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Elevate Property Group gains £21.1m funding facility for Derby development
The deal, to support the second phase of The Silk Yard development, is Paragon Bank’s eighth with Elevate.
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OakNorth Bank completes £25m loan to property lending firm
Property lending firm Blue Shield Capital has secured the money to bolster its bridging loan business.
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National Lottery operator takes 64,000 sq ft pre-let at Watford office scheme
Allwyn will occupy six floors, the equivalent of 45% of the total floorspace, at The Clarendon Works.
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NAV dips at AEW UK REIT amid ‘fragile economic backdrop’
The group’s portfolio value edged up 0.41% in Q1 2024.
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UK’s biggest regional cities see biggest climb in prime rents in 20 years
The recorded rise in prime rents across the UK’s biggest regional cities is the highest since 2000.
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Asda plans 1,500-home ‘town centre’ on Park Royal superstore site
The supermarket giant has sold the brownfield site to Barratt in a sale-and-leaseback deal.
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Nike signs 1.3m sq ft lease at GLP’s Corby logistics hub
The East Midlands site is set to become the principal hub of Nike’s UK supply chain.
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Chase New Homes secures £48m for Brent Cross Cricklewood regeneration project
Brent Cross Cricklewood is part of one of the largest regeneration projects in Europe.
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Unite sells six student schemes to PGIM for £184m
The properties in Birmingham, Cardiff, Leicester, Liverpool, Nottingham and Sheffield are older than Unite’s portfolio average.
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Elivia Homes appoints Hutson as eastern region managing director
He will lead the company’s eastern team after moving from the central team.
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Investec provides Realstar with £22m loan for Manchester multi-family scheme
UNCLE Manchester comprises studio and one-bedroom apartments in a grade II-listed former warehouse built in about 1914.
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Hillwood secures £33m loan for Crewe industrial storage facility
Crewe 335 will be 335,000 sq ft and built to BREEAM ‘Excellent’ standard.
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Colliers reports major warehouse development slowdown pushing up rents
This year Colliers is forecasting average industrial rental growth of 3.7%.
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Footasylum upsizing at Gateshead’s Metrocentre
The sports shoe chain joins EE, Primark, Clarks, Victoria’s Secret and Jack & Jones in increasing its space at the mall.
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London Square scores hat trick of acquisitions with £32m site purchase in Vauxhall
The site has consent for a 36-storey residential tower.
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Legal & General’s Wesleyan buys Edinburgh Audi dealership for £9.1m
The deal signals the start of an investor rush to acquire alternative property assets, according to Knight Frank.
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Alternative Income REIT maintains dividend target despite decline in property values
The firm’s net asset value fell 1.2 in Q1, but rent collection remained robust, at 100% for the quarter.
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Housing and data centres lead UK real estate growth projections for 2040, C&W reports
According to C&W report, a 171% increase in seniors housing stock is needed to meet demand.
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University of Bristol seeks developer for proposed £175m PBSA scheme
The first, £500m phase of the Temple Island campus is under way and scheduled for completion in 2026.
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I-RES revenue dips 4% in first quarter of 2024
The Irish residential specialist said the revenue dip reflected the impact of disposals in the second half of 2023.