Bruntwood and L&G seek new partner for SciTech arm

A new partner is being sought by Bruntwood and Legal & General for their sciences platform SciTech, it has been confirmed. An additional investor is set to be added to the 50:50 joint venture which currently has ten locations across England. It is understood that both Bruntwood and Legal & General are not seeking to […]

Posted by: Nathan Spencer

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GLP acquires Trafford Park 9-acre logistics site

GLP has acquired a logistics site in Trafford Park in Manchester totalling nine acres. The site is currently occupied by Tenmat, a leading manufacturer of advanced materials and components who is subsequently relocating to a site in Irlam at the end of 2022, and has significant redevelopment potential. Cushman & Wakefield advised Tenmat on the […]

Posted by: Nathan Spencer

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Stoford and Church Commissioners JV to develop 500,000sq ft of industrial space

Leading commercial property developer, Stoford has announced a new site wide agreement with the Church Commissioners for England that will unlock future phases of development at a job creating industrial scheme in East Devon. The agreement paves the way for the development of an additional c.500,000 sq ft of industrial/logistics accommodation at Exeter Logistics Park, […]

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University in JV to bring forward food and drink innovation hub

A report to East Lothian Council last week approved the Joint Venture Structure between the local authority and Queen Margaret University that will take forward the delivery of the plans. The Court of the University also gave its go ahead for the joint venture. The first stage of the development, construction of the Food and Drink […]

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£7bn Tidal Lagoon project in Wales takes step forward

A major new renewables energy generation project off the Welsh coast has the support of Denbighshire Councillors. Off the coast of Conwy and Denbighshire the scheme would involve a 19-mile barrage with underwater turbines changing able to change the tide. The scheme has been touted by a private sector company, who remain unnamed, but the […]

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Industrials REIT secures planning for multi-let industrial scheme

Industrials REIT, the UK multi-let industrial (“MLI”) property company, has secured planning approval for a 55,750 sq ft MLI scheme at its Old Mill Industrial Estate, in Bamber Bridge, Preston. Acquired in 2018, Industrials REIT will transform the existing estate by redeveloping an old industrial building and utilising some vacant land.  The 44 new light […]

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Aviva and Allianz team up for £500m London project

Aviva Investors, the global asset management business of Aviva plc, announces it has formed a joint venture partnership with Allianz, managed on its behalf by Allianz Real Estate as part of its ongoing development project of new mixed-use retail and office buildings at 1 Liverpool Street and 101 Moorgate in the City of London. The […]

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Morgan Sindall appoints Kate Bowyer as Managing Director for Muse

Kate Bowyer is to become the new managing director of urban regeneration firm Muse Developments, its parent company Morgan Sindall Group plc announced on Thursday. Kate, currently Muse Developments’ Finance Director, will take on the role from MD Matt Crompton, who is retiring, in April this year. “This is an exciting time to be taking […]

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Simple Life breaks into Scotland with first homes at Bertha Park

One of the leading providers of Build to Rent (BTR) housing in the UK, Sigma Capital, has reached a significant milestone with its first development in Scotland underway under its private rental brand Simple Life. Built by one of Scotland’s leading developers, Springfield Properties, the new village, named Bertha Park, based in Perth, is due […]

Posted by: Nathan Spencer

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