News
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Swiss Life wins £120m Christ’s Hospital portfolio mandate
Swiss Life Asset Managers UK has been selected as the investment adviser for charitable school Christ’s Hospital’s £120m UK commercial property portfolio. The move seeks to achieve long-term returns through…
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REI cuts down debt by 30% with property disposals
Midlands-focused REIT Real Estate Investors completed £18.9m in property sales in 2024, achieving a 6.95% uplift (pre-costs) above December 2023 valuations. The REIT’s disposal proceeds paid down £15.2m of debt,…
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Essential worker housing fund set for Greater Manchester
Thriving Investments has launched a £200m Greater Manchester essential worker housing fund. The fund manager, part of Places for People, secured an initial £30m of equity commitments from Greater Manchester…
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Sovereign Centros secures Uniqlo for Glasgow flagship store
Japanese clothing retailer Uniqlo has signed a deal with Sovereign Centros to open a flagship store at 135-153 Argyle Street, Glasgow. The retailer has signed for circa 23,500 sq ft…
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Why ESG is far from dead in the water
COMMENT Talking to boards about the net zero transition and social impact in recent years, I have felt like Tom Hagen in the Godfather Part 1. He advises Vito Corleone:…
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Warehouse REIT seals £300m refinancing
Warehouse REIT has refinanced its term loan and revolving credit facility, totalling £300m. The new three-year facility comprises a £200m term loan and £100m RCF and replaces the company’s previous…
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SEGRO and Pure DC form JV for £1bn data centre
SEGRO and Oaktree-owned Pure Data Centres Group have teamed up to develop a £1bn, 56MW fully fitted data centre. The joint venture project at Royal Park in West London, SEGRO’s…
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Blackstone makes final £489m move for Warehouse REIT
Blackstone has made a final indicative all-cash proposal to buy Warehouse REIT. The proposal of 115 pence per share would value the target at £489m and represents a premium of…
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London Square boss on repurposing, regenerating and renewing
Ahead of its 15th anniversary, developer London Square has just acquired its 14th site since it was taken over by Abu Dhabi-based Aldar Development. The London-based company targets regeneration sites…
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LPA calls for change in funding London’s transport infrastructure
The London Property Alliance has called for chancellor Rachel Reeves to adopt new funding models ahead of the Spring Statement on 26 March. The trade body says a fresh approach…
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British Land to reposition Broadgate Tower
British Land has revealed plans to reposition its Broadgate Tower, a 34-storey office building at the Broadgate campus in the City of London. The redevelopment will add three storeys and…
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Estates Gazette’s news agenda: What to look out for this week
Here’s a look ahead to what is happening in the world of commercial real estate this week. Make sure to check back with Estates Gazette for the full analysis as we deliver…