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» Chronological View: " UK " «

Oaktree sells seven Hilton branded hotels

Oaktree Capital Management, L.P. has sold seven Hilton branded hotels as part of LRC Group’s acquisition of Amaris Hospitality. The addition of the seven DoubleTree by Hilton hotels forms part of LRC’s plan to accelerate the growth of its hotel investments and brings the Amaris Hospitality group’s total number of properties t...
Tuesday, 17. July 2018

Racz moves headquarters to Northumberland Estates' Wynyard Business Park

Racz Group Limited has selected Wynyard Business Park as the location for its new headquarters, signing a two year lease agreement with Northumberland Estates for the 3,370 sq ft of office space in Unit 10 Evolution at Wynyard Business Park, Stockton-on-Tees. Knight Frank acted on behalf of Northumberland Estates. Wynyard Bus...
Tuesday, 17. July 2018

ReSI acquires local authority housing in Luton for £13 million

Having already acquired a residential building in Luton in June , Residential Secure Income has purchased four further freehold residential buildings in the town for a total consideration of £13 million (c. €14.71 million). The buildings are let to the local authority with 9.2 year leases (with an option for the local authori...
Tuesday, 17. July 2018

Valor RE Partners completes 500,000 sq ft of acquisitions and a £21 million refinancing

Valor Industrial Partners 2 (VIP2) has acquired a portfolio of nine logistics assets in and around Greater Manchester and a further asset in Beckton, East London. In addition, Valor has also completed a £21 million (c. €23.7 million) refinancing of three assets in Beckton, Crawley and Ashford by extending its existing Deutsch...
Tuesday, 17. July 2018

Wates Construction is new tenant at Thorpe Park Leeds

Scarborough International Properties and Legal & General have let the whole of the first floor at Paradigm, Thorpe Park Leeds to Wates Construction. Wates has taken a 10-year lease to occupy 10,275 sq ft of space and will move in later this year following some fit-out works. Paradigm in Leeds offers 31,650 sq ft of office spa...
Tuesday, 17. July 2018

Propiteer completes extension of Hilton hotel in Exeter

Propiteer have completed a multi-million pound development on their new asset, the Hampton by Hilton hotel in Exeter. The 40-bedroom extension has taken the room total to 160 and included an extensive internal upgrade, including the addition of three new meeting rooms.
Tuesday, 17. July 2018

Addington Capital purchases Bonsai Portfolio worth £45 million

Addington Capital has bought the “Bonsai” portfolio for £45 million (c. €50.93 million) with debt and equity funding provided by ICG-Longbow. The mixed use portfolio has been acquired from the EPISO3 fund. The portfolio consists of 120,000 sq ft of office and residential property at Headingley, Leeds; 50,000 sq ft of retail a...
Tuesday, 17. July 2018

J&T Real Estate forms JV to acquire South Bank site

J&T Real Estate has entered the London property market, acquiring a property in the South Bank from DV4, Delancey’s client fund. At the building, J&T plans to build flats, offices, shops and a cultural space worth £400mn (c. €452.7m). The property is located at 185 Park Street near to the Millennium Bridge and Tate Modern. Fo...
Monday, 16. July 2018

Stenprop acquires Estuary Court from Storage Giant for £3.1 million

Stenprop has acquired Estuary Court, an industrial estate in Newport, South Wales, from Storage Giant for £3.1 million (c. €3.5 million), which reflects a net initial yield of 7.6%. Estuary Court is a modern estate, located in the established industrial location of Queensway Meadows. It comprises 20 units, totalling 34,980 sq...
Monday, 16. July 2018

Planning permission granted for renovation of Seaforth Land's Spitalfields House

Seaforth Land has been granted planning permission for the refurbishment of its Spitalfields House asset into a mixed-use building. Situated at 110-114 Middlesex Street and 1-11 Widegate Street and bought by Seaforth Land in 2017, the renovation will see the 47,555 sq ft building converted to create new retail, receptions and...
Monday, 16. July 2018

CBRE with two new appointments

CBRE has appointed Richard Day as a Senior Director to spearhead debt origination within the company’s London Capital Markets team, helping investment clients source and structure their debt requirements. In addition, Jan Janáček has been appointed Associate Director to further strengthen its Retail Agency team.
Monday, 16. July 2018

M&G Real Estate acquires Birchmere business Park

M&G Real Estate has acquired Birchmere Business Park in Thamesmead, SE28, from the Milton Group for £12.25m (c. €13.9m), reflecting a net initial yield of 3.7%. The 91,511 sq ft site is let to Harris Installation Services, Roberts Metal Packaging, and the Royal Borough of Greenwich Council. Gerald Eve acted on behalf of M&G R...
Monday, 16. July 2018

Barings provides £42.7 million loan to the Pinnacle in Leeds

Barings Real Estate has provided, on behalf of an institutional investor, its first floating rate senior debt facility with a £42.7 million (c. €48.3 million) loan secured against The Pinnacle, which is located in central Leeds. The property was acquired by a fund advised by Brockton Capital in April 2018. The three-year faci...
Monday, 16. July 2018

Retirement Living market to reach £44bn by 2022

Knight Frank has released its latest retirement housing report, revealing that the private retirement market is estimated to reach a value of £44bn (c. €49.5bn) by 2022, reflecting a 50% increase. The number of private retirement living units is also forecast to increase by almost 30% in the same timeframe.
Monday, 16. July 2018

The Commercial Park Group submits planning application for Haywards Park

The Commercial Park Group has submitted plans for a 65,000 square foot business hub to redevelop 21-23 Perrymount Road in Haywards Heath which will make the town an attractive location for major companies. The partnership between developer John Baker and leading building and civil engineering contractor Sir Robert McAlpine Lt...
Friday, 13. July 2018

Artisan appoints Myles Thomas as Regional Development Manager

Artisan has appointed Myles Thomas, who will join Artisan Real Estate Investors as new Regional Development Manager for Scotland and the North of England. Thomas, who has over nine years’ experience in the development industry, will be focussing on acquiring and delivering new projects in city centres across Scotland and the...
Friday, 13. July 2018

LondonMetric sells Odean Cinema and acquires an urban logistics asset

LondonMetric Property has sold an Odeon Cinema in Warrington for £13.7m. The asset comprises ten screens across 36,000 sq ft. It formed part of a portfolio of ten Odeon Cinemas acquired in 2013. The sale reflected a net initial yield of 4.8%. The company reinivest the capital into an urban logistics asset in Milton Keynes for...
Friday, 13. July 2018