Palace of Westminster restoration offers up £80m in surveyor contracts Mar 26, 2021 Almost £80m in surveyor contracts were made available this week as part of biggest heritage restoration project ever undertaken in the UK – the £4bn Palace of Westminster upgrade. Firms interested have until May 4th to stake their claim for a place on the framework, which has been structured with eight lots and contracts fixed […] Posted by: Mark Flanagan Read more
Trio of UK logistics sites snapped up by BMO Mar 26, 2021 Canadian investment firm BMO has bought three logistics assets on behalf of a UK segregated mandate client. Warehouses worth £33m have been acquired in Ipswich, Birmingham and South Derbyshire. Following the sale of the Royal Mail distribution centre in Bristol, the transactions form part of BMO’s strategy for its client to diversify out of larger […] Posted by: Mark Flanagan Read more
Lure of real estate still too attractive for institutional investors Mar 26, 2021 Nearly three-quarters of institutional investors plan to expand their real estate portfolios over the next five years according to new research carried out by asset management company Patrizia. The German real estate firm garnered responses from 222 clients and 72% said they were planning to increase real estate investments before 2026 with a focus on […] Posted by: Mark Flanagan Read more
Panattoni promises £700m investment after buying Honda’s Swindon factory Mar 26, 2021 Honda today announced it has sold its iconic Swindon factory to Panattoni, Europe’s largest developer of new build industrial and logistics facilities. The Japanese car manufacturer purchased the site in Wiltshire in 1985 and two years ago announced it was ceasing production there in July, at the end of the current model cycle of the […] Posted by: Mark Flanagan Read more
InfraRed Capital cashes in on last-mile logistics portfolio Mar 25, 2021 InfraRed Capital last night confirmed the £250m sale of its portfolio of last-mile logistics assets in the UK and France to Blackstone real estate funds. The warehouses, comprising 2.2million sqft of space across 50 Anglo-French properties, located mainly in urban locations near Manchester, Liverpool, Leeds and Sheffield, will be incorporated into Mileway, Blackstone’s pan-European last […] Posted by: Mark Flanagan Read more
HS2 hoping to utilise Hinkley workforce Mar 25, 2021 Businesses in Somerset are being encouraged to bid for upcoming HS2 contracts worth millions of pounds. Two days ago HS2 made a similar appeal for Scottish firms to come forward with both regions under represented on the contractors’ roll. And Robin Lapish, HS2 Ltd’s Supply Chain Manager, is hopeful the considerable expertise, contained withing the […] Posted by: Mark Flanagan Read more
Nottingham town centre redevelopment restarting thanks to £12m grants Mar 25, 2021 Nottingham City Council (NCC) has received £12m in funding to pave the way for the restart of its Broadmarsh shopping centre redevelopment. NCC has received £8m from the D2N2’ Local Enterprise Partnership’s Getting Building Fund along with £4m of match funding from the Transforming Cities Fund to complete the demolition phase, which is due to […] Posted by: Mark Flanagan Read more
Investors pile into LondonMetric’s capital-raising debt issue Mar 25, 2021 LondonMetric has raised £380m from Trans-Atlantic institutional investors keen to support the asset management company’s long-term logistics strategy. The private debt, which has a blended maturity of 11.1 years and blended interest rate of 2.27%, was upsized from an initial target of £150m due to demand. A £50m tranche (‘Green Notes’) is subject to a […] Posted by: Mark Flanagan Read more
Greater Manchester CA set to approve brownfield redevelopment grants allocation Mar 25, 2021 Brownfield land across Greater Manchester is set to be converted into sites for more than 2,700 new homes, as part of the second phase of a £97m development fund. At a meeting of the Greater Manchester Combined Authority (GMCA) tomorrow (Friday, March 26), leaders are expected to approve an allocation of £41m to develop a […] Posted by: Mark Flanagan Read more
Former Liverpool distillery set for new life as multi-let industrial hub Mar 24, 2021 Network Space has acquired a high-profile 28-acre industrial site in Liverpool, for an undisclosed amount. The Sovereign Distillery comprises 446,151 sqft of space and was the former headquarters of Halewood Artisanal Spirits PLC, a family-owned producer of world-famous artisanal wines, spirits and beers which has operated from the site at Huyton Business Park since 2000. […] Posted by: Mark Flanagan Read more
