 billion of assets under management, has begun construction of building 121,000 sq ft of new offices at its prime harbourside Assembly Bristol city centre development, having completed the sale of the first phase of the project to LCN Capital Partners. Work on site […] Posted by: Mya Driver Read more
DWP agrees deal to call sustainable office building at Talbot Gateway home Nov 10, 2021 Leading urban regenerator, Muse Developments and partner, Blackpool Council has agreed a deal with the Department for Work and Pensions (DWP), to take the highly sustainable 215,000 sq ft office building at Talbot Gateway, which will become its latest regional hub in the North West. The BREEAM ‘Excellent’ building – designed by renowned architects, Make […] Posted by: Mya Driver Read more
Forward funding from Canada Life Asset Management sets Birkenhead regeneration into motion Oct 21, 2021 In a landmark deal for the borough, investment and pension fund, Canada Life Asset Management has agreed to forward fund the development of Wirral Growth Company’s two new Grade-A office schemes in Birkenhead for £75 million. Totalling 150,000 sq ft, the flagship office buildings are the first phase of Wirral Growth Company’s regeneration masterplan for […] Posted by: Mya Driver Read more
Green light for Muse Developments’ landmark One City Park in Bradford Oct 21, 2021 Muse Developments, one of the UK’s leading names in town and city-centre urban regeneration, has today (Thursday 21 October) received full planning consent for One City Park, a BREEAM ‘Excellent’ 56,403 sq ft office building in the heart of Bradford city centre. The development will transform the former police HQ site, addressing a shortage in […] Posted by: Mya Driver Read more
Landsec look set to acquire urban regeneration firm U+I Nov 1, 2021 The recommended cash offer is a 73% premium to U+I’s share price and will give the big London office developer a significant new pipeline of mixed-use regeneration schemes in London and Manchester. Landsec said the acquisition, which will be made through a newly-formed subsidiary LS Development, will see value from combining U+I’s front-end development capabilities, […] 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
M7 Capital provides loan for office acquisition in Glasgow by Garroch Investments Oct 20, 2021 M7 Capital (“M7C”), a full-service real estate debt specialist, announces that it has provided a £7.3 million loan, on behalf of UK debt fund TREC II, to Garroch Investments, supported by Craigend Properties a regional real estate investor and asset manager, to finance the acquisition of Princes House, an office building situated in the centre […] Posted by: Mya Driver Read more
McKay Securities purchases Grade-A office in £15m deal Oct 11, 2021 McKay Securities Plc, the only UK REIT specialising entirely in the South East and London office, industrial and logistics markets, announces the acquisition of Evergreen Studios, a fully refurbished office asset in central Richmond, for £14.75 million, representing a net initial yield of 5.8% The property was sourced off-market from Sheen Lane Developments, which has […] Posted by: Mya Driver Read more
Starwood Capital seek IPSX listing for Liverpool office building Oct 25, 2021 Trinistar Liverpool S.a r.L, a controlled affiliate of Starwood Capital Group, a global private investment firm focused on real estate and energy investments, announces it has appointed advisors to explore a potential listing for a newly formed single asset company (the “Company”), which will own the Capital Building in Liverpool, via an initial public offering […] Posted by: Mya Driver Read more
Workspace acquire historic Busworks building in Islington for £45m Nov 17, 2021 Workspace Group, London’s leading provider of flexible office space, is pleased to announce that it has acquired The Busworks, in Islington, for a total of £45m. This off-market acquisition is being funded from existing facilities. A former Victorian bus factory with a rich history dating back to 1888, the property provides 104,000 sq. ft. of […] Posted by: Mya Driver Read more
