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» Chronological View: " UK " «

Addington Capital secures planning approval for resi development Leeds city centre

Addington Capital has received planning approval on a residential development on Melbourne Street in Leeds City Centre. The application comprises of 100 apartments of varying sizes split into three blocks on varying levels. Den Architecture were the architects for the project. The plan is to get on site and build as soon as p...
Friday, 15. February 2019

Clearbell welcomes new tenants in North Bristol

Marie Stopes International, a reproductive health services organisation, has taken space on the ground floor of Axis Beta in Almondsbury following a deal brokered by Colliers International on behalf of Clearbell Property Partners II LP, a fund managed by Clearbell Capital. Marie Stopes has taken 1,972 sq ft of office space in...
Friday, 15. February 2019

Patrizia completes €250m second close of TransEuropean VII

Patrizia Immobilien AG announces the €250 million second close of its seventh TransEuropean fund, TEP VII. The equity has been secured from a diverse group of institutional clients in the UK, the USA, Asia and Finland, with over 30% of commitments coming from clients who are new to the TransEuropean series. A further €200 mil...
Friday, 15. February 2019

Legal & General partners with Goldacre for data centre deal

Legal & General Capital has invested in The Kao Data Campus (“Kao”), a state-of-the-art £230m data centre development servicing the London to Cambridge corridor. Kao was named in honour of Nobel Prize winning physicist Sir Charles Kao, who pioneered the use of fibre optics at the site of Kao’s first data campus development. ...
Thursday, 14. February 2019

Circle completes £100m bank refinancing

Circle Property has completed an agreement with RBS and HSBC for a £100 million (c. €113m) new financing facility. The facility replaces a £55 million (c. €62m) facility with RBS agreed in June 2016 and amended in March 2018.
Thursday, 14. February 2019

Cromwell sells Poseidon House in Cheadle for £6.9m

Cromwell Property Group has sold Poseidon House in Cheadle, South Manchester, to a London based private investor for £6.9m, reflecting a net initial yield of 6.80%. The asset was part of the Cromwell European Diversified Fund portfolio.
Thursday, 14. February 2019

UK Logistics & Industrial Take-up Hits Ten-Year High

The UK logistics market had a record-breaking year in 2018 with annual take-up reaching 35.9 million sq ft, the highest level since 2008. Research from Cushman & Wakefield has revealed that in the fourth quarter of 2018 take-up reached 11.1 million sq ft, the strongest Q4 on record in over a decade. Whilst 2018 saw fewer deal...
Thursday, 14. February 2019

DHP completes 58,000 sq ft letting at Lowfields Industrial Estate

Dove Haigh Phillips (DHP) has concluded a significant deal at the Lowfields Industrial Estate in Elland, West Yorkshire, on behalf of landlords The Waddington and Ledger Group. DHP has completed the letting of a 58,000 sq ft industrial warehouse to Colchester Machine Tool Solutions (CMTS), who has taken a 15-year lease.
Wednesday, 13. February 2019

Addington Capital appoints Tim Cornford as new partner

Addington Capital has recruited Tim Cornford as a salaried partner to head its retail asset management team. Cornford joins from Ellandi where he was an Associate Director. He will be responsible for looking after the group’s retail assets which includes four shopping centres, bought in joint venture with its partners: The Ha...
Wednesday, 13. February 2019

Fountainbridge’s 2 Lochrin Square office building is now fully let

Having completed two new lettings, one of Fountainbridge’s flagship office buildings, 2 Lochrin Square in Edinburgh, is now fully occupied. Brand protection consultancy, Arc-net, has taken 1,300 sq. ft, while software company Perivan Technology has expanded its presence in the building by relocating to a larger suite of 1,800...
Wednesday, 13. February 2019

JLL boosts its Cardiff team

JLL has strengthened its Cardiff office team making new appointments and promotions. Justin Millett has been appointed as lead director of the property consultancy's Cardiff office. Director Paul Champken has been promoted to head of building consultancy in Cardiff, with Sarah Hazell also joining as a surveyor in the seven-st...
Wednesday, 13. February 2019

UKCM secures letting with Home Bargains at St George’s Retail Park in Leicester

UK Commercial Property REIT Limited (UKCM) has let a 25,882 sq ft retail unit at St George’s Retail Park on St George's Way in LE1 1SG Leicester to Home Bargains. Home Bargains has agreed to a 15 year lease in line with ERV and with fixed uplifts every five years. The new store is expected to open in summer 2019, joining exis...
Wednesday, 13. February 2019

Barings strikes twice

Barings has struck two deals, securing six high quality residential buildings in Stockholm for €128 million through a forward commitment as well as acquiring five light industrial units within Network Link 9, a newly completed industrial estate in Bicester, Oxfordshire, for £12.8 million (c. €14.6 million), on behalf of an in...
Wednesday, 13. February 2019

M7 RE appoints Tony Edgley as Non-Executive Chairman

M7 Real Estate has strengthened its team. The company has appointed Tony Edgley as non-executive chairman. He succeeds Hugh Ellingham who has taken up an executive role with the Group as CEO of the newly formed M7 Developments.
Tuesday, 12. February 2019