Target Healthcare REIT completes new acquisition – taking quarterly investment to £170m Dec 20, 2021 Target Healthcare, the UK listed specialist investor in modern, purpose-built care homes, announces that it has completed the acquisition of a major portfolio of 18 operational modern care homes. Combined with the previously noted acquisition of a pre-let development site in Weymouth, the Group’s total investment during the quarter has been £173 million including costs. […] Posted by: Nathan Spencer Read more
Supermarket Income REIT acquires Tesco in £73m deal Dec 20, 2021 UKREiiF attendee Supermarket Income REIT, the real estate investment trust providing secure, inflation-protected, long income from grocery property in the UK, announces the acquisition of a Tesco supermarket in Sheffield, Yorkshire, for a purchase price of £73.2 million (excluding acquisition costs), representing a net initial yield of 4.5%. The store was developed for Tesco in 2011 and occupies a 7.0 […] Posted by: Nathan Spencer Read more
Palace Capital nears completion of disposal strategy with two further sales Dec 20, 2021 Palace Capital, the Main Market property investment company that has a diversified portfolio of UK commercial real estate in carefully selected locations outside of London with a focus on the office and industrial sectors, announces that it has completed the sale of Russell House, Walton on-Thames, Surrey for £2.625 million and exchanged contracts to sell […] Posted by: Nathan Spencer Read more
Network Space Developments selects contractor for £54m project Dec 20, 2021 Network Space Developments (NSD) has appointed Bowmer + Kirkland to build the £54million Global Centre of Excellence at Saints Retail Park in St Helens. The site, previously the former United Glassworks which closed in the late 1990’s, was later developed in part by NSD for a new stadium for St Helens Rugby League which opened […] Posted by: Nathan Spencer Read more
Film and pharmacy students benefit from £4.4m refurbishment at University of Wolverhampton Dec 20, 2021 National fit-out and refurbishment specialist contractor, Willmott Dixon Interiors has completed the £4.4 million refurbishment of two buildings at the University of Wolverhampton. The 17-week project has delivered enhanced facilities and more than 32,000 sq ft of modern teaching space at the Wulfruna Building and Alan Turing Building at the university’s city campus on Wulfruna […] Posted by: Nathan Spencer Read more
Design Team submit planning application for HMRC’s Pilgrim’s Quarter complex Dec 20, 2021 Now that the euphoria of the recent HMRC announcement regarding bringing 9,000 staff into the city centre by 2027 has settled, the priority is to move on at pace with planning and demolition works for the Pilgrim’s Quarter scheme on behalf of the developer, Reuben Brothers (Newcastle) Ltd. The first step in this process was […] Posted by: Nathan Spencer Read more
Can a historic building be a green building? Dec 20, 2021 With the climate crisis increasingly dominating the headlines, our industry is quite rightly focussed on creating properties which provide the greatest energy efficiency and the lowest emissions. 40% of the UK’s carbon footprint emanates from the built environment, and, worryingly, the property sector is one of the few in which emissions reductions have stalled, it […] Posted by: Nathan Spencer Read more
Construction Begins of Student Loans Company New HQ at Glasgow’s Buchanan Wharf Dec 20, 2021 Construction of the final building phase at one of Scotland’s largest ever development projects begins today (Thursday 16 December) with a groundbreaking ceremony marking the start of the new headquarters for the Student Loans Company (SLC) at Glasgow’s Buchanan Wharf. The 75,000 sq ft office building heralds the final transformation of the £500 million Clydeside […] Posted by: Nathan Spencer Read more
Oxford Innovation to operate Salford Innovation Forum Dec 20, 2021 Hot on the heels of the news that Salford’s Crescent partnership had been awarded £13.17m from the Levelling-Up Fund to deliver infrastructure project, Salford Rise, Salford City Council has selected Oxford Innovation to operate the 30,000 sq ft Salford Innovation Forum. Over the coming months, the Oxford Innovation team will develop a new business plan […] Posted by: Nathan Spencer Read more
A new paper highlights five smart port technologies changing the way UK ports operate for the better. Dec 20, 2021 The paper is published by the British Ports Association in collaboration with Royal HaskoningDHV and the Connected Places Catapult. It is part of the BPA’s ‘Port Futures’ thought leadership programme.[emaillocker id=”71749″] The paper summarises five examples from ports that have been explored in 2021, including a constantly learning digital twin, remote infrastructure and asset monitoring, […] Posted by: Nathan Spencer Read more
