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Knight Frank has announced the integration of leasing and asset management platform VTS across its Central London leasing business, with future adoption across its Central London asset management portfolio. The partnership, which comes at a time of change for the property industry as it experiences a raft of tech solutions mo...
UBS Asset Management's Real Estate & Private Markets (REPM) business announces that in the first half of 2017 its UBS Participating Real Estate Mortgage Fund (UBS-PREMF) has completed three new loans and extended one existing loan, representing financing of €54.3 million (£48.7 million), and taking the total equity committed ...
Buyers from Hong Kong have purchased €2.45 billion (£2.2 billion) of offices in the City of London over the first half of the year. Significantly above the €510.7 million (£458 million) recorded over the same time period last year. This steep rise is somewhat unsurprising given the completion of The Leadenhall Building transa...
British Land and Amazon Property, joint venture partners in the development of premium new residence Hempel Gardens in London-Bayswater, have appointed Bruton of Sloane Street as their property management partner.
The Knight Frank Investment Management Long Income Property Unit Trust has acquired a portfolio of Whitbread hotels from NFU Mutual for €42.82m (£37.95m), reflecting a net initial yield of 4.4%.
Rockspring Property Investment Managers, on behalf of its UK Value 2 Fund announces two further transactions at Clayton Square in Liverpool. A 3,500 sq ft unit at 18-22 Church Street has been leased to McDonald's, subject to a 20 year lease at an uplift of almost 40% on the previous rent. Rockspring was advised by Barker Prou...
InterContinental Hotels Group has announced the signing of Hotel Indigo London - One Leicester Square. The hotel marks IHG’s debut presence in Leicester Square and continues the growth of the Hotel Indigo brand as its fourth property in London and eleventh in the UK. Due to open in late 2017, the hotel, based in one of London...
Muse Developments has signed an agreement to sell three high-quality industrial units at its flagship Logic Leeds site, totalling 100,000 sq ft, to Leeds City Council. The agreement follows the granting of planning permission for the three units. Construction of the speculative units will now begin shortly and is scheduled to...
ADT Fire and Security has become the latest tenant at Three Leeds City Office Park in Leeds city centre. Sanderson Weatherall let the 3,500 sq ft ground floor office to the security business, on a five year lease. The letting brings the 69,500 sq ft building, which is owned by Canada Life Investments, to full occupancy. Other...
M&G Real Estate has acquired a 165,000 sq ft newly built prime office building in Central Manchester for €119.3 million (£105 million), at a net initial yield in excess of 5.3%. The acquisition is a three party joint venture made on behalf of its Capital Solutions business headed by Martin Towns. The purchase of 101 Embankmen...
Bruton Knowles continues to grow is commercial team with the appointment of Dorian Wragg as Partner in the Gloucester team. Dorian Wragg a former Director at Grice Collins Long brings a wealth of expertise across a range of business sectors and specialises in managing complex, multi sector property assets. Drawing on a wide a...
Hermes Investment Management has agreed to sell a 50% equity stake in Milton Park to Canada Pension Plan Investment Board (CPPIB) for approximately €227 million (£200 million). Located in the Thames Valley region of the U.K., Milton Park accommodates leading global science and technology companies as well as emerging business...
According to Savills, circa €134 million (£118 million) has been invested into Scotland's hotels sector in the first half of 2017, already in line with total transaction volumes reached in 2016 (€136 million or £119.7 million). Edinburgh continues to be the key market, says Savills, accounting for 75% (€101.01 million or £88....
Mitheridge Capital Management has appointed Jamie Ritblat, founder and CEO of Delancey Real Estate Asset Management Limited, as its non-executive chairperson. Founded in 2010, the Mitheridge team has undertaken substantial private equity real estate investment in London.
Kames Capital, advised by V7 Asset Management, has acquired a central Slough office building from Patrizia Immobilien and Oaktree Capital Management for €9.73 million (£8.25 million), reflecting a net initial yield of 10.71%. The 29,172 sq ft Keypoint building was purchased by the Kames Property Income Fund and is fully let t...
LGIM Real Assets (L&G) has submitted a planning application for the improvement of Piccadilly gardens. Its proposed €2.27m (£2m) investment aims to transform the well-used public space and major City thoroughfare into a vibrant area that is more attractive and welcoming to families, while deterring anti-social behaviour.
Pandox has entered into an agreement to acquire Hilton London Heathrow Airport. The hotel is a full-service premium hotel with 398 rooms and a strong location at London-Heathrow Terminal 4. The hotel is operated by Hilton under a revenue-based lease agreement. The purchase price amounts to €90.9m (£80m) and is financed by exi...
