UK

Following a competitive tender process, Greater Manchester Pension Fund (GMPF)has appointed CBRE as the new investment advisor for its Greater Manchester Property Venture Fund (GMPVF). The Fund has an £840m investment allocation to local property development, focused on the North West and West Yorkshire.

Mount Street Group has appointed Stephanie Petosa as Managing Director and Head of US Business Development and Client Relations.

Developer Chancerygate and investor Bridges Fund Management, have achieved practical completion on a new 200,000 sq ft multi-use development in Peterborough.

ASK4, today announced that GI Partners has signed a definite agreement to acquire the company from Bowmark Capital. ASK4 will be GI Partners’ first data infrastructure investment in Europe. The transaction is subject to regulatory approvals.

Hines has acquired a portfolio of four multi-let industrial estates in the West Midlands on behalf of its Hines European Value Fund 2 (HEVF 2) from LondonMetric.According to LondonMetric the purchase price is £40.5 million, reflecting a NIY of 6.2%.

Nike will open its first ever „Nike Rise“ concept store in Birmingham at Bullring & Grand Central. According to Hammerson, this cleary reflects the strategy to reinvigorate the asset with new brands, concepts and market firsts.

Knight Frank has appointed David Goatman to the newly created role of Global Head of Energy and Sustainability Services.

Developer Chancerygate has sold Boundary43, its 55,000 sq ft urban logistics scheme in Brackley, to a private investor for an undisclosed sum.

GPE has partnered with TSP, the real estate investment manager and charities sector expert, to create more than 20,000 sq ft of workspace for charities.

LondonMetric Property announces the sale, in separate transactions, of four long income and retail assets, for £16.9 million. The combined price is in line with book value.

Mount Street has appointed Joe Ellis-Grewal as Executive Director to support the accelerated expansion of its corporate loan agency services.

AEW UK REIT has completed the purchase of a freehold, mixed-use asset in Bath city centre for £11,500,000, reflecting an attractive net initial yield of 8.0% and a capital value of £223 per sq ft. Following this acquisition, the Company is close to full deployment, with remaining cash available to invest of circa £3m.

Cole Waterhouse and Taurus Investment Holdings have now achieved completion at „Eda“, Erie Dock Apartments, the landmark 290-bedroom Build-to-Rent (BTR) scheme at Salford Quays.

Centrick has appointed a new director to spearhead its further growth in the booming build to rent sector.

AEW announces the launch of its first, place-based impact investing strategy, the AEW UK Impact Fund. The strategy plays to the strengths of real estate’s role as a provider of social and community infrastructure, combining investments focused on social and environmental impact.

Capital & Regional has now completed on the acquisition of The Gyle Shopping Centre in Edinburgh.

Edmond de Rothschild Real Estate Investment Management (REIM) has completed a £31 million build-to-rent development in Glasgow, the first in Scotland for its £545 million Edmond de Rothschild Residential Investment Fund UK.

Plans for a new hotel development at Leeds Kirkgate Market have reached another important milestone.