News
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True Capital pulls deal to buy Mark’s Borough Yards
London-based private equity firm True Capital has withdrawn from purchasing Borough Yards, SE1, from European real estate investment manager Mark. True Capital was set to pay £132m but later reduced…
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Henry Boot boss on building bigger and better
The chief executive of real estate group Henry Boot has mapped out his path to build “a bigger, better and more profitable business” as markets recover. Tim Roberts has led…
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L&G forms resi JV with Japanese developer Nomura
Legal & General has formed a partnership with Japanese developer Nomura Real Estate Development to deliver more than 1,000 build-to-rent homes. The joint venture has been launched with the acquisition…
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Lettings hat-trick at Bedfordshire industrial estate
BrightBay Real Estate has signed a trio of occupiers at Bilton Way Industrial Estate in Luton, Bedfordshire. Cromwell Tools has taken a 10-year lease on a 16,700 sq ft warehouse;…
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Colliers hires head of retail capital markets from Montagu Evans
Colliers has appointed Mark Girling as an executive director to lead its retail capital markets team. He will be part of Colliers’ 40-plus member capital markets team, which includes specialists…
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Government announces £2bn funding for new homes
Chancellor Rachel Reeves and deputy prime minister and secretary of state for housing Angela Rayner have announced a £2bn injection into the Prime Minister’s Plan for Change. The investment will deliver up…
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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…