All Deals articles – Page 3
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News
Newcore Capital acquires £11m of social infrastructure assets
UK-focused real estate investment manager Newcore Capital has acquired two language schools, in Cambridge and Oxford, and a food distribution asset in Colchester for a total of around £11m, reflecting a net initial yield of 6.1%.
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EU faces £400m bill for empty London office after WeWork troubles
The European Union faces a potential bill of £400m for an empty London office it vacated in 2016 in the wake of Brexit and sub-let to WeWork, following the flexible workspace giant’s bankruptcy in the US.
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NFU Mutual acquires prime Birmingham office from Ardstone
NFU Mutual has acquired 1 Newhall Street in Birmingham from the Ardstone Regional Office Fund for an undisclosed price.
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Online
LondonMetric to take over LXi in £1.9bn deal
LondonMetric has agreed a £1.9bn takeover of Nick Leslau’s LXi REIT, in a deal that will create the UK’s fourth largest REIT with net tangible assets of £4.1bn.
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Tri7 in £10m swoop for Southampton shopping centre
Real estate investment and asset management firm Tri7 has acquired the Portswood Shopping Centre in Southampton for around £10m from a private investor.
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Meta to close One Rathbone Square HQ
Facebook parent company Meta is leaving its London headquarters at One Rathbone Square in a dramatic reduction of its UK office footprint.
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Online
Belvoir and Property Franchise Group reveal £214m merger
Estate agent brands Belvoir and The Property Franchise Group (TPFG) have revealed an all-share merger.
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Grosvenor and Generali launch £100m resi private debt co-investment strategy
Grosvenor Property UK and Generali Real Estate have launched a £100m residential private debt co-investment strategy today (9 January).
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AM Sci Tech swoops for Aberdeen Energy and Innovation parks
Manchester-based property company AM Sci Tech – a subsidiary of Hurstwood Holdings – has snapped up Aberdeen Energy Park and Aberdeen Innovation Park in an acquisition described by the firm as “one of the most significant property deals in Aberdeen in the last decade”.
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Hadrian Industrial Estates snaps up Durham portfolio for £1.28m
Hadrian Industrial Estates, part of Hadrian Land, has snapped up three multi-let industrial estates in County Durham for a combined £1.28m from commercial property investor Snowlarch.
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Archer Hotel Capital pays £215m for two Hoxton-branded London hotels
Archer Hotel Capital has acquired two London hotels from Norlake Hospitality in a £215m deal.
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Hub and Bridges Fund Management acquire £19m Bath site for BTR development
Residential developer Hub, in partnership with Bridges Fund Management, has acquired a 4.5-acre brownfield site in Bath for £18.5m to develop a build-to-rent (BTR) scheme.
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Luxury cinema Everyman takes space at The Brentford Project
Developer Ballymore has signed luxury cinema operator Everyman for The Brentford Project, its 1.2m sq ft riverside residential-led development in Brentford, West London.
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News
Global Holdings acquires West End’s Vogue House from Condé Nast
Global Holdings Group has completed the purchase of landmark Mayfair office Vogue House from publishing giant Condé Nast.
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Online
Travelodge buys 66 hotels back from LXi for £210m
LXi REIT has exchanged contracts on the sale of 66 Travelodge branded hotels to the Travelodge group for £210m.
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Online
LondonMetric buys Doncaster warehouse for £21.2m
LondonMetric has completed the acquisition of a long-let distribution warehouse in Doncaster for £21.2m.
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News
Artisan Real Estate plans resi renovation of historic Edinburgh brewery
Regeneration specialist Artisan Real Estate has agreed undisclosed terms with Heineken UK to buy the 1.9-acre Caledonian Brewery in Shandon, Edinburgh.
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Patron and Curation JV acquires £15m 140-bed Birmingham PBSA scheme
Pan-European institutional investor Patron Capital on behalf of its joint venture with investment manager Curation Capital has acquired a 136-bed purpose-built student accommodation (PBSA) scheme in Birmingham.
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News
Government sells over £1bn of property assets in 2023
The government sold more than £1bn worth of property assets in 2023 in a drive to make more efficient use of its buildings and land.
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Vue to move headquarters to Westfield London
Cinema operator Vue has chosen Westfield London as the location for its new headquarters.