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UK

Patrizia checks in for £25m at Edinburgh‘s Malmaison Hotel

The German asset manager has invested £25m in the Malmaison hotel on St Andrews Square in Edinburgh city centre on behalf one of its UK institutional clients. The 72-bed boutique hotel has the third highest average daily room rate in Malmaison‘s portfolio.
Friday, 24. May 2024

Arrow and Cerberus to develop speculative logistics asset in Bolton

Arrow Capital Partners is working up plans to develop a 327,750 sq ft speculative logistics development adjacent to junction 6 of the M61. The site was acquired in 2020 for Arrow‘s €3 billion SIRE (Strategic Industrial Real Estate) joint venture with Cerberus .
Thursday, 23. May 2024

Matt Pears joins Addington as Operations Director

The founders of Addington Capital, Martin Roberts and Matthew Allen have recruited Matt Pears as the new Operations Director of AddLiving, Addington’s sister residential lettings and management business. He joins from Wildheart Residential Management Ltd.
Thursday, 23. May 2024

GPE expands West End portfolio with The Courtyard

Great Portland Estates (GPE) has announced a strategic property exchange with the City of London Corporation, acquiring a long leasehold interest in The Courtyard, WC1 for £28.6 million.
Thursday, 23. May 2024

Prologis exceeds £2bn of investment in London 'last-mile' logistics

Prologis' investment into London's last-mile logistics infrastructure has reached £2.1bn, as construction begins at its Beddington Lane site in Croydon. The latest scheme from the global logistics real estate leader will provide an extra 93,935 sq ft of sustainable facilities close to central London.
Thursday, 23. May 2024

Downing expands development finance team with Will Powell

Downing Property Finance is continuing to expand its development finance team with the appointment of Will Powell as an Investment Director. In his role he will be responsible for originating new development finance transactions across England and Wales as Downing maintains its commitment to be the leading lending partner for...
Wednesday, 22. May 2024

Fantomas selects Sloane Stanley for new restaurant

The Sloane Stanley Estate has announced that Fantomas, the new gastronomic concept behind dynamic duo George Bukhov-Weinstein and Ilya Demichev, is set to open on King's Road later this summer. The restaurant will be headed up by chef Chris Denney, adding another renowned and award-winning name to the borough of Chelsea.
Wednesday, 22. May 2024

HGP provides £7.6m for Wales' first co-living scheme

Housing Growth Partnership has committed c. £7.6 million of equity which will support Urban Centric's acquisition of a former L&G office building in Cardiff, Wales, which it intends to transform into what will be Wales' first institutional grade co-living scheme.
Wednesday, 22. May 2024

Cedarstone buys Vauxhall Square site from R&F Properties

R&F Properties has sold the major Nine Elms development project again. Cedarstone Capital Partners, backed by GCC-based financial investment group, GFH Partners, has agreed the acquisition of Vauxhall Square, a 1.49-hectare development site in London.
Wednesday, 22. May 2024

IHG adds more than 380 rooms to its Staybridge Suites brand across Europe

IHG Hotels & Resorts grows in the European upscale extended stay segment with the signing of Staybridge Suites Budapest - Parksid; Staybridge Suites Antwerp and Staybridge Suites Belfast. The agreements demonstrate the continued popularity of the extended stay segment amongst owners and guests.
Tuesday, 21. May 2024

Heim partners with McLaren for first UK investment in Leeds

Heim had launched a new closed-ended UK residential build-to-core fund targeting £800m of equity commitments which plans to develop 5,000 new mid-market rental homes across the UK. Now the company achieved its first investment, the 375-unit residential development BeckYard in Leeds. The development marks the first investment,...
Tuesday, 21. May 2024