All Deals articles – Page 2
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Online
Aroundtown sells Hyde Park Hilton for possible resi conversion
German real estate investor Aroundtown has sold the Hilton London Hyde Park hotel in London to an unnamed Dubai-based family office advised by MGI Holdings, for a price believed to be close to £50m.
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Online
IKEA owner buys Brighton shopping centre for around £150m
The business behind retail giant IKEA is understood to have paid fund manager abrdn £145m for Brighton’s main shopping centre, Churchill Square.
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Online
Government puts £1.1bn Covid ‘Megalab’ on sale at less than build cost to taxpayer
The government has put a Covid ’megalab’ in Leamington Spa up for sale at a price believe to be less than the £1.1bn taxpayers paid to build it.
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Online
Downing LLP invests £27m into residential care businesses
Investment manager Downing has invested £27m in three elderly residential care businesses.
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News
HUB and Bridges plan resi conversion for £39m Aldgate office purchase
HUB and Bridges Fund Management have bought a central London office block in Aldgate for £39m with plans to convert it into a residential scheme.
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Galliard and City Developments JV buys massive Morden Wharf site
Mixed-use developer Galliard Homes has acquired the 13.8-acre Morden Wharf site in London’s Royal Borough of Greenwich to develop around 1,500 homes, in a joint venture with City Developments Limited (CDL), Property Week can reveal.
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Mace launches £56m PBSA asset in Oxford to the market
Construction and consultancy company Mace has brought a purpose-built student accommodation (PBSA) freehold asset in Oxford to the market, seeking offers in excess of £56m.
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M Core acquires multi-retail centre portfolio for £35m
M Core has completed the acquisition of a multi-retail centre portfolio, comprising eight retail parks and convenience stores, for £35m as part of its expansion drive.
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Signa’s financial woes could trigger Selfridge sale
The ownership of iconic London department store Selfridges has been plunged into doubt after co-owner Signa Group fell into financial crisis.
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Revolut in talks to move headquarters to iconic Canary Wharf YY building
Fintech banking firm Revolut is in talks to move its headquarters to a 113,000 sq ft space at Quadrant’s YY building at Canary Wharf.
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Glenstone REIT absorbs Clifford Property in £13.5m deal
Glenstone REIT has acquired Clifford Property in a £13.5m net assets value (NAV)-for-NAV all-paper share purchase.
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IPIM and Maven acquire £30m Dundee PBSA development
IP Investment Management (IPIM) and property and private equity manager Maven Capital Partners have a acquired a purpose-built student accommodation (PBSA) site in Dundee with a gross development value of £30m.
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Vistry pre-sells 3,000 homes in £819m partnerships deal with Sage and Leaf
Vistry Group has signed an £819m partnerships deal with two Blackstone-backed providers, Leaf Living and Sage Homes, in one of the largest new-build residential investment transactions on record.
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News
Avant Homes sells 300-home portfolio for PRS use to Sigma for £60m
Housebuilder Avant Homes has completed the sale of 306 homes across eight developments to single-family housing provider Sigma Capital Group for more than £59.5m.
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ELM set to acquire 1,400 later living units across 30 local authority areas
ELM Group, which owns and manages retirement communities in the South of England, announced it is buying 1,368 later living units from housing developer Orbit across 30 local authority areas.
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Gym operator to make UK debut in West Midlands shopping centre
Fitness operator XTRAFIT is set to make its UK debut with a 40,000 sq ft gym in a former Debenhams in the Merry Hill shopping centre in Brierly Hill, West Midlands.
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Britain’s oldest casino up for sale for £70m following closure
Britain’s oldest casino has closed down after 195 years and is now up for sale for £70m.
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CBRE boosts asset management strength with Sovereign Centros acquisition
Commercial real estate firm CBRE has acquired asset and development manager Sovereign Centros.
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IQ Student Accommodation buys two Downing PBSA assets in deal worth reported £370m
IQ Student Accommodation has acquired two purpose-built student accommodation (PBSA) properties in London and Edinburgh from Downing Students in a deal believed to be worth £370m.
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News
LondonMetric completes £24.5m of non-core sales
FTSE 250-listed REIT LondonMetric Property has sold four offices and two long-income assets in separate transactions for a combined £24.5m.