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UK

Chancerygate granted planning for Leatherhead logistics development

Chancerygate has been granted planning permission to speculatively build 82,400 sq ft of Grade A urban logistics space in Leatherhead. Called Victory Park, the development will comprise 13 leasehold units ranging from 3,000 to 19,000 sq ft. The projected gross development value is around £32m.
Tuesday, 30. April 2024

Hurlington gains consent for £150m Deptford PBSA scheme

Hurlington Capital secures planning approval for a £150m GDV student accommodation project in Deptford, south London. The scheme includes 484 student bedrooms, 42 affordable homes, and 19,000 sq ft of creative workspace.
Tuesday, 30. April 2024

LGIM acquires Tesco foodstore from abrdn for £46.1m

Legal & General Investment Management's Managed Fund, headed by Rob Codling, Senior Fund Manager, have acquired Tesco Yarrow Road Poole from clients of abrdn for £46.1m. The transaction reflects an effective net initial yield of 7.75%.
Tuesday, 30. April 2024

AEW gets green light for Bristol Debenhams redevelopment

AEW has been granted planning permission to transform the former Debenhams department store in Bristol into a mixed-use residential development with more than 500 new homes for rent, including 100 affordable homes.
Friday, 26. April 2024

Clintons opens first UK outlet store under new ownership

Northern Ireland's only premier designer outlet, The Boulevard is now officially home to the UK's first Clintons outlet store, under the new management and ownership of Cardzone, as it opened its doors to customers on Saturday 20 April 2024.
Friday, 26. April 2024

Dominus and Cheyne partner up for 65 Fleet Street

Dominus and Cheyne Capital Management have acquired 65 Fleet Street in a joint venture. This acquisition follows on from Dominus and Cheyne Capital having completed two development financing transactions in 2023. The partners have ambitious plans for the site to introduce a mix of uses that will add to the life and dynamism o...
Thursday, 25. April 2024

Brightbay strengthens senior team

Brightbay Real Estate Partners has appointed George Jerram as a Director of Asset Management and promoted a further three colleagues to Director to strengthen its senior management team and support its growth strategy.
Thursday, 25. April 2024

Topland reaches full occupancy for Bristol city centre office

33 Bristol, the Topland-owned Bristol city centre office space, is now fully occupied after engineering and environmental consultants, Rappor, completed the letting of its ground floor suite. The investment group acquired the office facility in 2019 before investing £1 million in an extensive refurbishment to attract business...
Thursday, 25. April 2024

Marstead Living secures £260m debt finance from Federated Hermes

Marstead Living has successfully obtained mortgage finance from Federated Hermes Private Credit. This funding, has enabled the purchase of an 18-acre site in Mill Hill, located in the Borough of Barnet, London. The project, named Marstead Mill, is set to be a pioneering retirement village valued at over £260 million.
Thursday, 25. April 2024

Investec provides Hines with financing for West Midlands industrial portfolio

Investec Real Estate has provided Hines’ European Value Fund 2 (HEVF2) with financing to complete the acquisition of four multi-let industrial estates in the West Midlands. Acquired from LondonMetric Property, the portfolio comprises 47 units, which are a mix of light industrial, trade and mid-box warehouses, totalling 434,00...
Thursday, 25. April 2024