Supermarket Income REIT acquires two assets in £83m deal Jul 8, 2022 Supermarket Income REIT plc (LSE: SUPR), the real estate investment trust providing secure, inflation-protected, long income from grocery property in the UK, announces the acquisition of a Tesco superstore, M&S Foodhall and an Iceland in Chineham, Basingstoke, and the acquisition of an Asda supermarket in Carcroft, Doncaster, for a total purchase price of £82.9 million […] Posted by: Nathan Spencer Read more
Palace Capital to become an ESG driven regional office specialist Jul 8, 2022 Palace Capital (LSE: PCA), the Main Market property investment company that owns a diversified portfolio of UK commercial real estate in carefully selected locations outside of London, announces an update from the Board on the strategic options it intends to pursue as part of its commitment to maximising value for shareholders and closing the current […] Posted by: Nathan Spencer Read more
Fiera Real Estate’s LIF achieves practical completion on £23m of new build assets Jul 4, 2022 Fiera Real Estate, on behalf of the Fiera Real Estate Long Income Fund UK (“FRELIF”), is delighted to announce that it has achieved practical completion at its 50,000 sq.ft scheme at Great West Retail Park in Glasgow and additionally at its 30,300 sq.ft scheme on Planetary Road in Wolverhampton. At Glasgow, the large 50,000 sq.ft […] Posted by: Nathan Spencer Read more
Trammell Crow breaks ground in Europe with 19.4-acre Milton Keynes scheme Jul 4, 2022 Trammell Crow Company (TCC), a leading global developer and investor in commercial real estate, has begun work on its first European logistics site, a 19.4-acre scheme that will deliver three Grade A logistics buildings in Milton Keynes, UK. With construction now underway by principal contractor Glencar, a leading UK construction company that was recently […] Posted by: Nathan Spencer Read more
ICG Real Estate acquires Boots’ primary online distribution centre Jul 1, 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: Nathan Spencer Read more
Chancerygate, Credit Suisse and Hines JV forward sells urban logistics scheme to Blackrock Jul 1, 2022 A joint venture (JV) between urban logistics developer Chancerygate, a fund managed by Credit Suisse Asset Management and global real estate firm Hines has forward sold a 172,000 sq ft urban logistics development in Dagenham to a fund managed by BlackRock for an undisclosed sum. Dagenham Council has approved plans to speculatively build 15 Grade […] Posted by: Nathan Spencer Read more
Aldermore provides £16.5m to Citu for Sheffield housing scheme Jul 1, 2022 Aldermore has provided a £16.5m development finance loan to Citu for the next phase of its Kelham Central housing development in Kelham Island, Sheffield. The next phase of the development will be comprised of 68 additional low carbon homes, including a range of house types, plus two small commercial units. This marks the next chapter for […] Posted by: Nathan Spencer Read more
Frasers Logistics and Commercial Trust acquires Stoford development site for £100m Jul 1, 2022 Leading commercial property developer, Stoford, has exchanged contracts with the manager of Frasers Logistics & Commercial Trust (“FLCT” and the manager of FLCT, the “REIT Manager”), on the sale of a property to be developed at the Ellesmere Port complex. FCLT has acquired the freehold logistics development on a 14.1 hectare site at West Road, […] Posted by: Nathan Spencer Read more
Legal and General IM acquires 6.2-acre site for logistics scheme Jul 1, 2022 Legal & General Investment Management (LGIM Real Assets) has acquired a 6.2-acre freehold estate in Horsham, West Sussex on behalf of its Industrial Property Investment Fund (“IPIF”). LGIM Real Assets and its development partner, Graftongate, plan to speculatively develop a prime multi-unit industrial/logistics scheme on the site of Wilberforce House in Southwater, south of Horsham […] Posted by: Nathan Spencer Read more
United Living secures £33.5m contract in Oxfordshire Jul 1, 2022 United Living Group, the provider of infrastructure, housing and property services, has been awarded a £33.5 million build contract to deliver new residential homes in Milestone Road, Carterton, Oxfordshire by Platform Housing Group, one of the largest affordable housing developers in the Midlands. The development will see over 200 homes constructed over 4 and a […] Posted by: Nathan Spencer Read more
