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» Chronological View: " UK " «

Tritax Big Box acquires a national distribution facility in Cannock

Tritax Big Box REIT plc has acquired a national distribution facility at Hickling Road in Cannock, Staffordshire, which is operated and let to Unilever UK Ltd. The total consideration is £44.25 million (c. €50 million) (excluding purchaser's costs).
Tuesday, 9. January 2018
Speculative industrial development set to get underway at Bridgwater Gateway

Speculative industrial development set to get underway at Bridgwater Gateway

The first speculative industrial development in Bridgwater, Somerset, for a decade is set to get underway at the £150 million (c. €170 million) Bridgwater Gateway business park. Developers of the scheme have decided to press ahead with building 10 new industrial units ready for occupancy, in a move which has been described as...
Tuesday, 9. January 2018

DTZ Investors completes c. £700m of transactions during 2017

DTZ Investors has completed approximately £100m (c.€113m) of indirect transactions and £600m (c.€679m) of direct transactions in the UK during 2017, with a further £130m (c.€147m) under offer. Notable acquisitions made during the period have enabled the business to continue its strategy of investing in core locations with st...
Tuesday, 9. January 2018
Northern Ireland property investment market with £325m worth of transactions

Northern Ireland property investment market with £325m worth of transactions

Following a 50% drop in transactions between 2015 and 2016, Northern Ireland’s property investment market rebounded in 2017 with £325m (c. €368m) worth of deals – a 25% increase on the previous year. According to a new report from Savills Northern Ireland – who transacted 62% of all deals in the year – demand for secure city ...
Tuesday, 9. January 2018

Staycity Aparthotels plans six new property openings for 2019-2020

Following a positive trading year and 12 months of significant growth Staycity Aparthotels has announced a further six new property openings for 2019-2020. Finance director Colm Whooley said that Staycity expects 2017 turnover to have grown by 25%, with strong profit margins remaining in line with that of previous years.
Tuesday, 9. January 2018

U+I lets 94% of 12 Hammersmith Grove in London

In partnership with Aberdeen Standard Investments, U+I has let 94% of office space at 12 Hammersmith Grove. Existing tenants Perform Media Services Limited have leased the entire 5th floor and join WeWork who let 32% of the office accommodation in August 2017. They add to a growing number of global brands including All Nippon...
Tuesday, 9. January 2018

Eskmuir secures £80 million refinancing of bank debt and £95 million bond issue

Eskmuir has secured an £80 million (c. €90.7 million) refinancing deal with Royal Bank of Scotland as part of its ongoing strategy. Eskmuir has also issued and listed on the London Stock Exchange a 30-year £95m (c. €107.7m) bond, providing additional financial strength for the long-term and offering the security to complete f...
Tuesday, 9. January 2018

Aviva Investors completes refinancing for Primary Health Properties

Aviva Investors has refinanced a £75m (c. €85m) facility to Primary Health Properties plc (“PHP”). The new facility is secured against 31 modern purpose-built medical centres and matures in November 2028. The portfolio provides 37,400m² accommodation let to NHS and pharmacy tenants.
Tuesday, 9. January 2018
Logistics development in Doncaster reaches milestone

Logistics development in Doncaster reaches milestone

Work is progressing apace for the delivery of a major new logistics development in Doncaster with steelwork for the first 150,000 sq ft unit now completed and an expected completion date announced for July 2018.
Tuesday, 9. January 2018

Inner London's first Starbucks drive-thru

Inner London’s first Starbucks Drive-Thru will open early this year at Gateway Retail Park in Beckton, owned by the Standard Life Investments UK Real Estate Fund. Starbucks has signed a 15-year lease for a 1,800 sq ft newly built drive-thru unit in the retail park, due to open in early 2018. The construction of this unit was ...
Tuesday, 9. January 2018
Bedford Estates signs new health food concept café for London’s Store Street

Bedford Estates signs new health food concept café for London’s Store Street

The Bedford Estates has signed up the first UK take-away restaurant. KOOX is a new health food concept created in collaboration with top chefs from a 3* Michelin restaurant. The food-concept will introduce unique products never seen before in the London take-away market, freshly-made, seasonal and for the health conscious. Th...
Tuesday, 9. January 2018

Grainger acquires a 237 unit PRS build to rent scheme in Sheffield for c.£32m

Grainger has exchanged contracts with Abode Hallam Limited and agreed to forward fund and acquire a private rented sector (PRS), build to rent development, Eccy Village, in Sheffield, comprising 237 new purpose built PRS homes, for c.£32m (c. €36m). Grainger expects the investment to generate a gross yield on cost of over 7% ...
Monday, 8. January 2018

Valor Real Estate Partners completes two acquisitions

Valor Real Estate Partners has acquired on behalf of its clients two further logistics sites via two separate transactions. The first acquisition comprises two fully-let, prime logistics units in Crawley, Sussex. Totalling 70,000 sq. ft., the first unit is let to DPD and the other is let to Fray & Sons, both on long term leas...
Monday, 8. January 2018
Wells Fargo purchases 33 King William Street from HB Reavis

Wells Fargo purchases 33 King William Street from HB Reavis

Wells Fargo & Company has completed its purchase of 33 King William Street (formerly known as 33 Central) in the City of London from HB Reavis. This office development, which the company announced in July 2016, is the first international real estate purchase outside of the United States for Wells Fargo, and it will serve as t...
Monday, 8. January 2018

CLS Holdings sells in Peterborough and Hamburg

CLS Holdings has unconditionally exchanged contracts to sell three properties in Peterborough and Hamburg for a total consideration of £12.4 million (c. €14 million). Clifton House and 126-128 Park Road in Peterborough were sold to a private investor for £6.2 million (c. €7 million). The properties, which comprised 57,522 sq ...
Monday, 8. January 2018
Helical signs two new tentans at One Creechurch Place

Helical signs two new tentans at One Creechurch Place

Helical plc has agreed two new lettings, totalling 54,315 sq ft, at One Creechurch Place, the prime office scheme located in the heart of London's insurance district. The lettings are further evidence of the robust demand for Helical's market-leading office developments from a diverse occupier base.
Monday, 8. January 2018

Europeans look to UK property for investment

Skipton International has seen a huge increase in interest this year for UK buy-to-let mortgages from European British expatriates. Enquiries for its Expat Mortgages from Spanish residents alone have trebled against figures from 2016, as investors look to make the most of the weak pound.
Monday, 8. January 2018