Aviva Investors and Warner Estate, managers of the Ashtenne Industrial Fund, have raised £45m of equity to reduce senior debt and refinance the fund’s existing loan facility for a further four years with Royal Bank of Scotland and Lloyds.
Prologis has added two new logistic assets totalling over 330,000 sq ft across two south London sites to its portfolio.
Lord Michael Bichard, the civil servant who led the review into the governance of the Royal Institution of Chartered Surveyors (RICS), has been named as its interim senior independent governor.
Plans to redevelop Burgess Business Park to provide several hundred new homes alongside more modern office space in the area have been green-lit by Southwark Council’s planning committee.
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