All Deals articles – Page 29
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News
Delin Property signs Lloyd Fraser to occupy its 163,000 sq ft Magna Park warehouse
European logistics warehouse specialist Delin Property has signed a long-term lease for third-party logistics provider Lloyd Fraser to occupy its 163,000 sq ft crossdock warehouse in Magna Park, Lutterworth.
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Prezzo landlords swallow £32m loss in High Court restructuring plan ruling
Prezzo landlords have been forced to swallow a £32.2m loss after a High Court judge approved a restructuring plan following the closure of 47 loss-making restaurants in April.
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Helical joins forces with TfL on commercial office portfolio
Helical has finalised its joint venture agreement with Transport for London (TfL) to deliver office space above or close to London Underground stations.
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MRP buys prime Hammersmith office from Catella APAM
Catella APAM has sold a prime office site in Hammersmith, west London, to MRP, the property development and investment arm of McAleer & Rushe.
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THG CEO Moulding to sell the company’s £250m Manchester HQ
The Hut Group’s (THG) chief executive Matt Moulding is eyeing up the sale of the company’s £250m headquarters in Manchester, with real estate investor ICG Longbow tipped as the buyer.
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DFI and Argo Real Estate plan £400m urban logistics platform
Deutsche Finance International (DFI) and Argo Real Estate have revealed plans to develop a £400m UK urban logistics after their joint venture (JV) completed two acquisitions for a combined £177m.
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LCP purchases Weavers Wharf Shopping Park from Nuveen Real Estate
Property and investment company LCP has acquired Weavers Wharf Shopping Park in Kidderminster, Worcestershire, for an undisclosed sum from Nuveen Real Estate.
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Puma signs its largest loan yet for Manchester BTR scheme
Puma Property Finance has provided a £50m facility to the McGoff Group for the development of a 237-unit build-to-rent (BTR) scheme in central Manchester.
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Touchwood Shopping Centre signs trio of fashion brands
Three major fashion brands have signed undisclosed deals to set up shop in Touchwood Shopping Centre in Solihull.
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PBSA investment down 67% year on year in first half of 2023
Investment in purpose-built student accommodation (PBSA) in the first half of 2023 was 67% lower than in the first half of 2022, at £1.13bn, according to research from JLL.
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McLaren Construction to move to Canary Wharf
McLaren Construction Group is moving its headquarters from the City of London to Canary Wharf, going against the trend among financial firms to move out of the area and back to the Square Mile.
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Law firms sign record-breaking leases at Gary Neville’s £400m Manchester development
Gary Neville’s £400m mixed-use Manchester development has set a new headline rent for offices in the city with record-breaking deals for law firms Pinsent Masons and Hill Dickinson.
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The White Company set up shop at Northern Ireland’s Victoria Square
Lifestyle brand The White Company is set to open its first store in Northern Ireland after closing a deal to join Belfast’s Victoria Square shopping centre.
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Leumi UK provides £19.5m loan to Cinnamon Care Homes
Specialist property lender Leumi UK has provided Cinnamon Care Homes with a £19.5m loan to refinance the care homes in Chichester and Dorset.
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Churchill Retirement Living buys clutch of sites with £139m GDV
Specialist housebuilder Churchill Retirement Living has exchanged contracts on seven new sites with a total gross development value of £139m in the past month to support its growth plans.
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AIPUT lets 27,760 sq ft Heathrow warehouse to EFL Global
Asset manager abrdn’s Airport Industrial Property Unit Trust (AIPUT) has let its Black Arrow warehouse in Blackthorne Point logistics campus, Heathrow, to freight and logistics company EFL Global.
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GPE posts leasing deals well up on March ERV
Great Portland Estates has reported signing 22 new leases and adding £6.4m in annual rent for the quarter to 30 June 2023.
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LondonMetric sells five assets for £43m
LondonMetric has exchanged on the sale of five assets for £42m, reflecting a net initial yield (NIY) of 4.5%. The combined sales are in line with the 31 March 2023 book value.
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News
King’s College and Pioneer Group to develop £180m life sciences incubator
King’s College London has partnered with life sciences real estate and venture building firm Pioneer Group to develop 95,000 sq ft of incubator facilities on London’s South Bank.
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News
MoD completes sale of Waterbeach Barracks
The Ministry of Defence (MoD) has sold Waterbeach Barracks in Cambridgeshire to Urban&Civic, paving the way for a major redevelopment of the site to provide homes and schools plus sports and community facilities.