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» Chronological View: " UK " «

Aviva Investors completes financing for Lazari Investments

Aviva Investors has completed two commercial real estate finance transactions to Lazari Investments Limited totalling c£145m (c. €163.3m). The first being a £90m (c. €101.4m) fixed rate facility over 10 years to support the acquisition of a Prime Central London office block on Baker Street. The second transaction is a £55m (c...
Wednesday, 17. January 2018
Baring secures Brewin Dolphin for west end debut at Waterloo Place

Baring secures Brewin Dolphin for west end debut at Waterloo Place

Barings Real Estate Advisers, part of Barings LLC, has agreed to let the second floor of its elegantly restored Grade II Listed office building at 8 Waterloo Place in St James's in London to Brewin Dolphin Holdings plc. Brewin Dolphin's new space comprises 5,309 sq ft and a ten year lease has been agreed at a rent equivalent ...
Wednesday, 17. January 2018

Belfast office take-up come back to peak 2007 levels

Despite all the economic uncertainties surrounding Brexit, Q4 2017 was the strongest quarter for the Belfast office market in two years, bringing the total take-up of office space for 2017 to 430,290 sq. ft. According to Savills Northern Ireland, this is the second consecutive year – post Brexit – of robust take up, with leve...
Wednesday, 17. January 2018

LaSalle sells Hitachi Distribution Warehouse in Milton Keynes

LaSalle Investment Management has sold a distribution warehouse in Milton Keynes, let to Hitachi PowerTools Limited, for £6.05 million (c.€6.81 million), reflecting a 5.40% NIY. The 1980s unit is Hitachi Power Tools’ sole distribution centre in the UK, totalling 55,773 sq. ft. on a site extending to 6.04 acres. The site was ...
Wednesday, 17. January 2018
Legal & General builds Housing Team with the appointment of Sebastian Balcombe

Legal & General builds Housing Team with the appointment of Sebastian Balcombe

Legal & General has hired Grainger’s Sebastian Balcombe, as it continues to invest in housing creation activities across the spectrum. Backing a fast growing pipeline of over 80,000 new homes over the next five to ten years, Legal & General is establishing housing capabilities across all tenures, delivering Build to Sell hous...
Wednesday, 17. January 2018
The Waldorf Astoria Edinburgh sold for £85m

The Waldorf Astoria Edinburgh sold for £85m

Largest hotel sale in Scotland since 2015 and the largest single asset trade in the regional UK market in the last twelve months: Twenty14 Holdings, the hospitality investment arm of Lulu Group International, has completed a £85m (c.95.7m) acquisition of the Waldorf Astoria Edinburgh – The Caledonian.
Wednesday, 17. January 2018

3 St Paul’s Place singed deal with Idaq Networks

The pioneering 3 St Paul’s Place in Sheffield will now boast some of fastest internet access in Yorkshire, following a 10-year deal with Idaq Networks. The deal enables Sheffield-based Idaq to house its network equipment on the roof of the 10-storey building in the heart of the city. This will provide the occupiers of this st...
Wednesday, 17. January 2018
Octopus Property appoints Sean Deacon as Head of Core Credit

Octopus Property appoints Sean Deacon as Head of Core Credit

Specialist property lender Octopus Property, part of the Octopus Group, has appointed Sean Deacon as Head of Core Credit, effective immediately, to support the company’s ongoing growth through its unique Lifecycle Lending proposition. An industry veteran with over twenty years’ experience of working in credit and risk, Sean w...
Wednesday, 17. January 2018

Orchard Street makes £35 million Hermiston Retail Park acquisition

Orchard Street Investment Management has acquired Hermiston Retail Park in Consett, County Durham on behalf of St James’ Place UK Plc for £35.31 (c.€39.77) million from Aviva Investors. The purchase price reflects a net initial yield of 6.25%. Hermiston Retail Park benefits from convenient transport links, occupying the easte...
Wednesday, 17. January 2018

Native Land secures new financing deal for NEO Bankside commercial space

Native Land has secured two new refinancing deals for NEO Bankside in London from the existing lender, Singapore’s OCBC Bank. The two new OCBC facilities, which have a combined value of £12.9m (c. €14.5 million) over five years, relate to NEO Bankside’s 11,200 sq ft of fully let retail units and its office building ‘The Pavil...
Wednesday, 17. January 2018

South Korean investors acquire landmark office building in Bristol

South Korean investors, advised by Ogier, acquired alandmark office building on 10 Canons Way in Bristol. The firm advised on both the Jersey and BVI law aspects of the £95.5 million (c. €107.6 million) purchase of the fully-let 176,611 sq ft building. The investors are advised by Knight Frank Investment Management, and Ogier...
Wednesday, 17. January 2018

Spaces opens new co-working hub in Edinburgh

Edinburgh's reputation for building a vibrant entrepreneurial ecosystem has received a further boost with the opening of a major new co-working hub in the city centre later this year. Spaces has let 29,707 sq ft of office space at the recently refurbished development, One Lochrin Square in Edinburgh's Exchange District.
Wednesday, 17. January 2018
Newby reveals plans for prime Harrogate site

Newby reveals plans for prime Harrogate site

Following its purchase of Ryedale House in central York , residential developer Newby has submitted a planning application to create a further 27 new apartments at Springfield Court (31-33 Springfield Avenue) in Harrogate. This will create a total of 62 units making it the largest and most prestigious scheme to be released in...
Tuesday, 16. January 2018

Legal & General bags Stafford retail investment as final UK PIF II aquisition

LGIM Real Assets, on behalf of its second UK Property Income Fund, has exchanged contracts to acquire Riverside Retail Park in Stafford from LBX Retail Properties for a total consideration of £36.8m (c.€ 41.4m), reflecting a net initial yield of 6.8%. This acquisition marks the final acquisition for UK PIF II. As part of a li...
Tuesday, 16. January 2018

M&G Real Estate signs new deal at City of London office with UK ernergy producer

M&G Real Estate has signed a new deal with one of the UK’s leading electrical power generating companies at Alder Castle on Noble Street in London’s square mile. The energy production company has signed a new 10-year lease to take 13,000 sq ft of office space in this recently refurbished central London building. The news foll...
Tuesday, 16. January 2018
Davies Group lets 5,100 sq ft at Central Park

Davies Group lets 5,100 sq ft at Central Park

Yorkshire claims management firm the Davies Group has taken 5,100 sq ft of quality office space at the popular Central Park development in Leeds. The group has signed a ten-year lease at a rent of £12.50 (c.€14.07) per sq ft at Central Park, which is owned by development and investment company Squarestone.
Tuesday, 16. January 2018

Capreon sells Debenhams' Rylands Building for £87m

Capreon, the Noé Group property firm and AM alpha, acting here on behalf of its value-add vehicle, are delighted to announce the transaction of The Rylands Building – the 470,000 sq. ft Grade II listed Debenhams department store – on Market Street, Manchester for £87m (c. €97.9m). The price reflects a net initial yield of app...
Tuesday, 16. January 2018