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Western Europe

AEW UK REIT buys Glasgow leisure asset

AEW UK REIT has purchased a high yielding asset located in Glasgow at a price of £2,6m reflecting a low capital value of £99 per sq ft and providing an attractive net initial yield of 7.4%.
Friday, 12. August 2022

Hibernia changes name to reflect cessation of REIT status

Hibernia REIT has changed its name to Hibernia Real Estate Group Limited to reflect the fact that following the completion of its acquisition by Brookfield on 17 June 2022 it ceased to be an Irish real estate investment trust. The Company’s shares have been delisted from Euronext Dublin and the London Stock Exchange.
Thursday, 11. August 2022

Tessuti opens global flagship at Liverpool One

Grosvenor has announced that designer retailer, Tessuti, has opened its new global flagship store at Liverpool One, demonstrating the brand’s ongoing vote of confidence in the destination. The new location on Paradise Street follows Tessuti’s consistently strong performance at Liverpool ONE and spans two floors measuring 22,0...
Thursday, 11. August 2022

Knowledge quarter welcomes Woodbourne Group

The property and investment company behind £360 million plans for the world’s first mixed-use, net zero carbon ready development in Birmingham has thrown its weight behind the growth of the city’s technology and innovation quarter.
Thursday, 11. August 2022

L&G’s Leeds Tower Works BTR scheme tops out

Construction of the historic Tower Works scheme on Globe Road in Leeds city centre has reached a significant milestone with a topping out ceremony. Representatives from the project team gathered to mark the occasion which was led by a speech from Sir Andrew McAlpine.
Wednesday, 10. August 2022

Octopus Energy expands hub at Slough Trading Estate

Segro has agreed a second lease for one of Europe’s largest investors in renewable power, Octopus Energy, to expand its presence at the Slough Trading Estate to almost 50,000 sq ft.
Wednesday, 10. August 2022

Panattoni set to build two major logistics units in Rotherham

Green light for one of the largest-ever speculative logistics buildings in the North: Panattoni has secured planning consent for a 710,000 sq ft speculative logistics development in Rotherham. Work will start this month.
Wednesday, 10. August 2022

New office space and café launched at 1 City Square in Leeds

The stunning transformation of 1 City Square into one of Leeds’s finest office buildings continues apace. Hot on the heels of a £8million refurbishment comes the news that a new on-site cafe is opening next month, while a new fully-fitted, hi-spec office on the ground floor will be available from October.
Wednesday, 10. August 2022

Montea continues its growth story with € 90m buys

Montea has purchased four sites: three in the Netherlands, in Zeewolde, Almere and Zwijndrecht and one in Avignon, France. In total, these acquisitions represent ca. 152,000 m² of land with ca. 76,000 m² of storage space, mezzanines and offices.
Tuesday, 9. August 2022

Harworth sells land parcel in Woodville to Barwood Homes

Harworth Group has completed the sale of an eight-acre land parcel at Woodville, Derbyshire to Barwood Homes for the delivery of 73 new houses. This represents Harworth’s first transaction with the Northampton-based housebuilder.
Tuesday, 9. August 2022

MCS Group completes Segro industrial development

Construction of a multi-million-pound speculative development of 13 small industrial units in East London has reached practical completion, main contractors MCS Group announced today.
Tuesday, 9. August 2022