All Deals articles – Page 11
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News
Hub and Bridges Fund Management acquire £19m Bath site for BTR development
Residential developer Hub, in partnership with Bridges Fund Management, has acquired a 4.5-acre brownfield site in Bath for £18.5m to develop a build-to-rent (BTR) scheme.
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Luxury cinema Everyman takes space at The Brentford Project
Developer Ballymore has signed luxury cinema operator Everyman for The Brentford Project, its 1.2m sq ft riverside residential-led development in Brentford, West London.
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Global Holdings acquires West End’s Vogue House from Condé Nast
Global Holdings Group has completed the purchase of landmark Mayfair office Vogue House from publishing giant Condé Nast.
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Online
Travelodge buys 66 hotels back from LXi for £210m
LXi REIT has exchanged contracts on the sale of 66 Travelodge branded hotels to the Travelodge group for £210m.
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Online
LondonMetric buys Doncaster warehouse for £21.2m
LondonMetric has completed the acquisition of a long-let distribution warehouse in Doncaster for £21.2m.
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Artisan Real Estate plans resi renovation of historic Edinburgh brewery
Regeneration specialist Artisan Real Estate has agreed undisclosed terms with Heineken UK to buy the 1.9-acre Caledonian Brewery in Shandon, Edinburgh.
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Patron and Curation JV acquires £15m 140-bed Birmingham PBSA scheme
Pan-European institutional investor Patron Capital on behalf of its joint venture with investment manager Curation Capital has acquired a 136-bed purpose-built student accommodation (PBSA) scheme in Birmingham.
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Government sells over £1bn of property assets in 2023
The government sold more than £1bn worth of property assets in 2023 in a drive to make more efficient use of its buildings and land.
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Vue to move headquarters to Westfield London
Cinema operator Vue has chosen Westfield London as the location for its new headquarters.
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Meridian Leisure Park in Leicester sold for £25m
Greenridge Opportunities has acquired Meridian Leisure Park in Leicester for £25m reflecting a yield of 8.50%.
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Supermarket property transactions hit record high in 2023
The value of UK supermarket property transactions rose to a record £2.49bn in 2023, according to data from Knight Frank.
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Network Rail buys 65 biodiversity units in Cambridge to deliver new railway station
Network Rail has acquired 65 biodiversity units across a 354-acre site from Cambridgeshire County Council to support the facilitation of a new railway station.
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Barclays agrees to stay at Canary Wharf HQ until 2039
Barclays has agreed to extend its lease at One Churchill Place by five years in a vote of confidence in Canary Wharf’s struggling office market.
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West London Pasadena Distribution Centre let to Panalux
Royal London Asset Management Property has let Pasadena Distribution Centre in Hayes, west London, to film and television lighting equipment specialist Panalux.
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Waverley Castle Hotel in Scotland snapped up by Leisureplex Hotel Group
Waverley Castle Hotel in Melrose, Scotland, has been sold to Leisureplex Hotel Group in an undisclosed deal.
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Online
Home REIT sells 80 assets at a loss as recovery plan continues
Home REIT has exchanged on the sale of 80 properties for £16.2m as it continues its recovery plan.
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Lloyd’s of London to stay at iconic City HQ until 2035
Lloyd’s of London has struck a deal to stay in its famous City headquarters at One Lime Street until at least 2035 after reaching an agreement with Chinese investor Ping An.
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Acuitus reports a total of £175m in auction sales in 2023
The final Acuitus commercial property auction of 2023 raised £10m and brought the total volume of assets that the auction house sold during the year to £175m, with an average lot size of £717,000.
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Mencap sells long-time London HQ and buys replacement
UK charity Mencap has sold its long-term London headquarters for an undisclosed sum and is preparing to move to a new site for the first time in 50 years.
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Government investment zones outperform commercial real estate market
Liverpool and South Yorkshire, both government investment zones, have outperformed the commercial real estate market in the second half of 2023.