Joint venture sells London office building to J.P. Morgan for £181.5m
A joint venture between Great Portland Estates (GPE) and Ropemaker Properties has sold 160 Old Street, an office building in London EC1, to a...
Whitbread appoints Legendre UK for Vauxhall office-to-hotel conversion
Whitbread has appointed Legendre UK as main contractor for the conversion of Phoenix House in Vauxhall, London, into a 180-bedroom Premier Inn hotel.
The 10-storey,...
Aviva Investors appoints new managing director for real estate
Aviva Investors has appointed Ben Sanderson as Managing Director, Real Estate.
Sanderson will join Aviva Investors in January 2022 with responsibility for the direct real...
PGIM refinances Irish self-storage platform with €125m loan
PGIM has provided a €125 million senior loan to refinance U Store It, an Irish self-storage platform, on behalf of its real estate senior...
LondonMetric acquires Savills IM fund for £122.2m
LondonMetric has acquired Savills IM UK Income and Growth Fund for £122.2 million, reflecting a blended yield on cost of 4.3% and an anticipated...
Greater Manchester Pension Fund commits £30m to Newcore Capital strategy
The Greater Manchester Pension Fund (GMPF) has committed £30 million to Newcore Capital’s core-plus social infrastructure strategy, split equally between its UK-wide income fund...
Citi plans to refurbish its London headquarters
Citi on Wednesday announced its intent to transform its London headquarters, home to its UK and EMEA operations.
The refurbishment of the iconic Citi...
Target Healthcare REIT portfolio value rises to £930.2m
Target Healthcare REIT has reported a 0.9% increase in EPRA Net Tangible Assets (NTA) per share to 123.2 pence for the three months ended...
LondonMetric grows urban logistics portfolio with £15.5m buy
LondonMetric has bought an urban logistics warehouse in Luton from Marcol Industrial Investments for £15.5 million.
The 168,000 sq ft property is located on Luton...
British Land plans to end lease agreement with Gazprom at Regent’s Place
British Land, one of the largest property development and investment companies in the United Kingdom, plans to end its lease agreement with Gazprom’s global...
Hines sells industrial building in Edinburgh to ICG Real Estate
Hines has sold the Royal Mail sorting warehouse in Edinburgh to ICG Real Estate for an undisclosed price.
The industrial building was acquired in 2019 by a fund...
UK real assets to offer better growth potential than continental Europe, says Aviva Investors
UK real assets are expected to offer investors better growth prospects relative to continental Europe, according to the latest edition of the Real Assets...
