LondonMetric acquires £20m of London logistics assets Oct 19, 2021 LondonMetric Property Plc announces the acquisition of two last mile logistics assets in Fulham and Tottenham for a combined purchase price of £20.2 million. The assets total 44,000 sq ft and have been acquired with vacant possession in two separate transactions. LondonMetric will refurbish both properties at a cost of £1.4 million which, once fully […] Posted by: Nathan Spencer Read more
Board of Home REIT splash £166m on acquiring 23 portfolios Oct 19, 2021 Home REIT plc, which funds the acquisition and creation of high quality properties across the UK that are dedicated to providing accommodation to homeless people, has deployed £166.4 million of the proceeds raised in the Company’s significantly oversubscribed £350 million equity issue in September 2021. In less than one month following the Initial Issue, the […] Posted by: Nathan Spencer Read more
Council and developer JV approved ahead of major regeneration Oct 19, 2021 Bury Council’s cabinet has formally approved the principles behind a 50:50 joint venture with leading town and city-centre regenerator, Muse Developments, to bring forward the repurposing and regeneration of Prestwich village. Following the council’s purchase of the Longfield Centre and decision to form a JV with Muse, the team will be working on a draft […] Posted by: Nathan Spencer Read more
Grainger in £140m forward funding acquisition with Network Homes Oct 19, 2021 Grainger plc, the UK’s largest listed residential landlord with 9,109 operational rental homes and a further 8,851 in its £2.1bn pipeline, announced that it has exchanged conditional contracts to forward fund and acquire Merrick Place, a 401-home build-to-rent development scheme in Southall, West London, for £141m. Proceeds from Grainger’s recent successful equity placing will help […] Posted by: Nathan Spencer Read more
Aviva Investors provides further £50m to self-storage firm Big Yellow Group Oct 19, 2021 Aviva Investors, the global asset management business of Aviva plc, announces that it has completed a further £50 million financing agreement with Big Yellow Group, the UK-based self-storage company, as it continues to expand its sustainability-linked financing programme, The loan, a seven-year facility, is secured against a portfolio of purpose-built self-storage assets located predominantly in […] Posted by: Nathan Spencer Read more
Maya Capital and AnaCap acquire office and hotel scheme in £125m deal Oct 19, 2021 Maya Capital LLP and AnaCap Financial Partners have completed the acquisition of 160 Blackfriars Road in London’s Southbank. The property includes a 106,000 sq ft office and ground floor retail building currently 50% let, as well as adjacent land for a consented hotel scheme. Maya and AnaCap intend to carry out significant refurbishment of the […] Posted by: Nathan Spencer Read more
Avamore grows senior leadership team as they continue ambitious growth plans Oct 19, 2021 Avamore Capital today has confirmed the hire of well-known industry heavyweight, D’mitri Zaprzala – former Head of Residential at Octopus Real Estate – to join its senior leadership team. D’mitri will join the board of Directors at Avamore Capital and sit alongside Michael Dean, Zuhair Mirza, Alan Margolis and Philip Gould. The hire follows last […] Posted by: Nathan Spencer Read more
ECF and Metropolitan Thames Valley sign landmark agreement to bring 50% affordable homes to Canning Town Oct 19, 2021 Innovative, market-leading development partnership, The English Cities Fund (ECF), working in close partnership with the Mayor’s Homes for Londoners team, have signed a landmark agreement with Metropolitan Thames Valley Housing Association (MTVH) to bring forward a major new 804-home scheme, which will deliver 402 (50%) affordable homes to benefit the Newham community. The Manor Road […] Posted by: Nathan Spencer Read more
Willmott Dixon’s secures Oxford leisure decarbonisation programme Oct 18, 2021 Willmott Dixon has been selected by Oxford City Council to deliver an extensive decarbonisation programme, which will see four of the city’s leisure centres reduce their emissions by converting from fossil fuels to water and air source heat pumps. Procured using the SCF framework, the upgrades will form a key part of the council’s plan […] Posted by: Nathan Spencer Read more
McGill commits to the Scotland Development Conference Oct 18, 2021 McGill is partnering with Built Environment Networking at the Scotland Development Conference, because sustainability is at the heart of how McGill operates, says McGill Bid Manager, Colin Brown. One of the things we say at McGill, is that how we work is as important as the work that we do. That can mean a lot of […] Posted by: Nathan Spencer Read more
